The global livestock industry has always been one to fluctuate and reorganize itself as the demands for animals and pets change significantly over time and region driven by a set of various factors. Developing countries might witness a surge in demand for livestock products due to population growth, while developed countries might experience stagnation in demand. This equilibrium is shaped by variables like population growth, income levels, and urbanization. In developed nations, the demand plateau is met with a strong response from production systems. Efforts are underway to enhance efficiency and bolster environmental sustainability. Here a keen focus on scientific innovation and cutting-edge technology drive the sector forward.
As we take a good look into the future, we’re able to see a landscape defined by competition for natural resources, notably land and water, which determine how many animals can be cared for. The delicate balance between food and feed sources, coupled with the imperative to operate in a carbon-constrained economy, adds layers of complexity to future production scenarios. Continued strides in breeding, nutrition, and animal health provide opportunities to augment production as well as achieve genetic gains.
A looming reality for livestock production is the encroaching influence of carbon constraints and heightened environmental and animal welfare regulations. The industry braces for a paradigm shift in operations and practices to align with these evolving norms. The future demand for livestock products is also poised to be shaped by socio-economic nuances. Human health concerns, evolving socio-cultural values, and a dynamic interplay of factors could significantly moderate the trajectory of this demand on a global scale. Currently, the animals’ industry is one of the fastest-growing agricultural subsectors in developing countries. With its share of agricultural GDP already at 33%, this ascendancy is driven by the surging demand propelled by population growth, urbanization, and rising incomes.