The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Increasing meat consumption is likely to promote innovation in the production of live animals, propelling the market over the forecast period.

The global live animals market is expected to grow from $2,508.18 billion in 2022 to $2,695.56 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The global live animals market size is expected to reach $3,568.36 billion in 2027 at a CAGR of 6.50%.

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 Global live Animals Market Segments Include:

• By Animal Type: Cattle and Buffalo, Pig, Poultry, Sheep and Goat, Other Animals
• By Distribution Channel: Business To Consumers (B2C), Business To Business (B2B)
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global live animals market in 2021.

Major Market Players in the live animals market include 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.

Technological advancements are a crucial trend that is gaining traction in the live animal business. Major players in the live animal market are focusing on developing innovative technology solutions to increase their market position. For example, in April 2022, Elanco Animal Health Inc., a livestock pharmaceutical firm located in the United States, and Ginkgo Bioworks, a biotech company based in the United States, created BiomEdit, a new animal health company based on microbiome technology. It is a firm that expects to find, develop, and introduce new probiotics, bioactive chemicals, personalised microbial treatments, and microbial monitoring services for animal health. BiomEdit’s mission is to identify, develop, and market unique products that address some of the most pressing needs for innovation in the field of animal health, such as medicated feed ingredients, nutritional health, and therapeutics for livestock and pet species, as well as biosecurity technology for monitoring animal disease.

The Live Animals Global Market Report 2023  provides a live animals market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The live animals market forecast analyzes live animals market size, live animals market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

All living things (other than humans) are considered live animals, which include birds, fish, crustaceans, insects, reptiles, worms, and developing eggs. They are classified according to the type of animal they are. These are intended for breeding, milk, meat, and egg production, or labour.

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