Precision Livestock Farming Market: By Offering, By Technology, By Farm Type, By Application, and Region Forecast 2019-2030
The precision livestock farming market size was valued at US$ 3,867.4 million in 2023 and is expected to reach US$ 6,979.5 million in 2030 and is growing at a CAGR of 8.8% from 2024 - 2030. Precision livestock farming (PLF) is a set of electronic instruments and techniques for managing livestock. PLF means the automated monitoring of animals to enhance livestock production, reproduction, health, welfare, and impact on the environment. PLF encompasses many advantages, through which, farm resource utilization can be maximized. This allows for health status control of animals and possibly reduces Greenhouse Gas (GHG) emissions.
Drivers of the precision livestock farming market Advances and perception of sustainable and effective ways to practice farming are becoming prominent, where farmers seek to boost their productivity and efficiently use resources. Advances in technologies like IoT, big data analytics, and wearable sensors help improve all aspects of livestock health and welfare in real time. However, high initial investment costs and minimum adoption of technology, particularly in smaller farms, restrain this market.
Some opportunities can be tapped into in developing affordable and user-friendly solutions for various farming operations; growing interest in organic and ethically sourced products is the other trend. Specifically, using data to make informed decisions is becoming the new wave of making decisions to improve yield and animal health these trends are emerging in the market.
Study Period
2024 - 2030Base Year
2023CAGR
8.8%Largest Market
North AmericaFastest Growing Market
Asia pacific
Market Drivers Improved perception of sustainable and efficient ways of farming is under consideration when farmers want to improve their productivity and use their resources more efficiently. The utilization of IoT, big data analytics, and wearable sensors can improve all kinds of health as well as the welfare of livestock in real-time. High initial investment along with low adoption of technology is a hindrance to this market, especially in small farms. The following opportunities exist in the development of affordable and user-friendly solutions in various farming operations as well as in growing interest in organic and ethically sourced products. This will mark a new wave, especially in using data for informed decision-making to make choices that support improvements in yield and animal health.
Based on regions, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa.
The regional markets across the globe are different, and North America leads with advanced agricultural practices, a high adoption rate of technology, and an intense investment in research and development. Companies related to agricultural technology and firmly established livestock infrastructure in the region enhance growth.
The Asia-Pacific region is the growth market, propelled by fast industrialization and a steady rise in demand for food security as modernized farming practices characterize both China and India deepening their roots into such nations. More and more countries around the world are applying precision farming technologies to better manage livestock and increase productivity as consumer pressure for good quality protein continues to rise. With the regions changing and innovations arising, these regions are supposed to have a crucial part in the growth of this precision livestock farming market, headed by technology from North America, while the Asia-Pacific region would most probably be one of the most rapidly adopting regions.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024 - 2030 |
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Market Size in 2023 |
US$ 3,867.4 million |
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Market Size in 2030 |
US$ 6,979.5 million |
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Market CAGR |
8.8% |
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By Offering |
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By Technology |
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By Farm Type |
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By Application |
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By Region |
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The precision livestock farming market was valued at US$ 3,867.4 million in 2023 and is expected to grow at a CAGR of 8.8% over the forecast year to reach US$ 6,979.5 million in 2030.
The precision livestock farming market is growing due to advances and the perception of sustainable and effective ways to practice farming is becoming prominent, where farmers seek to boost their productivity and efficiently use resources.
The precision livestock farming market is emerging due to the use of data to make informed decisions, and it is becoming the new wave of decisions to improve yield and animal health
North America is the dominant region in the precision livestock farming market.
Asai-Pacific is the fastest-growing region in the precision livestock farming market.
| 1. Executive Summary |
| 2. Global Precision Livestock Farming Market Introduction |
| 2.1. Global Precision Livestock Farming Market - Taxonomy |
| 2.2. Global Precision Livestock Farming Market - Definitions |
| 2.2.1.Offering |
| 2.2.2.Technology |
| 2.2.3.Farm Type |
| 2.2.4.Application |
| 2.2.5.Region |
| 3. Global Precision Livestock Farming Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Global Precision Livestock Farming Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Precision Livestock Farming Market By Offering, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Hardware |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Software |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Services |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6. Global Precision Livestock Farming Market By Technology, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Identification & Tracking |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Milking Robots |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Precision Feeding Systems |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7. Global Precision Livestock Farming Market By Farm Type , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Dairy Farms |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Swine Farms |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Poultry Farms |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Others |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 8. Global Precision Livestock Farming Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Milk Harvesting |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Livestock Health |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Feeding Management |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Behavior Monitoring |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Others |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9. Global Precision Livestock Farming Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. North America |
| 9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.1.3. Market Opportunity Analysis |
| 9.2. Europe |
| 9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.2.3. Market Opportunity Analysis |
| 9.3. Asia Pacific (APAC) |
| 9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.3.3. Market Opportunity Analysis |
| 9.4. Middle East and Africa (MEA) |
| 9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.4.3. Market Opportunity Analysis |
| 9.5. Latin America |
| 9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.5.3. Market Opportunity Analysis |
| 10. North America Precision Livestock Farming Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Offering Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Hardware |
| 10.1.2.Software |
| 10.1.3.Services |
| 10.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Identification & Tracking |
| 10.2.2.Milking Robots |
| 10.2.3.Precision Feeding Systems |
| 10.3. Farm Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Dairy Farms |
| 10.3.2.Swine Farms |
| 10.3.3.Poultry Farms |
| 10.3.4.Others |
| 10.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Milk Harvesting |
| 10.4.2.Livestock Health |
| 10.4.3.Feeding Management |
| 10.4.4.Behavior Monitoring |
| 10.4.5.Others |
| 10.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.5.1.United States of America (USA) |
| 10.5.2.Canada |
| 11. Europe Precision Livestock Farming Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Offering Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Hardware |
| 11.1.2.Software |
| 11.1.3.Services |
| 11.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Identification & Tracking |
| 11.2.2.Milking Robots |
| 11.2.3.Precision Feeding Systems |
| 11.3. Farm Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Dairy Farms |
| 11.3.2.Swine Farms |
| 11.3.3.Poultry Farms |
| 11.3.4.Others |
| 11.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.Milk Harvesting |
| 11.4.2.Livestock Health |
| 11.4.3.Feeding Management |
| 11.4.4.Behavior Monitoring |
| 11.4.5.Others |
| 11.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.5.1.Germany |
| 11.5.2.France |
| 11.5.3.Italy |
| 11.5.4.United Kingdom (UK) |
| 11.5.5.Spain |
| 11.5.6.Rest of EU |
| 12. Asia Pacific (APAC) Precision Livestock Farming Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Offering Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Hardware |
| 12.1.2.Software |
| 12.1.3.Services |
| 12.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Identification & Tracking |
| 12.2.2.Milking Robots |
| 12.2.3.Precision Feeding Systems |
| 12.3. Farm Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Dairy Farms |
| 12.3.2.Swine Farms |
| 12.3.3.Poultry Farms |
| 12.3.4.Others |
| 12.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.Milk Harvesting |
| 12.4.2.Livestock Health |
| 12.4.3.Feeding Management |
| 12.4.4.Behavior Monitoring |
| 12.4.5.Others |
| 12.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.5.1.China |
| 12.5.2.India |
| 12.5.3.Australia and New Zealand (ANZ) |
| 12.5.4.Japan |
| 12.5.5.Rest of APAC |
| 13. Middle East and Africa (MEA) Precision Livestock Farming Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Offering Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Hardware |
| 13.1.2.Software |
| 13.1.3.Services |
| 13.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Identification & Tracking |
| 13.2.2.Milking Robots |
| 13.2.3.Precision Feeding Systems |
| 13.3. Farm Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Dairy Farms |
| 13.3.2.Swine Farms |
| 13.3.3.Poultry Farms |
| 13.3.4.Others |
| 13.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Milk Harvesting |
| 13.4.2.Livestock Health |
| 13.4.3.Feeding Management |
| 13.4.4.Behavior Monitoring |
| 13.4.5.Others |
| 13.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.5.1.GCC Countries |
| 13.5.2.South Africa |
| 13.5.3.Rest of MEA |
| 14. Latin America Precision Livestock Farming Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 14.1. Offering Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.1.1.Hardware |
| 14.1.2.Software |
| 14.1.3.Services |
| 14.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.2.1.Identification & Tracking |
| 14.2.2.Milking Robots |
| 14.2.3.Precision Feeding Systems |
| 14.3. Farm Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.3.1.Dairy Farms |
| 14.3.2.Swine Farms |
| 14.3.3.Poultry Farms |
| 14.3.4.Others |
| 14.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.4.1.Milk Harvesting |
| 14.4.2.Livestock Health |
| 14.4.3.Feeding Management |
| 14.4.4.Behavior Monitoring |
| 14.4.5.Others |
| 14.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.5.1.Brazil |
| 14.5.2.Mexico |
| 14.5.3.Rest of LA |
| 15. Competition Landscape |
| 15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 15.2.1.DeLaval (Sweden) |
| 15.2.2.Allflex USA, Inc. (Israel) |
| 15.2.3.GEA Farm Technology (Germany) |
| 15.2.4.Afimilk Agricultural Cooperative Ltd. (Israel) |
| 15.2.5.Bou Matic LLC (US) |
| 15.2.6.Lely International (Netherlands) |
| 15.2.7.Dairymaster (Ireland) |
| 15.2.8.Livestock Improvement Corporation (New Zealand) |
| 15.2.9.Fancom (Netherlands) |
| 15.2.10.Fullwood Packo (UK). |
| 16. Research Methodology |
| 17. Appendix and Abbreviations |
Key Market Players
Author
Manoj Kumar is a postgraduate in Life Sciences with over seven years of dedicated experience in the fields of animal health and agriculture. His passion lies in unraveling the complexities of these domains through rigorous research and practical insights. Manoj Kumar’s journey has been marked by several key achievements: as a market analyst and competitive intelligence expert, he dissects data to provide actionable insights for global clients. Simultaneously, he champions animal healthcare, diagnosing ailments, and designing preventive care strategies. In the realm of agriculture, his focus on sustainable practices, emphasizing crop nutrition, soil health, and precision agriculture. His holistic approach and commitment to advancing science make him a respected figure in the ever-evolving landscape of life sciences.
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