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Global Precision Livestock Farming Market to Grow at a CAGR of 9.5% During 2021-2026, Driven by the Rising Adoption of Advanced Livestock Farming Technologies in Emerging Economies

Precision Livestock Farming Market

Global Precision Livestock Farming Market: By Offering; Hardware, Software, Services; By Technology: Milking Robots, Precision Feeding Systems, Identification and Tracking; By Application; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Precision Livestock Farming Market Outlook

The global precision livestock farming market attained a value of about USD 3.72 billion in 2022. The market is further expected to grow at a CAGR of 9.5% during the forecast period of 2023-2028 to reach nearly USD 6.35 billion by 2028.   

 

Global Precision Livestock Farming Market

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The Rising Adoption of Advanced Technology is Augmenting the Market Growth of Precision Livestock Farming

The global market for precision livestock farming is primarily being driven by the emergence of technology like the Internet of Things (IoT) and artificial intelligence (AI) in almost every sector. The demand for advanced technology like robotics and automation in livestock management is rising due to the increasing demand for enhanced productivity, improved farm management, reduced labour and operational costs, and the ability to drive real-time data for better decision making. This is augmenting the market growth of precision livestock farming.

In addition, the rising market penetration of smartphones and the commonality of internet services is further stimulating the market growth of precision livestock farming by enabling farmers to have centralised control over farming operations. Furthermore, the implementation of precision livestock farming aids in improving animal welfare, decreasing illegal trading of livestock, reduce environmental footprint such as greenhouse gas emissions and results in enhanced rural stability. Thus, these factors are significantly contributing to the market growth of precision livestock farming.

 

Precision Livestock Farming: Market Segmentation

Precision livestock farming (PLF) is defined as a method used to manage and monitor individual animals more closely using real-time data to upscale operations and maintain animal health.

 

Global Precision Livestock Farming Market by Segment

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The market, based on offering, can be segmented into:

  • Hardware
  • Software
  • Services

On the basis of technology, the market can be divided into:

  • Milking Robots
  • Precision Feeding Systems
  • Identification and Tracking

Based on applications, the market is categorised into:

  • Milk Harvesting
  • Feeding Management
  • Livestock Health and Behaviour Monitoring
  • Others

The EMR report looks into the regional markets of precision livestock farming like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.

 

Global Precision Livestock Farming Market by Region

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Increasing Demand for Animal Food Supplies to Surge the Market Growth of Precision Livestock Farming

The growth in the global market for precision livestock farming is projected to be driven by the growing world population and the resultant increased demand for meat and eggs from various countries. In order to secure the food supplies for the growing world population, livestock farms are becoming larger and advanced in terms of management, with more animals per employee, which is expected to augment the demand for technology to aid in the management of livestock. This is expected to boost the market growth of precision livestock farming. Furthermore, precision livestock farming allows for transparency regarding the method of operation amidst rising concerns regarding animal welfare, which is further enhancing the market growth.

Moreover, the market growth in the forecast period is anticipated to be led by the hardware segment of the global market for precision livestock farming with components such as livestock farming equipment installed with sensors, RFID tags, and camera and sound systems, among other devices. These hardware components allow farmers to track real-time behaviour, including abnormalities, stress, or diseases in livestock, enabling farmers to take appropriate action and improve the living conditions of their livestock, thereby propelling the market growth.

 

Key Industry Players in the Global Precision Livestock Farming Market

The report presents a detailed analysis of the following key players in the global precision livestock farming market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions:

  • Cargill, Incorporated
  • Robert Bosch GmbH
  • Fancom BV
  • GEA Group Aktiengesellschaft
  • Allflex  
  • Others

The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Offering, Technology, Application, Region
Breakup by Offering  Hardware, Software, Services
Breakup by Technology Milking Robots, Precision Feeding Systems, Identification and Tracking
Breakup by Application Milk Harvesting, Feeding Management, Livestock Health and Behaviour Monitoring, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Cargill, Incorporated, Robert Bosch GmbH, Fancom BV, GEA Group Aktiengesellschaft, Allflex, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Precision Livestock Farming Market Analysis  
    8.1    Key Industry Highlights
    8.2    Global Precision Livestock Farming Historical Market (2018-2022) 
    8.3    Global Precision Livestock Farming Market Forecast (2023-2028)
    8.4    Global Precision Livestock Farming Market by Offering 
        8.4.1    Hardware
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    Software
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
        8.4.3    Services
            8.4.3.1    Historical Trend (2018-2022)
            8.4.3.2    Forecast Trend (2023-2028)
    8.5    Global Precision Livestock Farming Market by Technology
        8.5.1    Milking Robots
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Precision Feeding Systems
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
        8.5.3    Identification and Tracking
            8.5.3.1    Historical Trend (2018-2022)
            8.5.3.2    Forecast Trend (2023-2028)
    8.6    Global Precision Livestock Farming Market by Application
        8.6.1    Milk Harvesting
            8.6.1.1    Historical Trend (2018-2022)
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Feeding Management
            8.6.2.1    Historical Trend (2018-2022)
            8.6.2.2    Forecast Trend (2023-2028)
        8.6.3    Livestock Health and Behaviour Monitoring
            8.6.3.1    Historical Trend (2018-2022)
            8.6.3.2    Forecast Trend (2023-2028)
        8.6.4    Others
    8.7    Global Precision Livestock Farming Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2022) 
            8.7.1.2    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2022) 
            8.7.2.2    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2022) 
            8.7.3.2    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2022) 
            8.7.4.2    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2022) 
            8.7.5.2    Forecast Trend (2023-2028)
9    North America Precision Livestock Farming Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2022) 
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022) 
        9.2.2    Forecast Trend (2023-2028)
10    Europe Precision Livestock Farming Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022) 
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022) 
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022) 
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022) 
        10.4.2    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Precision Livestock Farming Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022) 
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022) 
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022) 
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022) 
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Historical Trend (2018-2022) 
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Precision Livestock Farming Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022) 
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022) 
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022) 
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Precision Livestock Farming Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022) 
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2022) 
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022) 
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022) 
        13.4.2    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1     Cargill, Incorporated
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Robert Bosch GmbH
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Fancom BV
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    GEA Group Aktiengesellschaft
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Allflex
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Precision Livestock Farming Market: Key Industry Highlights, 2018 and 2028
2.    Global Precision Livestock Farming Historical Market: Breakup by Offering (USD Billion), 2018-2022
3.    Global Precision Livestock Farming Market Forecast: Breakup by Offering (USD Billion), 2023-2028
4.    Global Precision Livestock Farming Historical Market: Breakup by Technology (USD Billion), 2018-2022
5.    Global Precision Livestock Farming Market Forecast: Breakup by Technology (USD Billion), 2023-2028
6.    Global Precision Livestock Farming Historical Market: Breakup by Application (USD Billion), 2018-2022
7.    Global Precision Livestock Farming Market Forecast: Breakup by Application (USD Billion), 2023-2028
8.    Global Precision Livestock Farming Historical Market: Breakup by Region (USD Billion), 2018-2022
9.    Global Precision Livestock Farming Market Forecast: Breakup by Region (USD Billion), 2023-2028
10.    North America Precision Livestock Farming Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    North America Precision Livestock Farming Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Europe Precision Livestock Farming Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Europe Precision Livestock Farming Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Asia Pacific Precision Livestock Farming Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Asia Pacific Precision Livestock Farming Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Latin America Precision Livestock Farming Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Latin America Precision Livestock Farming Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Middle East and Africa Precision Livestock Farming Historical Market: Breakup by Country (USD Billion), 2018-2022
19.    Middle East and Africa Precision Livestock Farming Market Forecast: Breakup by Country (USD Billion), 2023-2028
20.    Global Precision Livestock Farming Market Structure

Key Questions Answered in the Report

What was the global precision livestock farming market size in 2022?

The global precision livestock farming market attained a value of nearly USD 3.72 billion in 2022.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 9.5% in the forecast period of 2023-2028.

What is the forecast outlook of the market for 2023-2028?

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 6.35 billion by 2028.   

What are the major industry drivers of the market?

The market is being driven by the rising integration of technology into farming practices in order to boost productivity and reduce labour and operational costs.

What are the key industry trends of the global precision livestock farming market?

The market is expected to be defined by factors, such as increasing demand for animal food supplies and rising concerns regarding animal welfare, which are anticipated to boost the market growth in the coming years.

What are the major regional markets of precision livestock farming, according to the EMR report?

The major regional markets for precision livestock farming are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.

What are the major offerings of precision livestock farming?

The major offerings of precision livestock farming include hardware, software, and services.

What are the significant technologies of precision livestock farming?

The significant technologies of precision livestock farming are milking robots, precision feeding systems, and identification and tracking.

What are the different applications of precision livestock farming?

The different applications of precision livestock farming are milk harvesting, feeding management, and livestock health and behaviour monitor, among others.

Who are the key industry players, according to the report?

The major players in the industry are Cargill, Incorporated, Robert Bosch GmbH, Fancom BV, GEA Group Aktiengesellschaft, and Allflex, among others.

Analyst Review

The global precision livestock farming market attained a value of about USD 3.72 billion in 2022, driven by the growing demand for animal food supplies. Aided by the technological advancements, the market is expected to grow at a CAGR of 9.5% in the forecast period of 2023-2028 to reach nearly USD 6.35 billion by 2028.   

EMR’s meticulous research methodology delves deep into the market covering the macro and micro aspects of the industry. On the basis of offering, the market can be segmented into hardware, software, and services. Based on technology, the market can be divided into milking robots, precision feeding systems, and identification and tracking. The market, based on application, can be categorised into milk harvesting, feeding management, and livestock health and behaviour monitor, among others. The major regional markets for precision livestock farming are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa. The key players in the industry are Cargill, Incorporated, Robert Bosch GmbH, Fancom BV, GEA Group Aktiengesellschaft, and Allflex, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.

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