Precision Swine Farming Market by Application (Feeding Management, Swine Identification, and Tracking), Offering (Hardware, Software, and Services), Farm Size (Small Farms, Mid-sized Farms, and Large Farms) and Region - Global Forecast to 2028
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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Report Metric |
Details |
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Market size value in 2023 |
USD 418 million |
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Market size value in 2028 |
USD 711 million |
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Market growth rate |
CAGR of 11.2% |
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Market size estimation |
2023–2028 |
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Base year considered |
2022 |
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Forecast period considered |
2023–2028 |
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Units considered |
Value (USD) |
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Segments covered |
By application, by offering and by farm size. |
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Regions covered |
North America, South America, Europe, Asia Pacific, and RoW |
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Companies studied |
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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.
Frequently Asked Questions (FAQ):
Which are the major companies in the precision swine farming market? What are their major strategies to strengthen their market presence?
The key players in this 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, partnerships, and product launches. 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.
What are the drivers and opportunities for the precision swine farming market?
The precision swine farming market is expected to witness significant growth in the future due to surging labor costs and rising demand for automation in swine industry. Whereas, increasing adoption of swine monitoring technology in developing country can acts as an opportunity for the precision swine farming market.
Which region is expected to hold the highest market share?
The market in Europe will dominate the market share in 2022, showcasing strong demand for precision swine farming technologies in the region.
Which application segment is projected to have the fastest growth in the precision swine farming market?
Swine Health Monitoring and Early Disease Detection is projected to be the fastest-growing application segment in the precision swine farming market with a significant CAGR during the forecast period.
What is the total CAGR expected to be recorded for the precision swine farming market during 2023-2028?
The precision swine farming market is expected to record a CAGR of 11.2 % from 2023-2028.
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This research involves the extensive use of secondary sources; directories; and databases (Bloomberg and Factiva) to identify and collect information useful for a technical, market-oriented, and commercial study of the precision swine farming market. In-depth interviews were conducted with various primary respondents, such as key industry participants, Subject Matter Experts (SMEs), C-level executives of key market players, and industry consultants, to obtain and verify critical qualitative and quantitative information and to assess prospects.
Secondary Research
In the secondary research process, various sources, such as the Food and Agricultural Organization Statsticts (FAOSTAT), United States Department of Agriculture (USDA), International Federation of Robotics (IFR), International Livestock Research Institute (ILRI), Japan Livestock Technology Association, were referred to identify and collect information for this study. The secondary sources also include journals, press releases, investor presentations of companies, whitepapers, certified publications, articles by recognized authors and regulatory bodies, trade directories, and paid databases.
Primary Research
The precision swine farming market comprises several stakeholders, including Hardware component suppliers and distributors, Semiconductor component and IoT-based electronic device manufacturers, Original equipment manufacturers (OEMs) and system integrators, Manufacturers of products like ear tags, smart collars, leg tags, and sensors, Device suppliers and distributors, Software, service, and technology providers, Government bodies such as regulatory authorities and policymakers for the livestock industry, Research Institutes and organizations, Market research and consulting firms, Commercial livestock farming companies, ranchers, and livestock research universities, Associations, forums, and alliances related to robotics, semiconductor, electronics, and livestock industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Primary interviewees from the supply side include research institutions involved in R&D to introduce technology, precision swine farming distributors and wholesalers, importers & exporters of precision swine farming, precision swine farming technology manufacturers, and technology providers. Primary sources from the demand-side include key opinion leaders, executives, vice presidents, and CEOs of precisions swine farming developing companies through questionnaires, emails, and telephonic interviews.
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Market Size Estimation
Both the top-down and bottom-up approaches have been used to estimate and validate the total size of the precision swine market. These approaches were extensively used to determine the size of the subsegments in the market. The research methodology used to estimate the market size includes the following details:
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Top-down approach:
- The key industry and market players were identified through extensive secondary research.
- The industry's supply chain and market size were determined through primary and secondary research.
- All percentage share splits and breakdowns were determined using secondary sources and verified through primary sources.
- The adjacent market—the precision livestock farming market and smart agriculture market—was considered to validate further the market details of precision swine farming.
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Bottom-up approach:
- The market size was analyzed based on the share of each type of precision swine farming within the application, and offerings at regional and country levels. Thus, the global market was estimated with a bottom-up approach of the type at the country level.
- Other factors include demand within the supply chain including food and feed industry; and function trends; pricing trends; the adoption rate and price factors; patents registered; and organic and inorganic growth attempts.
- All macroeconomic and microeconomic factors affecting precision swine farming market were considered while estimating the market size.
- All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain final quantitative and qualitative data.
Market size estimation: Bottom-up approach
In the bottom-up approach, each country's market size for precision swine farming offerings and application was arrived at through secondary sources, such as annual reports, investor presentations, journals, and government publications. The bottom-up procedure was also implemented on the data extracted from secondary research to validate the market segment sizes obtained.
The penetration rate of each solution of precision swine farming as a percentage of the application sector in each country was calculated from secondary sources. Country-level data for precision swine farming were estimated based on the adoption rate of each solution of precision swine farming within the application and offering sector. The mode of application of each offering type was tracked via product mapping and studied for its penetration level to estimate the market size at the regional level. Each product offering was studied for its commercially available mode of application and product offering. The market size arrived at was further validated by primary respondents.
Precision Swine Farming Market size estimation: bottom-up approach
Market size estimation methodology: top-down approach
For the calculation of each type of specific market segment, the most appropriate, immediate parent and peer market sizes were used for implementing the top-down procedure.
Secondary reports from national institutes of health, american association of swine veterinarians and the American Society for Animal Science were considered. Further, appropriate weightage was assigned to the data derived from each parameter to arrive at the final shares for each region. The regional demand-supply trends, presence of manufacturing units, and regulatory scenario were also analyzed to further validate the shares arrived at. These shares were then confirmed with primary respondents from across regions.
Precision Swine Farming Market size estimation: top-down approach
Data Triangulation
After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable, to estimate the overall precision swine farming market and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.
Market Definition
The precision swine farming market studies the products used for hardware products, software, and services. These include products such as feeding management, swine identification and tracking, swine health monitoring, vaccination and drug delivery, and others.
- Precision swine farming can be defined as application of engineering techniques in swine farming to monitor, model, and manage swine production. The aim is to manage individual animals by continuous real-time monitoring of health, welfare, production/reproduction, and environment impact.
Key Stakeholders
- Supply-side: original equipment manufacturers, suppliers, distributors, and service providers.
- Demand-side: distributors, importers, exporters, farming companies, and farmers.
- Regulatory-side: Related government authorities, commercial research & development (R&D) institutes, and other regulatory bodies
Report Objectives
Market Intelligence
- Determining and projecting the size of the precision swine farming market based on offering, application and regional markets over a five-year period ranging from 2023 to 2028.
- Identifying the attractive opportunities in the market by determining the largest and fastest-growing segments across the key regions
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Analyzing the demand-side factors based on the following:
- Impact of macro- and micro-economic factors on the market
- Shifts in demand patterns across different subsegments and regions.
- Providing detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- To analyze the opportunities in the market for stakeholders and provide a competitive landscape for market leaders.
- To strategically profile the key players and comprehensively analyze their core competencies.
- To analyze competitive developments such as joint ventures, mergers & acquisitions, new product developments, and research & development (R&D) in the precision swine farming market
Competitive Intelligence
- Identifying and profiling the key market players in the precision swine farming market
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Providing a comparative analysis of the market leaders based on the following:
- Product offerings
- Business strategies
- Strengths and weaknesses
- Key financials
- Understanding the competitive landscape and identifying the major growth strategies adopted by players across the key region.
- Analyzing the value chain and regulatory frameworks across regions and their impact on prominent market players
- Providing insights into the key investments and product innovations and technology in the precision swine farming market
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.
The following customization options are available for the report:
Product Analysis
- Product Matrix, which gives a detailed comparison of the product portfolio of each company
Geographic Analysis
With the given market data, MarketsandMarkets offers customizations according to the company-specific scientific needs.
- Further breakdown of the Rest of European precision swine farming market, by key country
- Further breakdown of the Rest of South America precision swine farming market, by key country
Company Information
- Detailed analyses and profiling of additional market players
Generating Response ...
Growth opportunities and latent adjacency in Precision Swine Farming Market