Global Precision Livestock Farming Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast
- PUBLISHED ON
- 6/1/2023
- NO OF PAGES
- 287
- CATEGORY
- Agriculture
The global Precision Livestock Farming market size was valued at USD 6,800 million in 2022 and is projected to reach USD 11,200 million by 2033, growing at a CAGR of 10.0% during the forecast period.
Report Scope
Report Attributes | Description |
Market Forecast in 2022 | USD 6,800 million |
Market Forecast in 2033 | USD 11,200 million |
CAGR % 2023-2033 | 10.0% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Product, end-user industry, company share, company heat map, company Capacity Technology Product capacity, growth factors and more |
Key Companies | DeLaval; Allflex Livestock Intelligence; Cargill; Zoetis; Afimilk; Fancom; Cainthus; Connecterra; Nedap Livestock Management; IceRobotics |
Global Precision Livestock Farming Market- Description
Precision Livestock Farming (PLF) refers to the use of advanced technologies, data analytics, and automation systems to monitor, manage, and optimize livestock production. It involves the collection and analysis of real-time data on various parameters such as animal health, behavior, feed intake, and environmental conditions in order to make informed decisions and improve overall productivity, animal welfare, and sustainability in livestock farming. IoT (Internet of Things) and sensor technologies play a crucial role in PLF. These technologies enable the collection of real-time data from various sources such as wearable devices, sensors in animal housing, and environmental monitoring systems. The data collected helps farmers monitor the health, behavior, and performance of livestock, enabling early detection of diseases and optimization of feeding and management practices.
Data analytics and artificial intelligence (AI) are used to process and analyze the vast amount of data generated by PLF systems. AI algorithms can identify patterns, detect anomalies, and provide predictive insights for better decision-making. Machine learning models can be trained to predict health conditions, optimize feed rations, and automate certain tasks such as sorting or monitoring livestock. PLF enables continuous monitoring of animal welfare parameters such as temperature, humidity, air quality, and behavior. This allows farmers to identify and address any issues that may impact the health and well-being of livestock. Real-time monitoring of vital signs and behavior patterns can help detect signs of stress, illness, or discomfort, enabling early intervention and improved animal welfare.
Global Precision Livestock Farming market: Key Trends
• Focus on Sustainable and Efficient Production
PLF systems aim to optimize resource utilization and reduce the environmental impact of livestock farming. By monitoring and controlling factors such as feed efficiency, water consumption, and waste management, farmers can minimize resource wastage and enhance sustainability in their operations. This is particularly important as the demand for animal products continues to rise globally.
• Integration with Precision Agriculture
There is a growing trend towards integrating PLF with precision agriculture techniques. This integration allows farmers to have a holistic view of their farming operations by considering both crop and livestock production. The data from PLF systems can be combined with data from precision agriculture technologies such as GPS, satellite imagery, and crop sensors, enabling farmers to make data-driven decisions that optimize the entire farming system.
Global Precision Livestock Farming market: Segmental Analysis
System Type
• Precision Feeding Systems
• Livestock Monitoring Systems
Farm Type
• Dairy
• Swine
• Poultry
Global Precision Livestock Farming market: Geographical landscape
North America has been at the forefront of adopting PLF technologies, driven by the need to increase efficiency, reduce environmental impact, and meet stringent regulatory requirements. The United States and Canada are key players in the PLF market in this region. The use of sensors, automation, and data analytics is prominent in dairy and poultry farming operations. Europe has been a leader in the adoption of PLF technologies, driven by factors such as increasing demand for sustainable and traceable food production, strict regulations on livestock welfare, and labor scarcity. Countries like the Netherlands, Denmark, Germany, and France have been particularly active in implementing PLF solutions. The focus is on monitoring animal health, behavior, and welfare using sensors, IoT devices, and AI-based analytics. The Asia Pacific region is witnessing significant growth in the PLF market due to the increasing demand for animal-based products, rising disposable incomes, and the need to improve productivity. Countries like China, India, and Australia are key contributors to the market. The adoption of PLF technologies in this region includes monitoring systems for pig farming, dairy herd management, and poultry production.
Global Precision Livestock Farming Market- Recent Developments
• In 2021, AGCO has made an announcement regarding its acquisition of Farm Robotics and Automation S.L. (known as "Faromatics"), a company specializing in precision livestock farming. Faromatics has developed ChickenBoy, a groundbreaking robot that hangs from the ceiling and oversees the well-being of broiler chickens, assisting farmers in enhancing animal welfare and farm efficiency. ChickenBoy is equipped with a comprehensive array of sensors that gauge factors such as temperature, air quality, light, and sound. Moreover, it employs artificial intelligence (AI) to detect potential threats to animal health, welfare, and farm machinery.
Global Precision Livestock Farming Market: Key Companies
• DeLaval
• Allflex Livestock Intelligence
• Cargill
• Zoetis
• Afimilk
• Fancom
• Cainthus
• Connecterra
• Nedap Livestock Management
• IceRobotics
• Others
Global Precision Livestock Farming Market: Regional Scope
North America
• U.S.
• Canada
• Mexico
Europe
• U.K.
• Germany
• France
• Italy
• Spain
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of Asia Pacific
South America
• Brazil
• Argentina
• Rest of South America
Middle East and Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of Middle East and Africa
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The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
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