What Has Been the Progress and Growth of the Feed Processing Equipment Market in Recent Years?
The feed processing equipment market has seen considerable growth due to a variety of factors.
• The market size of feed processing equipment has witnessed a robust increase in the previous years. Its growth is anticipated to escalate from $54.5 billion in 2024 to $57.23 billion in 2025, with a compound annual growth rate (CAGR) of 5.0%.
Factors such as rising demand for animal products, strict environmental guidelines, the globalization of the feed sector, and burgeoning markets have contributed to the growth during the historical period.
How Does the Forecast Look for the Feed Processing Equipment Market?
The feed processing equipment market is expected to maintain its strong growth trajectory in upcoming years.
• It is anticipated that the feed processing equipment market will witness consistent expansion in the coming years, with its value predicted to reach $68 billion in 2029, exhibiting a compound annual growth rate (CAGR) of 4.4%.
The projected growth during this period is likely due to factors such as population increase and urbanization, heightened awareness of health and nutrition, environmental sustainability, and government regulations. Foreseeable trends during this prediction period encompass technological progression, precision feeding, flexibility and adaptability, collaboration and partnerships, an escalated demand for alternative proteins, and customization and data analytics.
What Are The Leading Drivers Of Growth In The Feed Processing Equipment Market?
The escalating need for feed worldwide, essential to address the increasing livestock population, is projected to propel the growth of the feed processing equipment market. The expansion in livestock population necessitates more feed, likely stimulating the demand for feed processing facilities. As an illustration, per the United States Department of Agriculture, a governmental agency from the US, they projected an elevation in U.S. feed grain production for 2023-24 at 402 million metric tons, a considerable increase from 358 million metric tons in 2022-23.
How Are The Segments Defined Within The Global Feed Processing Equipment Market?
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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How Are New Trends Impacting The Size Of The Feed Processing Equipment Market?
Plant producers are introducing innovative technology designed to enhance operations, boost productivity, and incorporate additional tools to gain a competitive edge over other machinery. For example, in March 2023, Betagro PCL, an animal food manufacturing company based in Thailand, unveiled the Betagro Feed Mill. This cutting-edge facility utilizes Internet of Things (IoT) technology and automation to improve feed production. With the ability to produce over 600,000 tons annually, it augments Betagro's overall feed production capacity by 18%, catering to the swine, laying hen, and broiler markets. The mill offers advanced technology, efficient delivery logistics systems, and adherence to ESG principles, such as the utilization of clean energy.
Who Are the Key Players In The Feed Processing Equipment Market?
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
What Is The Most Dominant 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
