The fish feed pellet making machine market is poised for significant growth, with an anticipated Compound Annual Growth Rate (CAGR) of 5.6% throughout the estimated time frame. By the end of 2033, this market is projected to reach a substantial valuation of US$ 2,167.9 million, compared to the expected US$ 1,257.2 million in 2023. The year 2022 is likely to conclude with a valuation of nearly US$ 1,190.5 million, and in 2023, it is anticipated to witness a year-on-year growth rate of 4.3%.
A fish feed pellet making machine is a specialized device designed for transforming powdered fish food into compact pellets. These machines find prominent use in the arsenal of commercial fish farmers, allowing them to create a consistent and nutritious diet for their aquatic stock. The pellets produced by fish feed pellet making machines are typically smaller in size compared to those generated by other types of machines, such as those used for livestock feed.
One significant driver of growth in this market is the emergence of organic farming. Organic fish production emphasizes the use of genetically unmodified organisms and chemical-free pesticides and products. It also prioritizes animal welfare by maintaining lower stocking density.
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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.
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.
Key Players Operating in the Industry:
- CPM Asia
- Andritz Group
- Buhler AG
- Salmco Ltd.
- Zhengchang Group
- LIMA Machinery
- Darin
- Jinan Baimai Haiyuan Extrusion Machinery
- Sunspring Machinery
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Market Segmentation:
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
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Author:
Ronak Shah (Associate Vice President at Future Market Insights) is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.
What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers’ shifting preferences.
She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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