Press release
Global Feed Processing Equipment Market Recent Development And Future Growth Forecast To 2033
Feed Processing Equipment Market
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.
Market Overview -
Feed processing equipment is a machine that produces animal feed by processing the raw material. They are used to produce animal feed.
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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
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.
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Key Segments -
The feed processing equipment market covered in this report is segmented -
1) By Function: Pelleting, Mixing, Grinding, Extrusion
2) By Feed Type: Ruminant Feed, Poultry Feed, Swine Feed, Aquaculture Feed, Other Animal Feed
3) By Application: Poultry, Pig, Ruminant, Aqua, Other Applications
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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