USD 6.56 billion
Report ID:
SQMIG35G2211 |
Region:
Global |
Published Date: February, 2025
Pages:
219
|Tables:
128
|Figures:
82
Animal Livestock Tracking and Monitoring Market size was valued at USD 6.56 billion in 2023 and is poised to grow from USD 7.16 billion in 2024 to USD 14.48 billion by 2032, growing at a CAGR of 9.2% during the forecast period (2025-2032).
The demand for meat and dairy products is increasing due to the global population. In addition, farmers and ranchers are using animal/livestock tracking and monitoring systems in an effort to be more productive and efficient. These devices give farmers and ranchers real-time data and insights that aid in spotting and treating health and behavioral issues.
The market growth is projected to be positively influenced by rapid innovation and increasing research and technology. Real-time monitoring of livestock has become available due to the invention of systems for doing so in developed economies. Farmers can now monitor the respiratory rate, blood pressure, temperature, pulse rate, and other bodily functions due to sensors. Moreover, GPS-enabled devices let the farmers track and find the grazing herd. Also, the IoT sensors track ill animals in the herd and optimize grazing patterns.
US Animal/Livestock Tracking and Monitoring Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
USD 6.56 billion
Largest Segment
Hardware
Fastest Growth
Software Services
Growth Rate
9.2% CAGR
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Global Animal Livestock Tracking and Monitoring Market is segmented by Animal, Livestock Type, Solution, Application, Farm Size, Sector and region. Based on Animal, the market is segmented into Bovine, Poultry, Swine and Other Animals. Based on Livestock Type, the market is segmented into Cattle, Poultry, Swine, Equine and Others. Based on Solution, the market is segmented into Hardware, Software and Services. Based on Application, the market is segmented into Milking Management, Breeding Management, Feeding Management, Health Monitoring, Behavioral Monitoring, Heat Stress management, Sorting & weighing management and Other Applications. Based on Farm Size, the market is segmented into Small Farms, Medium Farms and Large Farms. Based on Sector, the market is segmented into Dairy, Meat and Other Sectors. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
The hardware segment dominated the global market in 2021. The usage of hardware is anticipated to boost agricultural productivity and ease farmer difficulties. Many farmers who raise cattle are attracted by the reality that hardware technology is safe for the environment and animals. Throughout the hardware market, sensors, GPS, and other devices are further divided into segments.
The software market is projected to expand at the fastest rate of 17.9% during the projection period. A collection of integrated software programmers that can be used to monitor livestock makes up the software element. The user interfaces, characteristics, and abilities of these programmers are interconnected. Several companies utilize software to make life easier of collecting cattle data. For instance, Cainthus launched ALUS Nutrition as its first product in February 2021. Due to the customized technology, a producer can constantly keep an eye on the supply of feed. This technology has made it possible to change feeding regimens as necessary.
Feeding management was the segment that pulled the most revenue in 2021—more than 25.0%. Animals need constant access to food and water, and their living spaces must be maintained clean. Proper feeding and waste management are crucial for the health, comfort, and well-being of animals and also aid in the prevention of illness, disease, and parasites. The aforementioned elements help the segment's development as well.
The milk harvesting category is anticipated to grow at the significant CAGR during the projection period, at 18.25 %. In a dairy farm, manual milking is time-consuming and labor-intensive. Hence, IoT more successfully handled this issue by developing auto milking, reducing costs and the need for workers. The likelihood of the milk rotting when the weather is bad is high, but auto milking automatically prevents this with a number of specially developed cooling tanks.
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North America dominated the global market in 2021 due to its significant technological advances and higher internet penetration. The rising incidence of zoonotic diseases, which has raised the need for technology to track sick cattle, is expected to be the main drive of the North American market. According to the Food and Agriculture Organization of the United Nations, the United States generated 18.0% of the world's total output of poultry meat in 2020, putting it the largest producer in the world (UNFAO).
Asia Pacific is anticipated to see profitable growth throughout the anticipated period. Animal-based food consumption has risen from across Asia Pacific as a result of rising disposable income, shifting dietary preferences, growing populations, and rapid urbanization. Also, the region has consistently contributed to worldwide cattle production profits since the early 1900s, and it is anticipated that this tendency will continue during the forecast period.
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Demand for meat and dairy products is increasing
Better animal welfare is needed
Improved food safety
High execution cost of solutions in tracking and monitoring livestock and animals
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The market for animal/livestock tracking and monitoring is growing quickly because of the need for better livestock management, disease prevention, and higher productivity. In this fiercely competitive market, a variety of companies are providing an extensive variety of goods and services.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Animal/ Livestock Tracking & Monitoring market analysis, the demand for meat and dairy products is increasing in tandem with the global population. As a result, farmers and ranchers are using animal/livestock tracking and monitoring systems in an effort to become more effective and productive. Furthermore, expected to open up new market opportunities are the adoption of IoT and AI technologies as well as the increased emphasis on sustainability. The market for tracking and monitoring livestock and animals is growing fast in such regions, particularly in Asia and Africa. This is brought on by both a rise in the demand for meat products in these areas and an increased interest in improving the efficiency and sustainability of livestock farming.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 6.56 billion |
Market size value in 2032 | USD 14.48 billion |
Growth Rate | 9.2% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Animal/Livestock Tracking and Monitoring Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Animal/Livestock Tracking and Monitoring Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Animal/Livestock Tracking and Monitoring Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Animal/Livestock Tracking and Monitoring Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Animal/Livestock Tracking & Monitoring Market size was valued at USD 6.56 Billion in 2023 and is poised to grow from USD 7.69 Billion in 2024 to USD 27.38 Billion by 2032, growing at a CAGR of 17.2% during the forecast period (2025-2032).
The market for animal/livestock tracking and monitoring is growing quickly because of the need for better livestock management, disease prevention, and higher productivity. In this fiercely competitive market, a variety of companies are providing an extensive variety of goods and services. 'Boumatic', 'Allflex Livestock Intelligence (Subsidiary of MSD Animal Health)', 'Nedap N.V.', 'Delaval', 'Cowmanager B.V.', 'Afimilk Ltd.', 'Herdinsights (Subsidiary of Datamars)', 'Engs Systems', 'Smaxtec Animal Care GmbH', 'Zoetis', 'Sum-It Computer Systems', 'Dairymaster', 'Cainthus', 'Serket', 'Vas', 'Fullwood Packo', 'Gallagher Group Limited', 'Moocall', 'Stellapps Technologies', 'Connecterra B.V.', 'Hokofarm Group', 'Icerobotics', 'Faromatics', 'Cowlar', 'Sensaphone'
The demand for meat and dairy products is increasing in tandem with the global population. As a result, farmers and ranchers are using animal/livestock tracking and monitoring systems in an effort to become more effective and productive.
Demand for efficient livestock management is increasing: Farmers who raise animals are now under growing pressure to increase productivity, cut expenses, and safeguard the health of their animals. By offering real-time information on ethology, health, and productivity, tracking and monitoring technologies for livestock and animals can assist farmers in accomplishing these goals.
North America dominated the global market in 2021 due to its significant technological advances and higher internet penetration. The rising incidence of zoonotic diseases, which has raised the need for technology to track sick cattle, is expected to be the main drive of the North American market. According to the Food and Agriculture Organization of the United Nations, the United States generated 18.0% of the world's total output of poultry meat in 2020, putting it the largest producer in the world (UNFAO).
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