Any breed of animal raised for a commercial purpose is considered livestock. Domestic, semi-domestic, and wild animals all fall under this category. Livestock has long been used as a source of labor, and this practice continues in emerging economies. Animals’ strength has been crucial in the development of many technologies. The main drivers of ruminant meat consumption per capita are income per capita and natural endowment variables. Western culture, Muslim faith, female labor engagement, economic and social globalization, and meat prices are among the other growth factors. However, lack of grazing land, diseases and parasites, insufficient veterinary services, and indigenous cattle’s low milk production capacity impedes the growth of the market over the forecast period of 2021-2027. Also, meat by-products are a great source of high-quality protein. The meat industry would be more sustainable if meat co-products are better used. Protein recovery can be done using both conventional and new technologies in livestock management and meat extraction is likely to increase the market growth during the forecast period.
The global Livestock and meat Market is valued at approximately USD 4.1 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 15.9% over the forecast period 2021-2027 and is estimated to reach USD 11.5 billion by 2027.
The regional analysis of the Global Livestock and meat Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and the Rest of the World is the leading/significant region across the world in terms of market share owing to the growing geriatric population and promptness & affordability of urgent care services coupled with the well-established healthcare infrastructure. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2021-2027. Factors such as growing interest in high-quality protein sources, and growth in middle-class income would create lucrative growth prospects for the Urgent Care Centers market across the Asia-Pacific region.
Major market players included in this report are DeLaval Inc, GEA Group Aktiengesellschaft, Afimilk Ltd., Sensaphone, BouMatic, MSD Animal Health, Dairymaster, Fancom BV, Lely, and Fullwood Packo
The detailed segments and sub-segment of the market are explained below:
By Animal type: Cattle, Poultry, Swine, Equine, Others
By Application: Milk Harvesting, Breeding Management, Feeding Management, Animal Health Monitoring & Comfort
To review the mentioned report, visit https://www.bizwitresearch.com/
Data drives better decisions
Bizwit Research & Consulting LLP