Press release
Global Artificial Intelligence (AI) In Precision Livestock Farming Market Projected to Grow at 25.7% CAGR, Reaching $6.73 Billion by 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Artificial Intelligence (AI) In Precision Livestock Farming Industry Market Size Be by 2025?
There has been a remarkable expansion in the artificial intelligence (ai) market specifically within precision livestock farming. Its market value is projected to surge from $2.11 billion in 2024 to $2.7 billion in 2025, boasting a compound annual growth rate (CAGR) of 27.6%. The historic growth in this sector is linked to the enhancement of precision farming, increased application of predictive analytics, growing appetite for high-quality livestock products, advancement in precision agriculture, and the escalating concern over animal welfare.
What's the Long-Term Growth Forecast for the Artificial Intelligence (AI) In Precision Livestock Farming Market Size Through 2029?
The market size for artificial intelligence in precision livestock farming is anticipated to experience remarkable expansion in the coming few years, with an estimation to reach to $6.73 billion by 2029, growing at a compound annual rate of 25.7%. This projected growth within the forecast period could be linked to the increasing implementation of smart farming techniques, the requirement for effective livestock management, expanding global population and food necessities, surging demand for sustainable farming, emphasis on animal health and illness management, as well as the growing need to withstand climate change. The future trends include automated surveillance, illness identification and prevention, automatic feeding systems, automated climate regulation systems, computer vision techniques, the internet of things (IoT), remote tracking and management, and sensor technology advancements.
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What Are the Key Growth Drivers Fueling the Artificial Intelligence (AI) In Precision Livestock Farming Market Expansion?
The growth of artificial intelligence (AI) in precision livestock farming is anticipated to be driven by the rising consumption of poultry and dairy products. The term refers to the usage of food items sourced from poultry (including chickens, ducks, and turkeys) and dairy animals (like cows, goats, and sheep). With a rapidly growing population and increasing awareness of the nutritional benefits offered by these products, their consumption is on the rise. AI plays a critical role in precision livestock farming for poultry and dairy production, as it enhances efficiency, enables animal health monitoring, optimizes feed management, and refines reproductive practices, resulting in boosted productivity and sustainability. For example, the Belgium-based executive branch of the European Union (EU), as reported by the European Commission (EC) in August 2023, witnessed a 0.8% rise in raw milk production in the EU in the first half of 2023. Consequently, the escalating consumption of poultry and dairy products is stimulating the growth of AI in precision livestock farming.
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What Are the Key Trends Driving Artificial Intelligence (AI) In Precision Livestock Farming Market Growth?
Firms with a prominent presence in the precision livestock farming industry are concentrating on creating innovative technology solutions like automated feeding mechanisms to enhance animal health and augment production efficacy. These systems utilize AI algorithms to scrutinize real-time data procured from diverse sensors that observe animal behavior, weight, and environmental parameters. For instance, Precision Livestock Technologies Inc., a software and hardware solutions provider based in the US, focusing on livestock feeding and health, rolled out an AI system in January 2024, designed to forecast cattle feed intake and suggest feeding. The system uses data gathered from PLT's Bunk Management System and external sources to refine feeding tactics, with the aim of perfecting feeding practices by making daily quantitative feeding predictions. It factors in feeding rates, feeding times, cattle behavior, ration type, and weather conditions to create daily quantitative feeding recommendations with the intention of maximizing feeding practices.
How Is the Artificial Intelligence (AI) In Precision Livestock Farming Market Segmented?
The artificial intelligence (AI) in precision livestock farming market covered in this report is segmented -
1) By Type: Machine Learning, Computer Vision, Natural Language Processing (NLP)
2) By Livestock Type: Dairy Cattle, Poultry, Swine, Cattle, Aquaculture
3) By Technology Providers: Startups And Small Companies, Agricultural Equipment Manufacturers, Established Technology Companies, Research Institutions And Universities
4) By Application: Automated Animal Health Monitoring, Precision Feeding, Environmental Monitoring, Disease Detection And Prevention, Reproduction Management, Behavioral Analysis And Animal Welfare, Data Analytics
Subsegments:
1) By Machine Learning: Predictive Analytics, Pattern Recognition, Decision Support Systems
2) By Computer Vision: Image Recognition, Animal Behavior Monitoring, Visual Health Monitoring
3) By Natural Language Processing (NLP): Voice Command Recognition, Animal Communication Interpretation, Textual Data Analysis
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Which Companies Are Leading the Charge in Artificial Intelligence (AI) In Precision Livestock Farming Market Innovation?
Major companies operating in the artificial intelligence (AI) in precision livestock farming market report are Microsoft Corporation; Cargill Incorporated; Amazon Web Services Inc.; Intel Corporation; International Business Machines Corporation; NVIDIA Corporation; Tetra Laval International SA; Zoetis Inc.; GEA Group AG; Big Dutchman International GmbH; Rex Animal Health Inc.; Neogen Corporation; DeLaval International AB; Nedap N.V.; Climate Corporation; Lely International Holding B.V.; Cainthus Holdings Ltd (Ever.Ag); Trioliet B.V.; Waikato Milking System; Afimilk Ltd; Hokofarm Group B.V.; AgriWebb; SwineTech Inc; BinSentry Inc; Fancom B.V.; Connecterra B.V.; SomaDetect Inc.
Which Regions Are Leading the Global Artificial Intelligence (AI) In Precision Livestock Farming Market in Revenue?
North America was the largest region in the artificial intelligence (AI) in the precision livestock farming market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence (AI) in precision livestock farming market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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