Canada Livestock Monitoring Market Size & Outlook
Canada livestock monitoring market, 2018-2030 (US$M)
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Canada livestock monitoring market highlights
- The Canada livestock monitoring market generated a revenue of USD 387.7 million in 2022 and is expected to reach USD 1,526.9 million by 2030.
- The Canada market is expected to grow at a CAGR of 18.7% 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.
Livestock monitoring market data book summary
| Market revenue in 2022 | USD 387.7 million |
| Market revenue in 2030 | USD 1,526.9 million |
| Growth rate | 18.7% (CAGR from 2022 to 2030) |
| Largest segment | Cattle |
| Fastest growing segment | Poultry |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Canada accounted for 7.3% of the global livestock monitoring market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. livestock monitoring market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 1,526.9 million by 2030.
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Livestock Monitoring Market Scope
Livestock Monitoring Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 45.22% in 2022. Horizon Databook has segmented the Canada livestock monitoring market based on cattle, poultry, swine, equine covering the revenue growth of each sub-segment from 2018 to 2030.
The country is expected to witness significant growth over the forecast period, which can be attributed to technological advancements and an increase in genetic livestock production by using livestock tracking systems. Various technologies have evolved over the years, which has led to adoption of livestock monitors.
Furthermore, significant increase in livestock production over the years is anticipated to boost the market growth. According to Statistics Canada, there were approximately 977,900 dairy cows and 3,661000 beef cows in Canada, as of January 2019.
Moreover, manufacturers with FDA clearance in the U.S. have easy access into the Canadian market. This is because of the agreement between the U.S. FDA, the Department of Health Canada (Health Canada), and the Canadian Food Inspection Agency (CFIA), which recognizes Canada’s food.
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Target buyers of Canada 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 country-level data and insights on the Canada livestock monitoring market , including forecasts for subscribers. This country databook contains high-level insights into Canada livestock monitoring market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada livestock monitoring market size, by animal type, 2018-2030 (US$M)
Canada Livestock Monitoring Market Outlook Share, 2022 & 2030 (US$M)
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