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Feed Processing Equipment Market Outlook 2024: Exclusive Report By The Business Research Company
Feed Processing Equipment Market
The Business Research Company offers in-depth market insights through Feed Processing Equipment Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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 growth in the historic period can be attributed to increasing demand for animal products, environmental regulations, globalization of the feed industry, emerging markets.
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%. The growth in the forecast period can be attributed to population growth and urbanization, health and nutrition awareness, environmental sustainability, government regulations. Major trends in the forecast period include technological advancements, precision feeding, flexibility and adaptability, collaboration and partnerships, increasing demand for alternative proteins, customization and data analytics.
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Market Segmentation:
The main functions of feed processing equipment are pelleting, mixing, grinding, and extrusion. Extrusion refers to the process of forming something by forcing or pushing it out, mainly through a small opening. The feed types are ruminant feed, poultry feed, swine feed, aquaculture feed, and other feed types. The various applications involved are poultry, pig, ruminant, aqua, and other applications.
Major Driver - Rising Livestock Population And Growing Feed Demand To Drive Market Growth
The growing demand for feed across the globe to meet the needs of the rising livestock population is expected to drive the feed processing equipment market. 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 amount of animal food consumed could rise by 2.5% to 254.6 million tons, or about $48.8 billion.
Competitive Landscape:
Major companies operating in the feed processing equipment market include Buhler AG, Clextral, Dinnissen BV, Andritz AG, Bratney Companies, Longchang Machinery, HET Feed Machinery, B.K. Allied Industries, SKIOLD, ZhengChang, Menci, Muyang, Elko Nagel Mecan-Systeme, Tapco, GEA Group AG, Marel hf., Krones AG, Bucher Industries AG, SPX Flow Inc., Wenger Manufacturing Inc., Amandus Kahl GmbH & Co. KG, CPM Holdings Inc., Famsun Co. Ltd., Zhengchang Group, Dinnissen BV, Bratney Companies, Ottevanger Milling Engineers, Van Aarsen International BV, Triott Group BV, Wynveen International BV, Buschhoff GmbH & Co. KG, Stolz SA, B&P Littleford LLC, Hosokawa Micron Group
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Top Trend - Innovative Feed Mill Technologies Reshaping The Feed Processing Equipment Market
Plant manufacturers are launching revolutionary technology intending to improve the operation, increase efficiency, and set up other equipment to offer an advantage over other machines. For instance, in March 2023, Betagro PCL, a Thailand-based animal food manufacturing company, launched Betagro Feed Mill. It incorporates IoT technology and automation to optimize feed production. With a production capacity of over 600,000 tons annually, it increases Betagro's total feed production capacity by 18%, serving the swine, laying hen, and broiler markets. The mill boasts advanced technology, logistics systems for efficient delivery, and a commitment to ESG principles, including clean energy use.
The Table Of Content For The Market Report 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. Feed Processing Equipment Market Size And Growth
…..
27. Feed Processing Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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