Growing Demand For Quality Livestock Products Is Expected To Fuel The Animal Feed Equipment Market

The research report "Animal Feed Equipment Market: By Type (Cleaning & Sorting, Grinding, Mixing, Ventilation, Heating , Drinking Systems, Dosing & Batching, Extrusion, Cooling & Drying, Others), By Form of Feed (Pellets, Mash, Crumbles, Others), By Basis of Operation (Automatic, Manual), By Basis of Livestock (Poultry, Ruminant, Swine, Others) and Geography- Global/Region/Country Forecast to 2028." The global animal feed equipment market size is valued at USD X billion in 2021 and is anticipated to grow at a considerable CAGR rate of x% during the forthcoming years 2022-2028.

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Technological developments in the feed production process is projected to impel the Animal Feed Equipment Market:
The global market provides a detailed overview on the animal feed equipment market, which can be classified on the basis of Type, Operation, Form of Feed, Power and Livestock. The market has been categorized into different segments such as Mixing, Cleaning & Sorting, Ventilation, Grinding, Heating, Dosing & Batching, Cooling & Drying, Drinking Systems Extrusion, and others based on type. Among these segments, the cleaning & sorting segment is likely to be rapidly growing and the largest segment. This market is classified into different sectors such as Crumbles, Pellets, Mash, and others based on form of feed. The pellets sector among other sectors is expected to witness fastest-growing market during the forecast time span 2022-2028. The market is segmented into Automatic, Manual based on operation. Among these segments, the manual segment witnessed the major share in 2021 and the electric sector witnessed the second-largest share. The market has been segregated into different segments such as Ruminant, Poultry, Swine, and Others on the basis of Livestock. Among these segments, the Poultry segment is anticipated to lead other segments in the animal feed equipment market and the ruminant segment is projected to witness the highest CAGR during the forecast period.

One of the leading factors boosting the global animal feed market growth is the increasing demand for food along with the growing global population. In addition, technological developments in the feed production process, growing demand for quality livestock products and the growing adoption of animal feed products by the key players are the factors estimated to bolster the market revenue in the future period.

Asia Pacific accounted for major share in the Animal Feed Equipment Market:
The animal feed equipment market report provides complete outlook around the region making special emphasis on the major regions such as Asia Pacific, Latin America, Europe, North America, Middle East and Africa. Among these regions, the Asia Pacific market got significant share and is anticipated to witness the highest market share during the forthcoming years. This region reportedly has the biggest livestock in the world. India and China mainly contribute to large livestock as compared to other economies.

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Competitive Analysis - Animal Feed Equipment Market:
Some of major key players operating in the animal feed equipment market are Andritz (Austria), Buhler (Switzerland), Pavan (Italy), Clextral (France) and Muyang (China).

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