Precision Swine Farming Market Size Worth $1,122.72 Million By 2032 | CAGR: 11.5%

The global precision swine farming market size is expected to reach USD 1,122.72 million by 2032, according to a new study by Polaris Market Research. The report “Precision Swine Farming Market Share, Size, Trends, Industry Analysis Report, By Application (Hardware, Software, Services); By Offering; By Farm Size; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The growing demand for pork is a significant driver behind the expansion of the precision swine farming market. As the global population continues to increase and consumer preferences evolve, there is a greater need for a reliable and sustainable supply of high-quality pork products. The OECD & FAO forecast from 2022 predicts that global pork demand will rise from its average annual level of 110.5 million metric tonnes to 128.9 million metric tonnes in 2031. Asia is expected to be the primary driver of demand growth for pork globally, with total demand expected to increase from 61.4 million metric tonnes to 76 million metric tonnes over the projection period. An average Asian consumer will consume 11.9 kg more pork than now, or 10.4 kilograms more per person. This surge in demand has led to a shift towards precision swine farming practices to meet the requirements of a growing market.

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The global population is projected to increase significantly. In response, pig producers seek to maximize output per animal unit and increase animal density. This growing demand for efficiency and productivity has driven the adoption of smart farming practices, which provide farmers with frequent and detailed information regarding their livestock's health, welfare, and productivity. These advancements in precision swine farming are crucial for meeting the demands of a rapidly expanding market.

Precision Swine Farming Market Report Highlights

• Software segment is anticipated to witness faster growth in the coming years due to increasing adoption of digital solutions.
• Swine health monitoring segment accounted for the larger market share owing to regulatory compliance and food safety.
• Mid-sized segment is projected to experience a larger revenue share due to the effectiveness in adopting advanced technologies.
• APAC is projected to register a higher growth rate in the study period owing to increasing government initiatives in this industry.
• North America is expected to grow larger revenue share owing to the growing exports of pork in this region.
• The global players include Fancom, Big Dutchman, Skiold, AP, Hog Slat, Maximus Systems, Rovibec Agrisolutions, Osborne Industries, Faromor, Porcitec, Farmweld, Schauer Agrotronic, Rotecna, Cormall, Agrologic, Hotraco, CTB, Agromatic, ACO Funki, SwineTech, Nedap Livestock Management.

Polaris Market Research has segmented the precision swine farming market report based on application, offering, farm size and region:

Precision Swine Farming, Application Outlook (Revenue - USD Million, 2019 - 2032)

• Hardware
• Software
• Services

Precision Swine Farming, Offering Outlook (Revenue - USD Million, 2019 - 2032)

• Farm/ barn climate control and monitoring
• Swine health monitoring / early disease detection
• Vaccination and Drug Delivery
• Swine Identification and Tracking
• Feeding Management

Precision Swine Farming, Farm Size Outlook (Revenue - USD Million, 2019 - 2032)

• Small Farms
• Mid-sized Farms
• Large Farms

Precision Swine Farming, Regional Outlook (Revenue - USD Million, 2019 - 2032)

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Precision Swine Farming Market Report Scope