The import of live animals, excluding farm animals, to the US is forecasted to grow steadily from 2024 to 2028. The forecasted values display a consistent year-on-year increase observed over this period. As of 2023, the base year, imports were valued at $211.31 million, and the upcoming years show a calculated CAGR of approximately 1.8% over the five-year span. This trend suggests a stable and moderate growth in the market, reflecting steady demand and possibly favorable regulations or trade conditions.
Future trends to watch for in this sector include:
- Changes in import regulations impacting sourcing countries and allowable species.
- Climate change effects influencing biodiversity demand and market dynamics.
- Potential shifts in consumer preference towards exotic pets driving demand growth.