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Global Precision Livestock Farming Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast

  • PUBLISHED ON
  • 2024-10-03
  • NO OF PAGES
  • 287
  • CATEGORY
  • Agriculture
Market Overview
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

Why to buy this Report?
The report provides quantitative and qualitative aspect for the market in terms of value and volume, along with supporting market trends, challenges, restraints.

The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.

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:
• Business Model
• Production Capacity, Revenue, Sales, Gross Margin
• Key Business Strategy
• SWOT Analysis

In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:
• Company Share Analysis from 2018-2022
• Company Analysis by Revenue and Sales
• Company Production Capacity, Gross Margin
• Company Share Analysis by Application/End Use
• Company Share Analysis by Product/Specification.

Frequently Asked Questions
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• What is the market size and growth projection for each of the market segments and sub-segments across Countries & Regions?
• What are the top performing segments, and countries / regions of each of the markets?
• What is the market size and growth rate across key countries / regions?
• How big is the global & regional market in terms of revenue and volume?
• How far market will grow in forecast period in terms of revenue and volume?
• What factors will influence demand and supply trends across each markets during the forecast period?
• What are the technology trends shaping various markets?
• Which country / region has more opportunities?
• What is the COVID-19 impact on the market and how long will it take to recover?
• Who are the key competitors of market Players?
• What are the market share (%) of Key Players?
• What are the Merger & Acquisition, New Product Launch, Recent Development within each of the Markets?
• What are PEST analysis, Ecosystem Analysis, Porter's Five Forecast Analysis, Ansoff Matrix, and SWOT Analysis among other analyses for diverse markets?


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One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

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Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.


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