According to a recent FMI analysis, the animal feed processing equipment market is anticipated to reach a valuation of US$ 23.1 Billion in 2023. It is projected to grow at a CAGR of 4.2% during the forecast period from 2023 to 2033. The market is anticipated to reach a valuation of US$ 34.8 Billion by 2033.
Rising demand for high-quality feed and rapid industrialization of livestock production, especially in the aquaculture sector, are set to pave the way for equipment manufacturing companies to explore the animal feed processing equipment market. Development of highly advanced and automated machinery by key companies to cater to the surging demand from livestock farmers is also expected to boost the global animal feed processing equipment market in the next ten years.
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Apart from that, high demand for feed additives and compound feed, especially in emerging economies has created new growth opportunities for machinery manufacturers to provide a large number of advanced machinery and equipment. Also, ongoing expansion of feed-based industries across Asia Pacific is anticipated to foster the global animal feed processing equipment market in the evaluation period.
Key Takeaways from the Animal Feed Processing Equipment Market Study:
- The U.S. is currently dominating the animal feed processing equipment market with about 20% of share.
- The Europe animal feed processing equipment market is anticipated to grow at 7.5% CAGR between 2023 and 2033.
- The North America animal feed processing equipment market is expected to register a 5.13% CAGR between 2023 and 2033.
- The China animal feed processing equipment market is projected to grow at a CAGR of around 5.19% over the next ten years.
- The global animal feed processing equipment market exhibited steady growth at a CAGR of 3.1% during the historical period from 2017 to 2021.
“Increasing awareness among farmers regarding the benefits associated with feed processing machinery and rising costs of compound feed are anticipated to push the global animal feed processing equipment market. Besides, rising popularity of aquaculture is set to attract a great deal of attention among aquafeed companies operating across the globe,” says a lead analyst at Future Market Insights.
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Competitive Landscape: Animal Feed Processing Equipment Market
According to FMI, Van Aarsen, Statec Binder, Yemmak, and Zhengzhou Fusmar Machinery Co., Ltd. are identified as top players dominating in the animal feed processing equipment market.
North America currently holds the largest market share, and the region is expected to continue to expand during the projection period. However, Asia Pacific may emerge as the global leader considering favorable regulatory changes and high growth of the poultry feed industry.
Get Valuable Insights into Animal Feed Processing Equipment Market
FMI, in its new offering, provides an unbiased analysis of the feed processing equipment market presenting historical demand data (2017-2023) and forecast statistics for the period from (2023-2033). The study divulges compelling insights on the demand for feed processing equipment based on function (pelleting equipment, hammer mill, fine pulverizer, extruders, feed mixers), feed type (ruminant feed industry, poultry feed industry, swine feed industry, , other animal feed), by end user (domestic settings and small farms, livestock farms), automation grade ( automatic, semi-automatic, manual) across seven major regions.
Animal Feed Processing Equipment Market Outlook by Category
By Function:
- Pelleting Equipment
- Pellet Mills
- Pellet Coolers
- Pellet Conditioners
- Hammer Mill
- Fine Pulverizer
- Extruders
- Feed Mixers
By Feed Type:
- Ruminant Feed Industry
- Poultry Feed Industry
- Swine Feed Industry
- Other Animal Feed
By End-User:
- Major Livestock Farms
- Small Farms or Domestic Settings
By Automation Grade:
- Automatic
- Semi-Automatic
- Manual
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa(MEA)
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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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