Precision Livestock Farming Market Anticipated To Witness Robust Growth, Surpassing $7.93 Billion By 2029

The Precision Livestock Farming Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Current Precision Livestock Farming Market Size and Its Estimated Growth Rate?
The market size for precision livestock farming has experienced quick expansion in the recent past. The market, which was valued at $5.04 billion in 2024, is projected to reach $5.59 billion in 2025, representing a compound annual growth rate (CAGR) of 11.1%. Factors contributing to this historical growth include mounting demand for livestock commodities, amplified consciousness about animal health and welfare, increased farming labor expenses, and environmental considerations.

In the next few years, the market size for precision livestock farming is anticipated to experience significant growth, swelling to a robust $7.93 billion in 2029 with a compound annual growth rate (CAGR) of 9.1%. This upsurge during the forecast period can be credited to several factors such as the application of data analysis in decision-making, the advent of precision feeding practices, the rise of intelligent farming solutions for livestock management, the creation of wearable devices for monitoring animal health, and the proliferation of precision breeding methods. Other major trends shaping this timeframe include the integration of the internet of things (IoT) into agriculture, breakthroughs in sensor technology, the convergence of artificial intelligence (AI) and machine learning, government-led efforts to update farming practices, and a growing emphasis on sustainable agriculture methods.

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How Are Emerging Segments Shaping the Precision Livestock Farming Market Landscape?
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 Growth Factors Are Influencing Precision Livestock Farming Market Expansion?
The precision livestock farming market's growth is projected to be spurred by an increasing demand for protein and dairy products. These products, which are replete with protein and sourced principally from animals, particularly milk, are popular due to shifting food preferences and increased awareness of nutrition and health. Precision livestock farming plays a pivotal role in maximising efficiency in protein and dairy production, fostering better animal welfare, refining feeding management and milk collection and boosting overall productivity. For instance, the US-based United States Department of Agriculture (USDA) reported in February 2022 that domestic intake of milk fat and skim milk solids had risen in 2022. Milk fat consumption went up by 0.8 billion pounds, and skim milk solids by 0.9 billion pounds, compared to previous years. Hence, the burgeoning demand for protein and dairy goods is driving the growth of the precision livestock farming market.

Who Are the Dominant Players Across Different Precision Livestock Farming Market Segments?
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

What Are the Latest Developing Trends in the Precision Livestock Farming Market?
Leading firms in the precision livestock farming market are concentrating on creating innovative improvements such as deLaval optimat to enhance animal care, welfare, and heighten production efficiency. The deLaval system utilizes automation for feeding livestock, incorporating sensors, software and robotics for feed distribution and inventory management. For example, in March 2023, deLaval, a farm machinery and equipment enterprise based in Sweden, introduced the deLaval optimat. This innovative autonomous feeding robot, part of the automated feeding solution, is engineered to enhance and automate the feeding process on livestock farms. The system comprises of various elements like feed stations, feed mixers, and a central control unit, presenting a holistic feeding solution. It exhibits features such as automatic feed distribution, feed mixing stations, real-time monitoring, and integration with precision analytics. Moreover, it proposes a thorough method to automated feeding, addressing escalating requirements for enhanced efficiency, productivity, and sustainability in livestock farming.

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Which Geographic Regions Are Expected to Dominate the Precision Livestock Farming Market in the Coming Years?
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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Precision Livestock Farming Market?
2. What is the CAGR expected in the Precision Livestock Farming Market?
3. What Are the Key Innovations Transforming the Precision Livestock Farming Industry?
4. Which Region Is Leading the Precision Livestock Farming Market?

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