Global Precision Swine Farming Market Insights Forecasts to 2033

• The Global Precision Swine Farming Market Size was Valued at USD 407.5 Million in 2023
• The Market Size is Growing at a CAGR of 11.90% from 2023 to 2033
• The Worldwide Precision Swine Farming Market Size is Expected to Reach USD 1254.8 Million by 2033
• North America is Expected to Grow the fastest during the forecast period.

The Global Precision Swine Farming Market Size is Anticipated to Exceed USD 1254.8 Million by 2033, Growing at a CAGR of 11.90% from 2023 to 2033.

Market Overview

The utilization of cutting-edge technologies and data-driven practices in pig farming is referred as the precision swine farming, and its aims such as increasing productivity, maximizing output, and boosting overall profitability. Global precision swine farming market includes a variety of tools and systems, including as sensors, data analytics, automation, and artificial intelligence, to monitor and manage important aspects of global precision swine farming market. By using real-time data and insights, farmers can make accurate choices, recognize future problems early, and carry out specific measures. This will ultimately enhance to better resource utilization, cheaper costs, and higher-quality of swine farming. The goal of precision swine farming is to minimize utilization of resources and environmental impact while increasing pig productivity, welfare, and health. Precision farming techniques were utilized by farmers to address growing consumer demands for pig products while reducing waste and improving resource management. Additionally, pork is a standard in many diets around the world since it is a large source of protein and important nutrients. Growing health consciousness has made lean pork sections more desirable due to their nutritional value. This industry's growth is further boosted by the increasing awareness of the benefits of precision farming, such as real-time monitoring of animal health, precise feeding, and environmental control.

Report Coverage

This research report categorizes the market for the global precision swine farming market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global precision swine farming market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global precision swine farming market.

Driving Factors

The market for precision swine farming continues to grow quickly, and one of the main drivers of this expansion is the rise in demand for early disease diagnosis and real-time monitoring. Traditionally, the swine farming sector has relied on labor-intensive and error-prone manual methods to monitor the health and welfare of the pigs. But with the development of cutting-edge technologies including sensors and RFID tags, farmers can now collect and analyze real-time data on a variety of aspects in order to maximize production efficiency and enhance animal health. Farmers reduce the possibility of disease outbreaks and increase overall output by implementing real-time monitoring and early disease detection. The latest developments involve the application of blockchain technology for improved traceability, collaborations with AI-powered analytics organizations for data-driven decision-making, and the use of smart sensors and robotics to enhance swine farming. As the global swine industry addresses the difficulties of disease management, resource efficiency, and sustainability, the global precision swine farming market is expected to grow further, providing exciting prospects for both farmers and technology providers.

Restraining Factors

Precision farming technology includes comprises sensor, data analytical software, and automated feeding system that’s need large capital investment. This high initial cost serves as a major barrier for farmers considering precision farming technologies. Furthermore, the estimated return on investment for precision farming is sometimes unpredictable, restricting farmers from investing in the technology. Farmers refuse to implement data-driven technologies on their farms due to farmers are concerned about data privacy and cybersecurity. Furthermore, some farmers may experience difficulties due to the implementation of precision farming technologies into present conventional agricultural systems, which require significant modifications.

Market Segmentation

The global precision swine farming market share is classified into offering, farm size, and application.

• The swine health monitoring segment is expected to hold significant share of the global precision swine farming market during the forecast period.   

Based on the offering, the global precision swine farming market is divided into farm climate control &, swine health monitoring, vaccination, drug delivery, swine identification and tracking. Among these, the swine health monitoring segment is expected to hold significant share of the global precision swine farming market during the forecast period. Swine health monitoring provide solutions that support farmers in reducing disease impact on swine populations and improving overall livestock health by allowing for timely intervention and preventive actions. Immediate disease detection and treatment have a large economic impact on swine farm management.

• The mid-sized farms segment accounted for the largest revenue share of the global precision swine farming market during the forecast period.   

Based on the farm size, the global precision swine farming market is divided into small farms, mid-sized farms, and large farm. Among these, the mid-sized farm segment accounted for the largest revenue share of the global precision swine farming market during the forecast period. Mid-size farm’s operations are usually on a moderate scale, these farms are able to invest in modern technology and precision farming solutions. Mid-sized farm’s farms are equipped and capable of putting precision swine farming technologies into reality. Compared to larger farms, these farms usually have the benefit of being more adaptive and flexible. They are able to rapidly adopt new technology and modify their processes to include precision swine farming techniques.

• The hardware segment is expected to hold the largest share of the global precision swine farming market during the forecast period.

Based on the application, the global precision swine farming market is divided into hardware, software, and services. Among these, the hardware segment is expected to hold the largest share of the global precision swine farming market during the forecast period. The numerous hardware components used in the precision swine farming market, such as sensors, IoT devices, monitoring equipment, and automation systems, are primarily responsible for the market's overall revenue and growth. These hardware components are necessary to collect data in real time on several aspects of pig husbandry, including behavior, health, and environmental conditions.

Regional Segment Analysis of the Global Precision Swine Farming Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to hold largest share of the global precision swine farming market over the predicted timeframe.

Asia Pacific is anticipated to hold largest share of the global precision swine farming market over the predicted timeframe. Due to change in dietary habits and continuously increasing population, the Asia Pacific area has experienced strong economic growth and urbanization, which has increased the demand for pork products. A greater priority was also placed on applying modern farming technologies to increase output and meet regional food security concerns. These factors, together with the growing availability and use of precision farming technologies, are likely to have contributed to Asia Pacific's status as the leading region for this sort of swine farming. China, as one of the world's top pork producers, is currently experiencing an increase in demand for safe, healthy, and sustainably produced meat, underlining the need for modern precision farming procedures to satisfy these standards. The region has the potential to become a profitable hub for the adoption and development of precision swine farming technology due to its distinct combination of population size, shifting consumer preferences, and the requirement for improved farming practices. Additionally, there is a growing demand for high quality pork in South Korea. The nation, which imports a lot of pork, is looking into ways to reduce the hazards involved with importing. The Asia Pacific region presents a compelling opportunity for precision swine farming due to the combination of these elements. The Asia Pacific area presents an appealing chance for precision swine farming due to all of these factors.

North America is expected to grow at the fastest pace in the global precision swine farming market during the forecast period. In recent years, regions consumers' desire for animal protein-rich meat products has expanded significantly. This influences the demand for high-quality feed in order to produce delicious, disease-free, and nutritious pork. Additionally, due to its excellent quality and taste, North America, one of the world's leading producers of pork, is exporting more pork meat to other countries. It is anticipated to accelerate market expansion. Furthermore, market players concentrating on minimizing the carbon footprint in pig feed formulation and producing pork, combined with the introduction of various feeding technologies and awareness programs in the global precision swine farming market, are anticipated to propel market growth.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global precision swine farming market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Nedap N.V.
• DeLaval Inc.
• Fancom B.V.
• Big Dutchman International GmbH
• AgroLogic Ltd.
• Rotecna S.A.
• Osborne Industries, Inc.
• VDL Agrotech
• Porphyrio NV
• Cargill Inc.
• Skov A/S
• PIC
• SwineTech
• Farmcontrol Sistemas de Controle Ltda.
• AGCO
• Hotraco
• Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In November 2023 Nedap N.V.'s pig division has moved its management and operations to Agrisys (Denmark) and AgriHub (Canada). Agrisys is currently in charge of managing sales quotations, purchase orders, logistics, technical assistance, and replacement parts across Europe and Asia (except from China).

• In November 2022, Holscher + Leuschner has selected Big Dutchman as a global distributor of its OptiMarker & OptiScan weighing solutions. By legal agreement, the two businesses will work together to distribute these creative solutions.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global precision swine farming market based on the below-mentioned segments: 

Global Precision Swine Farming Market, By Offering

• Climate control
• Swine health monitoring
• Vaccination
• Drug delivery
• Swine identification
• Tracking

Global Precision Swine Farming Market, By Farm Size

• Small farms
• Mid-sized farms
• Large farm

Global Precision Swine Farming Market, By Application

• Hardware
• Software
• Services

Global Precision Swine Farming Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa