The European feeding systems market was valued at USD 325.12 million in 2023 and is anticipated to reach USD 354.06 million in 2024 from USD 700.32 million by 2032, growing at a CAGR of 8.9% from 2024 to 2032.
It captures 25% of the global market. Feeding systems are designed to efficiently manage the nutritional requirements of animal husbandry and other businesses related to it. The main reason for the installation of these systems is to automate the entire process of feeding the animals along with cost reduction.
Augmenting the size of dairy farms worldwide, the rising focus of companies on technological advancements in feeding management coupled with new product launches, and considerable cost savings related to the adoption of feeding systems are the key factors anticipated to drive the growth of the market during the aforementioned forecast period.
The primary restraint for the growth of the market is the paucity of trained professionals to handle numerous types of feeding systems and the high upfront cost involved in the installation of automated feeding systems. Currently, there is an inadequate supply of trained professionals in the livestock industry.
Various factors, like enhanced performance of these hardware and software systems, standardization of hardware and software systems, and reduced time and cost related to feeding management, incentivize livestock owners to adopt various types of feeding systems. The hardware offering category is projected to command the feeding systems market during the aforementioned forecast period.
The swine farm application category of the feeding systems market is estimated to grow at the highest CAGR during the aforementioned forecast period. The high growth of this application category is due to the growing adoption of automated feeding systems like liquid feeding systems and dry feeding systems on swine farms for feeding livestock.
Manual feeding of livestock is a very costly and time-consuming process because of the large-scale labor involved in it. Hardware and software feeding solutions enable automatic identification of livestock and data capturing, resulting in accurate and quick tracking of livestock and their feeding.
It is the second-largest market in terms of market share.
Major players in this market include Trioliet B.V. (Netherlands), DeLaval Holding AB (Sweden), Lely Holding S.A.R.L (Netherlands), Cormall AS (Denmark), and GEA Group AG (Germany), among others and providers of software and services for feeding systems, which include Agrologic Ltd (Israel), Cormall AS (Denmark), Rovibec Agrisolutions Inc. (Canada), and DairyMaster (Ireland), among others.
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