PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1568347
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1568347
The global market for feeding systems is estimated to be valued at USD 3.22 billion in 2024 and is projected to reach USD 4.72 billion by 2029, at a CAGR of 8.0% during the forecast period. The adoption of artificial intelligence is empowering livestock growers to enhance livestock health through advanced remote monitoring and data-driven decision-making. Adoption of various technologies such as feeding robots, RFID technology, guidance and remote-sensing technology, among others, allows ranchers to increase their income through efficient management of livestock farms. For instance, DeLaval, a leading provider of dairy equipment and services, offers a variety of AI-based solutions for precision livestock farming, including feeding systems. These solutions can help farmers improve milk production, animal welfare, and farm efficiency.
Scope of the Report | |
---|---|
Years Considered for the Study | 2024-2029 |
Base Year | 2023 |
Forecast Period | 2024-2029 |
Units Considered | Value (USD) and Volume (Units) |
Segments | By Livestock, Type, Offering, Function, Power Source (qualitative), Farm Size/Capacity (qualitative), and Region |
Regions covered | North America, Europe, Asia Pacific, South America, and RoW |
"The Automated sub-segment is growing at a significant CAGR among the technology of feeding systems market."
The automated segment in the feeding systems is gaining significant traction owing to its efficiency in farming activities, and it saves labor costs. Automated systems, such as robotic and telemetry, RFID technology, guidance and remote-sensing technology, among others, accord accurate precision and timely control of feed distribution to provide maximum nutrition while at the same time reducing the amount of waste, which in turn enhances productivity and better health among the populations of animals. Thus, the increasing integration of smart technologies into daily life calls is expected to generate a significant opportunity for livestock growers as it allows precision control over feed quality and timely feed that improves livestock health and reduces disease risks. Thus, healthy livestock provides a better yield that creates economic benefits for the livestock growers.
"The ruminant segment is projected to hold a significant market share in the livestock segment during the forecast period."
Ruminants are a source of milk and meat, and the quality of these products depends on the quality of the feed as well as the efficiency and preciseness of the feeding process. Thus, advanced technological animal feeding systems help in the reduction of microbial-related diseases in ruminants, and improve feed efficiency and animal growth. According to the Agriculture and Horticulture Development Board, in July 2023, it was noted that the increase in global beef production to 59.6 million tonnes showed growing demand for large-scale beef farms. Similarly, automated feeding systems of such a scale are required for handling such an ever-growth herd. A very modern data-driven feeding system is expected to optimize feeding schedules, monitor cattle health, and ensure overall herd performance. This is expected to generate a greater opportunity for the feeding system manufacturers as large-scale farms require automated systems to manage the operations and to feed the large heard more efficiently. Furthermore, there is an increase in global security and sustainability in livestock farming practices. The livestock growers are more concerned about feed waste management and feed efficiency. Thus, this is expected to create an opportunity for the feeding system manufacturers.
Asia Pacific is expected to have a significant share in the feeding systems market.
The feeding systems market in the Asia Pacific region is expected to have a significant share during the forecast period. The market includes countries such as China, Japan, Australia & New Zealand, India, and the Rest of Asia Pacific. The demographic growth rate, in particular in developing countries, is still triggering the increasing demand for more efficient automated feeding solutions for livestock farming. Advanced feeding systems are being used by farmers to meet the surging demand for livestock products with the optimum utilization of resources. Some of the key drivers for adopting feeding systems in the region include the need to raise livestock productivity, accelerate resource efficiency, and increase awareness concerning the benefits of automated feeding systems. On the other hand, some of the prevailing challenges in the region include high initial investment costs, slow returns, and a lack of knowledge among farmers regarding these technologies.
Prominent companies in the market include DeLaval (Sweden), GEA Group Aktiengesellschaft (Germany), Lely (Netherlands), Trioliet B.V. (Netherlands), VDL Agrotech (Netherlands), ScaleAQ (Norway), AGCO Corporation (US), BouMatic (US), Pellon Group Oy (Finland), Rovibec Agrisolutions (Canada), CTB, Inc. (US), AKVA Group (Norway), Dairymaster (US), Maskinfabrikken Cormall A/S (Denmark), Schauer Agrotronic GmbH (Austria).
Other players include HETWIN Automation Systems GmbH (Austria), and JH AGRO A/S (Denmark), WASSERBAUER GmbH Feeding Systems (Austria), Valmetal (Canada), Vijay Raj Poultry Equipments Pvt Ltd (India), EMILY Ets (France), SARL GALONNIER (France), Bison Industries, Inc. (US), SIEPLO (Netherlands), Feedtech Feeding Systems (Australia), One2Feed (Denmark) and Cloverdale Equipment (US).
This research report categorizes the feeding systems market feeding systems market by type (rail-guided, conveyor belt, self-propelled), livestock (ruminant, poultry, swine), offering (hardware, software, services), technology, function, end-user, power source and region (North America, Europe, Asia Pacific, South America, and Rest of the World). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of feeding systems. A detailed analysis of the key industry players has been done to provide insights into their business overview, services, key strategies, contracts, partnerships, agreements, new service launches, mergers and acquisitions, and recent developments associated with the feeding systems market. Competitive analysis of upcoming startups in the feeding systems market ecosystem is covered in this report. Furthermore, industry-specific trends such as technology analysis, ecosystem and market mapping, patent, regulatory landscape, among others, are also covered in the study.
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall feeding systems and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.