The feeding systems global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Feeding Systems Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The feeding systems market size has grown strongly in recent years. It will grow from <b>$1.82 billion in 2023 to $1.95 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. </b> 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 <b>$2.58 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. </b> 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.
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Scope Of Feeding Systems Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Feeding Systems Market Overview
Market Drivers –
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.
Market Trends –
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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Regional Insights –
Europe was the largest region in the feeding systems market in 2023. The regions covered in the feeding systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
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.
Table of Contents
1. Executive Summary
2. Feeding Systems Market characterstics
3. Feeding Systems Market Trends And Strategies
4. Feeding Systems Market – Macro Economic Scenario
5. Global Feeding Systems Market Size And Growth
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31. Global Feeding Systems Market Competitive Benchmarking
32. Global Feeding Systems Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Feeding Systems Market
34. Feeding Systems Market Future Outlook and Potential Analysis
35. Appendix
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