These are the most profitable animals in the world

Since the dawn of civilization, man’s livelihood has been tied to animals. Some of the most profitable animals in the world today are the same ones that were first domesticated thousands of years ago. However, the full value that animals bring to the world is beyond calculation.

By consulting sources such as Global Food Security and the World Bank, we rank the world’s most profitable animals for you. This can be food for thought for your agribusiness investment decisions, research and development, or even a decision about what kind of animals you would like to raise on your own suburban farm.

24/7 Wall St. Perspectives

• Breeding provides a variety of food and materials to people of all cultures, making them the most profitable animals in the world.
• Some animals play multiple roles that bring tangible and intangible benefits to humanity.

Global livestock market value

• Worldwide, farm animals account for approximately 40% of the total value of global agriculture.
• Livestock farming supports about 1.3 billion people. In some countries, 50% or more of the population earns their livelihood by raising farm animals.
• Livestock has additional non-market value in maintaining crops, kinship relationships, as a source of security or “insurance” against future loss, as an inherited source of wealth, and improving the quality of life in countless other ways.

Sheep and goats ($194 billion)

• Sheep are raised for wool, meat, hides and milk. Goats provide some of the same products, but are more resilient in ecologically marginal areas. This makes them popular among small-scale farmers.
• There are over 1.2 billion sheep in the world and 1 billion goats.
• China, India, Australia and Nigeria are the world leaders in this market segment.

Aquaculture ($290 billion)

• Aquaculture refers to the raising of freshwater or saltwater fish and other edible aquatic animals in captivity, in so-called “fish farms”, for example. Tilapia, carp and shrimp are examples of profitable species raised in captivity.
• Globally, China, Indonesia and India are the main players in aquaculture.

Chicken ($450 billion)

• Chickens are extremely valuable for their meat and eggs. They provide a major source of protein for much of the world.
• Chickens are also a popular form of livestock for people in the suburbs, where regulations allow, because they are small, cheap, and provide a steady supply of eggs that can feed a family for years.
• The United States, China, India and Brazil are the world leaders in the poultry sector.

Pigs ($275 billion)

• Pork is one of the most popular meats in the world. It accounts for approximately 30% of all meat produced from various sources around the world.
• China produces about 40% of the world’s pork, followed by the US, Germany and Brazil.

Cattle ($1.6 trillion)

• Cattle are by far the most valuable form of farmed animal in the world. They are raised for beef, milk, leather and a variety of other products. In some parts of the world, such as India, they are used to pull carts or ploughs.
• Cattle are currently a concern for environmentalists because they are very resource intensive to maintain and their digestive process releases greenhouse gases that contribute to climate change.
• The USA, Brazil and China are the top cattle producers in the world.

Dogs and Cats

• In some parts of the world, cats and dogs are eaten for food, but this is limited and does not represent a major part of their economic value.
• In the United States, dogs and cats are the most popular pets; about 90 million homes have one or both. Pet grooming is a $150 billion industry in the States.
• To fully appreciate the contribution of dogs and cats to the economy, we should consider such things as: protecting homes, animals and people, keeping the population free from vermin, performing roles in the police and military, providing medical alerts and other assistance . persons with disabilities and conducting search and rescue operations.
• Beyond these visible roles, these types of pets improve the quality of life for millions of people as official or de facto emotional support animals to relieve anxiety and depression, a source of entertainment and a catalyst for social bonding between people (cat memes , anyone). ?)

Whether we can quantify their value in money or not, everyone would agree that the world is a much better place for humans with animals in it.

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