Copyright © 2024 Research Nester. All Rights Reserved
Automated Feeding Systems Market size was over USD 4.25 billion in 2023 and is anticipated to cross USD 10.49 billion by 2036, growing at more than 7.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of automated feeding systems is estimated at USD 4.49 billion.
Automatic feeding systems is widely used for feeding animals. Increasing demand for meat and dairy products, backed by the rising consumption of these products around the world, is raising the need amongst the farmers to tame a greater number of animals, so as to meet the rising demand. As automated feeding systems benefit animal husbandry processes by enhancing process efficiency and reduced operational costs, there is an increasing demand for automated feeding systems amongst the animal husbandry farms, which is anticipated to contribute significantly towards the growth of the market. Moreover, increasing need amongst manufacturers across several industry verticals for automated processes of their production line, is also anticipated to raise the demand for automated feeding systems, and in turn the growth of the automated feeding systems market.
Growth Driver
Population of the world is increasing at a significant rate and so is the demand for meat and dairy products. To meet the demand farmers are focusing more on the development of animals and for that they require an automated feeding system to keep the cost under check. This increasing demand will drive sales for automated feeding systems in the future, which in turn is anticipated to drive the growth of the automated feeding systems market.
Companies all around the world are focusing on reducing defects and improve their process accuracy. For this purpose, it is necessary to reduce human errors as much as possible. Automation provides them precision and accuracy. In current times, demand for automation is increasing day by day and it will boost the growth of automation in feeding machine sector as well.
Not only the population of human beings is increasing but the population of livestock is also increasing. With the increase in population it becomes very difficult to manage and monitor the herd manually. Therefore, the demand for automated feeding systems will thrive as it helps in feeding them systematically and also helps in tracking and monitoring them.
Challenges
Automated feeding systems require a lot of capital to purchase and setup. High initial investment sometimes become a hindrance for farmers with low income. In order to fulfil huge demand of dairy and poultry products, famers need a better system to manage and monitor livestock, but limitation of capital does not allow them to invest in automated feeding systems. Most of the small companies also do not have capital to invest in these machines.
Automated feeding systems requires skills and knowledge in order to be used in an efficient way. They need highly efficient management tools for working in an uninterrupted manner. People who have these skills are very less and to educate people about the usage of these machines is a major challenge which needs to be tackled.
|
Base Year |
2023 |
|
Forecast Year |
2024-2036 |
|
CAGR |
7.2% |
|
Base Year Market Size (2023) |
USD 4.25 billion |
|
Forecast Year Market Size (2036) |
USD 10.49 billion |
|
Regional Scope |
|
The automated feeding systems market is segmented by application into poultry, pet, pork, aquarium, ruminants and others. The ruminants segment has the highest market share in this segment. Rising population and increasing demand for dairy products contribute to the need for automation in ruminant segment and farmers are opting for automated feeding systems to reduce cost and increase productivity.
On the basis of function, distributor segment contributes to the maximum market share. Distributors help in distributing the food or parts with precision. Farmers are conscious about the health of their animals and they know the need for precision and providing food in adequate intervals for their development. Rail-guided feed wagon and self-propelled feeder are two types of distributors used to feed among the livestock.
In the feeding equipment segment, individual step-feeder machine segment has the largest market share owing to equine and cow feeder machines. It is expected to gain significant market share in upcoming years also to maintain the cost-revenue ratio and proper development of animals.
Our in-depth analysis of the global market includes the following segments:
|
By Application |
|
|
By Feeding Equipment |
|
|
By Function |
|
On the basis of regional analysis, the global automated feeding systems market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
Currently, Europe region dominates the market on the back of its leading technologies and focus on innovation but, North America is showing rapid growth in the market so as to fulfil the need of meat and dairy products. It is expected to have the largest market share by 2028. Asia pacific is also showing promising rise in the market share but it is limited by the high setup cost of the automatic machines. Increasing demand for the machines and equipment made global companies to innovate brilliant products in the form of individual feeder machines and group feeder machines.
Author Credits: Richa Gupta
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?