The demand for livestock-based foods and growing cognizance of the advantage of feeding systems are factors to drive the demand for the global feeding system market in the forecast period 2024-2028. According to the TechSci Research report, “Global Feeding Systems Market- By Region, Competition Forecast and Opportunities, 2018-2028F”, the global Feeding Systems market is projected to grow at an impressive rate in the forecast period, 2024-2028.
The Important Aspects of the Feeding Systems Market
The growing number of farmlands and livestock due to the rising demand for high-protein foods are expected to be significant factors for market growth. Additionally, growing awareness among the population regarding the benefits associated with feeding systems and their role in providing higher quality and quantity of end products such as milk and other dairy products is expected to fuel the growth of the global feeding systems market. Additionally, better management practices, more control over the process, less labor requirement, demand for high-quality protein by the masses, and favorable government trade policies can increase demand that directly impacts the global feeding system market across the agricultural industries.
For installation of the machine at the initial level, colossal investment is required, which is a hectic situation for the farmer. It is difficult for farmers to invest such a massive amount as most are small and middle-scale farmers with a small profit margin. Apart from the initial investment, there will be a need for money for the maintenance of the distribution wagon, GIS, GPS, and data collection. Cost-related restraints are highly observed in developing countries, especially in the Asia Pacific and South America region. In addition, the lack of global standards, technological glitches, and errors are factors responsible for restraining the market. Additionally, the lack of standardization in terms of feeding system technology and devices is further expected to slow down the market growth in the coming years. The feeding system devices communicate through various interfaces, technologies, and protocols, however, there is a lack of standardization in terms of these interfaces, technologies, and protocols leading to problems in the interpretation of data.
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The Global Feeding Systems market is segmented based on type, livestock, technology, and region.
Based on type, the market is divided into rail-guided feeding systems, conveyor feeding systems, and self-propelled feeding systems. Self-propelled feeding systems are expected to hold the largest market share in the forecast period, 2024-2028. Among all categories, this category is widely demanded because of its flexible operation, lessening operation costs, and high feeding productivity.
Based on the technology, the market is divided into manual, automated, RFID, guidance & remote sensing, and others. As per estimates, guidance & remote sensing will experience the highest market share during the forecast period. Guidance & remote sensing helps the farmer guide the farmer about the livestock and can resolve any difficulties faced regarding cattle farming.
By Livestock, the global feeding system market can be categorized into ruminant, poultry, swine, and others. The ruminant segment dominated the market in 2022 and is expected to dominate the market through 2028. This can be ascribed to the fact that ruminant species are being reared for milk and dairy products. The growing demand for milk and dairy products has significantly increased the need for considering the feeding requirements of ruminant animals such as cattle, sheep, buffaloes, and goats, thereby supporting the growth of the global feeding systems market in the coming years. Feeding systems help the farmers by providing feed products that align with the requirements of ruminants and help in maintaining the health of the herd. Furthermore, the growing consumption of meat especially in Europe and North American regions is expected to drive the growth of the feeding system market during the forecast period.
Regionally, Europe is expected to hold significant positioning in the global feeding system market on account of the fact that Europe’s dairy sector is the second largest agricultural sector representing more than 12% of the total agricultural output.
Major companies operating in the global feeding systems market are:
- Pellon Group Oy
- Afimilk Ltd.
- CTB, Inc.
- Trioliet B.V.
- GEA Group Aktiengesellschaft
- Maskinfabrikken Cormall A/S
- HETWIN Automation System GmbH
- JH AGRO A/S
- Rovibec Agrisolutions Inc.
- Lely Industries N.V.
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“Globally, the increasing demand for livestock makes feeding systems a lucrative market and is further expected to achieve impressive growth. Besides the people’s needs, government initiatives such as Basic Payment Scheme, New Support Scheme, Lumpsum Exit Plan, and others for encouraging agriculture activities, ongoing technological development, and marketers’ efforts will increase livestock-based food production along with consumption and export. All these factors directly impact the market growth, creating favorable conditions to drive the global Feeding Systems market growth till 2028.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Feeding Systems Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F. Segmented By Type (Rail-Guided Feeding System, Conveyor Feeding System, Self-Propelled Feeding System), By Livestock (Ruminant, Poultry, Swine, Others), By Technology (Manual, Automated, RFID, Guidance & Remote Sensing, Others), By Region and Competition, has evaluated the future growth potential of global feeding systems market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global feeding systems market.”
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