Animal Produce Market - Global Industry Research Analysis

According to Market Research Store, the global animal produce market size was valued at around USD 335.7 million in 2023 and is estimated to reach USD 682.34 million by 2032, to register a CAGR of approximately 8.20% in terms of revenue during the forecast period 2024-2032.

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The animal produce report provides a comprehensive analysis of the market, including its size, share, growth trends, revenue details, and other crucial information regarding the target market. It also covers the drivers, restraints, opportunities, and challenges till 2032.

Global Animal Produce Market: Overview

Animal produce refers to products derived directly from animals, including live animals, meat, milk, egg, skin and hide, wool and honey, and other by-products. These products are essential sources of nutrition, clothing, and materials in various industries.

Animal produce comes from livestock such as cattle, poultry, sheep, and goats, and plays a significant role in global food systems and economies. The production of animal-based goods requires careful farming practices and animal husbandry to ensure quality, safety, and sustainability.

Key Highlights

• The animal produce market is anticipated to grow at a CAGR of 8.20% during the forecast period.
• The global animal produce market was estimated to be worth approximately USD 335.7 million in 2023 and is projected to reach a value of USD 682.34 million by 2032.
• The growth of the animal produce market is being driven by the growing demand for protein-rich foods like meat and dairy.
• Based on the type, the meat segment is growing at a high rate and is projected to dominate the market.
• On the basis of application, the hypermarkets/supermarkets segment is projected to swipe the largest market share.
• By region, North America is expected to dominate the global market during the forecast period.

Animal Produce Market: Dynamics

Key Growth Drivers

• Increasing Global Population: Rising population leads to higher demand for protein-rich foods, including animal products.
• Urbanization and Changing Lifestyles: As people move to cities and adopt busier lifestyles, convenience foods like processed meats and dairy products become more popular.
• Economic Growth: Economic development increases disposable income, enabling consumers to purchase higher-quality animal products.
• Health and Wellness Trends: Growing awareness of the nutritional benefits of animal products, such as omega-3 fatty acids and protein, drives consumption.

Restraints

• Animal Welfare Concerns: Ethical considerations surrounding animal treatment can impact consumer preferences and lead to reduced demand for certain products.
• Environmental Impact: Concerns about the environmental footprint of animal agriculture, including greenhouse gas emissions and resource depletion, may influence consumption patterns.
• Food Safety Issues: Outbreaks of foodborne illnesses linked to animal products can erode consumer confidence and lead to temporary declines in demand.
• Rising Costs: Increasing production costs for animal feed, energy, and labor can lead to higher prices for animal products, potentially limiting consumption.

Opportunities

• Alternative Protein Sources: The development of plant-based and cultured meat alternatives presents opportunities for innovation and diversification within the animal produce market.
• Functional Animal Products: There is a growing demand for animal products with added health benefits, such as omega-3 enriched eggs or probiotics-containing dairy.
• Sustainable Production Practices: Adopting sustainable farming methods can help address environmental concerns and improve the image of the animal agriculture industry.
• Emerging Markets: Expanding into new markets with growing populations and rising incomes can drive growth for the animal produce industry.

Challenges

• Regulatory Hurdles: Compliance with food safety regulations, animal welfare standards, and environmental regulations can be costly and time-consuming for producers.
• Global Trade Barriers: Tariffs, quotas, and other trade restrictions can hinder the movement of animal products across borders and limit market access.
• Disease Outbreaks: Animal diseases such as avian influenza and African swine fever can have devastating consequences for the industry, leading to production losses and price volatility.
• Consumer Preferences: Changing consumer tastes and preferences, such as increasing demand for plant-based alternatives, can pose challenges for traditional animal product producers.

Animal Produce Market: Segmentation Insights

The global animal produce market is divided by type, application, and region.

Segmentation Insights by Type

Based on type, the global animal produce market is divided into live animals, meat, milk, egg, skin and hide, wool, and honey.

The Meat segment is the largest in terms of global value and volume, with major industries in beef, poultry, and pork production. It remains a staple in global food production and is a key contributor to the agriculture economy.

The Live Animals segment represents a large portion of the animal produce market, particularly in regions with strong agricultural industries and livestock farming. Countries engaged in breeding and export of livestock for meat, dairy, and other agricultural needs drive the demand in this segment.

The Milk segment holds a substantial share of the animal produce market, with dairy farming being a significant contributor to rural economies globally. The demand for milk and dairy products is driven by both direct consumption and the processing industry.

The Egg segment is significant in the animal produce market due to its affordability, widespread availability, and nutritional value. Eggs are a key component of diets across the world and are consumed in large volumes in both developed and developing markets.

The Skin and Hide segment represent a significant portion of the market, particularly in the fashion, automotive, and furniture industries, where leather goods are in high demand.

The Wool segment plays an important role in the textile industry, particularly in regions where sheep farming is a key agricultural activity. Wool is used in fashion, home furnishings, and industrial applications.

The Honey segment is a growing part of the animal produce market, particularly with the rising demand for natural and organic products. Honey is also used in various food products, cosmetics, and traditional medicines.

Segmentation Insights by Application

On the basis of application, the global animal produce market is bifurcated into hypermarkets/supermarkets, convenience stores, online retail, and others.

The Hypermarkets/Supermarkets segment dominates the animal produce market due to the sheer volume of products sold through these outlets and their widespread presence across both urban and rural areas. These large-scale retailers offer competitive pricing, a wide selection of products, and the convenience of one-stop shopping, making them the preferred choice for most consumers.

However, the Online Retail segment is rapidly growing, particularly among tech-savvy consumers and those looking for specialty animal products. The rise of online grocery shopping and the convenience of home delivery are driving more consumers to purchase animal products online.

Animal Produce Market: Report Scope

Animal Produce Market: Regional Insights

North America dominates the animal produce market, particularly in the United States, which is a leading producer of beef, poultry, and dairy products. This region benefits from advanced agricultural technologies, a well-established supply chain, and a high level of consumer demand for meat and dairy products. Factors such as the increasing popularity of organic and sustainably sourced animal products, coupled with strong export markets, further enhance growth potential. Additionally, ongoing innovations in animal husbandry practices and feed efficiency contribute to higher yields and quality of animal produce.

Europe ranks as the second-largest market for animal produce, characterized by stringent regulations on food safety and animal welfare. Major players include countries like Germany, France, and the UK, which have robust meat and dairy industries. The European Union's commitment to sustainability and food safety standards fosters innovation in production practices, further enhancing market growth. Additionally, the growing trend of flexitarian diets and an increasing focus on reducing meat consumption among consumers are shaping product offerings in the region.

The Asia-Pacific region is experiencing rapid growth in the animal produce market. Countries like China and India are significant contributors due to their large populations and increasing protein consumption. The growing middle class and urbanization drive demand for meat, dairy, and egg products. Furthermore, the rise in health consciousness among consumers is propelling interest in animal produce, leading to innovations in product offerings and processing technologies. However, challenges such as food safety concerns and supply chain issues can impact market growth.

Latin America has a strong presence in the animal produce market, particularly in countries like Brazil and Argentina, which are major exporters of beef and poultry. The region benefits from vast agricultural land and favorable climate conditions for livestock farming. However, challenges such as fluctuating commodity prices and trade policies can hinder growth. The increasing adoption of modern farming techniques and emphasis on sustainability also play a vital role in enhancing production capacity.

The Middle East and Africa represent the smallest segment of the animal produce market. This market is characterized by varying levels of development in animal farming practices. Countries such as South Africa, Saudi Arabia, and Egypt are showing growth potential, driven by increasing demand for meat and dairy products. Factors such as population growth, urbanization, and rising disposable incomes contribute to the demand for animal produce.

However, challenges such as limited agricultural infrastructure, food security concerns, and reliance on imports may impede growth in this region. Nevertheless, there is a growing trend towards improving livestock management practices, which presents opportunities for market expansion.

Animal Produce Market: Competitive Landscape

The report provides an in-depth analysis of companies operating in the animal produce market, including their geographic presence, business strategies, product offerings, market share, and recent developments. This analysis helps to understand market competition.

Some of the major players in the global animal produce market include:

• Tyson Foods Inc.
• JBS S.A.
• Cargill, Incorporated
• BRF S.A.
• Hormel Foods Corporation
• Pilgrim’s Pride Corporation
• Perdue Farms Inc.
• Nestlé S.A.
• Danone S.A.
• Maple Leaf Foods Inc.

The global animal produce market is segmented as follows:

By Type:

• Live Animals
• Meat
• Milk
• Egg
• Skin And Hide
• Wool
• Honey

By Application

• Hypermarkets/Supermarkets
• Convenience Stores
• Online Retail
• Others

By Region

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • France
  • Germany
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• The Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East Africa

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