Global Livestock Industry
Theglobal livestock industryrefers to theraising of animalsand is part of theagricultural industry.Animals raised for livestock industry purposes include pigs,sheep,cattle,horses and goats.
Industrialization has lead to significant changes within the livestock industry,allowing mass production of animal products to meet the growing needs of an expanding global population.
Livestock Sector Challenges
The livestock industry is coming under increasing pressure due to stronger awareness of environmental issues.With many industries concentrating on reducing their carbon footprint,livestock product producers will also have to meet changing regulations.Industry emissions are mainly from manure handling,feed use and the use of good quality land-to-produce feed.Some solutions to limit environmental damage caused by the global livestock industry include using feeds that boost soil carbon sequestration to limit carbon emissions,using manure to produce bio energy and ensuring better feed conversion.
Livestock Industry Key Segments
Demand for beefhas been rising at a global level due to higher incomes and a preference for beef as a dietary source of protein.Koncept Analytics predicts beef production will continue to rise to meet growing consumption.
Theglobal compound feed marketis central to the livestock industry.Market growth is fuelled by climbing demand for of animal derived products.Human consumption of these products is rising in tandem with the global population and levels of disposable income in developing nations.Compound feed ensures healthy livestock nutrition and boosts livestock performance,reports Transparency Market Research.Technological advances in compound feed manufacturing processes have lead to superior nutritional value and better safety.
Thefeed additives marketinvolves the manufacture of pharmaceutical or nutritional substances for addition to animal feedstuffs to fulfill different functions such as to control disease,boost feed digestibility and promote growth.Markets and Markets reports that the global feed additive market is recording steady growth,fuelled by rising demand for meat and meat products.Increased awareness following outbreaks,such as foot-and-mouth disease and the avian flu,is leading to higher animal consumption of feed additives.The US and the EU dominate as regional markets,and Asia is recording a high rate of market growth.
Livestock Industry Regional Market Share
TheChineselivestock market has become increasingly lucrative due to low supply in sectors such as hog and chicken farming.The prices of broiler chicks and hogs have both broken historical records and remain high,reports CNAGRI.The layer chicken farming market segment is equally recording strong growth,with mutton sheep and beef cattle markets in a period of slow recovery.