Global Livestock Monitoring Market 2024–2033

Reports Description

As per the current market research conducted by CMI Team, the global Livestock Monitoring Market is expected to record a CAGR of 8.4% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 2.1 billion. By 2032, the valuation is anticipated to reach USD 5.8 billion.

Per Capita Consumption of Poultry and Livestock, 2020 to Forecast 2024, in Pounds

Source: According to the National Chicken Council

The Livestock Monitoring Market encompasses the technological solutions and systems used to monitor and manage the health, behaviour, and well-being of livestock animals in agricultural operations. These solutions range from IoT sensors to data analytics platforms, facilitating real-time insights into animal conditions.

The market is characterized by dynamic innovation, with tech integration transforming traditional farming practices. It focuses on optimizing livestock care, disease prevention, and resource allocation to enhance productivity and animal welfare.

Current trends include AI-driven predictive analytics, remote monitoring due to the pandemic, sustainability-oriented practices, and blockchain adoption for transparency across the supply chain. These trends are reshaping the market landscape, fostering efficient, data-driven livestock management practices.

Livestock Monitoring Market – Significant Growth Factors

The Livestock Monitoring Market presents significant growth opportunities due to several factors:

• Increasing Demand for Efficiency: Growing global demand for meat, dairy, and other livestock products is driving the need for efficient management practices. Livestock monitoring offers real-time insights into animal health, behaviour, and environmental conditions, enhancing overall productivity.

• Technological Advancements: Integration of IoT, sensors, AI, and data analytics allows for precise monitoring of livestock. This technology-driven approach improves disease detection, feeding practices, and reproduction processes, leading to better outcomes for farmers.

• Focus on Animal Welfare: Consumer preferences for ethically produced products drive the adoption of livestock monitoring systems. These technologies ensure optimal living conditions, early disease detection, and personalized care, aligning with enhanced animal welfare standards.

• Data-Driven Decision Making: Livestock monitoring generates extensive data. Analysing this data aids in predictive analytics, enabling farmers to make informed decisions about health, nutrition, and breeding strategies, ultimately improving operational efficiency.

• Precision Livestock Farming: The advancement of precision farming techniques presents an opportunity to optimize livestock management further. Customized care, resource efficiency, and targeted interventions can be achieved through real-time monitoring and analytics.

• Global Food Security Concerns: With increasing population and environmental challenges, there’s a heightened focus on sustainable food production. Livestock monitoring contributes to disease prevention, efficient resource utilization, and improved animal health, addressing global food security concerns and driving market growth.

Livestock Monitoring Market – Mergers and Acquisitions

The Livestock Monitoring Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the Livestock Monitoring Market include:

• Cainthus was acquired by Ever. Ag.: In 2022, Cainthus was acquired by Ever.Ag. Terms of the transaction were not disclosed. Cainthus is an Irish startup focused on using computer vision and predictive imaging analysis to monitor the health and well-being of livestock.

• Antelliq’s Allflex partners with Nestlé farms: In 2018, Antelliq’s Allflex partnered with Nestlé farms to monitor dairy cows’ wellbeing. This collaboration aims to provide Nestle with full visibility into the well-being of individual cows and the herb.

• DeLaval Group and iDDEN: In 2023, DeLaval, one of the world’s leading manufacturers of milking equipment, and its affiliates UNIFORM-Agri, an internationally specialized provider of herd management software, and Dairy Data Warehouse, the world’s largest dairy data company, have signed a strategic partnership agreement with iDDEN.

• Merck to Acquire Parent Company of Allflex, SCR: In 2018, The owners of Allflex ear tags and SCR dairy monitoring technology were acquired by Merck. The acquisition of the Antelliq Group, formerly known as the Allflex Group. Antelliq is a leader in the digital animal identification, traceability and monitoring solutions category with brands like Allflex and SCR.

• Merck Animal Health Completes Acquisition of Quantified Ag®: In 2022, Merck Animal Health, known as MSD Animal Health outside the United States and Canada, a division of Merck & Co., Inc., Kenilworth, N.J., USA, announced the completion of its acquisition of Quantified Ag®, a leading data and analytics company that monitors cattle body temperature and movement in order to detect illness early.

These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the Livestock Monitoring Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Livestock Monitoring Market – Significant Threats

The Livestock Monitoring Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:

• Data Security and Privacy Concerns: The collection and analysis of sensitive data from livestock farms raise concerns about data security and privacy breaches. Unauthorized access or data leaks could compromise farmers’ operations, and animal health information, and potentially lead to legal and ethical issues.

• High Initial Investment: Implementing livestock monitoring systems involves substantial upfront costs, including hardware, software, and training expenses. For smaller-scale farmers or operations with limited budgets, this financial barrier can deter adoption, hindering market growth.

• Technological Complexity and Adoption Challenges: Integrating and maintaining sophisticated monitoring technologies may be challenging for farmers with limited technical expertise. The learning curve and operational disruptions during the transition phase could slow down adoption rates.

• Market Fragmentation and Lack of Standardization: The Livestock Monitoring Market features a variety of solutions from different vendors, leading to market fragmentation and lack of interoperability. This can confuse potential buyers and hinder the seamless integration of different technologies, potentially limiting the market’s overall expansion.

• Resistance to Change: Traditional farming practices are deeply ingrained in some regions and among certain generations of farmers. Resistance to adopt new technologies and shift from conventional methods to data-driven approaches can impede the widespread adoption of livestock monitoring systems, limiting market growth and innovation.

Report Scope

Category-Wise Insights

By Animal Type:

• Cattle: Cattle monitoring involves tracking health, behaviour, and reproduction. Trends include RFID tagging for individual identification, AI-driven disease detection, and smart feeding systems for optimized growth.

• Poultry: Poultry monitoring focuses on flock health, environmental conditions, and egg production. Trends encompass IoT-enabled coop monitoring, real-time data analytics, and automated egg collection.

• Equine: Equine monitoring monitors horse health, movement, and training. Trends include wearable sensors for tracking vital signs, GPS-based activity monitoring, and mobile apps for remote health management.

• Swine: Swine monitoring ensures pig health, feeding efficiency, and reproduction. Trends encompass RFID ear tags, temperature and humidity sensors in barns, and AI-assisted disease prediction.

• Others: Other livestock monitoring spans goats, sheep, and more. Trends involve precision management using IoT devices, remote monitoring systems, and blockchain for traceability.

By Component

• Hardware: In the Livestock Monitoring Market, hardware refers to physical devices like sensors, RFID tags, and cameras that capture data from animals and their environment. Hardware innovations focus on improved accuracy and durability, facilitating real-time health tracking and behaviour analysis.

• Software: Software involves applications that process data collected by hardware, providing insights into livestock health and behaviour. Trends include AI-driven analytics for predictive disease detection and cloud-based platforms for remote monitoring, enhancing data accessibility and decision-making.

• Service: Services encompass installation, maintenance, and support for monitoring systems. Trends reflect a shift towards comprehensive solutions, offering training, data analysis, and customized recommendations to maximize the benefits of livestock monitoring technology.

By Application

• Milk Harvesting: Automating milk collection from livestock, optimizing yield and efficiency. Trend: Integrating sensors for real-time milk quality assessment, enhancing dairy production and meeting consumer demands.

• Feeding Management: Monitoring and controlling animal nutrition for optimal growth and resource efficiency. Trend: AI-driven systems for precise feed allocation, reducing wastage and improving sustainability practices.

• Breeding Management: Monitoring animal reproduction cycles, enhancing breeding success and genetic diversity. Trend: AI-enabled heat detection, improving genetic selection and reproduction outcomes through data-driven insights.

• Animal Health Monitoring & Comfort: Real-time health tracking, ensuring animal well-being and disease prevention. Trend: Wearable devices and AI diagnostics, enabling early disease detection and proactive care for healthier livestock.

• Behaviour Monitoring: Analysing animal behaviour for insights into health, welfare, and stress levels. Trend: Machine learning algorithms for behaviour pattern recognition, enhancing predictive analysis and management decisions.

• Heat Stress: Detecting and mitigating heat-related stress in livestock to prevent health issues. Trend: Advanced climate control systems and IoT sensors, reducing heat-induced health risks and optimizing productivity.

• Others: Additional applications encompassing environmental monitoring, biosecurity, and traceability. Trend: Integration of blockchain for supply chain transparency and traceability, enhancing market credibility and meeting consumer expectations.

Livestock Monitoring Market – Regional Analysis

The Livestock Monitoring Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

• North America: The Livestock Monitoring Market in North America is marked by a trend towards precision agriculture. The region’s adoption of advanced technologies like IoT, AI, and big data analytics drives real-time insights into animal health and management. Additionally, there’s a growing emphasis on sustainable practices, integrating renewable energy solutions to power monitoring systems and reducing environmental impact.

• Europe: In Europe, the Livestock Monitoring Market is witnessing a strong focus on animal welfare and traceability. Stringent regulations prompt the adoption of monitoring systems for humane treatment and ethical production. Furthermore, blockchain technology is gaining prominence, ensuring transparency across the supply chain and aligning with the region’s values of quality and accountability.

• Asia-Pacific: The Asia-Pacific Livestock Monitoring Market is experiencing a surge in demand driven by increasing meat consumption. The region’s adoption trend is toward cost-effective solutions that cater to diverse livestock farming scales. IoT and mobile technologies are being harnessed to provide accessible, user-friendly solutions for smallholder farmers, aiding in disease prevention and improving overall productivity.

• LAMEA (Latin America, Middle East, and Africa): LAMEA’s Livestock Monitoring Market is characterized by a rise in data-driven decision-making. With varied climatic conditions, there’s a growing need for climate-sensitive monitoring systems to mitigate challenges like heat stress. This region is embracing AI and remote sensing technologies for accurate disease detection and livestock health management, aiding sustainable livestock practices.

Competitive Landscape – Livestock Monitoring Market

The Livestock Monitoring Market is highly competitive, with a large number of manufacturers and retailers operating globally. Some of the key players in the market include:

• DeLaval Inc.
• GEA Group AG
• Afimilk Ltd.
• BouMatic LLC
• Allflex Group
• DairyMaster Ltd.
• Lely Holding S.A.R.L.
• Cainthus
• Farmcontrol
• SCR Dairy
• Others

These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships.

Emerging players like Connecterra, Vence, and Cainthus are leveraging innovation to enter the Livestock Monitoring Market. Connecterra employs AI and IoT for dairy herd management. Vence introduces virtual fencing solutions, and Cainthus employs computer vision for livestock behavior analysis.

Industry giants such as DeLaval Inc., GEA Group AG, and Afimilk Ltd. dominate the Livestock Monitoring Market. DeLaval’s comprehensive solutions cover milking, cooling, and health management. GEA’s advanced technologies integrate IoT and data analytics. Afimilk’s precision systems cater to dairy management, offering automated data-driven insights. These players’ broad offerings and established market presence reinforce their dominance, catering to diverse livestock management needs.

The Livestock Monitoring Market is segmented as follows:

By Animal Type

• Cattle
• Poultry
• Equine
• Swine
• Others

By Components

• Hardware
• Software
• Service

By Application

• Milk Harvesting
• Feeding Management
• Breeding Management
• Animal Health Monitoring & Comfort
• Behaviour Monitoring
• Heat Stress
• Others

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America