Livestock Monitoring Market Size, Share, Trends, Growth 2032

Livestock Monitoring Industry Prospective:

The global livestock monitoring market size was worth around USD 5.91 billion in 2023 and is predicted to grow to around USD 11.20 billion by 2032, with a compound annual growth rate (CAGR) of roughly 7.50% between 2024 and 2032.

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Livestock Monitoring Market: Overview

Livestock monitoring deals with a set of procedures, technologies, and tools that are used for observing and monitoring livestock health, behavior, and environmental conditions. Livestock monitoring systems allow livestock owners to ensure the safety of animals and prevent diseases that may impact the well-being of animals or the surrounding environment. Furthermore, these technologies also enable farm owners to take proactive measures to ensure that the living standards of farm animals are maintained in case of sudden changes in the environment.

In addition, the extensive applications of livestock management systems (LMS) include monitoring all animal and animal-based product transactions to limit the spread of animal diseases to humans. The industry leverages offerings of several advanced technologies, such as the Internet of Things (IoT) and high-speed Internet, to deliver real-time information to livestock owners.

During the forecast period, the livestock monitoring industry is expected to achieve greater growth momentum led by growing cases of diseases originating from animals, which have also impacted human lives. In addition, growing government regulations will promote the use of advanced livestock management technologies. However, limited awareness of technology in emerging or underdeveloped nations is expected to restrict the market growth rate.

Key Insights:

• As per the analysis shared by our research analyst, the global livestock monitoring market is estimated to grow annually at a CAGR of around 7.50% over the forecast period (2024-2032)
• In terms of revenue, the global livestock monitoring market size was valued at around USD 5.91 billion in 2023 and is projected to reach USD 11.20 billion by 2032.
• The livestock monitoring market is projected to grow at a significant rate due to the growing cases of animal diseases worldwide.
• Based on animal type, the poultry segment is growing at a high rate and will continue to dominate the global market, as per industry projections.
• Based on end-user, the dairy farm segment is anticipated to command the largest market share.
• Based on region, North America is projected to dominate the global market during the forecast period.

Livestock Monitoring Market: Growth Drivers

Growing cases of animal diseases worldwide to drive market demand rate

The global livestock monitoring market is expected to grow due to the rising number of animal infections worldwide. Some of the most commonly reported medical conditions in animals include foot-and-mouth disease, rabies, Japanese encephalitis, lumpy skin disease, anthrax, sheep pox & goat pox (SGP), ringworm, aujeszky's disease, and others. Foot-and-mouth disease is highly common in cloven-hoofed animals, while rabies is a severe viral condition that can also impact warm-blooded mammals such as humans. Anthrax, on the other hand, can be fatal for cattle and is caused by Bacillus anthracis bacteria. In 2022, India reported a large number of livestock across the country being affected by the lumpy disease.

According to official reports, the condition killed more than 200,000 cattle in the region. The outbreak was highly intense, affecting nearly 15 states in three months. Extensive analysis of the condition revealed two variants of the Lumpy Skin Disease Virus (LSDV), which resulted in the death of multiple cattle. While certain animal infections do not transfer to humans, there has been an increased number of reports associated with diseases spreading from animals to humans.

In April 2024, the World Health Organization (WHO) reported a confirmed case of human infection with an influenza A(H5N1) virus. The patient was regularly exposed to dairy cattle, which may have triggered the infection. According to WHO, around 939 cases of human infection with avian influenza A(H5N1) virus have been reported between 1 January 2003 and 1 November 2024, spanning around 24 countries.

Increasing demand for animal products worldwide to create market growth possibilities

The growing consumption of animal products in the form of meat and dairy food products has encouraged the use of advanced livestock monitoring systems. These devices assist in restricting the sale of poor-grade animal food products. The rising demand for meat items globally, especially in the beak group, in the food service industry will promote higher revenue in the global livestock monitoring market. Animal owners can better manage their livestock using advanced digital technologies and promote sustainable practices which is crucial for the livestock management industry.

Livestock Monitoring Market: Restraints

Cost associated with LMS to limit the industry’s growth rate

The global livestock monitoring industry is projected to be restricted due to the high cost associated with the development and deployment of advanced processes and digital tools for efficient livestock management.

For instance, basic systems for tracking the environmental and health conditions of animals can cost between USD 150 and USD 500, depending on the features of the tool. Deploying such devices on a large scale can be cost-intensive.

Furthermore, the lack of awareness about the benefits of LMS in certain economies, especially countries affected due to social or political conditions, may further impede the industry’s overall expansion.

Livestock Monitoring Market: Opportunities

Rising introduction of novel solutions in the market to create expansion opportunities

The global livestock monitoring market is projected to generate growth opportunities due to the growing advancements in technological solutions offering cutting-edge features and overall solutions. In June 2021, Cogent Breeding (UK), a leading provider of breeding technology and cattle genetics information, announced a partnership with Nedap N.V., a Dutch multinational technology firm. Together, The companies have launched PrecisionCOW, designed to monitor cattle's fertility, location, and health throughout the day.

According to market research, the growing adoption of Internet of Things (IoT)-based solutions in livestock management is expected to revolutionize the ways in which the industry functions. IoT-enabled sensors have widely become popular among livestock managing companies and individuals and are influenced by rapidly changing environmental conditions and pollution levels. This has forced livestock owners to seek real-time information on how environmental changes impact the well-being of animals and undertake proactive measures to prevent unwanted situations.

Furthermore, governments worldwide are encouraging technology integration with livestock management to improve animal traceability, food safety, and health monitoring, which will contribute to increased applications of LMS.

Livestock Monitoring Market: Challenges

Limited knowledge, access to technology, and infrastructure will challenge market expansion rate

The global industry for livestock monitoring is expected to be challenged by limited awareness among end-consumers. In addition, the lack of access to essential technology and infrastructure required for optimal use of livestock monitoring systems will also inhibit the industry’s expansion rate. LMS devices are vulnerable to cyber-crimes raising questions over the safety of the device in maintaining confidential information of the end-users.

Livestock Monitoring Market: Report Scope

Livestock Monitoring Market: Segmentation

The global livestock monitoring market is segmented based on animal type, component, end-user, and region.

Based on the animal type, the global market segments are equine, swine, poultry, cattle, and others. In 2023, the highest growth was listed in the poultry segment. The widespread consumption of chicken and egg-based food products is driving the segmental demand rate.

In addition, the surging rate of the world population, increasing food tourism, and growing production of chicken-based ready-to-eat meals will encourage demand for the poultry segment. According to official statistics, more than 200 million chickens are killed every day to meet the food requirements of the general population.

Based on components, the global livestock monitoring industry is divided into services, software, and hardware.

Based on end-user, the global market divisions are pig farms, deer farms, sheep farms, beef farms, dairy farms, and others. In 2023, the highest revenue was generated by the dairy farm segment. The increasing integration of modern technologies in milk and milk-product manufacturing facilities is fueling the segmental growth rate.

Furthermore, growing government pressures to consistently monitor cow health will promote higher CAGR in the dairy farm segment during the forecast period. As of 2024, the US has more than 87 million cows used for several commercial purposes.

Livestock Monitoring Market: Regional Analysis

North America to hold control over the majority part of the market share

The global livestock monitoring market will be led by North America during the forecast period. In 2023, the region dominated nearly 33.01% of the global market share. Growth in North America is a result of the rapid proliferation of technological solutions in the region’s agricultural sector.

In addition, North America has a high demand for animal-based food products, especially in the form of chicken and beef-based items. This has encouraged livestock owners to invest in technologies that allow them to maintain high-quality livestock by actively monitoring their health and environmental conditions.

Furthermore, the presence of several strict regulatory bodies such as the Animal Health Protection Act (AHPA), National Animal Identification System (NAIS), Swine Health Protection Act, and mandatory policies ensuring price reporting as well as labeling of country-of-origin has helped the regional market thrive.

Europe is projected to deliver substantial revenue during the forecast period. In 2023, it was responsible for generating 28.05% of the final revenue. The European market is influenced by the presence of several support groups working toward eliminating animal cruelty along with greater importance on animal health. Furthermore, the rising cases of animal infections affecting livestock well-being as well as human health will promote regional market expansion in the coming years.

Livestock Monitoring Market: Competitive Analysis

The global livestock monitoring market is led by players like:

• Lely International NV
• GEA Farm Technologies
• Rex Animal Health
• Allflex Livestock Intelligence (a subsidiary of MSD Animal Health)
• HerdDogg
• Moocall
• DeLaval Inc.
• HID Global Corporation
• Stellapps
• Afimilk Ltd.
• Dairymaster Ltd.
• BouMatic
• Connecterra
• Fancom BV
• Sensaphone

The global livestock monitoring market is segmented as follows:

By Animal Type

• Equine
• Swine
• Poultry
• Cattle
• Others

By Component

• Services
• Software
• Hardware

By End-User

• Goat & Pig Farm
• Deer Farm
• Sheep Farm
• Beef Farm
• Dairy Farm
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa