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Animal Transportation Market Size, Share, Analysis 2022-28 precisionbusinessinsights.com
The global animal transportation market size was valued at USD 352.0 million in 2021 and is poised to grow at a significant CAGR of 4.3% during the forecast period 2022-28. The increase in the demand for animal protein, along with the growing consumer inclination for a low-fat and high-protein diet, has led to an outstanding rise in the consumption of animal protein across the world. This trend has been driven by the influence of western cuisines across Africa, Asia-Pacific, and especially the Middle East. Moreover, the growing consumption of processed poultry and pork meat is likely to drive the global demand for livestock and the meat industry. Moreover, companies are providing technology advancement services to maintain growth in the market For instance, in January 2020, Delta Airlines introduced an upscale alternative for four-legged animals, a pet carrier that has a GPS tracking system, a built-in water bowl, and a triple locking door which costs around US$ 850. The CarePod crate allows tracking of the pet’s journey which is monitored and supervised by trained experts.
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Transportation by Land Segment is Dominate the Animal Transportation Market
Based on the type, the transportation by land segment is holding largest market share due to new technologies being implemented in the animal logistics business to enhance efficiency and lower shipping costs. One of these technologies is the blockchain logistics system. Blockchain is a distributed ledger system that records transactions between participants in a safe and permanent manner. By sharing databases amongst several parties, blockchain effectively eliminates the need for middlemen who were previously necessary to function as trusted third parties to verify, record, and coordinate transactions. The implementation of blockchain in the animal logistics business will improve the transparency and efficiency of animal transportation. The increased usage of modern technologies will allow for more structured operations in the next years may expected to enhance the market growth in the future.
The global animal transportation market segmentation:
By Type: Transportation by Land, Transportation by Sea, Transportation by Air
By Application: Livestock, Pets, Research Animals, Zoo Animals, Aquarium Animals, Others
Europe Leads Animal Transportation Market
Europe accounted to have the largest share in the global animal transportation market and the market is projected to at a prominent CAGR over the forecast years owing due to the rising population and increasing awareness of health and benefits assisted by animal protein. Moreover, feasible transportation facilities in European countries including Germany, France, Spain, and others coupled with favorable regulations for animal transportation within the Europe region are anticipated to burgeon the growth of the market over the forecast years.
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Key players’ profiles in the animal transportation market report are American Airlines, Lan Cargo S.A, Delta Air Lines, FedEx, Amerijet, United Airlines, Air France, Southwest Airlines, IAG Cargo, DSV, Copa Airlines, Air Asia Group, Japan Airlines, IndiGo.
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1 Comment
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