Precision Livestock Farming Market Size, Share, Growth, Trends, and Global Industry Analysis: By Offering (Hardware, Software, and Services), By Technology (Identification & Tracking, Milking Robots, and Precision Feeding Systems), By Farm Type (Dairy Farms, Swine Farms, Poultry Farms, and Others), By Application (Milk Harvesting, Livestock Health, Feeding Management, Behavior Monitoring, and Others), and Region Forecast 2019-2030

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The precision livestock farming market size was valued at USD 3,867.4 million in 2023 and is expected to reach USD 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.

 Precision Livestock Farming Market Key Developments

  • In March 2024, the Ministry of Fisheries, Animal Husbandry, and Dairying, Government of India, launched a very revolutionary program under the National Digital Livestock Mission. The latest development under this project is a mobile application for farmers called "1962." It is downloadable from the Google Play Store.
  • In 2023, DSM acquired Midori USA, Inc., a biotechnology start-up with a novel precision platform developing breakthrough targeted eubiotics that improve the health and environmental impact of animals.

Precision Livestock Farming Market Summary

Study Period

2024 - 2030

Base Year

2023

CAGR

8.8%

Largest Market

North America

Fastest Growing Market

Asia pacific

Precision Livestock Farming Market Dynamics

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.

Precision Livestock Farming Market Segmentation

By Offering

  • Hardware
  • Software
  • Services

By Technology

  • Identification & Tracking
  • Milking Robots
  • Precision Feeding Systems

By Farm Type

  • Dairy Farms
  • Swine Farms
  • Poultry Farms
  • Others

By Application

  • Milk Harvesting
  • Livestock Health
  • Feeding Management
  • Behavior Monitoring
  • Others

Frequently Asked Questions

The precision livestock farming market was valued at USD 3,867.4 million in 2023 and is expected to grow at a CAGR of 8.8% over the forecast year to reach USD 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.

Key Features of the Report

  • The precision livestock farming market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and key strategies.
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market.
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market.
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenarios.
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 
  • DeLaval (Sweden)
  • Allflex USA, Inc. (Israel)
  • GEA Farm Technology (Germany)
  • Afimilk Agricultural Cooperative Ltd. (Israel)
  • Bou Matic LLC (US)
  • Lely International (Netherlands)
  • Dairymaster (Ireland)
  • Livestock Improvement Corporation (New Zealand)
  • Fancom (Netherlands)
  • Fullwood Packo (UK).

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