The feeding systems market is projected to reach USD 3.9 billion by 2027, recording a CAGR of 7.7% during the forecast period . It is estimated to be valued at USD 2.7 billion in 2022. A feeding system allows a large number of animals to be fed in a short time so that each animal gets its portion of the allotted feed. The goal is for each animal to have an equal opportunity to eat an equal amount of feed simultaneously. A feeding system allows a large number of animals to be fed in a short time so that each animal gets its portion of the allotted feed. The goal is for each animal to have an equal opportunity to eat an equal amount of feed simultaneously.
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Drivers: Growing number of dairy farms in the world
According to the International Farm Comparison Network (IFCN), in 2021, 116 million dairy farms will milk over 260 million cows globally. The dairy farms have witnessed significant growth over the past few years. In recent years, more large-scale dairy farms have been established in the US and China, while already existing farms are growing the size of their operations. The rising demand for feeding systems can be primarily attributed to the growth in the number of dairy cattle. As the size of the dairy farm increases, it becomes difficult to properly feed a large number of cattle individually. Large-scale dairy operations have arguably greater issues than smaller farms, with labor shortages, farm profitability and feed management, keeping animals healthy, and maintaining high welfare levels. Heat detection, health monitoring, and feed management are increasingly being considered digitally and are automated. Game-changing technologies such as cameras using artificial intelligence offer the ability to passively address feed management, which represents 60% of the cost of producing milk. Various advantages associated with feeding systems technology such as reduced labor cost and increase in the production of dairy farms along with increasing herd size at dairy farms are expected to drive the growth of the feeding systems market.
Challenges: Lack of standardization of feeding systems technology
Feeding system devices communicate through various interfaces, technologies, and protocols. The lack of standardization of these communication interfaces and protocols may result in the misrepresentation of data. Lack of standardization with respect to technologies complicates the integration of systems and hinders the plug-and-play capabilities between unrelated systems. For instance, most equipment manufacturers use their own interface protocols for communication; this affects the communication between the devices belonging to different equipment manufacturers.
Another issue that software and system developers face is access to data related to dairy farms. It is in the absence of this critical information that the devices lack standardization and interoperability metrics. However, as large-scale manufacturers work toward achieving high efficiency, the exchange of key inputs has increased and is expected to improve further.
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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.
Key Market Players:
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).
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