The Ruminants Segment Accounted for the Largest Market Share in Automatic feeding

Posted on 2020-08-27 by MarketsandMarkets in Agriculture // 0 Comments

The global automatic feeding market is estimated at USD 4.37 Billion in 2017 and is projected to reach USD 6.30 Billion by 2022, growing at a CAGR of 7.5% during the forecast period. The primary factors that drive the market are increasing consumption of meat and dairy products and benefits of automation for farmers in the livestock industry.

The increase in the number of consumers for meat and dairy products across the globe has led to an increased interest among the farmers to use automatic feeding equipment for livestock to reduce labor and increase the productivity of the animals due to precise and proper feed delivery on time. The major restraining factor for the market is the lack of standardization of automatic feeding systems.

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The automatic feeding market, by livestock, is segmented into poultry, swine, equine, ruminants and fish. The ruminants segment accounted for the largest market share in 2016. Automatic feeding helps farmers to provide feed according to the requirements of the ruminants and helps to maintain a large herd. Ruminants are a source of milk and meat, and the quality of these products depends not only on the quality of the feed used but also on the efficiency and precision of the feeding process.

Leading companies are AGCO Corporation (US), GEA (Germany), Delaval Holding (Sweden), Big Dutchman (US), and Kuhn (France).

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