Which is the fastest growing region in Livestock And Meat Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Livestock And Meat Market?

In 2024, the North America accounts for the largest market share in Livestock And Meat Market. Read More

What years does this Livestock And Meat Market cover, and what was the market size in 2023?

In 2023, the Livestock And Meat Market size was estimated at USD 460.55 billion. The report covers the Livestock And Meat Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Livestock And Meat Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Livestock And Meat Market Size

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

Livestock And 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, at a CAGR of 5.52% during the forecast period (2024-2029).

Meat is produced majorly in countries like China, the United States, Brazil, India, Russia, Germany, Mexico, Spain, Argentina, and France. The increasing consumption demand stems from higher disposable income, a growing preference for protein-rich food, and supportive government initiatives across various countries. According to the U.S. Bureau of Economic Analysis, the disposable personal income in the United States increased from USD 19.2 thousand in 2022 to USD 21.9 thousand in 2024, showing a 14% growth. This increase has enhanced the meat purchasing power of U.S. consumers.

The global expansion of fast-food chains, restaurants, and ready-to-eat meal options continues to drive meat consumption. Developing countries like India are witnessing significant restaurant growth, both locally and internationally. For example, Curefoods launched its first Sharief Bhai outlet in Dubai in 2023, marking its international expansion. Furthermore, European countries' meat imports are increasing due to their cold climate conditions. According to the ITC Trade Map, Italy's beef import volume reached 322,173 metric tons in 2023, up from 311,148 metric tons in the previous year. These factors indicate continued market growth during the forecast period.

Livestock And Meat Industry Segmentation

Meat comprises the edible portions of animals, primarily from domesticated cattle, swine, and sheep. These portions include muscles, fat, tendons, and ligaments. The meat market is segmented into two main categories based on livestock activity and geography. The Global Livestock & Meat Market is Segmented by Livestock Activity (Live Animals Trade, Edible Meat, Meat Byproducts, and Livestock Products) and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). The Report Offers Market Size and Forecast for the Livestock and Meat Market in Value (USD) and Volume (metric Tons) for all the Above Segments.

Livestock Activity

Live Animals Trade

Edible Meat
	Beef
	Poultry
	Pork
	Mutton
	Other Edible Meat

Meat Byproducts
	Meat Offal
	Fats

Livestock Products
	Raw Milk
	Eggs
	Natural Honey
	Beeswax
	Wool
	Raw Hides and Skin

Geography

North America
	United States
	Canada
	Mexico
	Rest of North America

Europe
	Germany
	United Kingdom
	France
	Spain
	Russia
	Italy
	Rest of Europe

Asia-Pacific
	China
	India
	Australia
	Japan
	Rest of Asia-Pacific

South America
	Brazil
	Argentina
	Rest of South America

Middle-East and Africa
	Saudi Arabia
	South Africa
	Rest of Middle-East and Africa

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Livestock And Meat Market Size Summary

The meat industry is poised for significant growth over the forecast period, driven by increasing global demand for protein-rich diets. This demand is fueled by rising per capita incomes and changing dietary preferences, particularly in rapidly developing economies such as India, China, Brazil, and Russia. The industry's expansion is supported by urbanization and economic growth, which are shifting consumer preferences towards higher protein intake. However, meat consumption patterns vary widely across different regions due to cultural and religious factors, influencing the types of meat consumed. The Asia-Pacific and Latin American regions are expected to see the highest growth in meat consumption, with poultry meat playing a central role due to its favorable production characteristics and adaptability to market demands.

The global meat production landscape is also evolving, with significant contributions from China, the United States, the European Union, Brazil, and Russia. The consolidation of production units and the integration of more efficient systems are facilitating livestock expansion, particularly in emerging markets. China's meat industry is experiencing rapid growth, driven by increased demand for both quantity and quality, necessitating substantial imports to meet domestic needs. The country's modernization and urbanization trends are further propelling the market for western-influenced meat products. Additionally, sheep meat production is expected to rise in Asia and Africa, with countries like China, India, and Pakistan leading the charge. Despite challenges such as urbanization and resource limitations, the adaptability of sheep and goats in extensive production systems supports their continued growth in these regions.

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Livestock And Meat Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Market Overview
2. 1.2 Market Drivers
  1. 1.2.1 Increasing Demand for Animal Protein
  2. 1.2.2 Rising Exports of Meat
  3. 1.2.3 Government Initiatives are Boosting Meat Production
3. 1.3 Market Restraints
  1. 1.3.1 Disease Outbreaks Limiting Meat Consumption
  2. 1.3.2 Regulatory Challenges in Meat Trade
4. 1.4 Value Chain of Livestock and Meat Industry
2. MARKET SEGMENTATION
1. 2.1 Livestock Activity
  1. 2.1.1 Live Animals Trade
  2. 2.1.2 Edible Meat
    1. 2.1.2.1 Beef
    2. 2.1.2.2 Poultry
    3. 2.1.2.3 Pork
    4. 2.1.2.4 Mutton
    5. 2.1.2.5 Other Edible Meat
  3. 2.1.3 Meat Byproducts
    1. 2.1.3.1 Meat Offal
    2. 2.1.3.2 Fats
  4. 2.1.4 Livestock Products
    1. 2.1.4.1 Raw Milk
    2. 2.1.4.2 Eggs
    3. 2.1.4.3 Natural Honey
    4. 2.1.4.4 Beeswax
    5. 2.1.4.5 Wool
    6. 2.1.4.6 Raw Hides and Skin
2. 2.2 Geography
  1. 2.2.1 North America
    1. 2.2.1.1 United States
    2. 2.2.1.2 Canada
    3. 2.2.1.3 Mexico
    4. 2.2.1.4 Rest of North America
  2. 2.2.2 Europe
    1. 2.2.2.1 Germany
    2. 2.2.2.2 United Kingdom
    3. 2.2.2.3 France
    4. 2.2.2.4 Spain
    5. 2.2.2.5 Russia
    6. 2.2.2.6 Italy
    7. 2.2.2.7 Rest of Europe
  3. 2.2.3 Asia-Pacific
    1. 2.2.3.1 China
    2. 2.2.3.2 India
    3. 2.2.3.3 Australia
    4. 2.2.3.4 Japan
    5. 2.2.3.5 Rest of Asia-Pacific
  4. 2.2.4 South America
    1. 2.2.4.1 Brazil
    2. 2.2.4.2 Argentina
    3. 2.2.4.3 Rest of South America
  5. 2.2.5 Middle-East and Africa
    1. 2.2.5.1 Saudi Arabia
    2. 2.2.5.2 South Africa
    3. 2.2.5.3 Rest of Middle-East and Africa