Livestock and Aquaculture LED Lighting Market Size

Livestock and Aquaculture LED Lighting Market size was over USD 4.87 Billion in 2023 and is set to reach USD 13.08 Billion by the end of 2036, witnessing around 7.9% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of livestock and aquaculture LED lighting is assessed at USD 5.22 Billion. 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.