Global Precision Livestock Farming Market Projected to Grow at 8.7% CAGR, Reaching $7.7 Billion by 2029

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What Will the Precision Livestock Farming Industry Market Size Be by 2025?
The market size of precision livestock farming has been witnessing robust growth in the past few years. The market, which stood at $5.04 billion in 2024, is projected to expand to $5.52 billion in 2025, reflecting a compound annual growth rate (CAGR) of 9.7%. Factors contributing to this growth during the past period include heightened demand for livestock goods, increased consciousness about animal welfare, surge in agricultural labor costs, and environmental considerations.

What's the Long-Term Growth Forecast for the Precision Livestock Farming Market Size Through 2029?
Expectations hint at a robust expansion of the precision livestock farming market in the coming years, scaling up to a value of $7.7 billion by 2029, with a promising compound annual growth rate (CAGR) of 8.7%. This anticipated evolution during the forecast period can be linked to the adoption of data-backed decision-making, integration of precision feeding protocols, proliferation of innovative farming solutions specific to livestock management, creation of wearable devices for monitoring animal health, and extension of precision breeding methodologies. Notable trends to watch include enhancement of internet of things (IoT) in agricultural practices, progress in sensor technology, inclusion of artificial intelligence (AI) and machine learning frameworks, government-led initiatives to upgrade farming techniques, and heightened emphasis on farming practices that are environmentally sustainable.

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What Are the Key Growth Drivers Fueling the Precision Livestock Farming Market Expansion?
The burgeoning need for protein-rich and dairy products is poised to drive the expansion of the precision livestock farming market in the future. Items rich in protein and dairy sourced from animals, particularly milk, are seeing an upsurge in demand due to shifts in diet preferences and increased consciousness about health and nutrition. Precision livestock farming plays a crucial role in protein and dairy production by enhancing operational productivity, boosting animal welfare, refining feeding management, and improving milk collection. For instance, the United States Department of Agriculture (USDA) a US-based government agency, disclosed in February 2022 that there was a spike in the domestic consumption of milk fat and skim milk solids in 2022. The uptake increased by 0.8 billion pounds for milk fats and 0.9 billion pounds for skim milk solids compared to previous records. Thus, the escalating demand for protein and dairy products propels the growth of the precision livestock farming market.

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What Are the Key Trends Driving Precision Livestock Farming Market Growth?
Key players in the precision livestock farming sector are prioritizing the production of revolutionary technologies such as the deLaval optimat, a move aimed at enhancing animal welfare while simultaneously raising productivity. This system revolutionizes animal feeding procedures by utilizing sensors, robotics, and software to manage and distribute feed automatically. For example, DeLaval, a company based in Sweden that specializes in farm machinery and equipment, released the deLaval optimat in March 2023. This cutting-edge feed distribution robot is a component of the automated feeding solution, engineered with the intention of transforming the feeding practices on livestock farms through automation of feed distribution and management tasks. The system comprises several elements including feedstations, and feed mixers as well as a central control hub, all working together to form a complete feeding solution. The deLaval optimat, equipped with automatic feed distribution, feed mixers, real-time surveillance and precision analytics integration, provides a holistic approach to automated feeding, thereby fulfilling the rising requirement for better efficiency, productivity, and sustainability in the livestock farming industry.

How Is the Precision Livestock Farming Market Segmented?
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 Companies Are Leading the Charge in Precision Livestock Farming Market Innovation?
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 Regions Are Leading the Global Precision Livestock Farming Market in Revenue?
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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