Feed Processing Machinery Market Rising Demand for High-Quality Feed to Animals

According to Precision Business Insights (PBI), the latest report, the market value of the Feed Processing Machinery Market size was valued at USD 24.5 billion in 2023 and is anticipated to reach USD 34.8 billion by 2030, growing at a 9.8% CAGR from 2024 to 2030. The primary factors that drive the market are the growing poultry, swine feed, aquaculture feed, and others across the world, and increasing demand for innovative equipment for feed processing.

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THE FEED PROCESSING MACHINERY DETAILED SEGMENTATION:
Based on the functions, the market is segmented into the following
• Pelleting
• Mixing
• Grinding
• Extrusion

Based on the feed type, the market is segmented into the following
• Ruminant Feed
• Poultry Feed
• Swine Feed
• Aquaculture Feed
• Other

Based on the application, the market is segmented into the following
• Bakery & Confectionery
• Meat
• Poultry & Seafood
• Dairy
• Beverages
• Others

Grinding Machine to Dominate the Feed Processing Machinery Market:
Based on type, grinding machines hold the highest market share. Animal-based livestock is regaining the market, the rural areas to big firms require such machines for food processing, the increasing demand for livestock goods such as milk, meat, and eggs is predicted to accelerate the market growth, the emerging economics region, and extreme climatic condition places are depended on animal-based food products along with aquaculture has indignant the interest of aquafeed manufacturer across the world. Hence, this will drive the global market growth at a significant rate.

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Based on the region, the market is segmented into the following
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Asia Pacific Feed Processing Machinery Market:
Asia Pacific region is expected to grow significantly in the global Feed Processing Machinery Market size over the forecast period. It is attributed to the increasing number of livestock farmers who are dependent on animal-based economics and require innovative technology for their feed processing, results Asia Pacific has the largest market share across the world and is expected to dominate the market in the forecast years.

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STRATEGIC NEW PRODUCT LAUNCHES, MERGERS, ACQUISITIONS, AND AGREEMENTS ARE THE KEY STRATEGIES ADOPTED BY MARKET PLAYERS:
The Feed Processing Machinery Market further reveals that the key players are implementing strategies such as the extension of product collection through research and development activities, product launches, acquisitions, mergers, and strategic alliances to improve their market position and strengthen the market revenue share.

Key players' profiles in the Feed Processing Machinery Market report are ANDRITZ Feed and Biofuel A/S, B.K. Allied Industries, Bratney Companies, CFC Tech Services, Inc., Dinnissen BV, Elko Nagel Mecan-Systeme GmbH, Famsun, Henan Longchang Machinery Manufacturing Co., Ltd, HET Feed Machinery, Menci & C. S.P.A, Schenck Process Holding GmbH, Shanghai Zhengchang International Mechanical Engineering Co., Ltd., Statec Binder GmbH, and Tapco Inc.

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This release was published on openPR.