Live Animals Global Market Report 2024

“Live Animals Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on live animals market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for live animals? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The live animals market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

• 1) By Animal Type: Cattle and Buffalo; Pig; Poultry; Sheep and Goat; Other Animals
• 2) By Distribution Channel: Business To Consumers (B2C); Business To Business (B2B)
• Companies Mentioned: Cargill Incorporated; Tyson Foods Inc.; Koch Foods Inc.; Smithfield Foods Inc.; National Beef Packing Company LLC
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Live animals encompass all living organisms other than humans, including birds, fish, crustaceans, insects, reptiles, worms, and developing eggs. They are categorized based on the types of animals they represent and are often intended for purposes such as breeding, milk and meat production, egg production, or labor.

The primary types of live animals include cattle and buffalo, pigs, poultry, sheep and goats, and others. Cattle and buffalo specifically denote domesticated bovine farm animals raised for purposes such as milk, meat, hides, or draught. These live animals are typically distributed through both business-to-consumer (B2C) and business-to-business (B2B) channels.

The live animal market research report is one of a series of new reports from The Business Research Company that provides live animal market statistics, including live animal industry global market size, regional shares, competitors with live animal market share, detailed live animal market segments, market trends, and opportunities, and any further data you may need to thrive in the live animal industry. This live animal market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The live animals market size has grown strongly in recent years. It will grow from $2653.24 billion in 2023 to $2838.3 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth observed in the historical period can be attributed to factors such as agricultural practices and livestock farming, food consumption patterns, livestock trade and exports, cultural and religious practices, and the growth of the pet industry.

The live animals market size is expected to see strong growth in the next few years. It will grow to $3633.81 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The anticipated growth in the forecast period can be attributed to factors such as global population growth, changing dietary preferences, considerations for animal welfare and ethics, trends in companion animals, emerging markets, and urbanization. Major trends expected in the forecast period include heightened concerns for animal welfare, the integration of technology, a focus on sustainability and environmental impact, effects stemming from pandemics, and advancements in genetic innovations.

The live animal market is poised for growth, driven by an anticipated increase in meat consumption. Meat, constituting animal flesh consumed as food, is rich in B vitamins, iron, and high-quality protein. As a primary source of meat, live animals play a crucial role in meeting the growing demand for meat consumption. The Food and Agriculture Organization (FAO) agriculture report outlook for 2021-2030 indicates a projected increase in global meat consumption per capita, reaching 35.4 kg in retail weight equivalent by 2030. Furthermore, the global consumption of meat proteins is expected to surge by 14% by the same year. This escalating meat consumption is a key driver propelling the growth of the live animal market.

The growth of the live animals market is the increasing prevalence of zoonotic diseases. Zoonotic diseases, caused by pathogens that can spread between animals and humans, pose a significant public health concern. The close interaction between humans and various animals in live animal markets raises the risk of zoonotic disease transmission. According to the Council on Foreign Relations (CFR), up to 75% of newly discovered or emerging infectious diseases and 60% of recognized infectious diseases have zoonotic origins. Zoonoses cause substantial human fatalities and disease episodes globally. The heightened awareness of zoonotic diseases is expected to drive the growth of the live animals market.

Technological innovations represent a notable trend in the live animals market, with major companies focusing on developing advanced solutions to strengthen their market positions. For instance, Elanco Animal Health Inc. and Ginkgo Bioworks launched BiomEdit, a new animal health company leveraging microbiome technology. BiomEdit aims to discover, develop, and introduce innovative products such as probiotics, bioactive compounds, tailored microbial medications, and microbial monitoring services for animal health.

Major companies in the live animals market are introducing innovative treatment solutions, including monoclonal antibodies, to address deadly diseases in live animals. Elanco Animal Health Inc. introduced the Canine Parvovirus Monoclonal Antibody, a groundbreaking treatment for canine parvovirus, providing a potential alternative to supportive care alone. Monoclonal antibodies are a significant advancement in veterinary medicine, offering effective treatment options for various clinical indications.

In February 2021, Merck Animal Health acquired Poultry Sense Limited, a UK-based provider of technology for assessing and tracking the overall health of poultry. This strategic acquisition enhances Merck's capabilities in livestock monitoring, expanding its technologies in poultry farming and strengthening its position in the broader animal health sector.

Major companies operating in the live animals market report are Cargill Incorporated, Tyson Foods Inc., Koch Foods Inc., Smithfield Foods Inc., National Beef Packing Company LLC, Perdue Farms Inc., Allanasons Private Limited, New Hope Group Co. Ltd., Charoen Pokphand Group Company Ltd., Land O'Lakes Inc., Wellhope Foods Co. Ltd., Plukon Food Group BV, JBS SA, Hormel Foods Corporation, American Foods Group LLC, Neogen Corporation, Genus plc, Urus. Org, EW Group Gmbh, Groupe Grimaud SA, Elanco Animal Health Inc., Ginkgo Bioworks Inc., Tonnies Holding GmbH & Co KG, Westfleisch eG, Vion Food Group Ltd., Heinrich Muller GmbH & Co. KG, Danish Crown A/S, Marfrig Global Foods SA, Sanderson Farms Inc., Guangdong Wens Foodstuff Group Co. Ltd., Beijing Dabeinong Technology Group Co. Ltd., Muyuan Foods Co. Ltd

Asia-Pacific was the largest region in the live animals market in 2023. The regions covered in the live animals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the live animals market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The live animals market consists of sales of livestock and production animals, slaughtering animals and pets. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.