Feeding Systems Market to Be Dominated by Ruminant Segment Through 2028
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 systems market in the forecast period
2024-2028.
According to TechSci Research
report, “Global Feeding Systems Market- By Region, Competition Forecast
and Opportunities, 2018-2028F”, global Feeding Systems market is
projected to grow at an impressive rate in the forecast period, 2024-2028. 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 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 systems 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 the developing countries especially
in the Asia Pacific and South America region. In addition,, lack of global
standards, technological glitches, and errors are factors responsible for
restraining the market. Additionally, 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 interpretation of data.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC
on "Feeding Systems Market"
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 the 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 at the feeding requirements of the ruminant
animals such as cattle, sheep, buffaloes, goats, thereby supporting the growth
of global feeding systems market in the coming years. Feeding systems help the
farmers in providing feed products which align with the requirements of
ruminants and help in maintaining the heath of the herd. Furthermore, growing
consumption of meat especially in the Europe and North America region is
expected to drive the growth of feeding systems 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 dairy sector is
the second largest agricultural sector representing more than 12% of the total
agricultural output.
Major companies operating in 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, and Lumpsum Exit
Plan and others for encouraging agriculture activities, ongoing technological
development, and marketers' efforts will increase livestock-based food
production along with the consumption and export. All these factors directly
impact 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 global feeding systems market.”
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