Mexico Livestock Monitoring Market Size & Outlook
Mexico livestock monitoring market, 2018-2030 (US$M)
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Mexico livestock monitoring market highlights
- The Mexico livestock monitoring market generated a revenue of USD 179.0 million in 2022 and is expected to reach USD 764.4 million by 2030.
- The Mexico market is expected to grow at a CAGR of 19.9% 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.
Livestock monitoring market data book summary
| Market revenue in 2022 | USD 179.0 million |
| Market revenue in 2030 | USD 764.4 million |
| Growth rate | 19.9% (CAGR from 2022 to 2030) |
| Largest segment | Cattle |
| Fastest growing segment | Equine |
| 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, Mexico accounted for 3.4% 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 Latin America, Brazil livestock monitoring market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 764.4 million by 2030.
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Livestock Monitoring Market Scope
Livestock Monitoring Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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 45.87% in 2022. Horizon Databook has segmented the Mexico livestock monitoring market based on cattle, poultry, swine, equine covering the revenue growth of each sub-segment from 2018 to 2030.
The implementation of stringent government laws for animals that depend on humans for survival is expected to drive the growth of livestock monitoring market. For instance, according to Domestic Animal Protection Act (2016), any activity that involves the unnecessary death of an animal is considered a crime.
Such laws have increased animal healthcare awareness among owners, thereby fueling the market growth in the country. Mexico has free trade agreements with several countries. In July 2020, the North American Free Trade Agreement (NAFTA).
Furthermore, it benefited farmers and agribusinesses, as it strengthened & modernized agriculture trade in North American region. In addition, manufacturers with FDA clearance can easily enter into the Mexican market.
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Target buyers of Mexico 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 Mexico livestock monitoring market , including forecasts for subscribers. This country databook contains high-level insights into Mexico livestock monitoring market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico livestock monitoring market size, by animal type, 2018-2030 (US$M)
Mexico Livestock Monitoring Market Outlook Share, 2022 & 2030 (US$M)
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