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Animal feeding equipment is one of the most crucial and critical tools for the administration of feeds to animals. This equipment helps to ensure their healthy survival, continued productivity, and the absence of various diseases, which may be often caused due to nutritional deficiencies. Animal feed refers to the food that is provided to domesticated animals, which includes both livestock and companion animals. The types of animal feeding equipment differ from animal to animal and can be applied to both the livestock and companion animals. Animal feed is essential for the animal’s health since it provides a better immunity against diseases and also helps in the prevention and better recovery from diseases. For livestock animals, animal feed is needed for their productivity and is essential for the agricultural production of milk, eggs, fiber, and meat. Deficiencies due to improper animal feed are not physically visible but are often reflected in the major reduction of their productivity. These deficiencies lead to the sub-optimal growth and fertility of the animals. Thus, to increase agricultural production and maintain the health of animals, feeding equipment is in demand propelling the growth of the animal feeding equipment market.
Key Market Driver -
Demand for animal feeding equipment to minimize animal infections and diseases
Key Market Restraint -
Lack of awareness & standardization of animal feeding equipment
The global animal feeding equipment market is anticipated to grow owing to several factors such as the rising animal population, increasing the prevalence of animal diseases, and growing pet ownership. Additionally, higher demand for meat and animal-based products, easy accessibility & affordability of treatment and rising awareness about animal health & welfare is driving the market potential of animal feeding equipment. According to the Food and Agriculture Organization (FAO) of the United Nations, the U.S. had 93.7 million cattle in 2017. This high number of cattle leading to increased demand for animal feeding equipment is anticipated to positively drive the market growth.
However, the factors limiting the growth of the global animal feeding equipment market are lack of awareness amongst the emerging markets, high initial costs of the animal feeding equipment and the issues associated with the lack of standardization of the animal feeding equipment.
The major companies covered in the global animal feeding equipment market report include AGCO Corporation, GEA Group, DeLaval, Big Dutchman, KUHN S.A., Lely, Trioliet, VDL Agrotech, Rovibec Agrisolutions Inc., Daviesway Pty Ltd., and others.
As per the current animal feeding equipment market trends, automatic animal feeding equipment is anticipated to dominate the market in terms of revenue, attributed to the surging demand of livestock farmers to improve quality and productivity of the agricultural products.
Geographically, the global animal feeding equipment market is segmented in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominates the global animal feeding equipment market owing to increased awareness regarding animal nutrition, high livestock animal population, increasing prevalence of animal disease, and growing animal health expenditure. Asia Pacific is the fastest emerging market owing to large livestock animal pool, increasing incidences of animal disorders, and rising awareness of animal welfare.
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Also, the introduction of government initiatives for the implementation of animal feeding equipment is expected to contribute positively to the market growth. Europe is expected to witness a significant growth in the animal feeding equipment market owing to the demand and development of feeding equipment. Latin America and Middle East & Africa are anticipated to register a slow growth owing to lack of awareness and less technological advancements in the Middle East & African countries.
By Feeder type
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