Store - Cattle And Buffaloes
The global cattle and buffalo industry is forecast to grow at a CAGR of 3.5% during the period 2020–2030. The market was valued at $365.6 billion in 2019 and is projected to reach $481.4 billion by 2030. Cattle and buffaloes are commonly used for meat production, as well as for their hides, which are used to make leather products. The dairy industry is also a major user of these animals, as they are used to produce milk and other dairy products. The Asia-Pacific region is the largest market for cattle and buffaloes, accounting for 37.8% of the global market in 2019. This is followed by Latin America (22.9%), North America (17%), Europe (16%), and the Middle East & Africa (5.3%).
The global cattle and buffaloes industry is driven by factors such as increasing demand for beef, rising population, and improving economic conditions in emerging markets. However, the industry faces challenges such as disease outbreaks, animal welfare concerns, and environmental regulations.
The different types of cattle and buffaloes
There are two main types of cattle - domestic cattle and wild cattle. Wild cattle include bison, elk, and yak. Bison are the largest and heaviest animals in the cattle family. Elk are the second largest, followed by yak. Yak are the smallest and lightest of the three.
Domestic cattle are further divided into two categories - dairy cattle and beef cattle. Dairy cattle are used for milk production, while beef cattle are used for meat production. There is also a third category of domestic cattle- dual-purpose breeds, which are used for both milk and meat production.
Of the two main types of buffaloes, water buffaloes are the larger and more popular type. They are found in southern Asia, China, and parts of Africa. River buffaloes are smaller and less popular than water buffaloes. They are found in parts of Europe, Africa, and South America.
The major breeds of cattle and buffaloes
There are many different breeds of cattle and buffaloes in the world, each with its unique characteristics.
The first major breed in the cattle and buffaloes industry is the Holstein cow. Holstein cows are known for their black and white spotted coat, and they are widely considered to be the best dairy cows in the world. They are very productive, yielding large amounts of milk each day, and they are also known for being calm and easy to handle.
Another major player in the cattle and buffaloes industry is the Angus breed. Angus cattle are beef cattle that originate from Scotland, and they are characterized by their black coat. Angus beef is renowned for its flavor and tenderness, making it a popular choice for steaks and other cuts of meat.
Finally, we have the buffalo. Buffalo are large mammals that resemble cows, but they are more closely related to antelopes. They are native to Africa and Asia, and they have been domesticated for centuries. Buffalo meat is high in protein and low in fat, making it a healthy option for those looking for an alternative to beef.
The global beef market
The global market for beef is expected to grow in the coming years as the demand for meat products increases. The major producers of beef are Brazil, Australia, and the United States. These countries accounted for more than 50% of the world's production. The global beef trade was worth $16.6 billion in 2016 and is expected to grow to $17.8 billion by 2022, at a CAGR of 1.5%.
The major importers of beef are Japan, the European Union, and the United States. These countries imported beef worth $5.4 billion, $3.9 billion, and $3.1 billion respectively in 2016. The major exporters of beef are Brazil, India, and Australia. These countries exported beef worth $2.9 billion, $1 billion, and $0.7 billion respectively in 2016.
The increasing demand for halal meat products is a major trend affecting the global beef market positively. The halal food market is expected to reach $1 trillion by 2030 from its current value of $600 billion globally. This presents a huge opportunity for Muslim countries like Brazil and India which have a large share of the Muslim population and are among the leading exporters of beef globally.
Another trend driving the growth of the global beef market is the growing preference for grass-fed beef among consumers who are increasingly becoming health conscious. Grass-fed beef is leaner and has higher levels of omega-3 fatty acids and vitamins than grain-fed beef. It is also free from hormones and antibiotics. The United States is the largest producer of grass-fed beef in the world.
The global beef market is expected to be restrained by the outbreak of diseases such as mad cow disease and foot-and-mouth disease. These diseases can cause economic losses to farmers as well as lead to bans on exports from countries affected by them.
The major players in the global beef market are JBS, Tyson Foods, Cargill, NH Foods, Vion Food Group, Marfrig Global Foods, Minerva Foods, and Teys Australia.
The global market for dairy products
The global market for dairy products is expected to reach $847.7 billion by 2025, growing at a CAGR of 5.0% during the forecast period (2020 - 2025). The Asia-Pacific region is projected to witness the highest growth, due to the increasing population and rising income levels.
The dairy products market is driven by several factors, such as the growing population and rising income levels. The Asia-Pacific region is the largest market for dairy products, followed by Europe and North America. The high growth in the Asia-Pacific region can be attributed to the increasing population and rising income levels. In addition, the changing lifestyle and dietary habits of people are also driving the growth of this market.
The global market for dairy products is segmented by product type into milk, cheese, butter, yogurt, ice cream, and others. Among these product types, milk held the largest share in 2018 and is expected to grow at a CAGR of 4.9% during the forecast period (2020 - 2025). Cheese is another major product type that is expected to grow at a CAGR of 5.5% during 2020 - 2025. The other product types include butter, yogurt, and ice cream, among others.
The global market for dairy products is also segmented by distribution channel into supermarkets & hypermarkets, convenience stores, online channels, and others (specialty stores & discounters). Among these distribution channels, supermarket & hypermarket holds a significant share of the market and is expected to grow at a CAGR of 4.8% during the forecast period. The online channel is also expected to grow at a CAGR of 10.0% during 2020 - 2025, due to the growing popularity of online grocery shopping and the increasing number of internet users.
The key players operating in the global market for dairy products include Arla Foods, Danone, Fonterra, Lactalis, Nestle, and Unilever.
Future trends in the industry
The cattle and buffaloes industry is forecast to grow in the coming years, driven by increasing demand for meat and dairy products. The industry will continue to be supported by government policies that encourage livestock production.
The growth of the global population will continue to drive demand for meat and dairy products, which will support the expansion of the cattle and buffaloes industry.
In developed countries, such as the United States, beef consumption is projected to remain stable or decline slightly due to health concerns and changing preferences. However, demand for other meat products, such as chicken and pork, is expected to grow. This will create opportunities for producers of these meats to expand their operations and capture market share from the cattle and buffaloes industry.
In developing countries, economic growth is expected to lead to increases in per capita income and demand for livestock products. China and India are projected to be the largest markets for beef, accounting for more than 30% of global consumption in 2020. Brazil, Indonesia, and Pakistan are also expected to see significant increases in demand for beef over the next few years.
The increase in global demand for livestock products will require additional supplies of feed grains, such as corn and soybeans. The price of these commodities is therefore expected to rise in the coming years. This will put pressure on margins within the cattle and buffaloes industry and may lead to consolidation among producers.
This report provides an in-depth analysis of the beef market in Asia-Pacific.
This report provides an in-depth analysis of the beef market in Europe.
This report provides an in-depth analysis of the beef market in CIS.
This report provides an in-depth analysis of the beef market in Asia.
This report provides an in-depth analysis of the beef market in Australia and Oceania.
This report provides an in-depth analysis of the beef market in Latin America and the Caribbean.
This report provides an in-depth analysis of the beef market in Northern America.
This report provides an in-depth analysis of the beef market in Africa.
This report provides an in-depth analysis of the beef market in MENA.
This report provides an in-depth analysis of the beef market in Central Asia.