Precision Swine Farming Market

According to MarketsandMarkets, the precision swine farming market is projected to reach USD 711 million by 2028 from USD 418 million by 2023, at a CAGR of 11.2% during the forecast period in terms of value. Owing to the increasing focus on real time monitoring & early diseases detection, and increase in demand for precision feeding techniques in swine farming industry.

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Market Dynamics

Driver : Increasing emphasis on real-time monitoring and early disease detection

The precision swine farming market continues to grow rapidly and one of the major factors contributing to this growth is increase in demand for real time monitoring and early disease detection. The swine farming industry has traditionally relied on manual methods to monitor pig health and welfare, which can be time-consuming and prone to errors. However, with the advent of advanced technologies such as sensors and RFID tags, farmers can now collect real-time data on various parameters and analyze them to optimize production efficiency and improve animal health. By utilizing real-time monitoring and early disease detection, farmers can reduce the risk of disease outbreaks and improve overall productivity.

Restraint : High upfront cost and marginal return on investment

Precision farming technology comprises sensors, automated feeding systems, and data analytics software, which require significant capital investments. This high initial cost can act as a significant deterrent for farmers who are considering adopting precision farming practices. Also, the marginal return on investment for precision farming is often uncertain, which further discourages farmers from investing in the technology. Moreover, the anticipated benefits of precision farming, such as enhanced efficiency, animal welfare, and environmental sustainability, may not be sufficient to warrant the high upfront costs for some farmers. Consequently, the uncertain return on investment may further discourage farmers from investing in this technology. These challenges limit the potential benefits of precision swine farming and pose significant obstacles to its widespread adoption.

Opportunity : Increase in the production and consumption of pig meat

In recent years, the global production and consumption of pig meat have been steadily increasing, driven by factors such as population growth, rising incomes, and urbanization. Pork is a relatively inexpensive and accessible source of protein, which makes it a preferred choice among consumers, especially in developing countries where affordability and accessibility are crucial determinants of food choices. Furthermore, changing dietary patterns and preferences have also contributed to the growing demand for pork. With an increasing focus on healthy and sustainable food choices, lean pork has emerged as a popular choice for health-conscious consumers. This growing demand for pig meat presents a significant opportunity for the precision swine farming industry as precision farming techniques can help farmers optimize pig growth, production, reduce costs, and improve animal welfare.

Challenge : Environmental concern regarding the swine production

Swine production has been identified as a significant contributor to greenhouse gas emissions and other environmental issues. The intensive nature of swine production, which requires large amounts of water, feed, and energy, has contributed to the depletion of natural resources and increased pollution levels. Additionally, the improper disposal of manure from swine production facilities has led to nutrient runoff, soil contamination, and water pollution. These environmental concerns have resulted in increased scrutiny and regulation of the swine production industry, making it difficult for precision swine farming operations to navigate and comply with environmental regulations. As a result, precision swine farming technologies and practices must be developed with environmental sustainability in mind to ensure the long-term viability of the industry.

Precision Swine Farming Market Ecosystem

Prominent companies in this market include well-established, financially stable manufacturers of precision swine farming. These companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art technologies, and strong global sales and marketing networks. Prominent companies in this market include Nedap N.V. (Netherlands), CTB, Inc. (US), Merck & Co., Inc. (US), Boehringer Ingelheim Animal Health USA Inc. (US), Guangzhou Yingzi Technology Co, Ltd. (China), Hotraco (Netherlands), VDL Agrotech BV (Netherlands), AcuShot Needle Free (Canada), Pulse NeedleFree Systems (US), Henke Sass Wolf GmbH (Germany), Big Dutchman (Germany), EN-CO Software Zrt (Hungary), Luda Farm AB (Sweden), AGCO Corporation (US) and Microfan (Netherlands).

Swine health monitoring and early disease detection by application in precision swine farming market to witness a significant growth during the forecast period

Swine health monitoring and early disease detection are crucial practices for preventing the spread of diseases like African swine fever and Porcine Epidemic Diarrhea. By regularly observing swine and utilizing technologies like sensors and machine learning algorithms, farmers can detect potential health issues early on and take prompt action to prevent the spread of disease. This not only minimizes economic losses but also improves the overall health and productivity of the swine population. Swine health monitoring & early disease detection application is expected to witness significant growth in the forecast period due to their importance in the swine farming industry. As such, it is essential for farmers to prioritize these practices to ensure the health and wellbeing of their swine and prevent the devastating effects of disease outbreaks.

Services by offering segment in precision swine farming is anticipated to grow at a significant CAGR during the forecast period

In the swine farming industry, precision farming has led to the deployment of advanced devices and equipment that provide real-time monitoring and data analysis for better decision-making. The industry has seen an increase in demand for high-quality pork products, and precision swine farming is gaining traction as an efficient and sustainable method of livestock production. As a result, there has been an increased demand for services like system integration & consulting, managed services, and maintenance & support services in precision swine farming. These service providers are helping farmers manage the complex technology infrastructure by offering customized solutions to meet their specific needs. The service sector in precision swine farming is rising due to the increasing deployment of swine farming devices and equipment, and the importance of these services lies in their ability to enhance production efficiency and profitability, reduce downtime, and ensure regulatory compliance.

Asia Pacific to boost market growth during the forecast period

The Asia Pacific region is segmented into China, Japan, South Korea, Australia, and the Rest of Asia Pacific, which further includes Vietnam, Thailand, Indonesia, and the Philippines. The Asia Pacific region is also expected to witness significant growth in the precision swine farming market in the forecasted period. This is primarily due to a range of factors, including the significant population of the region, a growing demand for high-quality pork, and changing dietary preferences. China, being one of the largest pork producers globally, is currently witnessing a surge in demand for safe, healthy, and sustainably produced meat. Additionally, Japan is grappling with land scarcity and an aging population of livestock farmers, which necessitates more efficient and technologically advanced farming practices. Furthermore, South Korea is also witnessing an increase in demand for premium quality pork. As a major importer of pork, the country is exploring ways to mitigate risks associated with importing. All these factors collectively make the Asia Pacific region an attractive market for precision swine farming. All these factors make the Asia Pacific region a lucrative market for precision swine farming.

Key Market Players

The key players in this include Nedap N.V. (Netherlands), CTB, Inc. (US), Merck & Co., Inc. (US), Boehringer Ingelheim Animal Health USA Inc. (US), Guangzhou Yingzi Technology Co, Ltd. (China), Hotraco (Netherlands), VDL Agrotech BV (Netherlands), AcuShot Needle Free (Canada), Pulse NeedleFree Systems (US), Henke Sass Wolf GmbH (Germany), Big Dutchman (Germany), EN-CO Software Zrt (Hungary), Luda Farm AB (Sweden), AGCO Corporation (US) and Microfan (Netherlands). These players in this market are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.

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Scope of the Report

Report Scope:

Precision Swine Farming Market:

By Offering

• Farm/barn climate control and monitoring
• Swine health monitoring/early disease detection
• Vaccination and drug delivery
• Swine identification and tracking
• Feeding management
• Others

By Application

• Hardware
• Software
• Services

By Farm Size

• Small farms
• Mid-sized farms
• Large farms

By Region

• North America
• Europe
• Asia Pacific
• South America
• RoW

Recent Developments

• In March 2022, to address the need of pig and poultry farmers for precision swine farming, Roxell (Belgium) partnered with Sonoma Enterprises, a company established in New Zealand, as its distributor. The company will benefit from this relationship by expanding its market in New Zealand and gaining more market share.
• In October 2020, Boehringer Ingelheim Animal Health (Germany) partnered with Henke Sass Wolf GmbH (Germany) to develop a needlefree injector for swine. Under this partnership, the needle-free injections were made available under two different names: EPIG, which is sold under the Henke Sass Wolf brand, and FreVAX, which is sold under the Boehringer Ingelheim Animal Health brand. These needle-free injections were created to boost pig vaccination efficacy. Boehringer Ingelheim Animal Health was able to improve sales of their needle-free injections for precision swine farming and expand their product line owing to this partnership.

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