The global livestock monitoring market was valued at USD 4.01 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 11.56% from 2024 to 2030. Several factors are expected to drive this growth, including technological innovations, increasing support from government and industry initiatives, heightened focus on preventive livestock health management, and rising global consumption of dairy and meat products.

Key Drivers of Market Growth

Technological Advancements

The primary driver of the livestock monitoring market is the rapid pace of technological advancement in the sector. Innovations such as hands-free monitoring systems, the integration of automated technologies, and the adoption of Artificial Intelligence (AI) are significantly enhancing the ability to monitor animal health. Technologies like drones and infrared sensors are increasingly being used to monitor livestock in real time, allowing for more accurate and timely interventions. A notable example is the launch of an AI-based system by Advantech Co. Ltd. in April 2023, designed to detect health issues in livestock early. The system uses AI and infrared imaging to monitor the body temperature of cows, enabling early detection of potential health complications before they become critical.

Government and Industry Support Initiatives

In addition to technological advances, the market is benefiting from growing government and industry support initiatives aimed at improving livestock health monitoring. For instance, in April 2024, the Government of Punjab, India, partnered with Brazilian experts to curb livestock diseases. This collaboration focuses on monitoring and studying disease occurrences among livestock, aiming to develop prevention and management plans to prevent outbreaks. The partnership also explores joint efforts in vaccine development and the production of veterinary medicines, which is expected to improve the overall effectiveness of disease prevention in the region.

Gather more insights about the market drivers, restrains and growth of the Livestock Monitoring Market

Regional Market Insights

North America:

North America, particularly the U.S., dominated the global livestock monitoring market, holding a 28.5% share in 2023. This dominance is driven by the increasing demand for technology to monitor livestock health, particularly in response to the growing prevalence of zoonotic diseases. According to the National Beef Wire, the U.S. accounted for 18.0% of global bovine meat production in 2023, making it the world's largest producer. The need to prevent foodborne illnesses and zoonotic diseases, coupled with advancements in sensor technology, is fueling the market's growth in this region.

US:

The U.S. livestock monitoring market is expanding due to increasing spending on animal healthcare and the rising adoption of monitoring equipment across the agricultural sector. The U.S. Department of Agriculture (USDA) reported a 15.2% increase in farm production expenditure, from USD 392.9 billion in 2021 to USD 457.2 billion in 2022. The growing demand for milk production, particularly as global populations in developing countries are expected to double by 2050, further fuels the need for enhanced livestock monitoring in the U.S. According to the International Service for the Acquisition of Agri-biotech Applications (ISAAA), meat and milk demand is projected to double by mid-century, providing significant long-term growth potential for the market.

Europe:

The European livestock monitoring market is expected to grow steadily, driven by supportive trade agreements like those facilitated by the European Free Trade Association (EFTA), which includes countries like Liechtenstein, Iceland, Norway, and Switzerland. These agreements have promoted trade between nations, creating new opportunities for market expansion.

Germany:

Germany is the largest market for livestock monitoring in Europe, with the country hosting the highest dairy cow population in the region, accounting for approximately 17% of Europe's total. In addition, over 50,000 agricultural holdings in Germany are involved in dairy farming, and about 50% of the farms specialize in livestock production. As a result, demand for livestock monitoring solutions is rising in Germany, driven by the need for efficient livestock management and disease prevention.

Europe:

As European consumers become more health-conscious and environmentally aware, dairy consumption is on the rise. In Germany, approximately 2.6 million people—3.2% of the population—identify as vegans, as reported by The Vegan Society in 2023. However, despite the rise in plant-based diets, demand for dairy products remains robust, particularly in regions where they are integral to meeting calcium and protein requirements. This has spurred growth in the demand for dairy cattle and consequently the livestock monitoring market.

Asia Pacific:

The Asia Pacific region is expected to experience the highest growth rate over the forecast period. The rapid urbanization of metropolitan areas, increased disposable income, and rising demand for animal-derived food products are contributing factors to this growth. The region has been a key player in global livestock production for over a century, and its dominant cattle populations—especially in countries like China and India, where over 30% of the world’s cattle are located—are driving the demand for livestock monitoring systems.

India:

India is expected to be one of the fastest-growing markets for livestock monitoring in the Asia Pacific region. The Indian government is increasingly involved in promoting livestock health through advanced monitoring practices. For instance, in March 2024, India’s Prime Minister launched a digital platform called "Bharat Pashudhan" to improve the traceability of livestock across the country. This initiative is expected to enhance the monitoring of animal health and welfare, contributing to the growth of the livestock monitoring market in India.

Latin America:

The Latin American market is expected to continue growing throughout the forecast period, driven by the high prevalence of livestock diseases and the growing demand for monitoring equipment. Government initiatives to improve animal health are further boosting the market. In particular, Brazil, the largest economy in Latin America, is seeing significant growth in the livestock monitoring sector.

Brazil:

Brazil's market growth is fueled by its large cattle herd, which ranks as the second-largest in the world with approximately 192 million head of cattle as of 2024, according to USDA data. Brazil is also the world’s largest exporter of beef, and the increased focus on animal health and disease prevention has driven demand for monitoring systems. As one of the largest meat producers globally, Brazil is a key player in the livestock monitoring market, with rising awareness about the importance of health monitoring and the growing need for veterinary medicines.

Middle East & Africa:

The livestock monitoring market in the Middle East and Africa is experiencing growth due to increasing awareness of animal health and rising adoption of livestock monitoring technologies. In particular, Saudi Arabia is witnessing increased adoption of animal health monitoring systems driven by greater awareness among both pet and livestock owners. Government initiatives promoting animal healthcare facilities in the region are also contributing to the market's growth.

South Africa:

In South Africa, the livestock monitoring market is driven by rising livestock production, an increase in zoonotic diseases, and growing concerns about animal health. The country has a diverse livestock population, which includes both highly developed commercial sectors as well as emerging smallholder farms. This dual system has spurred the adoption of livestock monitoring technologies, as both commercial and smallholder farmers seek to improve their productivity and animal welfare. Additionally, initiatives from private companies are further boosting market growth in the country.

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Key Livestock Monitoring Companies:

The following are the leading companies in the livestock monitoring market. These companies collectively hold the largest market share and dictate industry trends.

• Afimilk Ltd.
• DeLaval
• BouMatic
• Merck & Co., Inc. (Allflex)
• Zoetis
• Lely
• Moocall
• GEA Group Aktiengesellschaft
• Fullwood Packo
• Dairymaster
• Fancom BV
• Nysbys
• PsiBorg Technologies Pvt. Ltd
• Boehringer Ingelheim

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