The Feeding Systems Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Feeding Systems Global Market Report 2024, 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 growth in the historic period can be attributed to agricultural revolution, industrialization impact, focus on livestock efficiency, rise of livestock farming, precision agriculture introduction..
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%. The growth in the forecast period can be attributed to focus on sustainable practices, demand for nutritional optimization, smart and connected farming solutions, consumer demand for quality products, data analytics and predictive insights.. Major trends in the forecast period include integration with mobile platforms, modular and scalable solutions, efficiency in feed conversion, health monitoring integration , eco-friendly solutions..
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.
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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
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 report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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