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Precision Livestock Farming Growth Fueled By Increased Demand For Protein And Dairy Product: Pivotal Factor Influencing Precision Livestock Farming Market Growth in 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shiftsPrecision Livestock Farming Market Size Growth Forecast: What to Expect by 2025?
There has been a swift expansion in the market size of precision livestock farming in recent years. It is projected to escalate from $5.04 billion in 2024 to $5.59 billion in 2025, with a compound annual growth rate (CAGR) of 11.1%. This substantial growth during the historical period is credited to the surging demand for livestock products, heightened awareness surrounding animal welfare, increasing agricultural labor costs, and concerns about the environment.
How Will the Precision Livestock Farming Market Size Evolve and Grow by 2029?
In the coming years, the precision livestock farming market is predicted to experience significant growth, with an expected value of $7.93 billion in 2029, representing a compound annual growth rate (CAGR) of 9.1%. This anticipated growth during the forecast period can be credited to a move towards data-dependent decision-making, the development of precision feeding strategies, the rise of digital farming solutions for managing livestock, the advent of wearable technology for monitoring animal health, and the proliferation of precision breeding techniques. Key trends for the forecast period involve the application of the internet of things (IoT) in farming, progressions in sensor technology, the incorporation of artificial intelligence (AI) and machine learning in practices, government efforts to modernize agricultural techniques, and a heightened emphasis on sustainable farming methods.
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What Drivers Are Propelling the Growth of Precision Livestock Farming Market Forward?
The growth of the precision livestock farming market is anticipated to be spurred by the increasing demand for protein and dairy products. These food items, abundant in protein and generally obtained from animal-based sources such as milk, are seeing a surge in demand due to shifting dietary patterns and a heightened awareness of health and nutrition. Precision livestock farming, which aids in boosting efficiency, augmenting animal welfare, and enhancing feeding management and milk collection, is deployed in the production of protein and dairy to augment overall productivity. For example, the US Department of Agriculture (USDA) reported in February 2022 that the domestic use of milk fat and skim milk solids witnessed an uptick in 2022, growing by 0.8 billion pounds for milk fat and 0.9 billion pounds for skim milk solids in comparison to previous years. Consequently, the uptick in the demand for protein and dairy products propels the precision livestock farming market forward.
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Which Emerging Trends Are Transforming the Precision Livestock Farming Market in 2025?
In the precision livestock farming market, significant enterprises are prioritizing the evolution of novel advancements like deLaval optimat to enhance animal welfare and yield efficiency. This innovative system by deLaval employs sensors, software, and robotics to automate livestock feeding and manage feed inventory. DeLaval, a Sweden-based farm machinery and equipment enterprise, launched the deLaval optimat, an autonomous feeding robot, in March 2023. Designed as part of an automated feeding solution, this robot simplifies the livestock feeding process by automating feed distribution and management tasks. Incorporating components like feed stations, feed mixers, and a central control unit, this system delivers a holistic feeding solution. It features an automatic feed distribution, feed mixing stations, real-time monitoring, and ties in with precision analytics. It responds to the escalating need for enhanced efficiency, productivity, and sustainability in livestock farming by offering a wide-ranging solution to automated feeding.
What Are the Key Segments in the Precision Livestock Farming Market?
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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Who Are the Key Players Shaping the Precision Livestock Farming Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth 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.
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