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Objective: This review article examines the economic benefits of animal welfare, focusing on how welfare-friendly practices can improve production efficiency and open new market opportunities.
Design/Methodology/Approach: The review draws on a critical analysis of existing literature on animal welfare and its economic impact, considering both the direct and indirect benefits of these practices.
Results: The findings show that animal welfare enhances product quality, lowers long-term costs, and offers competitive advantages in a market increasingly concerned with animal ethics. Effective management also helps prevent economic losses by maximizing the production system’s potential.
Limitations of the Study/Implications: Although implementing animal welfare practices may require upfront investments in infrastructure and management, the long-term benefits include greater profitability and access to new markets. Distinguishing between direct and indirect benefits is therefore essential to maximizing economic returns.
Findings/Conclusions: Prioritizing animal welfare is not only a moral responsibility but also provides significant economic and social benefits. Embedding animal welfare into agricultural strategies can foster a more sustainable and prosperous future for all stakeholders.