The market for fish feed pellet making machines is anticipated to cross a valuation of US$ 2,167.9 million in 2033, growing at a CAGR of approximately 5.6% between 2023 and 2033. The market is anticipated to reach US$ 1,257.2 million in 2023.
As per FMI, increasing export of fish and other seafood products from various countries across the globe is likely to drive sales in the market. In emerging economies, international companies are expected to enter for capturing the overall industry.
Moreover, increasing demand for organic farming owing to rising awareness regarding the importance of sustainability, as well as animal welfare is set to augment sales. Thus, fish farmers are practicing organic farming methods to provide chemical free and genetically modified products.
Rising inclination of consumers towards organic food items is projected to compel key manufacturers to expand their production capacity of organic feed. Changing eating habits and lifestyles of consumers in both developed and developing countries are the other factors that would accelerate sales in the market.
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Key Takeaways from the Fish Feed Pellet Making Machine Market Study:
- Top 3 countries in the global fish feed pellet making machine market are projected to generate a share of 8% in the next ten years.
- The global fish feed pellet making machine market is estimated to be valued at US$ 1,190.5 million by the end of 2022 from a valuation of US$ 1,006.0 million in 2018.
- The USA fish feed pellet making machine market is anticipated to generate the lion’s share of nearly 8% by 2033.
- Germany fish feed pellet making machine market is predicted to account for a considerable share of about 3% in Europe during the estimated time frame.
- In Asia Pacific, India is likely to witness moderate growth and exhibit a CAGR of 3% from 2023 to 2033.
“Key companies in the fish feed pellet making machine market are anticipated to invest huge sums in the manufacturing of dry pelleted fish feed. This type of feed is projected to be extensively used for improving digestibility and balance of nutrients for matching specific needs of various fish species,” says a lead analyst at Future Market Insights.
Competition Landscape: Fish Feed Pellet Making Machine Market
Leading players in the fish feed pellet making machine market are CPM Asia, Andritz Group, Buhler AG, Salmco Ltd., and Zhengchang Group among others. These companies are aiming to strengthen their positions in the global market by launching state-of-the-art equipment. A few other players are striving to generate more shares by joining hands with local companies across the globe.
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Get Valuable Insights into Fish Feed Pellet Making Machine Market
FMI, in its new offering, provides an unbiased analysis of the fish feed pellet making machine market presenting historical demand data (2018 to 2022) and forecast statistics for the period from (2023 to 2033). The study divulges compelling insights on the demand for fish feed pellet making machine market based on type (ring die pellet mill, flat die pellet mill), by application (small-scale aquaculture, large-scale aquaculture, others), by sales channel (online, offline), and by region (North America, Europe, Asia Pacific, Latin America, the Middle East and Africa).
Fish Feed Pellet Making Machine Market Outlook by Category
By Type:
- Ring Die Pellet Mill
- Flat Die Pellet Mill
By Application:
- Small-Scale Aquaculture
- Large-Scale Aquaculture
- Others
By Sales Channel:
- Online
- Offline
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
- RoW
About Us:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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