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Global Feeding Systems Market Forecast to Reach $3.9 Billion by 2027, Fueled by Technological Advancements and Growing Dairy Farms

10-02-2023 10:30 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Markets and Markets

Global Feeding Systems Market Forecast to Reach $3.9 Billion

The global feeding systems market is on track to reach a projected value of USD 3.9 billion by 2027, with a compound annual growth rate (CAGR) of 7.7% from 2022 to 2027, according to a recent report titled "Feeding Systems Market by Type (Rail-Guided, Conveyor Belt, Self-Propelled), Livestock (Ruminants, Poultry, Swine), Offering (Hardware, Software, Services), Technology (Manual, Automatic), Function and Region - Global Forecast to 2027." This growth is primarily attributed to the expansion of dairy farms, increased focus on technological advancements, product launches, and developments by major companies, as well as significant cost savings associated with automated feeding systems. However, the market does face challenges, including high initial capital requirements that may discourage small and medium-sized farms from automating their feeding processes.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=102235948

The comprehensive report comprises 237 market data tables, 53 figures, and an in-depth table of contents, providing a detailed analysis of the Feeding Systems Market. Link to the detailed Table of Content

Key Highlights:

Self-Propelled Feeding Systems Lead the Way:

Among the different types of feeding systems, self-propelled feeding systems are expected to exhibit the highest CAGR during the forecast period in terms of value. These systems offer advanced and flexible solutions for automating the feeding of livestock animals. Their popularity is growing, particularly in Asia Pacific countries such as Japan, China, Australia, and India.

Poultry Industry Drives Demand:

The poultry industry is poised to witness significant demand for feeding systems in the coming years. Globally, poultry meat is projected to represent 41% of all protein from meat sources by 2030, which will drive the consumption of poultry products. Manufacturers are increasingly investing in innovative feeding system technologies to produce high-quality poultry feed.

Rise of Automated Feeding:

The automated segment is expected to dominate the feeding systems market during the forecast period. The emergence of automation in feeding management, coupled with a growing awareness of livestock health and safety, has resulted in the adoption of automated systems in various livestock farms, including dairy farms, poultry farms, swine farms, and equine farms.

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North America as a Key Market:

North America is anticipated to be the second-largest market in the feeding systems industry. The region's importance is growing due to increased demand for performance-boosting cattle feed and improved animal welfare. Over the past three decades, there has been a shift from conventional to automated systems in North America, driven by technological advancements and affordability for animal rearers.

Key Players:

Prominent players in the feeding systems 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 Systems GmbH (Austria), and JH AGRO A/S (Denmark).

In conclusion, the global feeding systems market is set for substantial growth, driven by technological advancements, the expansion of dairy farms, and the increasing demand for quality livestock products. Automated feeding systems are gaining prominence, particularly in North America, as the industry strives to meet the evolving needs of farmers and consumers.

View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/feeding-system-market-102235948.html

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
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