Advancements and Market Dynamics in Precision Livestock Farming

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The Global Precision Livestock Farming Market Size is Anticipated to Exceed USD 8.76 Billion by 2033, Growing at a CAGR of 8.71% from 2023 to 2033.

A Comprehensive historical analysis of Precision Livestock Farming Market has thoroughly analyzed in this report. It offers data and insights from 2019-2022, and provides extensive market forecasts from 2023-2033 by region/country and subsectors. It covers the price, sales volume, revenue, historical growth, gross margin, and future outlooks for the Precision Livestock Farming market.

The Global Precision Livestock Farming Market Size is Anticipated to Exceed USD 8.76 Billion by 2033, Growing at a CAGR of 8.71% from 2023 to 2033.

The report includes growth prospects in the global Precision Livestock Farming market by type, application, sub segement and region and QMI has compiled a comprehensive detailed research report to offer insights. The report details consumption in the Agriculture and other sectors. Regional coverage spans North America, Europe, and rest of the world including Asia Pacific.

Market Overview

Precision Livestock Farming (PLF) encompasses the use of integrated sensor technologies, algorithms, interfaces, and animal husbandry practices to enhance animal production. Although PLF technology is applicable across all animal production methods, it is most extensively explored in dairy farming. The field of PLF is rapidly evolving, moving from mere health alerts to comprehensive decision-making systems. It incorporates both external and internal data, including sensor and production information from animals. However, many of the proposed and commercially available applications have yet to undergo scientific evaluation, leaving uncertainties about their impact on animal health, productivity, and welfare.

For example, in February 2022, a research team at the University of Tennessee Institute of Agriculture received a $1 million grant to develop and implement a computer vision system for tracking chicken production. This funding was provided by the USDA National Institute of Food and Agriculture’s Agriculture and Food Research Initiative.

The transition from precision to decision-based livestock farming is a major driver of market growth, alongside increasing labor costs and the demand for automation in the livestock sector.

Leading players of Precision Livestock Farming including:

  • Afimilk Agricultural Cooperative Ltd
  • Aleis Pty Ltd
  • Allflex USA
  • BouMatic
  • Cainthus
  • Connecterra
  • Dairymaster
  • DeLaval Holding AB
  • Fancom BV
  • Fullwood Packo SAS
  • GEA Group
  • Aktiengesellschaft
  • HokoFarm-Group
  • IceRobotics,
  • Others

 

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Market split by Segement, can be divided into:

 By Offering

  • Software
  • Hardware
  • Services

 

By Technology

  • Identification & Tracking
  • Milking Robots
  • Precision Feeding Systems

Market segment by Region/Country including:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Uk
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

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  • In March 2024,  the Ministry of Fisheries, Animal Husbandry, and Dairying, Government of India, launched a ground-breaking program under the National Digital Livestock Mission in an attempt to transform the livestock farming industry. '1962', the Farmers Mobile Application, is the most recent addition to this project and can be downloaded from the Google Play Store.

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Whats covered in the report?

  • 1. Overview of the Precision Livestock Farming market.
  • 2. The current and forecasted regional (North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa) market size data for the Precision Livestock Farming market, based on segement.
  • 3. Precision Livestock Farming Market trends.
  • 4. Precision Livestock Farming Market drivers.
  • 5. Analysis of major company profiles.

Reasons to buy this Market Report:


1. Save time carrying out entry-level research by identifying the size, growth, and leading players in the emerging Precision Livestock Farming market.
2. Use the SWOT analysis to determine the competitive intensity and therefore attractiveness of the emerging Precision Livestock Farming Industry.
3. Leading company profiles reveal details of key Precision Livestock Farming market players emerging five operations and financial performance.
4. Add weight to presentations and pitches by understanding the future growth prospects of the emerging Precision Livestock Farming market with five year historical forecasts.
5. Compares data from North America, South America, Asia Pacific Europe and Middle East Africa, alongside individual chapters on each region.
6. Extensive information on factors that will amplify the growth of the Precision Livestock Farming market over the upcoming seven years
7. Accurate estimation of the global Precision Livestock Farming market size
8. Exact estimations of the upcoming trends and changes observed in the consumer behavior
9. Growth of the global Precision Livestock Farming market across the North & South America, EMEA, Asia Pacific, and Latin America
10. Information about Precision Livestock Farming market growth potential
11. In-depth analysis of the industry’s competitive landscape and detailed information vis-a-vis on various vendors
12. Furnishing of detailed information on the factors that will restrain the growth of the Precision Livestock Farming market

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