Latin America Livestock Monitoring Market Size & Outlook
Latin America livestock monitoring market, 2018-2030 (US$M)
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Latin America livestock monitoring market highlights
- The Latin America livestock monitoring market generated a revenue of USD 729.9 million in 2022.
- The market is expected to grow at a CAGR of 18% from 2023 to 2030.
- In terms of segment, cattle was the largest revenue generating animal type in 2022.
- Equine is the most lucrative animal type segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 729.9 million |
| Market revenue in 2030 | USD 2,740.3 million |
| Growth rate | 18% (CAGR from 2022 to 2030) |
| Largest segment | Cattle |
| Fastest growing segment | Equine |
| 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, Latin America region accounted for 13.8% 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 |
|---|
Latin America 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 45.12% in 2022. Horizon Databook has segmented the Latin America livestock monitoring market based on cattle, poultry, swine, equine covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America livestock monitoring market is expected to continue to grow during the forecast period. Various factors such as high prevalence of diseases and rising demand for monitoring equipment are positively influencing the market growth.
Favorable government initiatives & intervention in the livestock sector are expected to fuel the livestock monitoring market growth in Latin America. Agriculture is an extensive practice in the region. As a result, animal husbandry practices are being increasingly adopted, which supports the market growth.
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Target buyers of Latin America 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 Latin America livestock monitoring market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America livestock monitoring market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America livestock monitoring market size, by country, 2018-2030 (US$M)
Latin America Livestock Monitoring Market Outlook Share, 2022 & 2030 (US$M)
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