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Feeding Systems Global Market Exhibit a Remarkable CAGR of 7.2% and is expected to reach $2.58 Billion By 2028 | VDL Agrotech B.V., DeLaval Holding AB, Pellon Group Oy, GEA Group AG, Cormall A/S
Feeding Systems Market
As per the report, the feeding systems market size has grown strongly in recent years. It will grow from $1.82 billion in 2023 to $1.95 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The feeding systems market size is expected to see strong growth in the next few years. It will grow to $2.58 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%.
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Rising Dairy Product Demand Propels Growth In Feeding Systems Market
The rising demand for dairy products is expected to propel the feeding systems market. Dairy products are foods derived primarily from or containing milk from mammals such as cattle, goats, sheep, and others. This rising demand for dairy products increased the need for feeding systems to increase the productivity of diary sector. For instance, according to Organisation for Economic Co-operation and Development (OECD) and the Food and Agricultural Organization (FAO) of the United Nations, a collaborative effort, World milk production is expected to increase by 1.6 % annually between 2020 and 2029 and reach 997 million tons in 2029. Therefore, the rise in demand for dairy products will drive the feeding systems market.
Delaval's Autonomous Feeding Robot, Optimat, Redefines Efficiency And Precision In Feeding Systems
Technological advancements are a key trend in the feeding systems market. Major companies operating in the feeding systems market are focused on developing new technologies such as real-time monitoring, diet deficiencies monitoring, and others to boost profitability and strengthen their market position. For instance, in April 2023, DeLaval, a Sweden-based company that specializes in dairy farming and milking equipment, launched a new autonomous feeding robot DeLaval Optimat. The Optimat solution encompasses a range of functions, including weighing, cutting, mixing, and delivering feed to the table, streamlining and automating the entire feeding process on dairy farms. This advancement is poised to reduce costs and labor associated with feeding, offering dairy farmers a more efficient and technologically integrated solution for their operations.
The feeding systems market covered in this report is segmented -
1) By Type: Rail-Guided, Conveyor Belt, Self-Propelled
2) By Technology: Manual, Automated
3) By Function: Controlling, Mixing, Filling and Screening, Other Functions
4) By End Users: Swine Farm, Equine Farm, Dairy Farm, Poultry Farm
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Major companies operating in the feeding systems market report are Lely Holding SARL, VDL Agrotech B.V., DeLaval Holding AB, Pellon Group Oy, GEA Group AG, Cormall A/S, fimilk Ltd., Rovibec Agrisolutions Inc., Dairymaster, Steinsvik Group AS, Bauer Technics AS, Bou Matic LLC, The GSI Group Inc., AKVA Group, Daviesway Pty. Ltd., RO-MAN Manufacturing Inc., Penta TMR Inc., AgroLogic Ltd., Ottevanger Milling Engineers, CST Industries Inc., Feed Energy Company, Van Aarsen International, Zagro Asia Limited, DSM Nutritional Products AG, Fanway Fish Feed Machinery, Sioux Steel Company, Jaylor Fabricating Inc., Hanskamp AgroTech, JF McKenna Ltd., SKIOLD GROUP, Lely Holding S.a.r.l.
Contents of the report:
1. Executive Summary
2. Feeding Systems Market Report Structure
3. Feeding Systems Market Trends And Strategies
4. Feeding Systems Market - Macro Economic Scenario
5. Feeding Systems Market Size And Growth
…..
27. Feeding Systems Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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