The International Farm Comparison Network (IFCN) estimates that over 260 million cows would be milked by 116 million dairy farms worldwide in 2021. Over the past few years, dairy farms have experienced substantial growth. In the US and China, there have been more large-scale dairy farms constructed recently, and those that already exist are expanding. The increase in the number of dairy cattle is the main cause of the increased need for feeding systems. It gets more difficult to appropriately feed a lot of cattle individually as the dairy farm gets bigger. In terms of labour constraints, farm profitability, and feed management, large-scale dairy businesses potentially face more challenges than smaller farms.
keeping animals in good health and upholding high standards of welfare. Automation and digitization are being used more and more in heat detection, health monitoring, and feed management. Artificial intelligence-powered cameras, for example, have the potential to change the game by passively addressing feed management, which accounts for 60% of the cost of producing milk. The feeding systems market is anticipated to rise as a result of a number of benefits connected to the technology, including decreased labour costs, increased dairy farm production, and larger herd sizes.
Opportunities:
Livestock producers are increasingly utilising cutting-edge techniques for animal feeding in order to meet the growing demand for milk and dairy products of higher quality and quantity. The demand for livestock monitoring tools and technology is anticipated to increase as a result of this development. Due to the accessibility of sophisticated livestock monitoring technologies, developed nations in the Asia Pacific and South America are anticipated to continue to meet a greater proportion of the demand. In contrast to mature markets in North America and Europe, the Asia Pacific and Latin American livestock monitoring markets are anticipated to grow at a faster rate due to the increasing adoption of advanced technologies.
High Demand for Self Propelled Feeding Systems
The most modern and adaptable systems on the market are self-propelled feeding systems. These systems have already been implemented by many dairy farms in North America due to a number of benefits they offer over traditional feeding methods. Self-propelled feeding systems have a number of benefits, such as flexible operation, lower personnel costs, and maximum feeding optimization.
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Global Livestock Feeding Systems Market- Key trends
Rising global demand for dairy products will drive the market expansion
Growing dairy product demand worldwide is a key factor influencing the Feeding Systems Market. The industry is expected to grow as middle populations expand in growing nations like China and India, where consumers can afford more expensive milk. Dairy farmers in these nations are also expected to embrace automated feeding systems at a faster rate. Additionally, a greater understanding of the large cost savings that may be realised by using feeding systems is projected to have a positive market impact. The main elements enhancing the Feeding Systems are the rise in the size of dairy farms, the rise in the significant cost savings associated with automated feeding systems, the rise in the main benefits of automated feeding systems, and the rise in the cost savings associated with automated feeding systems.
Global Livestock Feeding Systems Market- Segmental assessment
By type
• Livestock breeding equipment
• Livestock breeding technology
• Others
By end-user
• Poultry
• Cattle
• Pig
• Equine
Global Livestock Feeding Systems Market- Competitive landscape
The prominent companies defining the competitive terrain of this marketplace are GEA Grou, Trioliet, DeLaval, Dairymaster, Boumatic LLC, AfiMilk, Lely Holding, Big Dutchman, Pellon Group Oy, Fullwood Packo, VDL Agrotech, Sum-it Computer, and Davisway.
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Major questions answered in this report:
What is the CAGR rate for Global Livestock Feeding Systems Market over 2022-2030?
What are the major drivers which aid the Global Livestock Feeding Systems Market?
What are the segments of the Global Livestock Feeding Systems Market?
Which is the fastest growing region in the Global Livestock Feeding Systems Market?
What are some major strategies used by top players for the expansion of their business in the Global Livestock Feeding Systems Market?
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