The global automated feeding systems market size is expected to reach USD 6.35 billion in 2024 and reach USD 9.16 billion by 2029, growing at a CAGR of 7.6% from 2024 to 2029.
The ever-increasing size of dairy farms, the growing attention of large companies to technological advancements, as well as product launch and development, and the substantial cost savings associated with automated feeding systems are major drivers of the market. On the other hand, the high initial cost is a limiting factor for the market for automated feeding systems.
A feeding system refers to one that feeds or delivers the material required by an entity which may include a machine system or even an animal when considered in the dairy context. In the context of dairy products, a feeding system is one that provides the necessary nutrients to livestock for livestock to produce the maximum amount of milk, leading to an overall increase in milk production. Nutrients supplied by food systems include grains, minerals, proteins, and forages, among others. These nutrients can be provided individually or in various combinations.
The global market for automated feeding systems is driven by a changing preference to reduce the operating cost, time, and waste associated with manual feeding by adopting automated processes. In addition, the ever-increasing size of dairy farms, the increasing demand for livestock monitoring services, as well as the increased consumption of dairy and meat products are some of the factors that are estimated to drive the growth of the target market.
The high cost of installing the automated feeding system can hurt the business growth. However, the growing adoption of technology-based power systems around the world is likely to drive market growth upward.
Coronavirus is an unrivaled global public health emergency that has affected nearly every industry, hence the long-term effects that are expected to impact industry growth during the forecast period. Our research amplifies our framework to make sure about the underlying concerns of COVID-19 and possible future pathways. The report provides insights on coronavirus taking into account changes in consumer behavior and demand, purchasing patterns, supply chain deviation, the dynamics of current market forces, and significant government interventions.
REPORT METRIC |
DETAILS |
Market Size Available |
2023 to 2029 |
Base Year |
2023 |
Forecast Period |
2024 to 2029 |
CAGR |
7.6% |
Segments Covered |
By Function, Livestock, Offering, Technology, Type and Region |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
Bauer Technics A.S., Lely Holding S.A.R.L, VDL Agrotech, DeLaval Holding AB, Pellon Group Oy, Cormall AS, Rovibec Agrisolutions Inc., Steinsvik Group AS, GEA Group AG, and DairyMaster and Others. |
The filling and screening segment is estimated to have the largest share of the automated feeding systems market in the future. Belt feeders combine a conveyor belt and a sliding scraper. This permits the distribution of small quantities of raw feed at quick periods to diverse groups of animals. This automated feed filling and screening process provides consistent high reliability and low daily workload.
The ruminant segment is expected to dominate the global market for automated feeding systems in 2018. These program solutions permit automated feeding, allowing correct and rapid management of livestock feeding. The labor cost associated with power management drops dramatically due to increased automation and less labor. Due to these advantages, the market for automated ruminant feeding systems is estimated to grow significantly during the foreseen period.
Various services are used to integrate hardware and software into automated power systems. The service providers are dedicated to managing most of the operations related to hardware installation, software operation, and performance analysis of precision agriculture solutions.
The North American region has been observed to lead with the highest growth rate in the automated feeding systems market, as the reduction in time and costs associated with power management encourages. Ranchers adopted different types of systems that feed-stimulated growth and demand for feed systems in this region. Also, the examination reveals that feeding systems are trending in the North American region. The growing demand for numerous types of feeding systems is anticipated to open up new growth possibilities in the US and is one of the important thing elements driving this market increase. The European market is estimated to represent the second-highest share in terms of revenue due to the increasing adoption of automated feeding systems to reduce the expenses incurred for manual feeding. The growth of the automated feeding systems market in Asia-Pacific is attributed to growing consumer awareness of the importance of these systems. Also, with the rapid economic growth of the region, the demand for meat is increasing, especially in China, India, Japan, and Australia. This increased need for meat products has boosted meat production in this region, which in turn has contributed to business growth.
Key players in the global automated feeding systems market include Bauer Technics A.S., Lely Holding S.A.R.L, VDL Agrotech, DeLaval Holding AB, Pellon Group Oy, Cormall AS, Rovibec Agrisolutions Inc., Steinsvik Group AS, GEA Group AG, and DairyMaster.
In Sweden, a smart feeding solution designed to help dairy farmers save up to 3 hours of labor per day, improve yields, and dramatically reduce feed and capital costs is operational.
By Function
By Livestock
By Offering
By Technology
By Type
By Region
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