The hog feeder market is expected to grow from US$ 1,530 million in 2023 to over US$ 2,516 million by 2033. The adoption of hog feeders is expected to rise at a CAGR of 5.1% during the forecast period.
Due to the inefficiency of manual machinery and the high labor expenses associated with operating manual or semi-automatic feeders, the demand for automated hog feeders has increased. Hog feeder devices that are highly user-friendly and practical are being developed by the makers. Due to the expanding hog population and rise in disposable money, automatic hog feeder sales have surged. These are the factors that are propelling the development of automatic hog feeder equipment on a global scale.
Additionally, farmers are more interested in employing autonomous hog feeder equipment to reduce labor needs and enhance hog productivity due to the surge in demand for hog meat and associated goods throughout the world. Therefore, during the projected period, these factors are anticipated to increase the adoption of hog feeder equipment.
The rising demand for animal protein, notably in the form of meat, is expected to enhance hog output, which is also expected to hasten the growth of the hog feeder sector. Pork is highly popular among the people of various economies because of its fair price structure. Sales of hog feeders are expected to increase throughout the projection period as a result of well-established pork markets in western countries and expanding trade in livestock and pork across several global economies.
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Key Takeaways from the Hog Feeder Market
- The bunk feeder category is estimated to dominate the market for hog feeders, with a predicted CAGR of 6.9% throughout the research period.
- The stainless-steel hog feeders market is anticipated to grow at a CAGR of more than 5.89% by 2033 due to stainless steel’s resistance to corrosion, tensile strength, and durability.
- By 2033, the U.S. hog feeder market is projected to reach US$ 433.8 million, growing at a CAGR of 8.3%. Additionally, the growing demand for pork-based goods is having an impact on the growth of this industry in the US.
- By 2033, the German hog feeder market is projected to be valued at US$ 227.0 million, expanding at a CAGR of 15.6%.
- By 2033, the Japanese hog feeder market is expected to reach US$ 270.6 million, growing at a robust CAGR of 4.8%.
- China holds a 10.1% market share in the global hog feeder market and is expected to develop at a CAGR of 4.1% over the projected period.
- Due to the large hog consumption in the area, it is predicted that China’s hog feeder sector is likely to reach US$ 219.5 by 2033.
Who is Winning?
Major corporations in the hog feeder industry are focusing on mergers and acquisitions and collaborating with regional firms to increase their market share in the global market. To gain a competitive edge, the government, equipment manufacturers, commercial distribution utilities, and service providers are substantially investing in research and development activities to reduce power outages and raise the demand for automated hog feeding systems.
Due to the existence of some of the big players, the hog feeder industry has strong competition. The hog feeder industry is moderately concentrated, and numerous well-known corporations use strategies including product innovation, mergers, and acquisitions to outperform competitors.
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Recent Developments in the Hog Feeder Market:
- In May 2022, ANDRITZ revealed three new developments in animal and aqua feed equipment: the micro feed system, the 3-Rolls assembly update for the Paladin 2000, and the metris vibe. The aqua feed-specific extruder is used in this micro feed system. When compared to conventional extrusion machines, the technology increases capacity by 40% with a size of less than 2mm.
- The Kahl Group member F.H. Schule Mühlenbau and Bratney Companies signed a strategic collaboration agreement in July 2019. This partnership includes joint distributorship, sales, and promotional efforts in the United States for both new and existing milling facilities.
Key Segments Covered in the Report
By Product Type:
- Hay Feeders
- Bunk Feeders
- Feed Feeders
- Lick Feeders
By Material:
- Stainless Steel
- Mild Steel
- Plastic
- A mix of Plastic & Stainless steel
By Region:
- North America
- Latin America
- Europe
- Asia Pacific (APAC)
- Middle East & Africa (MEA)
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