Animal Produce Market Size, Share, Growth, and Industry Analysis, By Type (Live Animals, Meat, Milk, Egg, Skin and Hide, Wool, Honey), By Application (Hypermarkets/Supermarkets, Convenience Stores, Online Retail and Others), and Regional Forecast to 2028

Updated On: 22 April 2024

Report Overview

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The global animal produce market size was USD 1485.2 million in 2022. As per our research, the market is expected to reach USD 1702.3 million by 2028, exhibiting a CAGR of 2.3% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the animal produce market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Animal produce refers to products derived from animals, such as meat, milk, eggs, and wool. It can also include other products, such as leather and gelatin. Animal produce is a major part of the global food supply, and it is a source of protein, vitamins, and minerals.

The production of animal produce has a significant impact on the environment. The raising of animals for food requires land, water, and energy. It also produces greenhouse gases and other pollutants. There are a number of ethical concerns about the production of animal produce. Some people believe that it is wrong to raise animals for food, and that it is cruel to keep them in confined spaces. Others are concerned about the environmental impact of animal agriculture.

COVID-19 Impact: Pandemic Decreased the Market Demand

The COVID-19 pandemic has had a significant impact on the animal produce market share. The pandemic has disrupted supply chains for animal products, as workers have been sick or quarantined, and transportation has been limited. This has led to shortages of animal products in some markets. The higher prices for animal products have been driven by a number of factors, including the disruption of supply chains, increased demand for animal products, and higher costs for inputs such as feed and fuel. The pandemic has also led to reduced demand for animal products, as some consumers have been eating out less and cooking more at home. This has been especially true for processed animal products. The pandemic has also led to increased focus on traceability and sustainability in the animal produce industry. Consumers are more concerned about the origin and production of their food, and they are looking for products that are produced in a more sustainable way.

Latest Trends

"Growth of the organic market to fuel the growth in the market"

Organic animal products are produced without the use of synthetic pesticides, herbicides, and fertilizers. This means that they are lower in toxins and other harmful substances. Additionally, organic animals are often given more space to roam and are fed a more natural diet. This can lead to healthier animals and, in turn, healthier products. Organic farming practices are designed to protect the environment. This includes practices such as crop rotation, cover cropping, and composting. Organic farming can help to reduce soil erosion, water pollution, and greenhouse gas emissions. Many consumers are concerned about the welfare of animals raised for food. Organic standards typically require that animals be given more space to roam and be treated with more humane methods. This can make consumers feel better about the products they are buying. Organic animal products are becoming more widely available. This is due to the growing demand for organic products and the increasing number of farmers who are transitioning to organic farming.

Segmentation

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• By Type Analysis

According to type, the market can be segmented into Live Animals, Meat, Milk, Egg, Skin and Hide, Wool, Honey.

• By Application Analysis

Based on age, the market can be divided into Hypermarkets/Supermarkets, Convenience Stores, Online Retail and Others.

Driving Factors

"Increasing demand for meat, milk, eggs, and other animal-based products to foster the market growth"

The global population is expected to reach 9.7 billion by 2050, and this will lead to an increase in demand for animal produce. This is because animal products are a good source of protein and other nutrients, and they are also a relatively affordable source of food. In developing countries, incomes are rising, and this is leading to people eating more meat and dairy products. This is because meat and dairy products are seen as a status symbol, and they are also seen as being more nutritious than plant-based foods. People are increasingly moving to urban areas, and this is leading to a decline in the availability of fresh fruits and vegetables. This is because urban areas tend to have less land for agriculture, and they also tend to have more pollution, which can make it difficult to grow crops. As a result, people in urban areas are more likely to rely on animal products for their protein and other nutrients.

"Changing dietary preferences to result in the expansion of the market"

Animal products are a good source of protein, iron, zinc, and other nutrients that are essential for good health. As people become more aware of the importance of nutrition, they are increasingly turning to animal products to meet their nutritional needs. Many people enjoy the taste of meat, milk, and eggs. In addition, there are a wide variety of animal products available, so people can find options that they like. Animal products are relatively convenient to eat. They can be cooked quickly and easily, and they can be found in most grocery stores. In many cultures, eating meat is seen as a sign of wealth and status. This can influence people's dietary choices, even if they are not aware of it.

Restraining Factors

"Animal welfare concerns to hamper the market growth"

Consumers are becoming more aware of the conditions in which animals are raised for food. This is due to the increasing availability of information about animal welfare, as well as the growing popularity of documentaries and social media campaigns that highlight the issue.

Regional Insights

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"Asia Pacific to lead the market owing to growing population. "

The Asia Pacific region has shown the highest animal produce market growth. The Asia-Pacific region is home to the world's largest population, and this population is expected to continue to grow in the coming years. This will lead to an increase in demand for animal products. In many countries in the Asia-Pacific region, incomes are rising, and this is leading to people eating more meat and dairy products. This is because meat and dairy products are seen as being more nutritious and a status symbol.

Key Industry Players

"Key players are employing advanced technologies in order to stimulate further growth of the market"

All the major players are motivated to offer superior and more advanced services in order to gain a competitive edge in the market. To increase their market presence, vendors are using a variety of techniques, including product launches, regional growth, strategic alliances, partnerships, mergers, and acquisitions.

List of Market Players Profiled

• Cargill: Minneapolis, Minnesota, United States
• JBS: Greeley, Colorado, United States
• Tyson Foods: Springdale, Arkansas, United States

Report Coverage

This report examines an understanding of the animal produce market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.