Precision Swine Farming Market Forecasts to 2028 – Global Analysis By Product (Rubber Ducky, Conformal, Patch, Loop, Blade, Whip and Other Products), Platform, Frequency, Application and By Geography

Precision Swine Farming Market Forecasts to 2028 – Global Analysis By Product (Rubber Ducky, Conformal, Patch, Loop, Blade, Whip and Other Products), Platform, Frequency, Application and By Geography

According to Stratistics MRC, the Global Precision Swine Farming Market is accounted for $212.43 billion in 2022 and is expected to reach $315.23 billion by 2028 growing at a CAGR of 6.8% during the forecast period. Smart technology called precision farming enables closer observation and monitoring of individual animals on farms that continue to expand the scope of their activities. Precision livestock farming's main goal is to minimise the production's negative effects on the environment and the health and welfare of the animals. A few distinct types of technology that are widely employed in the industry are identification and tracking systems, precision milking robots, and feeding systems. Farmers may track farm animals and identify lameness symptoms with the use of sensors and intelligent RFID tags, enabling timely action on their part.

According to Univar Solutions (US), in 2020, the demand for plant-based milk is growing by more than 10% yearly, while dairy milk is growing at a rate of 3% annually.

Market Dynamics

Driver

Increasing emphasis on real-time monitoring

Farmers can now gather real-time data on a variety of characteristics and analyse them to maximise production efficiency and enhance animal health thanks to the development of modern technologies like sensors and tags. Farmers can lessen the chance of disease outbreaks and boost overall productivity by using real-time monitoring and early disease detection. The necessity for real-time monitoring and early disease identification is one of the main drivers of this expansion.

Restraint

High upfront cost

Sensors, automated feeding systems, and data analytics software make up precision farming technologies, all of which demand large capital inputs. For farmers who are thinking about implementing precision farming techniques, this large upfront cost might be a major obstacle. Further discouraging farmers from investing in the equipment is the fact that the marginal return on investment for precision farming is frequently unpredictable.

Opportunity

Increase in the production and consumption of pig meat

Pig meat production and consumption have been rising gradually on a global scale due to urbanisation, rising incomes, and population growth. An accessible and reasonably priced source of protein is pork. Because these methods can assist farmers in maximising pig growth and output while cutting costs and enhancing animal welfare, the sector is presented with a tremendous potential as a result of the rising demand for pig meat.

Threat

Environmental concern regarding the swine production

It has been determined that swine farming significantly contributes to greenhouse gas emissions and other environmental problems. Due to the intensive nature of swine production, which necessitates vast amounts of water, feed, and energy, natural resources have been depleted and pollution levels have risen. To ensure the long-term profitability of the sector, precision swine farming techniques and technology must be created with environmental sustainability in mind.

Covid-19 Impact

The market for precision farming has suffered as a result of the abrupt COVID-19 pandemic outbreak. Despite the pandemic condition, the industry is expected to develop significantly during the forecast period. Prior to the pandemic, the expansion in population and need for crops was the main driver of precision agricultural growth. The market's growth pace has slowed as a result of the pandemic. Many farmers are not receiving the full support they need from the government during the lockdown, and the administration's advise to stay at home is also expected to stifle market expansion.

The swine health monitoring and early disease detection segment is expected to be the largest during the forecast period

The swine health monitoring and early disease detection segment is estimated to have a lucrative growth due to their importance in the swine farming industry. Monitoring swine health and early disease identification are essential procedures for stopping the spread of infections. As a result, it is crucial for farmers to give these practises top priority in order to protect their swine's health and wellbeing and stop the catastrophic impacts of disease outbreaks.

The services segment is expected to have the highest CAGR during the forecast period

The services segment is anticipated to witness the highest CAGR growth during the forecast period, 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. Farmers are assisted by these service providers in managing the intricate technical infrastructure. As a result, there is a higher need for services related to precision farming for pigs.

Region with highest share

Asia Pacific is projected to hold the largest market share during the forecast period. This is primarily due to a range of factors, including the significant population, a growing demand for high-quality pork, and changing dietary preferences. China, one of the world's top producers of pigs, is currently experiencing a rise in demand for meat that is safe, wholesome, and sustainably produced. Additionally, it is struggling with a lack of available land and an ageing livestock farmer population, which calls for more modern, technologically sophisticated farming methods.

Region with highest CAGR

Europe is projected to have the highest CAGR over the forecast period, owing to several factors, including a shortage of labour and an aging population, as well as a growing focus on sustainable pork production and an increasing demand for efficiency and productivity in swine farming. Farmers have been investing in precision farming technologies as a reaction to the workforce crisis and ageing population, which helps to boost efficiency and output while lowering the demand for manual labour.

Key players in the market

Some of the key players profiled in the Precision Swine Farming Market include Merck & Co., Inc., Luda Farm AB, Holscher Leuschner GmbH & Co. KG, Asserva, Big Dutchman, Nedap N.V., VDL Agrotech BV, Guangzhou Yingzi Technology Co, Ltd., Pulse NeedleFree Systems, Hotraco, Trouw Nutrition, JYGA Technologies, EN-CO Software Zrt, CTB, Inc., Serket, AcuShot Needle Free and Boehringer Ingelheim Animal Health USA Inc.

Key Developments

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.

Farm Sizes Covered
• Large Farms
• Mid-Sized Farms
• Small Farms

Offerings Covered
• Swine Identification And Tracking
• Vaccination And Drug Delivery
• Farm/Barn Climate Control And Monitoring
• Swine Health Monitoring/Early Disease Detection
• Feeding Management
• Other Offerings

Applications Covered
• Software
• Hardware
• Services

Regions Covered
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities,Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements