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(MoneyNewsWire.Net, November 09, 2017 ) The Global Feeding Systems market size was around USD 840.96 million in 2016. It is expected to grow at a CAGR of 8.4% to reach USD 1.25 billion by 2021. Feeding systems are designed to efficiently manage nutritional requirements of animal husbandry and other business related to it. The main reason for installation of these systems is to automate the entire process of feeding the animals along with cost reduction.
Augmenting size of dairy farms worldwide, rising focus of companies on technological advancements in the 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.
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The primary restraint for the growth of the market is the paucity of trained professionals to handle numerous types feeding systems and high upfront cost involved in the installation of automated feeding systems. Currently, there is inadequate supply of trained professionals in the livestock industry.
The market is segmented on the basis of application, offering, system type, and region. By offering, the market has been categorized into hardware, software, and service. Various factors, like enhanced performance of these hardware and software systems, standardization of hardware and software systems, and reduced time and cost related to the feeding management are incentivizing the 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. By application, the market has been categorized into dairy farm, poultry farm, swine farm, and equine farm.
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. By type, the market has been categorized into rail guided system, conveyor belt system, and self-propelled system. Manual feeding of livestock is very costly and time-consuming process because of the large-scale labour involvement 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.
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By geography, the global Feeding Systems market has been categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North American region is anticipated to command the feeding systems market during the aforementioned forecast period. The Asia Pacific feeding systems market is estimated to grow at the highest CAGR during the aforementioned forecast period. The growth of the Asia Pacific feeding systems market is fuelled by several factors, viz. technological advancements in the feeding management and rising adoption of feeding systems based on new technologies in the Asia Pacific region.
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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