TOKYO, June 13, 2022 (GLOBE NEWSWIRE) — The world Livestock Monitoring Market Size is expected to grow at a CAGR of over 11% over the forecast period and reach a market value of approximately US$4,300 million by 2030.
As the world’s population grows, so does the demand for more reliable, high-quality livestock products. Despite a reduction in the number of holdings, the number of animals per holding and animal production are increasing. In addition to this trend, concerns about animal production are becoming more widespread. The benefits of new technologies, such as livestock monitoring, are essential to farm management, including improved animal welfare, profitability and better working conditions. This type of system is also used to improve production monitoring, such as remote monitoring, real-time data access, and improving the delivery of critical production data. These technological advances allow producers to work more efficiently while improving production efficiency, livestock welfare and profitability.
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However, advances in technology allow farmers to achieve more efficient, profitable and timely results using direct management and manipulation capabilities. Ongoing disease surveillance and careful disease management are essential to animal welfare. This can be accomplished by detecting the early stages of infection and then detecting and treating the infection.
|Market||Livestock Monitoring Market|
|Market size 2021||US$1,654 million|
|Market Forecast 2030||US$4,341 million|
|CAGR (2022 – 2030)||More than 11%|
|Analysis period||2018 – 2030|
|Forecast data||2022 – 2030|
|Segments Covered||By Animal Type, By Component, By Application, By Region|
|Regional scope||North America, Europe, Asia-Pacific, Latin America, Middle East and Africa|
|Profiled Key Companies||GEA Group Aktiengesellschaft, Nedap NV, Afimilk Ltd., Sensaphone, DeLaval, Intervet Inc. (a subsidiary of Merck & Co. Inc.), Dairymaster, BouMatic, Fancom BV, Lely, CowManager BV and Fullwood Packo.|
|Report cover||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulatory Analysis|
|Scope of customization||10 a.m. free customization and expert advice|
Growth aspects of the global livestock monitoring market
Rapid expansion of dairy farms, along with high demand for cost saving system, are the major drivers for the expansion of the livestock monitoring market. Additionally, the growing demand for higher quality dairy products is expanding the livestock monitoring market. The number of transmissible animal diseases has increased in recent years, increasing the demand for the livestock monitoring market. This will allow farmers to treat and prevent the spread of deadly diseases more quickly. Allflex Livestock Intelligence currently fills this void by providing solutions that collect and analyze critical data points to help livestock owners thrive. Additionally, the growing cattle population, along with the acceptance of livestock monitoring technologies in developing countries, will provide significant opportunities for the market in the coming years. However, advancements in technology are expected to reduce the cost of livestock management and monitoring solutions in the coming years, leading to an increase in demand for innovative livestock monitoring systems.
Growing use in poultry production is driving the market
Growing consumer health awareness combined with growing preference for protein-rich food products is mainly driving the poultry market. Strong demand for poultry products, along with growing consumer awareness of the importance of quality products, has increased the demand for animal health and surveillance. As a result, there is a growing demand for advanced livestock monitoring systems. To help farmers meet this demand, a livestock monitoring system has been developed as a product to monitor the welfare of chickens as well as the environmental factors of poultry houses. Additionally, it will also improve productivity and efficiency by providing real-time monitoring and provide farmers with up-to-date advice on how to create better, more productive environments for their chickens.
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North America, Europe, Asia-Pacific, Latin America, Middle East and Africa constitute the regional classification of the global livestock monitoring market. By 2021, Europe will have a significant share of the livestock monitoring market. The expanding animal production sector, along with the growing penetration of automation systems for real-time monitoring of livestock, is currently driving the market growth in Europe. In addition, due to the high prevalence of various zoonotic diseases, livestock surveillance is used to collect historical data to identify animal health trends and track disease spread. Additionally, the growing demand for animal-derived food products such as eggs, meat, and milk drives the need for efficient and cost-effective livestock monitoring systems. Along with this, the European Commission is launching a series of policies and subsidies for livestock farmers in the region to boost productivity and control disease outbreaks. Additionally, increasing integration of sophisticated technologies with livestock monitoring, such as AI, biometrics, IoT, GPS, etc., is driving the market growth in Europe.
The global livestock monitoring market has been segmented by Acumen Research and Consulting on the basis of animal type, component, and application. Based on the type of animal, the market is divided into cattle, poultry, horses, pigs and others. Based on components, the market has divided into hardware, software and services. Based on the applications, the market is categorized into milk harvesting, feeding management, animal husbandry management, animal health monitoring and comfort, behavior monitoring, heat stress, and others.
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Some key players covered globally in livestock monitoring industry are GEA Group Aktiengesellschaft, Nedap NV, Afimilk Ltd., Sensaphone, DeLaval, Intervet Inc. (a subsidiary of Merck & Co. Inc.), Dairymaster , BouMatic, Fancom BV, Lely, CowManager BV and Fullwood Packo.
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Mr. Richard Johnson
Acumen Research and Consulting
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