Precision Livestock Farming Market Poised for 9.1 % Growth, Set to Hit $20.29 Billion by 2029

How Is the Precision Livestock Farming Market Projected to Grow, and What Is Its Market Size?
The precision livestock farming market has experienced substantial growth in recent years. It will rise from $5.04 billion in 2024 to $5.59 billion in 2025, at a CAGR of 11.1%. This growth is attributed to the growing demand for livestock products, heightened awareness of animal welfare, rising labor costs in agriculture, and environmental concerns.

The precision livestock farming market is expected to see robust growth, reaching $7.93 billion by 2029, with a CAGR of 9.1%. This growth is due to a shift toward data-driven decision-making, the rise of precision feeding techniques, the expansion of smart farming solutions for livestock management, the development of wearable health-monitoring devices for animals, and the growth of precision breeding practices. Major trends include IoT adoption in agriculture, advancements in sensor technology, AI and machine learning integration, government efforts to modernize farming, and a focus on sustainable farming practices.

What Are the Key Drivers Behind the Growth of the Precision Livestock Farming Market?
The growing need for protein and dairy products is set to accelerate the expansion of the precision livestock farming market. Protein and dairy products, which include animal-derived food items rich in protein, are in high demand due to evolving dietary preferences and increased awareness of nutrition and health benefits. Precision livestock farming plays a crucial role in improving efficiency, enhancing animal welfare, optimizing feeding processes, and increasing productivity in the dairy and protein industries. For example, in February 2022, the United States Department of Agriculture (USDA) reported an increase in domestic consumption of milk fat and skim milk solids in 2022, with a rise of 0.8 billion pounds for milk fat and 0.9 billion pounds for skim milk solids. Consequently, the rising demand for protein and dairy products is fueling the precision livestock farming market.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14460&type=smp

Who Are the Major Industry Players Fueling Precision Livestock Farming Market Expansion?
Major companies operating in the precision livestock farming market are Tetra Laval International SA, Zoetis Inc., Lely International Holding B.V., Neogen Corporation, DeLaval International AB, Nedap N.V., Fullwood Paco Ltd., BouMatic Inc., Waikato Milking Systems Ltd., VDL Agrotech B.V., Trioliet B.V., Dairymaster Inc., GEA Farm Technologies GmbH, Allflex Nederland B.V., Fancom B.V., Big Dutchman International GmbH, Connecterra B.V., IceRobotics Ltd., Moocall LLC, Afimilk Agricultural Cooperative Ltd., Cowlar Inc., Farm Control Oy, HokoFarm-Group GmbH, Agrispectral Technologies Inc., Scana Animal Health AB

Which Key Developments Are Influencing the Precision Livestock Farming Market?
Key players in the precision livestock farming market are focusing on innovations like DeLaval Optimat to enhance animal welfare and increase operational efficiency. DeLaval Optimat is an automated system integrating sensors, software, and robotics to manage livestock feeding and feed inventory. For example, in March 2023, DeLaval, a Sweden-based farm machinery and equipment company, launched DeLaval Optimat, an autonomous feeding robot that forms part of an automated feeding solution. This system streamlines livestock feeding by automating tasks related to feed distribution and management. The solution includes feed stations, mixers, and a centralized control unit, providing an all-encompassing feeding system. Key features include automatic feed distribution, feed mixing stations, real-time monitoring, and integration with precision analytics, addressing the industry's need for improved efficiency, productivity, and sustainability.

How Is the Segmentation of the Precision Livestock Farming Market Defined?
The precision livestock farming market covered in this report is segmented -

1) By Offering: Hardware, Software, Services
2) By Farm Type: Dairy Farms, Poultry Farms, Swine Farms, Other Farm Types
3) By Technology: Identification And Tracking, Milking Robotic Systems, Poultry Monitoring and Robotic Systems, Precision Feeding Systems, Sensors And Monitoring Devices
4) By Application: Livestock Health And Behavior Monitoring Management, Environmental Monitoring, Feed Management, Milk Harvesting, Sorting, Animal Weighing Data Analysis, And Financial, Waste Management

Subsegments:
1) By Hardware: Livestock Monitoring Devices, Automated Feeding Systems, Environmental Control Systems, Livestock Health Monitoring Tools, Drones for Monitoring Livestock, RFID (Radio Frequency Identification) Tags for Animal Tracking
2) By Software: Animal Tracking and Management Software, Health and Behavior Analytics Software, Farm Management Software (FMS), Data Integration and Visualization Software, Predictive Analytics and Decision Support Software
3) By Services: Data Collection and Analysis Services, Consulting and Advisory Services, Veterinary and Animal Health Services, System Installation and Maintenance Services, Training and Support Services

Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/precision-livestock-farming-global-market-report

What Is the Leading Region in the Precision Livestock Farming Market?
Europe was the largest region in the precision livestock farming market in 2024. The regions covered in the precision livestock farming market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Precision Livestock Farming Global Market Report?

- Market Size Analysis: Analyze the Precision Livestock Farming Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Precision Livestock Farming Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Precision Livestock Farming Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Precision Livestock Farming Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14460

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.