The Worldwide Feeding Systems Industry is Projected to Reach $3.9 Billion by 2027
DUBLIN, Nov. 22, 2022 /PRNewswire/ -- The "Global Feeding Systems Market by Type (Rail-Guided, Conveyor Belt, Self-Propelled), Livestock (Ruminants, Poultry, Swine), Offering (Hardware, Software, Services), Technology (Manual, Automatic), Function, and Region - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The feeding systems market, based on function, has been segmented into into controlling, mixing, filling and screening, and other functions
Controlling segment within the function category to grow at the highest CAGR during the forecast period. Controlling systems ensure that the farm owner sticks to on-time feeding of livestock for better growth and development. These systems are the most critical part of the feeding system line as they control the entire process of automated feeding on the farm.
Technological advancements have enabled the development of an all-in-one monitoring solution that monitors the behavior and whereabouts of each cow as well as the entire herd. The software gives the most accurate and complete information about individual cows and groups' fertility, health, well-being, location, and nutritional status.
The feeding systems market, based on offering, is estimated to be dominated by hardware during the forecast period
The feeding systems market is segmented, based on offering, into three segments - hardware, software, and services. Hardware accounted for the largest share in 2021. This is attributed to the increasing demand for feeding systems, increasing preference of consumers toward hardware systems, technological advancements by key players to introduce innovative products, the rise in the demand for dairy products, and an increasing number of dairy cattle globally. Moreover, the increasing mechanization in dairy farming due to a shortage of labor, and growing preference for feeding systems are also driving the growth of these hardware systems.
This market, however, possesses a high entry barrier for small players due to the high cost involved in product manufacturing and the presence of well-established players. In addition to this, the lack of awareness about the benefits and the high cost of feeding systems and hardware limit the adoption among dairy farmers in emerging nations.
Asia-Pacific to grow at the highest CAGR during the forecast period
With rapid industrialization, livestock producers are adopting feeding systems to increase production to cater to the growing demand for meat. India has huge opportunities in the feeding industry, as it has remained an untapped market in terms of the utilization of advanced feeding technologies by farmers. The Indian feeding systems market is in its growth stage; farmers are becoming aware of the direct link between animal health and productivity. These factors imply tremendous opportunities for global feeding systems players as well as local ones to invest in the Indian feeding industry.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
184.108.40.206 Growing Number of Dairy Farms
220.127.116.11 Rising Focus on Technological Advancements and New Product Launches by Major Companies
18.104.22.168 Growth in the Meat, Dairy, and Aquaculture Industries
22.214.171.124 Increasing Efficiency Associated with Advanced Feeding Systems
126.96.36.199 High Setup Charges of Automatic Feeding Systems
188.8.131.52 Lack of Awareness and Availability of New Technologies to Small-Scale Farmers
184.108.40.206 Rising Demand for Livestock Monitoring Services in Automated Feeding Systems
220.127.116.11 Remarkable Growth Opportunities for Feeding Systems in Developing Countries
18.104.22.168 Government Programs Supporting the Aquaculture Industry
22.214.171.124 Growing Concerns of Consumers Around Food Safety
126.96.36.199 Lack of Standardization of Feeding Systems Technology
188.8.131.52 Difficulty in Collecting and Analyzing the Large Amount of Farm Data
6 Industry Trends
7 Feeding Systems Market, by Type
8 Feeding Systems Market, by Livestock
9 Feeding Systems Market, by Technology
10 Feeding Systems Market, by Offering
11 Feeding Systems Market, by Function
12 Feeding Systems Market, by Region
13 Competitive Landscape
14 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/qynhuy
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SOURCE Research and Markets