Livestock and Aquaculture LED Lighting Market size is expected to cross USD 11,368 Million by the end of 2035 by growing at a CAGR of 8% over the forecast period, i.e., 2023-2035. In the year 2022, the industry size of livestock and aquaculture LED lighting was over USD 4,514 Million. The growth of the market can be attributed to the increasing agricultural activities and rising population. The growing demand for animal products such as wool, animal skin, and fiber is estimated to hike market growth. As per the estimations, the amount of raw wool produced in 2021 across the world was estimated to be more than 1950 million kilograms and the population of sheep increased by more than 4 billion from the year 2020.
In addition, the rising use of animals for transport by farmers and other people, for fertilizer preparation is estimated to propel the market growth. The increasing use of by-products such as cow dung for the production of biogas owing to a rising preference for renewable fuels is driving the market growth in the coming years. The amount of biogas produced from the installed biogas plants across the globe as of 2021 was over 20 gigawatts which raised by 5% from the year 2020. Approximately 15L to 30L of biogas was produced from just one kilogram of cow dung per day worldwide as of 2021.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~8% |
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Base Year Market Size (2022) |
~ USD 4,514 Million |
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Forecast Year Market Size (2035) |
~ USD 11,368 Million |
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Regional Scope |
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Product Type (LED Bulbs, LED Tube Lights, LED Fixtures)
The global livestock and aquaculture LED lighting market is segmented and analyzed for demand and supply by product type into LED bulbs, LED Tube lights, and LED fixtures. Out of the three types of livestock and aquaculture LED lighting market the LED bulbs segment is estimated to gain the largest market share of about ~42% in the year 2035. The growth of the segment can be attributed to the increasing use of LED bulbs in chicken farms owing to benefits such as less power consumption. The high quality and energy saving with 25 times long-lasting compared to LED tube lights. The percentage of households that used LED light bulbs during 2015-2020 increased from 4% to 45% in the U.S. The rising use of aquaculture is driving market segment growth with increasing consumption of fish and other sea foods. Also, the percentage of people consuming meat around the world is growing day by day is propelling the market segment growth.
Application (Aquaculture, Livestock Lighting)
The global livestock and aquaculture LED lighting market is also segmented and analyzed for demand and supply by application into aquaculture and livestock. Amongst these segments, the livestock segment is expected to garner a significant share of around ~56% in the year 2035. The amount of people consuming animal products for weight loss and keto diets is rising across the globe which is driving the market segment growth. The growing consumption of dairy products, use of animal fur, and animal parts in various industries are driving the market segment growth in the coming years. The increasing use of LED in livestock for enhancement of production, and maintenance of livestock health. Even, LEDs are used in storage barns for energy saving, better light control, and longevity is driving the market segment growth.
Our in-depth analysis of the global market includes the following segments:
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By Product Type |
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By Watt |
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By Installation |
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By Distribution Channel |
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By Application |
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APAC Market Statistics
The livestock and aquaculture LED lighting market share in Asia Pacific, amongst the market in all the other regions, is projected to be the largest with a share of about ~34% by the end of 2035. The market in the Asia Pacific is anticipated to garner the largest revenue of USD 3922.7 Million by the end of 2031, up from a revenue of USD 1977.4 Million in the year 2021. The growth of the market in the region can primarily be attributed to the increasing production of different types of fish in the region, along with the fact that the region is the world’s largest producer of fish. According to the statistics by FAO, the world capture production of different types of fish in the inland waters in the Asia Pacific increased from 7127712 in the year 2013 to 7866687 in the year 2019. Besides this, the increasing focus of the government of nations in the region to promote sustainable aquaculture practices is also projected to add to the market growth during the forecast period. The market in the region is further segmented by country into China, Japan, India, South Korea, Singapore, Australia, and the Rest of Asia Pacific. The market in China is projected to garner the largest revenue of USD 2514.5 Million by the end of 2031, up from a revenue of USD 1291.2 Million in the year 2021.
Europe Market Forecast
The European livestock and aquaculture LED lighting market is estimated to be the second largest, registering a share of about ~25% by the end of 2035. The growth of the market can be attributed majorly to the increasing use of meat consumption in the region. The rising number of slaughterhouses in the region with varied types of animal meat with growing meat eaters are driving the market growth. The increasing population of cows, sheep, and goats for milk and dairy products in the region. In 2021, the population of pigs was more than 140 million, bovine animals were 75 million, and the population of sheep and goats was 70 million in Europe. The production of pig meat in 2021 reached a peak of 23 million tons. Also, the production of poultry meat in Europe during 2021 was estimated to be more than 13 million tons as per the estimations. The growing agriculture production in Europe that need cattle for farming and other works is estimated to hike the market growth.
North American Market Forecast
Further, the market in North America, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2035. The growth of the market can be attributed majorly to the increasing population and changes in diet patterns are driving the market growth. The rising focus on animal health to increase livestock and animal product production as many people depend on it for their living is driving the market segment growth. The growing demand for organic food among people with rising disposable income and growing awareness of diet habits is estimated to propel the market segment growth. Rising meat usage in dishes and many events as a special meal plan is estimated to hike the market growth.
Author Credits: Abhishek Verma, Hetal Singh
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