US Livestock Market (2024-2030) | Outlook, Forecast, Size, Share, Trends, Growth, Revenue, Analysis, Companies, Industry & Value

Market Forecast By Animal Type (Ruminants, Poultry, Swine, Aquaculture) And Competitive Landscape

Product Code: ETC386941	Publication Date: Aug 2022	Updated Date: Jan 2024	Product Type: Market Research Report
Publisher: 6Wresearch	No. of Pages: 70	No. of Figures: 35	No. of Tables: 5

US Livestock Market Highlights

Report Name	US Livestock Market
Forecast period	2024-2030
CAGR	9.4%
Growing Sector	Agriculture

Topics Covered in the US Livestock Market Report

The US Livestock market report thoroughly covers the market by animal type and competitive Landscape. The report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

US Livestock Market Synopsis

The US livestock market consists of beef, dairy, pork, and poultry farming, with each industry operating independently. Further, the US is a significant exporter of beef, pork, and chicken, with the majority of the produce being shipped to Asian and European countries. Additionally, the consumer demand plays a crucial role in shaping the livestock market trends in the US. In recent years, consumers have shown an increased focus on animal welfare, sustainability, and natural/clean-label products. As a result, the livestock industry has seen a shift towards technologies that reduce environmental impact, including organic and grass-fed farming. Additionally, new technologies such as genetic engineering, automation, and artificial intelligence have helped farmers streamline their operations, reduce production costs, and increase yields and efficiency. However, despite growing demand and new technology growth, the US livestock industry faces several challenges that impact the industry's profitability and sustainability. The COVID-19 pandemic has had a significant impact on the supply chain, leading to market disruption and an increased demand for locally sourced food. Additionally, the rising cost of feed, veterinary care, and power has put pressure on farmers. Another significant challenge facing the industry is animal welfare issues, leaving farmers defending their practices.

According to 6Wresearch, US Livestock market size is projected to grow at a CAGR of 9.4% during 2024-2030. The market growth is driven by a combination of population growth, changing consumer preferences, technological advancements, export markets, and government policies. Further, one of the most significant drivers of growth in the US livestock market is population growth. As the population grows, the demand for meat and other livestock products increases, leading to an increase in livestock farming. The US is projected to have a population of over 400 million by 2050, which will further drive up demand for meat products. Moreover, changing consumer preferences are another major driver of growth in the US livestock market. The demand for meat products has shifted over the past few years, with consumers trending towards healthier diets. This shift in demand has led to an increase in livestock farming for organic and grass-fed meats, which are considered to be healthier than traditionally farmed meats.

Government Initiatives Introduced in the US Livestock Market

The livestock market is heavily reliant on international trade, and trade disputes have had a negative impact on the industry. The government has made efforts to help alleviate the impact of these disputes. For instance, in 2020, the U.S. Trade Representative signed the USMCA agreement, which resolved the trade dispute between the U.S., Canada, and Mexico. The agreement made modifications to the original NAFTA, with the goal of increasing fair trade for agricultural products, including livestock. Further, these initiatives have advanced the US Livestock Market Share. Moreover, livestock farming can have an impact on the environment, especially soil and water quality. The Livestock Indemnity Program is an initiative that provides aid to livestock producers for certain losses caused by natural disasters, including floods and droughts. The Environmental Quality Incentives Program (EQIP) is another initiative aimed at promoting the conservation and management of natural resources. EQIP has helped many livestock producers adopt more environmentally-friendly farming practices.

Key Players in the US Livestock Market

Livestock suppliers are another key player in the US livestock market. They play a crucial role in connecting farmers and processors with the necessary feed and supplies required to raise and produce animals. Livestock suppliers provide a variety of products to the livestock industry, from feed and medicine to equipment and chemicals, among others. Some of the largest livestock suppliers in the US include Cargill, ADM Animal Nutrition, and Nutreco, among others. In addition, the firms’ clutch huge US Livestock Market Revenues. Moreover, the retailers play an essential role in connecting the various players in the livestock industry to consumers, who are the end-users. The retailers operate grocery stores, restaurants, and other foodservice establishments that sell meat and other animal products. They work with processors, suppliers, and farmers to ensure that consumers have access to high-quality, safe, and affordable products

Future Insights of the US Livestock Market

The future outlook for the US livestock market remains ambiguous. The market will continue to be buoyed by the growing demand for meat and animal products globally, particularly from emerging economies. However, this industry will also face a lot of challenges from the adverse impacts of climate change, animal diseases, and outdated or slow technology. The change in consumer preferences towards plant-based and lab-grown alternatives will also impact the demand for traditional meat products. Nevertheless, the livestock industry will continue to adapt and adopt new technologies such as precision agriculture, genetic selection, and data analysis to remain competitive.

Market Analysis by Animal Type

According to Ravi Bhandari, Research Head, 6Wresearch, the US is proud to have a thriving livestock market across many animal types, but particularly ruminants, poultry, and swine. Livestock farming has been an essential part of the American economy for generations, with millions of Americans employed through the production, processing, and distribution of livestock products. Further, America is one of the largest producers of beef globally, with majority of its production concentrated in Midwestern states such as Texas, Colorado, Nebraska and Kansas. Cattle production provides jobs for millions of people at every stage of the process, from farmers and ranchers to meat processors, distributors and retailers. While the market typically fluctuates depending on influences such as weather, disease and economic trends, it continues to be a very lucrative and vital part of the US economy.

Market Analysis by Application

Agriculture has always been an essential part of the American economy, and its livestock industry represents one of its most significant sectors. Further, the science of biotechnology has been harnessed to introduce features such as heat tolerance and disease resistance in livestock. This genetic engineering can speed up the breeding process, wherein farmers can create new animal breeds suitable for their unique geographical conditions. By using biotechnological advancements, farmers can maintain healthier herds and lower mortality rates. These tools have been a breakthrough in the US livestock market enabling farmers to meet the demand for high-quality meat products.

Key Attractiveness of the Report

10 Years Market Numbers.
Historical Data Starting from 2020 to 2023.
Base Year: 2023.
Forecast Data until 2030.
Key Performance Indicators Impacting the Market.
Major Upcoming Developments and Projects.

Key Highlights of the Report

US Livestock Market Overview
US Livestock Market Outlook
US Livestock Market Forecast
Market Size of US Livestock Market, 2023
Forecast of US Livestock Market, 2030
Historical Data and Forecast of US Livestock Revenues & Volume for the Period 2020-2030
US Livestock Market Trend Evolution
US Livestock Market Drivers and Challenges
US Livestock Price Trends
US Livestock Porter`s Five Forces
US Livestock Industry Life Cycle
Historical Data and Forecast of US Livestock Market Revenues & Volume By Animal Type for the Period 2020-2030
Historical Data and Forecast of US Livestock Market Revenues & Volume By Ruminants for the Period 2020-2030
Historical Data and Forecast of US Livestock Market Revenues & Volume, By Poultry for the Period 2020-2030
Historical Data and Forecast of US Livestock Market Revenues & Volume, By Swine for the Period 2020-2030
Historical Data and Forecast of US Livestock Market Revenues & Volume, By Aquaculture for the Period 2020-2030
US Livestock Import Export Trade Statistics
Market Opportunity Assessment, By Animal Type
US Livestock Top Companies Market Share
US Livestock Competitive Benchmarking, By Technical and Operational Parameters
US Livestock Company Profiles
US Livestock Key Strategic Recommendations