Market Size –
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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Scope Of Feed Processing Equipment Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Feed Processing Equipment Market Overview
Market Drivers –
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.
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
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Regional Insights –
The 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
Key Companies –
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
Table of Contents
1. Executive Summary
2. Feed Processing Equipment Market Report Structure
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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