The global feeding systems market is expected to grow to USD 3.9 billion by 2027, with a compound annual growth rate (CAGR) of 7.7% from 2022 to 2027. Key drivers for this market include the expansion of dairy farm sizes, a strong focus on technological advancements, and new product launches by major companies. Additionally, automated feeding systems offer significant cost savings. However, the market faces challenges such as high initial capital requirements, which may deter small and medium-sized farms from adopting automation.
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Self feeding Feeding Systems are in High Demand
Self-propelled feeding systems are the most advanced and flexible systems available in the market. Many dairy farms in North America have already adopted these systems because of various advantages associated with them compared to conventional feeding systems. Advantages of self-propelled feeding systems include flexible operation, a decrease in labor cost, and maximum feeding optimization.
Ruminant Segment Under the Livestock Category is Projected to Dominate the Feeding Systems Market
The ruminant species such as cattle, sheep, goats, and buffaloes are mainly reared for producing dairy and meat products in developing and developed countries. Feeding ruminants at the required time is necessary for enhancing digestion and production efficiency. It helps to improve the feed conversion and absorption and strengthens their immune system. Feeding systems help farmers to provide feed products that align with the requirements of ruminants and help in maintaining the health of a large herd. The consumption of beef has also increased in various regions such as North America and Europe.
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Europe Is Projected To Account For The Majority Of Share In The Global Feeding Systems Market During The Forecast Period.
This region comprises major economies such as the UK, Germany, France, Italy, Spain, and the Rest of Europe. Europe is expected to offer a huge platform for the potential growth of the feeding systems market. The EU dairy sector is the second-largest agricultural sector in the region, representing more than 12% of the total agricultural output. Various innovations are done by companies over a period to help farmers. The European poultry meat sector follows production methods in compliance with the very strict EU rules applied throughout the production chain. The current standards in place for EU poultry meat are among the highest in the world, focused on continuing to improve production conditions in terms of resource conservation and animal welfare. This is one of the major reasons to adopt feeding systems so that farmers can monitor livestock health regularly, maintain hygiene, and feed regularly with an appropriate amount of nutrition.
The key players in this market include DeLaval (Sweden), GEA Group Aktiengesellschaft (Germany), Lely (Netherlands), Trioliet B.V. (Netherlands), VDL Agrotech (Netherlands), ScaleAQ (Norway), BouMatic (US), Pellon Group Oy (Finland), Rovibec Agrisolutions (Canada), CTB, Inc. (US), Afimilk Ltd. (Israel), Dairymaster (US), Maskinfabrikken Cormall A/S (Denmark), HETWIN Automation System GmbH (Austria), and JH AGRO A/S (Denmark).
