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Rising Livestock Population And Growing Feed Demand To Drive Market Growth: Major Factor in the Transformation of the Feed Processing Equipment Market in 2025
How Will the Feed Processing Equipment Market Grow, and What Is the Projected Market Size?There has been a considerable expansion in the feed processing equipment market over the past few years. The market, which stood at $54.5 billion in 2024, is projected to rise to $57.23 billion in 2025, implying a compound annual growth rate (CAGR) of 5.0%. The market's growth during the historic phase is due to a surge in demand for animal products, environmental norms, the feed industry's globalization, and the emergence of new markets.
The market size for feed processing equipment is anticipated to experience consistent growth in the upcoming years. It is projected to reach $68 billion in 2029, growing at a compound annual growth rate (CAGR) of 4.4%. Factors such as growth of population and urbanization, awareness towards health and nutrition, environmental sustainability, and government regulations are the driving forces behind the growth during the forecast period. Key trends during this period cover aspects such as technological innovations, precision feeding, capabilities of flexibility and adaptability, alliances and collaborations, a rise in demand for alternative proteins, as well as customization and data analytics.
What Key Elements Are Boosting Growth in the Feed Processing Equipment Market?
The escalating requirement for feed on a global scale to cater to the growing livestock population is predicted to boost the feed processing equipment market. The surge in the livestock population has necessitated a hike in feed demand, which is set to potentially stimulate the market for feed processing equipment. For example, the United States Department of Agriculture, a government agency in the US forecasted in May 2023, that U.S. feed grain production for the 2023-24 period is expected to reach 402 million metric tons, a rise from 358 million metric tons recorded in 2022-23.
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Who Are the Major Industry Players Fueling Feed Processing Equipment Market Expansion?
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
Which Key Developments Are Influencing the Feed Processing Equipment Market?
Plant producers are introducing innovative technologies with the goal of enhancing operations, boosting efficiency, and equipping other devices to provide a competitive edge over alternative machinery. For example, Betagro PCL, an animal feed company based in Thailand, unveiled the Betagro Feed Mill in March 2023. This setup leverages IoT technology and automation to bolster feed manufacturing. Capable of producing over 600,000 tons per year, it augments Betagro's total feed production ability by 18%, catering to the swine, laying hen, and broiler markets. The mill prides itself on its state-of-the-art technology, efficient delivery logistics systems, and devotion to ESG principles, such as the utilization of sustainable energy.
How Is the Segmentation of the Feed Processing Equipment Market Defined?
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
Subsegments:
1) By Pelleting: Pellet Mills, Pellet Cooling And Drying Equipment, Pellet Crumblers
2) By Mixing: Horizontal Mixers, Vertical Mixers, Paddle Mixers, Ribbon Mixers
3) By Grinding: Hammer Mills, Roller Mills, Fine Grinders
4) By Extrusion: Single-Screw Extruders, Twin-Screw Extruders, Extruder Cutters
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What Is the Leading Region in the Feed Processing Equipment Market?
Asia-Pacific was the largest region in the feed processing equipment market in 2023. North America was the second largest region in the feed processing equipment market. The regions covered in the feed processing equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Is Covered In The Feed Processing Equipment Global Market Report?
- Market Size Analysis: Analyze the Feed Processing Equipment Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Feed Processing Equipment Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Feed Processing Equipment Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Feed Processing Equipment Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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