Livestock and Meat Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Livestock and Meat Market is segmented by Animal Type (Ruminants, Poultry, Swine, and Aquaculture) and Geography (North America, Asia-Pacific, Europe, South America, and Africa). The report offers market size and forecast for the Livestock and Meat market in value (USD Thousand) and volume (metric ton) for all the above segments.

Market Snapshot

Livestock and Meat Market Overview
Study Period: 2017-2027
Base Year: 2021
CAGR: 4.5 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The livestock and meat market is projected to register a CAGR of 4.5% during the forecast period (2022-2027).

The immediate impact of COVID-19 was a wave of panic buying by the public. A sudden increase was observed in the sales of dairy, eggs, and meat due to an increase in meals being prepared at home, with schools, workplaces, and restaurants closed. This has made it difficult for the livestock companies to cater to the increasing demand due to disruptions in the supply chain. Clusters of cases among workers in meat processing plants evolved quickly to affect the human, animal, and environmental welfare in several countries leading to the shutdown of plants, and the effects are observed down the food chain. Thus, COVID-19 had a negative impact on the market studied. The highest growth in meat consumption is expected from the Asia-Pacific and Latin American regions because of changing diet patterns, urbanization, population, and economic growth. For example, in 2020, the Chinese consumed on average 44.4 kilograms of meat per person, a decrease from around 45.7 kilograms the year before. The worldwide economic downturn has had a very limited effect on the global meat market, which has maintained its positive outlook. Globally, increasing population trends are also supporting the growth of the world's meat and seafood market. Limited availability of land and water resources for animal feed production and increasing use of these resources for food are increasing the demand for animal feed in the global meat industry. Countries such as India, China, Brazil, and Russia are among the world’s fastest-growing economies; a rise in per capita income is expected to shift dietary preferences toward protein-rich diets. However, meat consumption patterns are expected to remain significantly different in various parts of the world because of cultural, religious, and other consumer preference factors in different countries. Environmental regulations surrounding the global compound feed industry, and strict regulations on a few feed additives, like antibiotics, are acting as challenges to the compound feed market, thereby affecting the livestock industry.

Scope of the Report

The livestock and meat market is segmented by animal type (ruminants, poultry, swine, and aquaculture) and Geography (North America, Asia-Pacific, Europe, South America, and Africa). The report offers market size and forecast for the livestock and meat market in value (USD Thousand) and volume (metric ton) for all the above segments.

Animal Type
Ruminants
Poultry
Swine
Aquaculture
Geography
North America
United Sates
Canada
Mexico
Rest of North America
Europe
United Kingdom
Germany
Denmark
Spain
Italy
France
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Thailand
Indonesia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Africa
South Africa
Rest of Africa

Report scope can be customized per your requirements. Click here.

Key Market Trends

Increasing Demand for Animal Proteins

According to the WHO, the annual meat production is projected to increase from 218.0 million metric ton in 1997-1999 to 376.0 million metric ton by 2030. This is due to the growing demand for protein-rich food, primarily driven by the rise in health consciousness among consumers globally.​ The increase in the demand for animal protein, along with the growing consumer preference for low-fat and high-protein diets, has led to a remarkable rise in the consumption of animal protein across the world. This trend has been driven by the influence of western cuisines across Africa, Asia-Pacific, and especially the Middle East. In 2015, exporters in Malaysia focused on expanding their processed food product line-up, in order to address the inadequacy of offerings in the international halal meat market. ​ The growing consumption of processed poultry and pork meat is expected to drive the global demand for livestock and the meat industry.

global meat consumption

Asia- Pacific is Leading the Market

Asia-Pacific, in particular China, is registering high growth in the global livestock and meat industry. This is due to changes in the dietary patterns of Chinese consumers since lifestyles have gradually become more rapid pace. On top of that, disposable incomes have risen. Consumption of processed meat has been steadily increasing, in line with growth in income which drives the meat market in the country. China's demand for food and meat continues to rise in terms of both quantity and quality. With local meat supplies limited by land, feed, water, and supply chain issues, China has to import a significant proportion of the meat from Australia, Brazil, Uruguay, and Argentina.​ With increasing modernization and urbanization across China, demand for western-influenced low-temperature meat products, such as bacon and ham products, drives the meat market. In 2020, China consumed on average 44.4 kilograms of meat per person. China accounts for 49% of the global pork consumption, consuming 28% of the world’s meat supply, which is way ahead of Europe and the United States with 21 and 9.7 million metric tons, respectively. Hence, the consumption demand from China is anticipated to drive the growth of the livestock and meat industry.

global livestock and meat market

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

  5. 5. MARKET SEGMENTATION

    1. 5.1 Animal Type

      1. 5.1.1 Ruminants

      2. 5.1.2 Poultry

      3. 5.1.3 Swine

      4. 5.1.4 Aquaculture

    2. 5.2 Geography

      1. 5.2.1 North America

        1. 5.2.1.1 United Sates

        2. 5.2.1.2 Canada

        3. 5.2.1.3 Mexico

        4. 5.2.1.4 Rest of North America

      2. 5.2.2 Europe

        1. 5.2.2.1 United Kingdom

        2. 5.2.2.2 Germany

        3. 5.2.2.3 Denmark

        4. 5.2.2.4 Spain

        5. 5.2.2.5 Italy

        6. 5.2.2.6 France

        7. 5.2.2.7 Russia

        8. 5.2.2.8 Rest of Europe

      3. 5.2.3 Asia-Pacific

        1. 5.2.3.1 China

        2. 5.2.3.2 Japan

        3. 5.2.3.3 India

        4. 5.2.3.4 Australia

        5. 5.2.3.5 Thailand

        6. 5.2.3.6 Indonesia

        7. 5.2.3.7 Rest of Asia-Pacific

      4. 5.2.4 South America

        1. 5.2.4.1 Brazil

        2. 5.2.4.2 Argentina

        3. 5.2.4.3 Rest of South America

      5. 5.2.5 Africa

        1. 5.2.5.1 South Africa

        2. 5.2.5.2 Rest of Africa

  6. 6. MARKET OPPORTUNITIES AND FUTURE TRENDS

  7. 7. AN ASSESSMENT OF THE COVID-19 IMPACT ON THE MARKET

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Livestock and Meat Market market is studied from 2017 - 2027.

The Livestock and Meat Market is growing at a CAGR of 4.5% over the next 5 years.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!