The precision swine farming market size 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. The market for precision swine farming by software offering is experiencing growth due to the need for efficient data management and analysis in managing large number of pigs as there has been surge in demand for pork products.
Precision Swine Farming Market 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.
Precision Swine Farming Market Opportunities: 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.
Precision Swine Farming Market to See Significant Growth with Advances in Swine Health Monitoring and Early Disease Detection.
Monitoring swine health and detecting diseases early are vital for preventing the spread of illnesses such as African swine fever and Porcine Epidemic Diarrhea. By consistently observing swine and employing technologies like sensors and machine learning algorithms, farmers can identify potential health issues sooner and take swift action to curb disease spread. This approach not only reduces economic losses but also enhances the overall health and productivity of the swine herd. Given their critical role in swine farming, applications for swine health monitoring and early disease detection are anticipated to grow significantly in the coming years. Therefore, it's crucial for farmers to prioritize these practices to safeguard their swine and avert the severe consequences of disease outbreaks.
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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 Set to Drive Market Growth Throughout the Forecast Period.
The Asia Pacific region, encompassing China, Japan, South Korea, Australia, and the Rest of Asia Pacific (including Vietnam, Thailand, Indonesia, and the Philippines), is poised for substantial growth in the precision swine farming market over the forecast period. This anticipated growth is driven by several factors: the region's large population, increasing demand for high-quality pork, and shifting dietary preferences. China, a leading global pork producer, is experiencing a surge in demand for safe, healthy, and sustainably produced meat. Meanwhile, Japan faces challenges such as land scarcity and an aging livestock farming population, which is pushing for more efficient and advanced farming technologies. South Korea is also seeing rising demand for premium pork and is exploring strategies to mitigate risks associated with pork imports. Together, these factors make the Asia Pacific region a highly attractive market for precision swine farming.
Top Precision Swine Farming Companies:
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.
Nedap N.V. (Netherlands), is a well-known high-tech company that delivers innovative and high-quality solutions in various sectors. The company is comprised of seven business units, including healthcare, livestock management, retail, security management, identification systems, light controls, and staffing solutions. Nedap N.V.'s livestock management business unit provides advanced hardware, software, and services for precision swine farming, and is a leading name in the field of farming automation with individual animal identification. The company's livestock management solutions make animal monitoring easier and include feeding, sorting, health monitoring, and livestock identification through the use of modern technology. Nedap Livestock Management is known for its technological solutions for dairy and pig farming. The company provides various solutions for pig farming, such as electronic sow feeding, heat detection, weight monitoring, sow separation, and barn remodeling services. The company operates in Europe, North America, Asia Pacific, South America, the Middle East, and Africa.
CTB, Inc. (US), is a subsidiary of Berkshire Hathaway that provides systems and solutions for various segments of the agricultural supply chain such as grains, poultry, pigs, and eggs. The company also produces buildings, stables, and software for food processing. Under three brands - Fancom B.V., Roxell, and AgroLogic – CTB, Inc. offers hardware and software for precision swine farming globally. Fancom B.V. provides ventilation, feeding, lighting, and monitoring systems for pig, poultry, and mushroom producers, while Roxell offers automated solutions for feeding, drinking, ventilation, and heating for pigs and poultry. AgroLogic provides electronic control solutions for climate and feed weighing for precision swine farming. These systems can be customized to suit the specific needs of consumers. CTB, Inc. operates across various regions, including North America, Europe, South America, Asia Pacific, Middle East, and Africa. In August 2022, one of the brands of CTB, Inc, Roxell partnered with Farmidizajn Doo (Serbia) to distribute their products in Serbia, Croatia and Bosnia. This partnership was aimed to expand the companies geographical footprint in European region.
Key Questions Addressed by the Top Precision Swine Farming Market Report:
Which are the major companies in the precision swine farming market? What are their major strategies to strengthen their market presence?
What are the drivers and opportunities for the precision swine farming market?
Which region is expected to hold the highest market share?
Which application segment is projected to have the fastest growth in the precision swine farming market?
What is the total CAGR expected to be recorded for the precision swine farming market during 2023-2028?
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