Key regions: United Kingdom, Germany, United States, Spain, Italy
The Other Livestock Products market in Asia has been experiencing steady growth in recent years.
Customer preferences: Consumers in Asia are increasingly looking for alternative sources of protein, which has led to a rise in demand for Other Livestock Products such as goat meat, duck meat, and rabbit meat. These meats are seen as healthier options compared to traditional meats like beef and pork, and are also considered to be more environmentally sustainable.
Trends in the market: China is the largest market for Other Livestock Products in Asia, with a significant portion of the population consuming these meats on a regular basis. The country has also been increasing its imports of these products, particularly from countries like Australia and New Zealand. In addition, there has been a growing trend of small-scale farmers and producers entering the market to meet the increasing demand for these products.In India, there has been a rise in demand for goat meat, which is a popular choice for religious festivals and celebrations. This has led to an increase in the number of goat farms in the country, with many farmers now specializing in goat rearing.In Southeast Asia, duck meat is a popular choice, particularly in countries like Vietnam and Thailand. These countries have a long history of duck farming and have developed unique recipes and cooking techniques to prepare duck meat.
Local special circumstances: One of the challenges facing the Other Livestock Products market in Asia is the lack of standardization in terms of production and quality. Many small-scale producers operate independently, which can lead to variations in the quality of the products. In addition, there are also concerns around food safety and hygiene, particularly in countries where regulations are not as stringent.
Underlying macroeconomic factors: The growth of the Other Livestock Products market in Asia can be attributed to a combination of factors, including rising incomes, changing consumer preferences, and increasing awareness around the environmental impact of traditional meat production. In addition, the growing popularity of these meats has also been driven by the rise of the middle class in Asia, who are willing to pay a premium for high-quality, healthy, and sustainable food products.
Data coverage:
The data encompasses B2B. Figures are based on the value of gross production in the agriculture market, which values of production are calculated by multiplying gross production by output prices at the farm gate.Modeling approach:
Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use resources from the Statista platform as well as annual financial reports of the market-leading companies and industry associations, third-party studies and reports, national statistical offices, international institutions, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting agriculture products due to the non-linear growth of this market, especially because of the direct impact of climate change on the market.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.
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