The automatic hog feeder market is predicted to be worth US$ 459 million in 2023, and rise to US$ 911 million by 2033. Dem and is expected to increase at a CAGR of 7.1% during the projected period.
Smart technology is becoming popular in the hog feeding industry. The process is made simple by the creation of automated hog feeders with modern amenities like Wi-Fi connectivity. Farmers can now observe and control their hog-feeding operations from any location, due to remote monitoring and even machine learning capabilities.
The expansion of the world market is impacted by recent advancements like automatic weighing and biometrics. The integration of biometric sensors in hog management software allows for the monitoring of more animals with fewer staff members. It provides precise and unbiased information about their welfare and health.
Sales of automatic hog feeder have surged as a result of the inefficiency of manual machinery and the high labor costs associated with operating manual feeders. For higher profit margins, manufacturers of automatic hog feeder are creating equipment that is simple to operate and useful.
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The usage of automatic hog feeders has grown as a result of the expanding hog population and the rise in disposable income. Additionally, with the demand for hog meat and related products increasing globally, farmers are interested in using automatic hog feeders to increase hog production.
Key Takeaways
- In 2022, the US dominated the automatic hog feeder market, with a share of 30.1%.
- The demand for automatic hog feeder increased at a 6.4% CAGR between 2016 and 2022, citing FMI’s study.
- The expansion in China is anticipated to expand at an adequate CAGR of 5.7% by 2033. China’s market is likely to generate a share of US$ 75.3 million by 2033.
- Japan’s automatic hog feeder market share was 4.4% in 2022 due to the rising small-scale hog farms.
- Between 2023 and 2033, the automatic hog feeder market is likely to increase in India at 3.9% CAGR, respectively.
- The expansion in the UK is anticipated to expand at an adequate CAGR of 7.6% by 2033. The UK’s market is expected to generate a share of US$ 38.9 million by 2033.
- Germany’s automatic hog feeder market share was 19.9%, with the worth of US$ 85.2 million in 2022.
- Australia’s market share for automatic hog feeder was 2.3%, with the worth of US$ 9.7 million in 2022.
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Competitors Maximizing their Potential for Greater Market Share
The fact that there is a lot of demand for what the business offers makes for successful companies. Startups developed from businesses that were able to sell to customers directly or through resellers in low-bandwidth settings and regions with cheap distribution costs.
Important players are also spending a lot of money on marketing and promotional initiatives to outperform their rivals. In addition, these businesses are concentrating on strategic alliances and partnerships to diversify their product offerings and win a sizable market share.
Recent Developments
- In May 2022, ANDRITZ unveiled the micro feed system, the 3-Rolls assembly upgrade for the Paladin 2000, and the metris vibe, three new innovations in animal and aqua feed equipment. With a dimension of less than 2mm, the technology enhances capacity by 40% as compared to conventional extrusion machines.
- H. Schule Mühlenbau, a member of the Kahl Group, and Bratney Companies partnered together in July 2019. For both new and current milling plants, this cooperation involves joint distributorship, sales, and marketing initiatives in the United States.
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