Precision Swine Farming Market Overview and Latest Trends
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.
The precision swine farming market is growing rapidly due to the increasing emphasis on real-time monitoring and early disease detection. This technology allows farmers to collect real-time data on pig health and welfare and optimize production efficiency. However, the high upfront cost and uncertain return on investment are major restraints for farmers considering adopting precision farming practices.
Europe holds the largest share in the precision swine farming market due to several factors, including a shortage of labor and an aging population, as well as a growing focus on sustainable pork production and an increasing demand for efficiency and productivity in swine farming. In response to the labor shortage and aging population, European farmers have been investing in precision farming technologies, which help to increase efficiency and productivity while reducing the need for manual labor.
The key players 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).
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