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.
Author Credits: Richa Gupta
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