Market Size of Livestock and Meat Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 487.46 Billion |
| Market Size (2029) | USD 637.70 Billion |
| CAGR (2024 - 2029) | 5.52 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
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Livestock & Meat Market Analysis
The Livestock and Meat Market size is estimated at USD 487.46 billion in 2024, and is expected to reach USD 637.70 billion by 2029, growing at a CAGR of 5.52% during the forecast period (2024-2029).
The limited availability of land and water resources for animal feed production and the increasing use of these resources for food are boosting the demand for animal feed in the overall 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.
Globally, increasing population trends also support the growth of the world's meat and seafood market. The highest growth in meat consumption is expected from the Asia-Pacific and Latin American regions due to changing diet patterns, higher protein intake, urbanization, population, and economic growth. For instance, according to the OECD Agriculture Statistics 2022 Report, globally, protein availability from poultry, pork, beef, and sheep meat is projected to grow by 16%, 17%, 8%, and 16%, respectively, by 2031.
