The livestock sector is a critical component of the global economy, providing food, raw materials, and livelihoods for millions of people worldwide. It includes the breeding, raising, and management of animals such as cattle, poultry, sheep, and pigs. Livestock farming supports the production of meat, dairy, wool, and leather, essential for food security and industrial use. In 2024, the global livestock market was valued at approximately $1.6 trillion, contributing around 2.3% of global GDP and employing over 1.3 billion people globally, including farmers, workers in processing plants, and those in logistics and distribution.

The sector is projected to grow at a CAGR of 3.2%, reaching $2.5 trillion by 2030, driven by increasing global demand for protein-rich food, especially in emerging economies. Key players in the livestock sector include China, the world’s largest producer and consumer of meat; Brazil, known for its beef production; and the United States, a major producer of pork and poultry. The sector is essential for food production, rural development, and economic growth.