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Global Feed Processing Equipment Market Outlook - Market Size, Share Analysis And Growth Rate
Feed Processing Equipment Market
The Business Research Company's Feed Processing Equipment Global Market Report 2023 identifies growing demand for feed as the major driver for the Feed Processing Equipment market's growth in the forecast period.The rise in livestock population led to an increase in the requirement for feed which in turn is likely to fuel the demand for feed processing equipment. For instance, in October 2022, according to AFIA, a US-based feed industry association, under normal production conditions, DIS calculated the baseline consumption at the start of 2020 at 252.6 million tons (excluding forages and roughages), with an estimated value of $66.7 billion. By 2025.
The feed processing equipment market size has grown strongly in recent years. It will grow from $52.79 billion in 2023 to $55.49 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%.The feed processing equipment market size is expected to see steady growth in the next few years. It will grow to $66.72 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%.
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Major competitors in the Feed Processing Equipment market are Buhler AG, Clextral, Dinnissen BV, Andritz AG, Bratney Companies, Longchang Machinery, HET Feed Machinery, B.K. Allied Industries, SKIOLD, ZhengChang,.
A key trend in the Feed Processing Equipment market includes major companies operating in the feed processing equipment. For instance, in April 2022, CPM Holdings Inc., a US-based feed processing equipment company, launched Twin Track technology to enhance wood pellet mill efficiency. Twin Track utilizes a patented system with two rollers, each having its own track, to achieve greater energy efficiency by propelling pellets with a single push-per-die revolution. This results in reduced energy consumption and increased pellet production capacity compared to traditional machines. The technology also features a die with 43% more holes, leading to a larger product layer and improved pellet volume.
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The Feed Processing Equipment market is segmented -
By Function: Pelleting, Mixing, Grinding, Extrusion
By Feed Type: Ruminant Feed, Poultry Feed, Swine Feed, Aquaculture Feed, Other Animal Feed
By Application: Poultry, Pig, Ruminant, Aqua, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Feed Processing Equipment market.
The Business Research Company's "Global Feed Processing Equipment Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Feed Processing Equipment Market Include:
1. Executive Summary
2. Feed Processing Equipment Market Characteristics
3. Feed Processing Equipment Market Trends And Strategies
4. Feed Processing Equipment Market - Macro Economic Scenario
5. Global Feed Processing Equipment Market Size and Growth
….……..
31.Global Feed Processing Equipment Market Competitive Benchmarking
32. Global Feed Processing Equipment Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Feed Processing Equipment Market
34. Feed Processing Equipment Market Future Outlook and Potential Analysis
35. Appendix
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