Global Precision Swine Farming Market is segmented By Offering (Hardware, Software, Services) By Farm Size (Small Farms, Mid-Sized Farms) By Application (Farm/ barn climate control and monitoring, Swine health monitoring, Early disease detection, Vaccination and Drug Delivery, Swine Identification and Tracking, Feeding Management, Others) and By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Precision Swine Farming Market Size
Global Precision Swine Farming Market reached US$ 580.21 million in 2022 and is expected to reach US$ 844.90 million by 2031, growing with a CAGR of 4.8% during the forecast period 2024-2031.
The global precision swine farming market has witnessed significant growth and transformations. Poultry industries are highly adopting these precision swine farming equipment, and machinery as they provide efficient data regarding various farming methods, This approach aims to enhance productivity, animal welfare, and overall farm sustainability. Hence, such factors can help in driving the global precision swine farming market.
Furthermore, as the demand for precision farming is rising, companies are launching products in order to expand their market size. For instance, in September 2023, JYGA Technologies launched a new product, the GESTAL L-Track. This manages a practical, precise, and cost-effective solution to manage feed bins for all types of production. This innovation will improve the productivity, security, and profitability of farm operations. Hence, such products can help in increasing the market growth.
The feeding management segment accounts the maximum share in global precision swine farming market, as well as North America region shows the dominance on world share, as the demand for poultry meat, and pigs population rate is high in this region, hence, it can help in increasing the market growth.
Precision Swine Farming Market Summary
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Metrics |
Details |
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CAGR |
4.8% |
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Size Available for Years |
2022-2031 |
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Forecast Period |
2024-2031 |
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Data Availability |
Value (US$) |
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Segments Covered |
Offering, Farm Size, Application, and Region |
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Regions Covered |
North America, Europe, Asia-Pacific, South America and Middle East & Africa |
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Fastest Growing Region |
Asia-Pacific |
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Largest Region |
North America |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Precision Swine Farming Market Dynamics
Rising Pig Population
The demand for pig population is rising, for instance, according to the Indian Council of Agriculture Research report, the total pig population in India is 9.06 million which accounts for 1.7% of the total livestock population. Hence, such a high population rate of siwnes can help in increasing the demand for precision swine farming market.
Furthermore, as the pig population rates are increasing, the farmers are adopting precision farming technologies such as automated feeding systems, data analytics, monitoring tools, and others. They help in optimizing production efficiency and resource utilization, ensuring that each pig receives appropriate care and nutrition. Hence, such factors can help in increasing the market growth.
Product Development and Innovations
The market for precision swine farming is primarily influenced by product developments and advanced innovations. The new technology and solutions often help in improving swine farming enterprises' overall management, data accuracy, and efficiency. Hence, they might help in driving the global precision swine farming market.
Furthermore, manufacturing companies are also focusing on developing innovative swine farming products. For instance, in July 2023, Corntec Inc. launched PIGI Pro. It is an AI camera application, which not only measures piglets and each breed but also predicts carcasses and manages shipments. This has further improved the practical level such as measurement accuracy improvement, AI logic, UI change, and others. Hence, such products can help in gaining popularity in the precision swine farming market.
High Manufacturing Investments
Implementing precision swine farming entails utilizing advanced technologies like sensors, automated systems, and data analytics platforms. The initial expenses associated with procuring and installing these technologies can be substantial, especially for smaller and medium-sized farms with constrained financial resources. Hence, it can hamper the market growth.
Precision Swine Farming Market Segment Analysis
The global precision swine farming market is segmented based offering, farm size, application, and region.
Increase in Demand for Precision Feed Management
Feed management systems hold the largest share in the global precision swine farming market, poultry producers are adopting these automated feeding systems as these precision feeding types of equipment provide accurate control over the composition and quantity of feed. This can help meet the specific nutritional needs of individual pigs or groups, optimizing growth rates and overall health.
Furthermore, manufacturers are producing different precision farming products to attract larger consumer bases, for instance, WeldFit company produces a SureLaunch, an automated pipeline pigging system that uses a logic-driven, PLC-based control system to operate an electric-drive feed mechanism to launch most types of pipeline pigs at pre-set launch intervals. Hence, such products can help in increasing the market growth.
Precision Swine Farming Market Geographical Share
Increase in Pig Population, and High Consumption Rate in North America
North America has been a dominant force in the global precision swine farming market and its significance has only grown in the post-2020 era. As the demand for rising pigs, and their meat products is increasing in this region, farmers and poultry industries are highly adopting these precision swine farming machineries, as they help in ensuring effective farm management.
Furthermore, the pig population rate is high in this region, for instance, according to a USDA report of 2022, in the United States around 73.1 million hogs and pigs of which 67.0 million were hogs, while 6.15 million are for breeding. and between September- November 2022 33.7 million pigs were weaned on U.S. farms. Hence, such high production rates can help in raising the demand for precision swine farming in this region.
Additionally, the public in this region is fond of pork meat, for instance, according to a USDA report, in 2021, 47.5 pounds of pork per person were available for consumption. Hence, such high consumption rate of pork meat can help in raising the demand for precision swine farming in poultry industries in this region.
Precision Swine Farming Market Key Players
The major global players in the market include Fancom BV, Big Dutchman, SKIOLD GROUP, AGCO Corporation, MAXIMUS, Osborne Industries, Inc., Faromor., Farmweld, Schauer Agrotronic GmbH, and ROTECNA, S.A.
COVID-19 Impact Analysis
The outbreak of the COVID-19 pandemic has disrupted the supply chain for many markets, including the global precision swine farming market. As countries grappled with lockdowns, supply chain disruptions, and reduced economic activity, the construction sector, which is a significant consumer of precision swine farming, was significantly impacted.
Key Developments
- In January 2024, Jimdi Inc. acquired the swine floor assets of DuraPlas. This includes the Dura-Tuff and Dura-Lock product offerings. Jimdi will market the portfolio under the brand names Top-Tread and Lunar-Lock. DuraPlas will be handing off the swine floor assets to Jimdi to focus on their growing ventures serving a range of different industries including poultry and grain.
- In November 2023, Hord Family Farms, Bucyrus, Ohio, completed an acquisition of New Horizon Farms’ assets. The new Horizon is a farrow-to-finish swine operation based in Pipestone, Minn. It will now operate as Hord Farms West and maintain its current pork operations.
- In February 2020, Cranswick plc acquired the Buckle family’s pig farming and rearing operations as well as the family’s 50% share of the White Rose Farms Limited pig production joint venture set up by Cranswick and the Buckle family.
Why Purchase the Report?
- To visualize the global precision swine farming market segmentation based on offering, farm size, application, and region, as well as understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous data points of precision swine farming market-level with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as Excel consisting of key products of all the major players.
The global precision swine farming market report would provide approximately 62 tables, 55 figures, and 210 Pages.
Target Audience 2024
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
