Asia Pacific Livestock Monitoring Market Size & Outlook
Asia Pacific livestock monitoring market, 2018-2030 (US$M)
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Asia Pacific livestock monitoring market highlights
- The Asia Pacific livestock monitoring market generated a revenue of USD 1,257.6 million in 2022.
- The market is expected to grow at a CAGR of 17.9% from 2023 to 2030.
- In terms of segment, cattle was the largest revenue generating animal type in 2022.
- Poultry is the most lucrative animal type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 1,257.6 million |
| Market revenue in 2030 | USD 4,702.2 million |
| Growth rate | 17.9% (CAGR from 2022 to 2030) |
| Largest segment | Cattle |
| Fastest growing segment | Poultry |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cattle, Poultry, Swine, Equine |
| Key market players worldwide | GEA Group AG, Merck & Co Inc, Afimilk, DeLaval, Sensaphone, BouMatic, Dairymaster, Lely, Fullwood Packo, Fancom |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 23.8% of the global livestock monitoring market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 2,740.3 million by 2030.
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Livestock Monitoring Market Scope
Livestock Monitoring Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific livestock monitoring market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to livestock monitoring market will help companies and investors design strategic landscapes.
Cattle was the largest segment with a revenue share of 49.77% in 2022. Horizon Databook has segmented the Asia Pacific livestock monitoring market based on cattle, poultry, swine, equine covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing disposable income, changing dietary patterns, growing population, and rapid urbanization in Asia Pacific region have led to increase in the consumption of food obtained from animal sources. In addition, since the 1900s, the region has consistently generated profits in global livestock production and is anticipated to continue growing during the forecast period.
Moreover, market growth in the region can be attributed to significantly high cattle population. For instance, China & India constitute more than 30% of the global population of cattle. The large livestock population has enhanced the demand for meat production.
In 2018, Asia Pacific accounted for 40% to 50% of the total meat production worldwide. Moreover, according to Australian Bureau of Agriculture & Resources Economics & Sciences, meat demand in China is anticipated to increase by 40% by 2050, which is likely to further foster the demand for veterinary medicines in livestock animals.
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Target buyers of Asia Pacific livestock monitoring market databook
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Our clientele includes a mix of livestock monitoring market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific livestock monitoring market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific livestock monitoring market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific livestock monitoring market size, by country, 2018-2030 (US$M)
Asia Pacific Livestock Monitoring Market Outlook Share, 2022 & 2030 (US$M)
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