Precision Livestock Farming Growth Fueled By Increased Demand For Protein And Dairy Product Driver: Leading Transformation in the Precision Livestock Farming Market in 2025

What combination of drivers is leading to accelerated growth in the precision livestock farming market?
The anticipated increase in the need for protein and dairy products is likely to spur the expansion of the precision livestock farming market. Protein and dairy products are foods high in protein and come mainly from animal sources, especially milk. The shift in dietary habits and awareness of health and nutrition has led to a surge in demand. Precision livestock farming plays a crucial role in protein and dairy production to maximize efficiency, improve animal welfare, advance feeding management and milk harvesting, and elevate overall productivity. To illustrate, in February 2022, the United States Department of Agriculture (USDA), reported domestic milk fat and skim milk solids had seen an uptick in consumption in 2022. An increase of 0.8 billion pounds in milk fat and 0.9 billion pounds in skim milk solids were observed in comparison to the previous years. Consequently, the escalating demand for protein and dairy products propels the precision livestock farming market.

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What is the projected compound annual growth rate (CAGR) of the precision livestock farming market from 2025 to 2034, and what factors influence it?
In recent times, there's been a rapid expansion in the precision livestock farming market. It is projected to increase from a $5.04 billion value in 2024 to $5.59 billion in 2025, boasting a compound annual growth rate (CAGR) of 11.1%. This exceptional growth during the historic period is largely due to escalating demand for products derived from livestock, heightened consciousness about the wellbeing of animals, an increase in labor costs within the agricultural sector, and issues related to environmental preservation.

The market size for precision livestock farming is poised for robust growth in the imminent years, reaching $7.93 billion by 2029 at a CAGR of 9.1%. This growth during the projected period can be traced back to the shift towards making decisions based on data, the advent of precision feeding techniques, the escalation of smart farming solutions for managing livestock, the creation of wearable devices for animal health surveillance, and the broadening of precision breeding tendencies. Key trends during this forecast period would be the incorporation of the Internet of Things (IoT) in agriculture, advancements in sensor technology, the amalgamation of Artificial Intelligence (AI) and machine learning, governmental measures to upgrade farming techniques, and heightened emphasis on eco-friendly farming practices.

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How are the latest trends influencing the growth of the precision livestock farming market?
A key focus for primary businesses in the precision livestock farming market is to pioneer ground-breaking developments like deLaval optimat. This aims to enhance animal welfare and care and boost efficiency in output. DeLaval optimat is a system that harnesses the power of robotics, sensors, and software to automate livestock feeding and manage feed inventory. To illustrate, in March 2023, DeLaval, a firm based in Sweden specializing in farm machinery and tools, introduced deLaval optimat. This standalone feed robot forms part of the automated feeding solution. It's been engineered to streamline the feeding process at livestock farms through the automation of tasks associated with feed distribution and administration. It incorporates a variety of elements such as feed mixers, feed stations and a central control module, all contributing to a complete feeding solution. The system can automatically distribute feed, mix feeds at various stations, monitor in real-time, and integrate with precision analytics. Furthermore, it provides an inclusive strategy for automated feeding, meeting the ever-increasing need for better efficiency, productivity, and sustainability in livestock farming.

What are the major segments of the precision livestock farming market and their role in driving growth?
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

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Which regions are key players in the growth of 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.

Who are the key firms paving the way for growth in the precision livestock farming market?
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

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

•Market Size Forecast: Examine the precision livestock farming market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the precision livestock farming market for a structured understanding.
•Key Players Overview: Analyze major players in the precision livestock farming market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the precision livestock farming market.
•Segment Contributions: Evaluate how different segments drive overall growth in the precision livestock farming market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the precision livestock farming market.
•Industry Challenges: Identify potential risks and obstacles affecting the precision livestock farming market.
•Competitive Landscape: Review strategic developments in the precision livestock farming market, including expansions, agreements, and new product launches.

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