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What are the latest figures on the precision livestock farming market’s size and projected CAGR?
The precision livestock farming market size has grown rapidly in recent years. It will grow from $5.04 billion in 2024 to $5.59 billion in 2025 at a compound annual growth rate (CAGR) of 11.1%. The growth in the historic period can be attributed to increasing demand for livestock products, growing awareness about animal welfare, rising labor costs in agriculture, and environmental concerns.
The precision livestock farming market size is expected to see strong growth in the next few years. It will grow to $7.93 billion in 2029 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to shift towards data-driven decision making, emergence of precision feeding techniques, growth of smart farming solutions for livestock management, development of wearable devices for animal health monitoring, and expansion of precision breeding practices. Major trends in the forecast period include adoption of internet of things (IoT) in agriculture, advancements in sensor technology, integration of artificial intelligence (AI) and machine learning, government initiatives to modernize farming practices, and increasing focus on sustainable farming methods.
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Which major factors have contributed to the expansion of the precision livestock farming market?
The rising demand for protein and dairy products is expected to fuel the growth of the precision livestock farming market going forward. Protein and dairy products refer to food items rich in protein and derived from animal sources, primarily milk. This demand arises from changing dietary preferences and health and nutrition awareness. Precision livestock farming is utilized in protein and dairy production to optimize efficiency, enhance animal welfare, improve feeding management and milk harvesting, and improve overall productivity. For instance, in February 2022, the United States Department of Agriculture (USDA), a US-based government department reported that domestic consumption of milk fat and skim milk solids increased in 2022. Consumption rose by 0.8 billion pounds for milk fat and 0.9 billion pounds for skim milk solids compared to previous years. Therefore, the rising demand for protein and dairy products drives the precision livestock farming market.
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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Who are the top competitors 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
Which key trends are expected to influence the precision livestock farming market in the coming years?
Major companies operating in the precision livestock farming market are focused on developing innovative advancements such as deLaval optimat to improve animal care and welfare, and increase output efficiency. This deLaval optimizes a system that automates feeding livestock using sensors, software, and robotics to distribute feed and manage feed inventory. For instance, in March 2023, DeLaval, a Sweden-based farm machinery and equipment company, launched deLaval optimat. This new autonomous feeding robot is a module within the automated feeding solution. It is designed to optimize the feeding process for livestock farms by automating tasks related to feed distribution and management. The system includes various components, such as feed stations, feed mixers, and a central control unit, that provide a comprehensive feeding solution. Its features are automatic feed distribution, feed mixing stations, real-time monitoring, and integration with precision analytics. It also offers a comprehensive approach to automated feeding, addressing the growing demands for improved efficiency, productivity, and sustainability in livestock farming.
Which regional trends are influencing the precision livestock farming market, and which area dominates the industry?
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 Does The Precision Livestock Farming Market Report 2025 Offer?
The precision livestock farming market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Precision livestock farming refers to the use of advanced technologies and data analytics to manage and optimize control over precise animal and resource variations, aiming to enhance economic, social, and environmental outcomes in livestock farming. It involves the integration of sensors, monitoring devices, data analysis software, and automation systems to monitor animal health, behavior, and welfare, as well as to optimize feeding, breeding, and management practices.
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