Precision Livestock Farming Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2019-2029 Segmented By Farm Type (Dairy Farms, Swine Farms, Poultry Farms, and Others), By System Type (Milking Robotics Systems, Precision Feeding Systems, Livestock Identification, Monitoring and Tracking Systems, By Poultry Monitoring and Robotic Systems, and Others), By Application (Milk Harvesting, Feeding Management, Livestock Health & Behavior Monitoring, and Others), By Region and Competition

  • Industry : Agriculture
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 6.28 Billion

CAGR (2024-2029)

9.51%

Fastest Growing Segment

Feeding Management

Largest Market

Europe

 

Market Overview

Global Precision Livestock Farming Market was valued at USD 6.28 Billion in 2023 and is anticipated to project impressive growth in the forecast period with a CAGR of 9.51% through 2029. Precision Livestock Farming is an intelligent technology that enables close observation and monitoring of individual animals on farms that are scaling up their operations. The primary objective of precision livestock farming is to enhance the efficiency of animal health and welfare, as well as reduce the environmental impact of livestock production. Precision feeding systems, precision milking robots, and identification & tracking technologies are widely employed in the Precision Livestock Farming Market. The utilization of sensors and smart RFID tags facilitates the tracking of farm animals and early detection of lameness, empowering farmers to take timely and appropriate actions.

Key Market Drivers

Increased Demand for Animal Protein

Precision livestock farming (PLF), characterized by the use of advanced technologies to optimize the quality and productivity of animal products, is poised for significant growth due to the rising global demand for animal protein. The escalating consumption of animal protein is being driven by factors such as expanding populations, increasing urbanization, and a general shift towards high-protein diets. Additionally, the growing awareness of the nutritional benefits of animal protein and its role in supporting human health and development is further fueling this demand. As the world population continues to increase and more people migrate to urban areas, the need for efficient and sustainable food production becomes paramount. Livestock producers face the challenge of meeting the rising demand while minimizing their environmental impact. This is where precision livestock farming comes into play. By leveraging technologies such as GPS, IoT devices, and data analytics, PLF enables farmers to closely monitor the health and growth of their animals. This real-time data empowers farmers to make informed decisions regarding feed usage, early disease detection, and overall management practices.

The precision approach of PLF not only enhances the efficiency and profitability of livestock farms but also ensures a consistent and high-quality supply of animal protein to meet the growing demand. The surge in demand for animal protein, driven by factors such as population growth, urbanization, and dietary preferences, presents a pivotal opportunity for the global growth of precision livestock farming. With its innovative use of advanced technologies and data-driven insights, PLF offers a solution to the challenges faced by livestock producers in meeting the increasing demand while ensuring sustainable and efficient production practices.

Increased Focus on Production Efficiency in Livestock Farming

The global agricultural sector is currently undergoing a significant transformation with the increased focus on production efficiency in livestock farming. This shift is anticipated to escalate the demand for Precision Livestock Farming (PLF) worldwide. PLF, a modern approach to livestock management, utilizes advanced technologies to monitor and manage animal health and productivity, promoting optimal growth conditions and ensuring animal welfare. Improved production efficiency is a key driver, as farmers aim to maximize output while minimizing resource usage, such as feed, water, and energy. PLF enables real-time monitoring of livestock, providing valuable data that can be utilized to enhance feed efficiency, disease management, and breeding programs. Furthermore, it supports environmental sustainability by reducing waste and emissions. These factors collectively contribute to a more productive and sustainable farming operation, reinforcing the global demand for PLF. As consumers increasingly value animal welfare and sustainability, the adoption of PLF is expected to grow significantly, reflecting an anticipated shift towards more efficient, data-driven, and sustainable livestock farming practices globally.

Increased Adoption of Smart Technologies in Developing Countries

The surge in the adoption of smart technologies in developing nations is poised to propel the global demand for Precision Livestock Farming (PLF). These nations, driven by the need to meet rising food demands and optimize resource utilization, are steadily embracing technology in farming. PLF, a solution that leverages advanced technologies to monitor animal health and optimize productivity, is particularly gaining traction. It utilizes IoT devices, artificial intelligence, and data analytics to monitor livestock health, reproduction, and feeding, providing real-time insights that enable farmers to make timely and informed decisions. Furthermore, smart technologies in PLF promote sustainable farming practices by focusing on animal welfare and reducing environmental impact, aligning with the global trend towards sustainability. As developing countries continue to digitize and modernize their agricultural sectors, it's anticipated that PLF will become an integral part of their farming systems, thereby driving global demand. Additionally, as these countries grow economically, their ability to invest in advanced farming solutions increases, further fueling this trend. In conclusion, the increased adoption of smart technologies in developing nations is a significant catalyst accelerating the global demand for Precision Livestock Farming.

Adoption of Climate-Smart Livestock Farming Practices

The global demand for Precision Livestock Farming (PLF) is anticipated to rise in response to broader adoption of Climate-Smart Livestock Farming Practices. These practices, which encompass the use of technology to monitor animal health and manage resources effectively, align perfectly with the principles of PLF, contributing to a symbiotic rise in demand. Climate-smart practices emphasize the importance of greenhouse gas reduction and adaptation to climate change - goals that can be achieved through the precision and control offered by PLF systems. With PLF, farmers can monitor livestock health and environmental impact in real time, enabling immediate response and minimal resource wastage. As the agricultural sector faces pressure to reduce its environmental footprint, PLF offers a solution that not only meets this demand but also improves farm productivity. Furthermore, the use of PLF aligns with the evolving consumer expectation for sustainable and ethically produced food. As awareness of climate change grows, consumers are increasingly demanding transparency in food production, a demand that can be met by the data-driven approach of PLF. Overall, the convergence of environmental, economic, and social trends is likely to drive significant growth in the demand for Precision Livestock Farming globally.


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Key Market Challenges

Lack Of Standardized Regulations

The global Precision Livestock Farming market is experiencing a downturn, largely due to the Lack of Standardized Regulations across borders. The absence of uniform and universally accepted rules and standards for Precision Livestock Farming is creating significant roadblocks for stakeholders. This is particularly true in international trade scenarios where different countries have disparate regulations, leading to inconsistencies and uncertainties. Farmers, breeders, and agribusiness firms are often unsure about the legal and regulatory implications of incorporating Precision Livestock Farming techniques, with questions revolving around animal welfare, data privacy, and the use of certain technologies. This ambiguity discourages many potential users from adopting these methods, curtailing market growth significantly.

The lack of standardized guidelines also stifles innovation in the sector. Without clear rules to guide the development and application of Precision Livestock Farming technologies, companies may find it risky to invest in research and development. This lack of innovation could lead to stagnation in the market, further diminishing demand. Overall, the lack of standardized regulations casts a shadow over the potential benefits of Precision Livestock Farming, deterring its widespread adoption and hence, contributing to a global decrease in demand.

High Initial Investment Costs

Precision Livestock Farming (PLF) presents a revolutionary approach to livestock management, offering real-time monitoring and data-driven decision-making to enhance productivity and animal welfare. However, high initial investment costs pose a significant barrier to its global adoption. Investing in PLF technology often involves substantial upfront expenses, including the purchase of sophisticated monitoring equipment, the upgrading of existing infrastructure to support the new technology, and the provision of training to staff members for effective utilization of the system. For many farmers, particularly in developing regions, these costs may be prohibitive. Furthermore, the return on investment (ROI) may not be immediately apparent, as the benefits of PLF are typically realized over the long term through improved productivity and efficiency. As such, the upfront financial burden may deter farmers from adopting PLF, potentially reducing global demand. While financing options and government subsidies could help mitigate these costs, their availability may vary widely across different regions, further exacerbating global disparities in PLF adoption. Consequently, strategies focused on reducing initial investment costs will be crucial to promoting the widespread application of PLF and unlocking its substantial benefits for sustainable livestock management globally.

Key Market Trends

Increase in Demand for High-Quality Livestock Products

The global surge in demand for high-quality livestock products is expected to propel the growth of Precision Livestock Farming (PLF). Consumers today are increasingly conscious of their dietary choices and demand superior quality, ethically sourced, and nutritious livestock products — a trend that is expected to continue. This compels livestock producers to adopt more efficient, sustainable, and precise farming practices, opening a gateway for PLF technologies. These technologies, through real-time monitoring and data analysis, allow farmers to optimize animal health management and productivity. Furthermore, they ensure high product quality by enabling better disease detection and reduction in the use of antibiotics. The use of PLF also facilitates the adherence to animal welfare standards, a factor deemed crucial by modern consumers. Adopting these advanced farming techniques contributes to the development of a sustainable and efficient food production system, hence aligning with the growing consumer demand. Given this alignment, it's reasonable to anticipate a significant rise in the global demand for Precision Livestock Farming solutions.

Rising Labor Costs Leading to Automation in Farming

The global farming industry is increasingly facing the challenge of rising labor costs. This, in turn, has led to a growing interest in automation as a means to maintain profitability. Consequently, Precision Livestock Farming (PLF), a technologically-driven approach to farm management that employs IoT devices, robotics, and data analytics, is expected to see a surge in demand globally. PLF allows for continuous, automatic monitoring of individual animals, enabling farmers to make more informed decisions based on real-time data and significantly reduce labor demands. This high-tech approach to farming can lead to increased productivity and improved animal welfare, offering a sustainable solution to the labor cost issue. Moreover, the use of PLF has the potential to reduce the environmental impact of farming by making resource use more efficient. The convergence of these factors suggests a promising future for PLF, with increasing global demand driven by the need for cost-effective, sustainable, and efficient farming solutions in the face of climbing labor costs.

Segmental Insights

Farm Type Insights

Based on the Farm Type, the Dairy Farms segment is currently dominating the Global Precision Livestock Farming Market. This is due to the increasing adoption of precision livestock farming technology in dairy farms. The need for efficient milk production processes, improved animal health management, and the growing demand for quality dairy products worldwide have been the key drivers behind this trend. In dairy farms, precision livestock farming technology allows for precise monitoring of animal health, optimizing feed management, and ensuring proper environmental conditions for maximum productivity. By leveraging these advancements, dairy farmers can enhance their operations, increase milk production, and meet the ever-growing demands of consumers for high-quality dairy products.

Application Insights

Based on the Application, Milk Harvesting currently dominates the precision livestock farming sector. This is primarily attributed to the surging demand for efficiency in dairy farming, coupled with the widespread adoption of advanced technologies to enhance milk production. The integration of advanced devices and systems for precision milk harvesting has revolutionized the industry, offering significant benefits such as consistent milk quality, optimal milk yield, and improved animal health status.

The process of precision milk harvesting not only benefits the farmers but also plays a crucial role in meeting the growing demand for high-quality dairy products. By ensuring consistent milk quality and optimal milk yield, it contributes to the production of nutritious and safe dairy products that meet consumer expectations. This, in turn, strengthens consumer confidence and promotes the sustainable growth of the dairy industry. With its ability to ensure precise and efficient milk collection, this segment has emerged as a frontrunner in the precision livestock farming market, driving innovation and setting new benchmarks for the industry as a whole. As technology continues to advance, we can expect further advancements in milk harvesting techniques, ultimately leading to even greater efficiency, productivity, and sustainability in the dairy farming sector.


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Regional Insights

Europe is at the forefront of the Global Precision Livestock Farming Market. The region's leadership is driven by its adoption of advanced farming techniques, such as precision feeding and automated monitoring systems, which enable efficient and sustainable livestock farming practices. Additionally, Europe's strong emphasis on animal health and welfare ensures optimal conditions for livestock, resulting in higher productivity and quality of products. Furthermore, supportive government policies and regulations incentivize the implementation of precise and sustainable farming practices, creating a conducive environment for growth and innovation in the industry. As a result, Europe continues to pave the way for the future of precision livestock farming on a global scale.

Recent Developments

  • In March 2021, Lely, a manufacturer of milking robots and barn automation systems, will introduce a new milk sampling device to the market. The system, known as the 'Sampler for Lely Astronaut', is designed to be used in conjunction with milking robots. Notably, this device does not contain any electronic components, making it exceptionally user-friendly and easy to maintain.
  • In June 2020, Quantified Ag, a data and analytics company specializing in animal health monitoring, was acquired by MSD Animal Health, the parent company of Allflex. As a result of this merger, farmers will have access to a comprehensive range of complementary products from both companies, empowering them with real-time information to enhance animal health management.
  • In May 2018, Dairymaster, a leading provider of hi-tech solutions for dairy farming, joined forces with Beijing Kingpeng Global Husbandry Technology Co., LTD (KPGH), a high-tech Chinese enterprise specializing in the planning and construction of modern livestock farms and turnkey projects. This collaboration aims to bring the most advanced agricultural technology to Chinese farms, ensuring they benefit from the best solutions available worldwide.

Key Market Players

  • DeLaval Holding AB
  • Allflex USA, Inc.
  • GEA Group Aktiengesellschaft
  • Afimilk Agricultural Cooperative Ltd.
  • BouMatic, LLC
  • Lely International NV
  • Dairymaster
  • Livestock Improvement Corporation
  • Fancom BV
  • Fullwood Packo SAS

 

By Farm Type

By System Type

By Application

By Region
  • Dairy Farms
  • Swine Farms
  • Poultry Farms
  • Others
  • Milking Robotics Systems
  • Precision Feeding Systems
  • Livestock Identification
  • Monitoring & Tracking Systems
  • Poultry Monitoring & Robotic Systems
  • Others
  • Milk Harvesting
  • Feeding Management
  • Livestock Health & Behavior Monitoring
  • Others
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Precision Livestock Farming Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Precision Livestock Farming Market, By Farm Type:

o   Dairy Farms

o   Swine Farms

o   Poultry Farms

o   Others

  • Precision Livestock Farming Market, By System Type:

o   Milking Robotics Systems

o   Precision Feeding Systems

o   Livestock Identification

o   Monitoring & Tracking Systems

o   Poultry Monitoring & Robotic Systems

o   Others

  • Precision Livestock Farming Market, By Application:

o   Milk Harvesting

o   Feeding Management

o   Livestock Health & Behaviour Monitoring

o   Others

  • Precision Livestock Farming Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Precision Livestock Farming Market.

Available Customizations:

Global Precision Livestock Farming market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Precision Livestock Farming Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validations

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

3.6.  Voice of Customer

4.    Global Precision Livestock Farming Market Outlook

4.1.  Market Size & Forecast

4.1.1.    By Value

4.2.  Market Share & Forecast

4.2.1.    By Farm Type (Dairy Farms, Swine Farms, Poultry Farms, and Others)

4.2.2.    By System Type (Milking Robotics Systems, Precision Feeding Systems, Livestock Identification, Monitoring & Tracking Systems, Poultry Monitoring & Robotic Systems, and Others)

4.2.3.    By Application (Milk Harvesting, Feeding Management, Livestock Health & Behavior Monitoring, and Others)

4.2.4.    By Region

4.2.5.    By Company (2023)

4.3.  Market Map

5.    North America Precision Livestock Farming Market Outlook

5.1.  Market Size & Forecast       

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Farm Type

5.2.2.    By System Type

5.2.3.    By Application

5.2.4.    By Country

5.3.  North America: Country Analysis

5.3.1.    United States Precision Livestock Farming Market Outlook

5.3.1.1.        Market Size & Forecast

5.3.1.1.1.           By Value

5.3.1.2.        Market Share & Forecast

5.3.1.2.1.           By Farm Type

5.3.1.2.2.           By System Type

5.3.1.2.3.           By Application

5.3.2.    Canada Precision Livestock Farming Market Outlook

5.3.2.1.        Market Size & Forecast

5.3.2.1.1.           By Value

5.3.2.2.        Market Share & Forecast

5.3.2.2.1.           By Farm Type

5.3.2.2.2.           By System Type

5.3.2.2.3.           By Application

5.3.3.    Mexico Precision Livestock Farming Market Outlook

5.3.3.1.        Market Size & Forecast

5.3.3.1.1.           By Value

5.3.3.2.        Market Share & Forecast

5.3.3.2.1.           By Farm Type

5.3.3.2.2.           By System Type

5.3.3.2.3.           By Application

6.    Europe Precision Livestock Farming Market Outlook

6.1.  Market Size & Forecast       

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Farm Type

6.2.2.    By System Type

6.2.3.    By Application

6.2.4.    By Country

6.3.  Europe: Country Analysis

6.3.1.    Germany Precision Livestock Farming Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Farm Type

6.3.1.2.2.           By System Type

6.3.1.2.3.           By Application

6.3.2.    United Kingdom Precision Livestock Farming Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Farm Type

6.3.2.2.2.           By System Type

6.3.2.2.3.           By Application

6.3.3.    Italy Precision Livestock Farming Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Farm Type

6.3.3.2.2.           By System Type

6.3.3.2.3.           By Application

6.3.4.    France Precision Livestock Farming Market Outlook

6.3.4.1.        Market Size & Forecast

6.3.4.1.1.           By Value

6.3.4.2.        Market Share & Forecast

6.3.4.2.1.           By Farm Type

6.3.4.2.2.           By System Type

6.3.4.2.3.           By Application

6.3.5.    Spain Precision Livestock Farming Market Outlook

6.3.5.1.        Market Size & Forecast

6.3.5.1.1.           By Value

6.3.5.2.        Market Share & Forecast

6.3.5.2.1.           By Farm Type

6.3.5.2.2.           By System Type

6.3.5.2.3.           By Application

7.    Asia-Pacific Precision Livestock Farming Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Farm Type

7.2.2.    By System Type

7.2.3.    By Application

7.2.4.    By Country

7.3.  Asia-Pacific: Country Analysis

7.3.1.    China Precision Livestock Farming Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Farm Type

7.3.1.2.2.           By System Type

7.3.1.2.3.           By Application

7.3.2.    India Precision Livestock Farming Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Farm Type

7.3.2.2.2.           By System Type

7.3.2.2.3.           By Application

7.3.3.    Japan Precision Livestock Farming Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Farm Type

7.3.3.2.2.           By System Type

7.3.3.2.3.           By Application

7.3.4.    South Korea Precision Livestock Farming Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Farm Type

7.3.4.2.2.           By System Type

7.3.4.2.3.           By Application

7.3.5.    Australia Precision Livestock Farming Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Farm Type

7.3.5.2.2.           By System Type

7.3.5.2.3.           By Application

8.    South America Precision Livestock Farming Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Farm Type

8.2.2.    By System Type

8.2.3.    By Application

8.2.4.    By Country

8.3.  South America: Country Analysis

8.3.1.    Brazil Precision Livestock Farming Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Farm Type

8.3.1.2.2.           By System Type

8.3.1.2.3.           By Application

8.3.2.    Argentina Precision Livestock Farming Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Farm Type

8.3.2.2.2.           By System Type

8.3.2.2.3.           By Application

8.3.3.    Colombia Precision Livestock Farming Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Farm Type

8.3.3.2.2.           By System Type

8.3.3.2.3.           By Application

8.3.3.2.4.            

9.    Middle East and Africa Precision Livestock Farming Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Farm Type

9.2.2.    By System Type

9.2.3.    By Application

9.2.4.    By Country

9.3.  MEA: Country Analysis

9.3.1.    South Africa Precision Livestock Farming Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Farm Type

9.3.1.2.2.           By System Type

9.3.1.2.3.           By Application

9.3.2.    Saudi Arabia Precision Livestock Farming Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Farm Type

9.3.2.2.2.           By System Type

9.3.2.2.3.           By Application

9.3.3.    UAE Precision Livestock Farming Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Farm Type

9.3.3.2.2.           By System Type

9.3.3.2.3.           By Application

10. Market Dynamics

10.1.  Drivers

10.2.  Challenges

11. Market Trends & Developments

11.1.             Recent Development

11.2.             Mergers & Acquisitions

11.3.             Product Launches

12. Global Precision Livestock Farming Market: SWOT Analysis

13. Porter’s Five Forces Analysis

13.1.             Competition in the Industry

13.2.             Potential of New Entrants

13.3.             Power of Suppliers

13.4.             Power of Customers

13.5.             Threat of Substitute Products

14. Competitive Landscape

14.1.             DeLaval Holding AB

14.1.1. Business Overview

14.1.2. Product Offerings

14.1.3. Recent Developments

14.1.4. Key Personnel

14.1.5. SWOT Analysis

14.2.             Allflex USA, Inc.

14.3.             GEA Group Aktiengesellschaft

14.4.             Afimilk Agricultural Cooperative Ltd.

14.5.             BouMatic, LLC

14.6.             Lely International NV

14.7.             Dairymaster

14.8.             Livestock Improvement Corporation

14.9.             Fancom BV

14.10.          Fullwood Packo SAS

15. Strategic Recommendations

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Precision Livestock Farming Market was estimated to be USD 6.28 Billion in 2023.

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Milk harvesting dominates the precision livestock farming sector due to increased demand for efficiency in dairy farming and the adoption of advanced technologies. Precision milk harvesting revolutionizes the industry by offering benefits like consistent milk quality, optimal yield, and improved animal health. This segment drives innovation and sets new benchmarks in the precision livestock farming market.

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Europe is currently at the forefront of the Global Precision Livestock Farming Market. This is due to advanced farming techniques, prioritization of animal health and welfare, and supportive government policies that promote precise and sustainable livestock farming practices.

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Increased demand for animal protein and increased focus on production efficiency in livestock farming are the major drivers for the Global Precision Livestock Farming Market.

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Business Consultant
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Feb, 2024

Adoption of climate-smart livestock farming practices and increase in demand for high-quality livestock products is expected to drive the Global Precision Livestock Farming Market growth in the forec

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