Raising of Animals in Ireland - Industry Market Research Report

Bigger herd: Higher levels of demand as the Irish economy reopens is expected to cause industry revenue to rise

The Raising of Animals industry has expanded strongly over the past few years, supported by growing liquid milk and meat consumption, which boosted demand from processors. The number of animals raised for domestic and foreign downstream markets rose steadily in line with rising disposable incomes, further boosting sales. Industry revenue is set to grow at a compound annual rate of 3.4% over the five years through 2023, including forecast growth of 4.5% in 2023, to reach €21 billion. Farmers in the industry raise, breed and sell animals, including cattle for meat and milk production, sheep, pigs and poultry. The industry also includes egg production on poultry farms. Raising of horses is not included in the industry. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.