Livestock Feeding Systems Market Size, Share, Growth, and Industry Growth by Type (Livestock Breeding Equipment and Livestock Breeding Technology) By Application (Poultry, Cattle, Pig, Equine and Others) Regional Forecast to 2028

Updated On: 13 March 2023

REPORT OVERVIEW

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The livestock feeding systems market size is expected to be USD 7.9353 billion in 2022. The global COVID-19 pandemic has been unprecedented and staggering, with livestock feeding systems experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. As per our research, the market is projected to touch USD 11.34 billion by 2028, exhibiting a CAGR of 6.1% during the forecast period. The sudden spike in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Feeding the cows is a labor-intensive activity that takes a lot of time and effort on a dairy farm. It becomes difficult and time-consuming to give the cattle the right amount of feed mixes at the right times for feeding. Livestock producers may produce milk efficiently and profitably thanks to the automated feeding system, which is a feeding solution. This kind of device effectively monitors and regulates the amount of feed that is given to the cattle. The system is in charge of a number of duties, such as the separation and storage of different feed components, the mixing of feed, and the distribution of feed onto different feeding tables.

As dairy and beef cattle have become more prevalent on farms, demand for livestock feeding systems has grown. Because of how much less effort is required on farms, these solutions are the main force driving the industry. Increased market demand is brought on by the automated feed system's time savings and reduced overall production costs. A further factor driving the business is the increase in demand for meat and dairy products.

COVID-19 Impact: Transport Constraints to Challenge the Market Demands

The supply chain for feed additives and livestock management robots was adversely affected by the expansion of Covid-19 around the world. Transport constraints to and from the supplier countries also made it difficult to get essential materials, like soybean meal, to the cattle ranches, which eventually made it difficult to use existing livestock feeding systems and to buy new ones. But because lockdown regulations are becoming laxer and there is a growing market for meat and poultry products, the market for livestock feeding systems will accelerate and expand rapidly.

LATEST TRENDS

"Rising Demands for Animal Items to Augment the Market Demands"

The market is also being driven by factors such as the rise in the number of large-scale dairy farms, the increased focus of leading players on technological developments pertaining to feeding pushers, feeding robots, and robotic kitchen storage machines, as well as the affordability of using automatic and battery-operated feeding robots. The effect of technology is expanding across all industries, and agriculture technology is gradually making its way into industrial settings. Cow ranchers are gradually employing novel methods for cattle feed due to the rising demand for items from animals that are both high quality and plentiful. In order to establish their R&D facilities globally, several businesses are working with important players who also have an interest in this industry. Future projections call for this to increase in a significant way.

Segmentation

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• By Type Analysis

By type, market is segmented into livestock breeding equipment and livestock breeding technology. The livestock breeding equipment segment will dominate the market in the coming years.

• By Application Analysis

Based on applications, the market is classified into poultry, cattle, pig, equine and others. The poultry segment will lead the global share through 2028.

DRIVING FACTORS

"Demand for High Protein Food to Propel the Market Demands"

The demand for foods high in protein and those made from animals is expected to increase at the same time due to the world's population's fast growth. In order to satisfy the demands and requests of the rising population, farmers are therefore extending their farms with limited resources. The yearly output of meat worldwide is predicted to increase throughout the anticipated period, according to research by the UN Food and Agriculture Organization.

"Youth and Modern Feeding Systems to Boost the Market"

The livestock feeding system assists in providing the livestock animals with the proper amount and timing of food. Because their animals don't receive a sufficient diet, farmers that engage in aquaculture and cattle farming consistently struggle with livestock health. Youths were following the trend and looking for better employment opportunities, which caused a labour shortage in agriculture and decreased the number of people available to care for and feed the cattle. This has led to an increased demand for feeding systems as a result of the requirement for systems that can feed livestock on time. As a result, the development of the livestock feeding systems market is anticipated for the next year due to how modern feeding systems assist them in resolving the problem and increasing their yearly profitability.

RESTRAINING FACTORS

"High Initial Investment Cost to Impede the Market"

The adoption of livestock feeding systems requires a substantial outlay of money, which acts as the main restraint on the market. On the other hand, it is anticipated that throughout the projection period, service providers that handle the bulk of activities related to hardware installation, software operation, and output analysis of precision farming solutions would provide a threat to the market.

REGIONAL INSIGHTS

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"Europe’s Livestock Feeding Systems Market’s Share to Grow Exponentially with the Forecast Period."

Europe is currently dominating the global livestock feeding systems market as a result of factors like increasing company focus on technological advancements in feeding management, effectively managing animal nutrition requirements, and increasing adoption of software in Livestock feeding systems in livestock farming. For instance, Trioliet introduced new feeding machinery dubbed Solomix 3 in an effort to attract major European cattle farms aiming to grow their clientele and diversify their product line. As a consequence of several advancements in equipment lines and feeding equipment to satisfy the rising demand of farm owners and farmers, North America is predicted to rise over the course of the projection period. The market for livestock feeding systems is also supported by the rising demand for meat in this area.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.

List of Market Players Profiled

• Big Dutchman (Germany)
• De Laval (Sweden)
• GEA Group (Germany)
• Lely (Netherlands)
• Trioliet (Netherlands)

REPORT COVERAGE

The market research study examines the worldwide market in detail, focusing on important elements such as leading players, product/services or type, and leading end-use applications. Aside from that, the research analyses major advancements and provides insights into lighting market trends. In addition to the causes indicated above, the paper includes a number of other factors that have contributed to recent growth.