Absolute Market Insights recent analysis of the Animal AgTech Market finds that the increasing demand from the consumers regarding better animal welfare and enhanced sustainability in the livestock sector is expected to witness maximum growth in the Animal AgTech during the forecast period. The global Market revenue stood at a value USD 12.9 Bn in the year 2021.
Market Synopsis
Animal AgTech basically is utilization of technologies in the farming of livestock. Animal AgTech on the basis of different parameters, such as forward/backward integration, economies of scale, the share of various distribution channels, various factors affecting consumer behaviour such as brand loyalty, price, and product availability among others, capital investments, regulatory landscape, production rights and patents, promotional strategies, and other customer preferences. This data is likely to help the industry stakeholders and stimulate the decision-making process.
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Key Insights & Findings from the Report:
- According to our primary respondents’ research, the Animal AgTech Market is predicted to grow at a CAGR of roughly 10.10% during the forecast period.
- The Animal AgTech Market was estimated to be worth roughly 12.9 Bnin 2021 and is expected to reach USD 20.8 Bn by 2028; based on primary research.
- On the basis of region, Animal AgTech Market is projected to dominate worldwide.
Market Dynamics:
Industry Analysis:
The report covers exhaustive analysis on the global Animal AgTech Market. Industry, which includes market trends, drivers, restraints, opportunities, segmental analysis, regional trends, and competitive landscape among others. It includes an extensive competitive landscape covering key players in the industry and their comparative study on the basis of different parameters such as company overview, product portfolio, market revenue, business, and marketing strategies. Moreover, the report covers a thorough analysis drivers, restraints, and opportunities considering regional growth factors, technological advancements, and availability of substitute, regulatory norms, and such other growth impacting factors.
Drivers:
Rising demand from consumers regarding better animal welfare and enhanced sustainability in the livestock sector..Latest innovations that have been introduced in an attempt to let farmers keep a real-time track of the health of their cattle which helps them at keeping diseases and infections at bay.
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COVID-19 Impact Analysis:
The COVID-19 outbreak has affected various industries worldwide. Governments worldwide implemented strict lockdown measures and social distancing norms to restrict the swift spread of the pandemic. Manufacturing facilities worldwide were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pervasive might lead to a significant delay in the commercial roll-out of the packaging industry. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2020. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:
- Quarterly Market Revenue Forecast by Asia Pacific 2020 & 2021
- Key Strategies Undertaken by Companies to Tackle COVID-19
- Long Term Dynamics
- Short Term Dynamics
- Impact Assessment of COVID-19 Pandemic
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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The Report on Animal AgTech Market Highlights:
- Assessment of the market
- Premium Insights
- Competitive Landscape
- COVID Impact Analysis
- Historical Data, Estimates, and Forecast
- Company Profiles
- Global and Regional Dynamics
Regional Analysis:
Region wise, the animal agtech market has been divided into Latin America, Europe, North America, Asia-Pacific and Middle East & Africa. Over the forecast period, the region of North America is forecasted to dominate in terms of market share. This is mainly because of technological advancements done by the agriculture sector and increased awareness amongst the farmers. Farmers are being encouraged to utilize animal agtech, which not ensures safety and well-being of their cattle but also the profitability.
List of Prominent Players in Animal AgTech:
- AGDATA Australia
- AgriWebb
- Armenta
- BinSentry Inc.
- CattleMax
- Chetu Inc.
- Farmbrite
- Folio3 Software Inc.
- Global Livestock Management Systems LLC
- Landmark Systems
- Livestocked
- Moonsyst International
- Nedap Livestock Management
- Simple Ag Solutions
- Telit
- White Mountains Livestock Company LLC
- Other Market Participants
Key questions answered in the report:
- Which regional market will show the highest and rapid growth?
- Which are the top five players of the Animal AgTech?
- How will the Animal AgTech change in the upcoming six years?
- Which application and product will take a lion’s share of the Animal AgTech?
- What is the Animal AgTech drivers and restrictions?
- What will be the CAGR and size of the Animal AgTech throughout the forecast period?
This market titled Animal AgTech will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:
Market Size Provided for Years – 2016-2028
Base Year – 2021
Historic Years – 2016-2020
Forecast Years – 2022-2028
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Segments Covered
- Offering
- Solutions,
- Services
- Deployment
- Cloud,
- On Premise
- Platform
- Web-based,
- App-based
- Farm Size
- Small and Medium Farms,
- Large Farms
Region & Counties Covered
- North America
- The U.S.
- Canada
- Mexico
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Report Coverage
- Market growth drivers
- restraints, opportunities
- Porter’s five forces analysis
- PEST analysis
- Value chain analysis
- Regulatory landscape
- Technology landscape
- Patent analysis
- Market attractiveness analysis by segments and Regional
- Company market share analysis
- COVID-19 impact analysis
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