(MENAFN- PR Newswire) DUBLIN, May 30, 2023 /PRNewswire/ --
The "feeding systems market- global industry size, share, trends, opportunity, and forecast, 2018-2028f segmented by type (rail-guided feeding system, conveyor feeding system, self-propelled feeding system), by livestock, by technology, by region and by competition" report has been added to
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Global Feeding System Market is driven by growing awareness about livestock health.
As the population grows, the need for food is expected to rise, including meat and dairy products. Due to this, there is enormous pressure on the livestock market to increase the number of livestock on their farmland. Hence, it is anticipated that livestock farming is going to grow in the upcoming time, directly impacting the feeding systems market in the region.
Besides, the increasing global population has increased the need for food safety and security, thereby increasing the demand for milk and other dairy products. According to Worldometer, the global population has crossed 8 billion counts. To address the growing need for better quality and higher quantity of milk and dairy products, the demand for advanced approaches to animal feeding is increasing, thereby creating new prospects for the growth of the feeding systems market.
Rising Demand for Dairy Products and Meats
Owing to the rapidly rising population, the demand for high-protein food and livestock-based food is projected to rise simultaneously. As an outcome, farmers are expanding their farms with limited resources to fulfill the growing population's needs and orders. According to the UN Food and Agriculture Organization report, global annual meat production amounted to nearly 337.18 million tons in 2020 and is expected to rise in the forecasted period.
Growing Prevenance of Feeding Systems
The feeding system helps feed the livestock animals on time and in the required quantity. Farmers who indulge in cattle farming and aquaculture activities always have a significant issue with livestock health due to the lack of a proper diet. As per the trend, youths were searching for better career options, leading to a labor shortage in agriculture, thereby reducing the manpower available to look after the cattle and feed them. This in turn has created the need for systems that can provide feed on time to the cattle, thereby increasing the demand for feeding systems Thus, advanced feeding systems help them resolve the issue and increase their annual profitability, driving the growth of the feeding systems market in the projected year.
Technological Advancements
Agriculture tech is slowly entering the industrial workspace as the impact of technology is growing in every sector. With the increasing demand for good quality and quantity of livestock products, cattle farmers are progressively using innovative tactics for cattle feed. Many players are interested in this sector and are collaborating with key players to set up their R&D plants worldwide. This is expected to experience impressive growth in the future.
Recent Developments
In October 2022, Baxter Pharmaceuticals India Pvt. Ltd, a subsidiary of Baxter International, Inc., inaugurated a global pharmaceuticals R&D Centre in India. They use the facilities to accelerate innovation in the generic and differentiated injectable pharmaceutical types. In October 2021, SAC Group was acquired by BouMatic. This acquisition will help BouMatic grow as one of the prominent full-line suppliers in the dairy space.
Report Scope:
In this report, Global Feeding Systems market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Feeding Systems Market, By Type:
Rail-Guided Feeding System Conveyor Feeding System Self-Propelled Feeding System
Feeding Systems Market, By Livestock:
Ruminant Poultry Swine Others
Feeding Systems Market, By Technology:
Manual Automated RFID Guidance & Remote Sensing Others
Feeding Systems Market, By region:
North America United States Canada Mexico Asia-Pacific China India Malaysia Australia Japan Europe & CIS Germany France United Kingdom Spain South America Brazil Argentina Colombia Middle East & Africa South Africa Saudi Arabia UAE Egypt Turkey
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Global Feeding Systems Market Outlook
5. North America Feeding Systems Market Outlook
6. Europe Feeding Systems Market Outlook
7. Asia-Pacific Feeding Systems Market Outlook
8. South America Feeding Systems Market Outlook
9. Middle East and Africa Feeding Systems Market Outlook
10. Market Dynamics
10.1. Drivers
10.1.1. Rising Demand for Dairy Products
10.1.2. Growing demand of Meat-based foods
10.1.3. Favourable Government policy
10.2. Challenges
10.2.1. High Cost of Machine
10.2.2. lack of global standards
11. Market Trends & Developments
11.1. Intense investment for ongoing R&D
11.2. Product launch
11.3. Merger and Acquisition
12. Global Feeding Systems Market: SWOT Analysis
13. Porter's Five Forces Analysis
14. Competitive Landscape
15. Strategic Recommendations
A selection of companies mentioned in this report includes
Pellon Group Oy Afimilk Ltd. CTB, Inc. Trioliet B.V. GEA Group Aktiengesellschaft Maskinfabrikken Cormall A/S HETWIN Automation System GmbH JH AGRO A/S Rovibec Agrisolutions Inc. Lely Industries N.V.
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