Global Feed Processing Equipment Market Trends And Strategies Of Major Players In The Feed Processing Equipment Market 2021-2030
2 Sep, 2021
The feed processing equipment market consists of sales of feed processing equipment by entities (organizations, sole traders, or partnerships) that are engaged in manufacturing feed processing equipment such as feed expanders, feed conditioners, pellet feed coolers, etc. Only goods and services traded between entities or sold to end consumers are included.
Global Feed Processing Equipment Market Size And Drivers:
The global feed processing equipment market is expected to grow from $47.77 billion in 2020 to $52.3 billion in 2021 at a compound annual growth rate (CAGR) of 9.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $70.06 billion in 2025 at a CAGR of 7.6%. 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.
Request For A Sample For The Global Feed Processing Equipment Market Report:
Trends In The Global Feed Processing Equipment Market
Plant manufacturers are launching revolutionary technology intending to improve the operation, increase efficiency, and setting up other equipment to offer an advantage over other machines. In June 2018, Van Aarsen launched a Continuous Pellet Coater (CPC) machine with new feed pellet coating technology, the latest development in coating technology that adds fats and soluble additives such as enzymes and probiotics or vitamins to animal feed pellets. It is concerned with accurate monitoring of the retention time within the mixer which ensures optimized communication between pellets. Moreover, in June 2020, Imas, a supplier of milling technology, has developed a new type of feed mill with a compact design for the feed industry with a capacity of 2 to 3 tons per hour.
Global Feed Processing Equipment Market Segments:
The global feed processing equipment market is further segmented –
By Function: Pelleting, Mixing, Grinding, Extrusion
By Feed Type: Ruminant Feed, Poultry Feed, Swine Feed, Aquaculture Feed, Other Animal Feed
By Application: Poultry, Pig, Ruminant, Aqua, Others
By Geography: The global feed processing equipment market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Read More On The Report For The Global Feed Processing Equipment Market At:https://www.thebusinessresearchcompany.com/report/feed-processing-equipment-global-market-report
Feed Processing Equipment Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides feed processing equipment market overviews, analyzes and forecasts market size and growth for the global feed processing equipment market, feed processing equipment market share, feed processing equipment market players, feed processing equipment market segments and geographies, feed processing equipment market’s leading competitors’ revenues, profiles and market shares. The feed processing equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.