The global precision livestock farming market is expected to grow from 5,961.6 million in 2024 to 16,034.4 million by 2034 propelled by the need for efficient farm management, rising demand for high-quality livestock products and advancements in technology. The market grows at a substantial CAGR at 10.4% due to increasing adoption and enhanced livestock management practices across different sectors.
Precision Livestock Farming provides solutions for different industries including dairy, poultry and swine industries. It will help for optimizing livestock management, streamline feeding processes and helps to improve animal health monitoring. It will support data-driven decision-making and contributes to sustainable farming practices by enhancing operational efficiency.
Global Precision Livestock Farming Market Assessment
Attributes | Description |
---|---|
Historical Size, 2023 | USD 5,400.0 million |
Estimated Size, 2024 | USD 5,961.6 million |
Projected Size, 2034 | USD 16,034.4 million |
Value-based CAGR (2024 to 2034) | 10.4% CAGR |
The growing demand for livestock management is anticipated to fuel the growth in the market. The tools enhance and help farmers and organizations monitor animal health, optimize feeding and improve breeding management by the help of software. Increasing interest in sustainable farming and operational efficiency boost the need for solutions which will offers important benefits in livestock productivity and farm management.
North America's strong presence of precision livestock farming solution providers and the vendors are focused on technological advancements that will drive the market growth in region. High adoption rates and heavy investment in smart farming technologies will support the growth & trend of this market. South Asia & Pacific region is experiencing fast growth due to large agricultural communities and expansion in livestock sectors propelling the demand for precision livestock farming solutions.
The growth in Industry 4.0 will help to drive the growth of the Precision livestock farming market. As industries increase focus on digital transformation and automation, the demand for innovative farming solutions is expected to accelerate. The key factors such as rising need for data-driven insights, efficient livestock management systems and integration with advanced technologies.
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The below table presents the expected CAGR for the global Precision Livestock Farming market over several semi-annual periods spanning from 2024 to 2034. This assessment outlines changes in the Precision Livestock Farming industry and identify revenue trends, offering key decision makers an understanding about market performance throughout the year.
H1 represents first half of the year from January to June, H2 spans from July to December, which is the second half. In the first half (H1) of the year from 2023 to 2033, the business is predicted to surge at a CAGR of 9.7%, followed by a slightly higher growth rate of 10.8% in the second half (H2) of the same decade.
Particular | Value CAGR |
---|---|
H1 | 9.7% (2023 to 2033) |
H2 | 10.8% (2023 to 2033) |
H1 | 9.9% (2024 to 2034) |
H2 | 11.2% (2024 to 2034) |
Moving into the subsequent period, from H1 2024 to H2 2034, the CAGR is projected to decrease slightly to 9.9% in the first half and remain higher at 11.2% in the second half. In the first half (H1) the market witnessed a growth of 20 BPS while in the second half (H2), the market witnessed an increase of 40 BPS.
Rising demand for precise animal identification and health monitoring drives the adoption of smart tags
The advanced devices allowing farmers to track individual health of animals, behavior and location in real-time to enhance farm management. Smart tags help in early detection of health issues, to optimize feeding routines and improve breeding decision and it leads to better livestock productivity and welfare.
In 2023, According to USA Department of Agriculture announced an initiative for funding and help for promoting and adoption of smart farming technologies such as smart tags for improving livestock management and sustainability. This initiative grants total funding USD 50 million to support innovative solutions in the agricultural sector. The smart tag adoption is projected to grow fastly from 1.5 million units in 2024 to 4 million units by 2028 and this will reflect the overall expansion of market and technological advancements.
The rising demand for high-efficiency, low-labor dairy operations presents opportunities for robotic milker adoption
Robotic milker helps to streamline the milking process due to automating routine tasks, helping in reducing the need for manual labor and to improve operational efficiency. The systems will allow more precise and frequent milking which enhances milk yield and herd health. The robotic milkers provides valuable data on milk quality and cow health which will facilitate better management decisions and helps to optimize farm productivity.
According to European Union allocated USD 35 million to dairy farms for adoption of automation technologies, such as robotic milkers will enhance efficiency and sustainability. In 2024, DeLaval collaborates with technology firm for integration of advanced data analytics into robotic milker systems. This partnership helps to enhance the functionality and precision of robotic milkers.
The rise of wireless and IoT-enabled sensors is transforming livestock monitoring with real-time insights
The sensors enable continuous tracking of different parameters such as temperature, humidity and animal activity enable farmers to make informed decisions and respond to potential issues. The integration of IoT technology will enhances data accuracy and accessibility and it allows for proactive management of livestock health to improve breeding practices and help for optimizing feeding strategies.
This move towards real-time monitoring supports better farm efficiency and animal welfare. The initiative by USA Department of Agriculture allocated USD 40 million to support the adoption of agricultural technologies such as wireless and IoT-enabled sensors.
The need for specialized knowledge to operate and maintain advanced equipment hinder adoption of Precision Livestock Farming
Farmers and agricultural workers must be skilled in handling complex machinery and understanding complicated data analytics to effectively utilize advanced tools. This learning curve can be threatening and discouraging for those with limited technical backgrounds or smaller operations that not have the resources to invest in extensive training. In rural areas, maintaining and troubleshooting equipment requires technical support which can be costly and difficult to access.
From 2019 to 2023, global precision livestock farming sales saw steady growth due to increasing sale from 4,158.3 Million to 5,400.0 Million. This growth is propelled by advancements in technology and rising adoption across dairy, poultry, and swine industries.
Looking ahead from 2024 to 2034, the market is projected to accelerated growth. Sales are estimated to from 5,961.6 Million in 2024 to 16,034.4 Million by 2034. From 2024 to 2034 the growth of precision is steady at a CAGR 9.1% fuel by increasing investments in smart technologies and greater emphasis on operational efficiency and sustainability. The substantial growth in due to the expansion of precision farming practices and the integration of advanced tools. The rising need for high-efficiency and data-driven livestock management solutions is anticipated to propel which significantly impacting market over next decade.
Tier 1 vendors dominating the market with a significant share due to extensive product portfolios, global reach and strong technological capabilities. By advanced solutions in robotic milking, smart tags and IoT-enabled sensors set industry standards and drive significant market growth. Vendors such as DeLaval, Lely and Allflex Livestock Intelligence are the leader in this market caters around 40%-45% of the market.
Tier 2 vendors include firms with regional presence and specialized offerings. Tier 2 vendors such as GEA Group, CowManager and Afimilk caters around 15%-20% of the market share. Tier 2 vendor offer robust solutions catering to specific needs.
Tier 3 vendors include smaller, niche players and emerging companies that is focused on innovative solutions. Tier 3 vendors such as SCR Engineers and small-scale tech startups caters around 30%-35% of the market. They are contributing to market diversity with focused on specialized products but have a limited impact compared to their Tier 1 and Tier 2 counterparts.
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The section highlights the CAGRs of countries experiencing growth in the precision livestock farming market, along with the latest advancements contributing to overall market development. Based on current estimates, India, China and Germany are expected to see steady growth during the forecast period.
Countries | CAGR from 2024 to 2034 |
---|---|
India | 12.9% |
China | 11.2% |
Germany | 5.4% |
Brazil | 4.9% |
United States | 7.2% |
In India the growing use of GPS Trackers is enhancing the real-time monitoring and helps farmers to provide advanced tools for managing their herds efficiently. GPS Trackers enabling precise tracking of livestock location which is helping for monitoring animal health, preventing theft and to improve farm management.
The technology allows farmers to gather valuable data on livestock behavior and movements and it leads to informed decision-making and better resource management. The adoption of GPS Trackers in livestock sector has increased by 25% over the past three years. India precision livestock farming is projected to grow from 345.5 million in 2024 to 1,162.6 million by 2034 and grows at a CAGR 12.9%.
The software allows farmers to formulate feed mixes to meet the nutritional needs for their animals to minimize waste and expense. By analyzing data on animal health, growth rates and feed composition, the software helps to create customized feed plans that will enhance productivity and herd performance. The adoption of animal feed formulation software in USA increased by 20% over past five years. USA is poised at a CAGR 7.2% from the period 2024 to 2034 and projected to drive the market to USD 11,641.3 million by 2034.
The software helps to enhances farm management to providing comprehensive tools for monitoring animal health, optimizing feeding practices and helps to improve productivity. The software will support farmers in making informed decisions that will lead to efficient and sustainable livestock operations due to various capabilities include real-time data analytics, predictive modeling and integrated health tracking.
Germany grows 30% in past four years and it reflects the country commitment for advancement in agricultural practices. Germany precision livestock farming market is anticipated to grow at a CAGR of 5.4% from 2024 to 2034.
The section below offers in-depth insights into leading segments. The application category includes feeding management, animal health monitoring, milk harvesting and breeding management. Also, under industry category includes dairy, poultry, swine and others. Among these segments, animal health monitoring is growing propel due to increasing demand for precision farming practices, while Dairy Industry holds a dominating share due to rising adoption of livestock management solutions.
The animal health helps to leverage technologies such as sensors, wearable devices and data analytics for providing real-time monitoring of vital signs, activity levels and health of animals. By tracking health metrics farmers will detect early signs of illness, stress or nutritional deficiencies and this will allow for timely interventions and will prevent disease outbreaks and reduce mortality rates.
The animal health monitoring applications reduce livestock mortality rates by up to 15% and will improve farm productivity by 10% annually. Animal health monitoring grows at a substantial CAGR at 12.1%.
Segment | Animal Health Monitoring (Application) |
---|---|
CAGR (2024 to 2034) | 12.1% |
Precision livestock farming such as automated milking systems, health monitoring sensors and feed optimization software which are adopted in dairy sector to enhance technology in milk production and reduce operational costs. The technologies allow dairy farmers for monitoring health and productivity of herds in real-time and it will enable to make data-driven decisions that will improve efficiency and profitability.
In 2023, GEA Group and DeLaval collaborated for integration of advanced sensors and data analytics into milking systems to provide comprehensive solutions to dairy farmers. Dairy Industry are accounted to register 38.4% value share for global precision livestock farming market.
Segment | Dairy (Industry) |
---|---|
Value Share (2024) | 38.4% |
The competitive outlook for precision livestock farming is evolving with significant advancements. The focus on public-private partnerships indicates a collaborative approach to advancing precision agriculture. The developments signal an increasingly competitive market where stakeholders are investing heavily in cutting-edge solutions and strategic alliances for enhancement of farm efficiency and productivity.
Industry Update
In terms of Component, the industry is divided into hardware, software and services.
In terms of application, the industry is segregated into feeding management, animal health monitoring, milk harvesting, breeding management and others.
In terms of industry, the industry is segregated into dairy, poultry, swine and others.
A regional analysis has been carried out in key countries of North America, Latin America, Asia Pacific, Middle East and Africa (MEA), and Europe.
The Global Precision Livestock Farming industry is projected to witness CAGR of 10.4% between 2024 and 2034.
The Global Precision Livestock Farming industry stood at USD 5,961.6 million in 2024.
The Global Precision Livestock Farming industry is anticipated to reach USD 16,034.4 million by 2034 end.
South Asia & Pacific is set to record the highest CAGR of 13.4% in the assessment period.
The key players operating in the Global Precision Livestock Farming industry DeLaval, GEA Group, Lely, Allflex, Afimilk, Zoetis and Diary Tech.
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