Share on

Latin America Feeding Systems Market By System Type (Conveyor Belt System, Self-Propelled System, Rail Guided System,), By Offering (Software, Hardware, Service), By Application (Swine Farm, Dairy Farm, Poultry Farm, Equine Farm) And By Region - Industry Analysis, Size, Share, Growth, Trends And Forecasts (2022 to 2027).

Published: January, 2022
ID: 3704
Pages: 145
Formats: report pdf report excel report power bi report ppt

Latin America Feeding Systems Market Size, Growth, Trends and Forecast:

Latin America Feeding Systems Market size was around USD 120.59 million in 2021. It is expected to grow at a CAGR of 7.2% to reach USD 171.88 million by 2026. It captures 12% of the global market. 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.

Drivers and Restraints of Latin America Feeding Systems Market:

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. 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 an inadequate supply of trained professionals in the livestock industry.

Latin America Feeding Systems Market Segmentation:

Latin America Feeding Systems Market – By Offering:

  • hardware

  • software
  • 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.

Latin America Feeding Systems Market – By Application:

  • dairy farm
  • poultry farm
  • swine farm
  • 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.

Latin America Feeding Systems Market – By Type:

  • rail guided system
  • conveyor belt system
  • self-propelled system

Manual feeding of livestock is very costly and time-consuming process because of the large-scale labour involved 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.

Geographical Analysis:

By geography, the Latin America Feeding Systems market has been categorized into

  • Brazil
  • Chile
  • Argentina
  • Others

Brazil and Argentina are predicted to lead this regional market

Key Players:

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.

Please wait. . . . Your request is being processed

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2000

Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM

Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!

REACH OUT TO US

Call us on: +1 888 702 9696 (U.S Toll Free)

Write to us: sales@marketdataforecast.com

Click for Request Sample