Global Feed Premix Market

The aquafeed market consists of sales of aquafeed by entities (organizations, sole traders, and partnerships) that refer to the feed for aquatic organisms as part of aquaculture. Aquatic feed is a complex mixture of ingredients designed to fulfill the nutritional requirements. The growth, health and reproduction of fish and other aquatic animals are primarily dependent upon an adequate supply of nutrient, both in terms of quantity and quality, irrespective of the culture system in which they are grown. The main types of aquafeed includes vitamins, antioxidants, amino acids, enzymes, acidifiers, and binders in dry, wet and moist form. These products are distributed through direct sales, indirect sales, hypermarket/supermarket, wholesalers, online, others. The global aquafeed market size is expected to grow from $75.55 billion in 2021 to $82.2 billion in 2022 at a compound annual growth rate (CAGR) of 8.8%. The global aquafeed market size is expected to grow to $110.09 billion in 2026 at a CAGR of 7.6%. Increasing seafood consumption is expected to propel the growth of the aquafeed market. Aquaculture production plays an increasing role in satisfying the demand for human consumption of fishery products. According to the study published by Organisation for Economic Co-operation Development (OECD) and the Food and Agriculture Organization (FAO), human consumption of fish is expected to increase by 180 Mt by 2029. The increase in demand for seafood or fishery products is expected to boost demand for high-quality aquafeed to maintain the quality of the products to the customers. Therefore, increasing seafood consumption is driving the growth of the aquafeed market. Technological advancement is a key trend gaining popularity in the aquafeed market. The companies operating in the aquafeed market are focusing on developing innovative products with better nutrition and improved feed conversion. For instance, in February 2019, Aller Aqua, a Denmark-based manufacturer of aquafeed, developed new feed technology PowerRAS to meet the requirement RAS feed in terms of feed efficiency, fish growth and water quality. In March 2021, BioMar, a Denmark-based producer of fish feed products has acquired the majority of shares in Viet-Uc for an undisclosed amount. Through this acquisition, BioMar is expected to grow the market for high-end feed products focusing on sustainability, traceability, quality, and performance. Also, BioMar is expected to expand its aquafeed business in Vietnam which is the world’s one of the leading shrimp-producing countries with a production of close to 500,000 tons of shrimp. Viet-Uc is a Vietnam-based aquafeed company that specializes in the hatchery, nurturing, and incubating shrimp through several phases. Major players in the aquafeed market are Cargill Incorporated, Archer Daniels Midland Company, Alltech Inc, Purina Animal Nutrition, Ridley Corp Ltd, Nutreco N.V, Aller Aqua A/S, Biomar A/S, Beneo GmbH, Biomin GmbH, Coppens International B.V, Nutriad, De Heus, Biostadt India Limited, Dibaq Aquaculture, Evonik Industries, SONAC, Marubeni Nisshin Feed Co., Ltd, Japfa Comfeed, Cpf Plc, Growel Feeds, and Sonac. Asia-Pacific was the largest region in the aquafeeds market in 2021. North America is expected to have the highest CAGR in the global aquafeeds market. The regions covered in the global aquafeeds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the aquafeed market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global aquafeed market is segmented - 1) By Additive: Vitamins, Antioxidants, Amino Acids, Enzymes, Acidifiers, Binders 2) By Form: Dry Form, Wet Form, Moist Form 3) By Distribution Channel: Direct Sales, Indirect Sales, Hypermarket/Supermarket, Wholesalers, Online, Others

The probiotics market consists of sales of probiotic products by entities (organizations, sole traders, and partnerships) that are used to provide health benefits when consumed or administered in an adequate amount to the host body. Probiotics are live microorganisms that help to treat or prevent a disease when given in sufficient concentrations. These are available in many different forms, each with its own set of advantages. The most widely studied benefits of probiotics are promoting a healthy digestive tract and immune system. The main forms of probiotics market are liquid and dry. Probiotics are produced in liquid forms such as probiotic liquid supplements, yogurt drinks, and fermented beverages like kefir and kombucha. The different ingredients include bacteria, and yeast, and are applied in functional food and beverages, dietary supplements, and animal feeds. These are used by human, and animals, and is sold through multiple distribution channels including hypermarket or supermarket, pharmacies or health stores, convenience stores, online retail, and others. The global probiotics market size is expected to grow from $60.89 billion in 2021 to $66.67 billion in 2022 at a compound annual growth rate (CAGR) of 9.5%. The global probiotic market size is expected to grow to $90.43 billion in 2026 at a CAGR of 7.9%. The increasing tendency of customers towards healthy foods and nutrient-rich dietary supplements is expected to foster the probiotics market growth going forward. Self-care has evolved into a necessary component of the modern consumer's lifestyle. Furthermore, the growing emphasis on holistic health and immunity has resulted in some substantial dietary modifications among consumers. The use of vitamins, minerals, immunity-boosting meals, organic products, supplements, and other nutritional supplements has increased significantly. Probiotics are used as a supplement form in food and beverages and provide health benefits to the human digestive system. For instance, according to a survey conducted by Habit Health and Nutrition, an India-based nutrition tech company in 2021, Indians want to make eating healthy a priority in order to improve their physical and mental health. Over 70% of those surveyed said they'll prioritize dietary adjustments to improve their overall health and immunity, as well as reduce stress and anxiety. Therefore, the increasing tendency of customers towards healthy foods drives the growth of the probiotics market. Technological advancements have a key trend gaining popularity in the probiotic market. Major companies operating in the probiotics sector are focused on developing new technological solutions to improve the quality and life cycle of probiotic products. For instance, in April 2021, Cosmax NBT, a South Korea-based probiotics company launched Zeta probiotics technology which will help to preserve freeze-dried probiotics. Zeta Probiotics technology is a uniquely engineered freeze-drying technique that restores the cell walls and surface charges of probiotics. Freeze-drying probiotics, which can be used to change delivery formats, can harm goods and make them less effective in human digestion. To revive freeze-dried probiotics, Zeta probiotics technology uses a lysine-based combination. This increases their survivability in vitro under simulated gastric and duodenal stress. In January 2021, Novozymes, a Denmark-based biological solutions company acquired Microbiome Labs for a deal amount of $125 million. Novozymes will be able to expand its product portfolio and position itself in the probiotics market as a result of this acquisition. Microbiome Labs is a US-based company that offers probiotic and microbiome solutions. Major players in the probiotics market are Danone, Yakult Honsha Co. Ltd., Nestlé, Danisco, Chr Hansen Holding A/S, Probi AB, BioGaia, Kerry, Lifeway Foods, Lallemand Inc., PepsiCo Inc., Arla Foods Inc., Deerland Probiotics & Enzymes Inc., Evolve BioSystems, Protexin, Mother Dairy, General Mills Inc., i-Health Inc., Archer Daniels Midland Co., Cell Biotech Co. Ltd., Probiotical S.p.A., and Bright Diary. Asia-Pacific was the largest region in the probiotics market in 2021. The regions covered in the global probiotics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the global probiotics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global probiotics market is segmented - 1) By Form: Liquid, Dry 2) By Ingredient: Bacteria, Yeast 3) By Application: Food and Beverages, Dietary Supplements, Animal Feed 4) By End-User: Human, Animal 5) By Distribution Channel: Hypermarkets or Supermarkets, Pharmacies or Health Stores, Convenience Stores, Online Retail, Others

The medical feed additives market consists of sales of medical feed additives and related services to prepare complete food for animals. Medical feed additives help improve the nutritional content and quality of feed, results in better productivity, and prevent animals from diseases. The medical feed additives industry includes companies that produce animal feed additives such as vitamins and probiotics, preservatives, antioxidants, digestibility enhancers, gut flora stabilizers, and others. The main types of medical feed additives are antioxidants, antibiotics, probiotics and prebiotics, enzymes, amino acids. The antioxidants refer to the feed additives that are fed to the animals for nutrition. The different mixtures include supplements, concentrates, premix feeds, base mixes. The various classes include typing a type b, type c. These are used by the different livestock such as ruminants, poultry, swine, aquaculture. The global medical feed additives market size is expected to grow from $13 billion in 2021 to $14.48 billion in 2022 at a compound annual growth rate (CAGR) of 11.4%. The global medical feed additive market size is expected to grow to $20.86 billion in 2026 at a CAGR of 9.6%. An increase in the prevalence of diseases among animals is driving the growth of the medicated feed additives market According to the estimates from a report by the Animal and Plant Health Agency, a total of 3289 new TB herd incidents were detected in England. A new herd incident is a case of bovine TB that occurs as a result of a herd or individual animal test performed in an officially TB-free (OTF) herd during the study period. Bovine tuberculosis is a chronic disease that usually affects animals such as cattle, but it can affect all mammals causing illness, coughing, and eventual death. Moreover, according to the reports, the herd incidence rate in England for the 12 months to end September 2020 was 9.4. The additives help prevent animals from diseases alongside increasing the nutrition level of the feed thereby increasing demand for feed additives. The overuse and inappropriate use of antibiotics in medical feed additives impact the health of individuals consuming animal meat or other related products. Moreover, the health of the animal consuming the feed may also be adversely affected by the antibiotics added to the feed as the excess additive reduces the natural immunity of the animal and increases the susceptibility of the livestock to infections. For instance, in July 2020, the Ministry of Agriculture and Rural Affairs in China, under Announcement No. 194 banned the production of commercial feed with medicated feed additives (excluding traditional Chinese medicine) for growth-promoting purposes The negative effects of additives on human health caused due to overuse of feed additives in animals will restrain the growth of the market. Companies in the medical feed additives market are introducing new feed medicated additives formed as a result of a combination of two or more medicated feed additives. More than 70% of manufacturers are now using more than one feed additive in animal feed to increase the efficiency of the product. For instance, Zoetis, a global health company got the approval for its Cyden and Lincomix combination feed additive from the FDA (Food and Drug Administration) and is proposed to be used as a medicated feed additive for poultry. Also, the FDA-approved combination of Zoetis’ feed additives ACTOGAIN 45 (ractopamine hydrochloride) and ENGINE (ractopamine hydrochloride) makes more lean muscle and less fat while optimizing feed efficiency. The medical feed additives market is regulated by government agencies that lay down regulations to be followed by all the manufacturers of veterinary medicines. For instance, the Veterinary Medicines Regulations (VMR) 2013 makes provision for the authorization, manufacturing, and classification of veterinary products including medicated feed additives. The Schedule 5 under EU guidelines covers medicated feeding stuff and specified feed additives which specify guidance to both manufacturers and suppliers of veterinary medicines for incorporating it into animal feed as well as to veterinary surgeons, animal keepers, and other members involved in the use of veterinary medicines and SFAs(Specified Feed Additives)in animal feeding stuff. In February 2019, Archer Daniels Midland Company (ADM), an American global food processing and commodities trading company acquired Neovia for $1.74 billion (€1.544 billion). This acquisition helps ADM to become a global leader in animal nutrition products and services with Neovia adding a wide range of products to the former company’s portfolio including pet care, additives, aquaculture, and livestock feed which would, in turn, boost the growth of the company. Neovia is headquartered in France was established in 1954 and manufactures and distributes various biologically degradable disinfectants along with feed additives for plants and animals. Major players in the medical feed additives market are Zoetis Inc., Cargill, Incorporated, CHS Inc., Purina Animal Nutrition, Archer Daniels Midland Company, Adisseo France Sas, Alltech Inc., Hipro Animal Nutrition, BASF SE, Biostadt India Limited. North America was the largest region in the medical feed additives market in 2021. Asia-Pacific was the second-largest region in the global medical feed market. The regions covered in the global medical feed additives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the medical feed additives market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, and USA. The global medical feed additives market is segmented - 1) By Type: Antioxidants, Antibiotics, Probiotics and Prebiotics, Enzymes, Amino Acids 2) By Livestock: Ruminants, Poultry, Swine, Aquaculture 3) By Mixture Type: Supplements, Concentrates, Premix Feeds, Base Mixes 4) By Class Type: Type A, Type B, Type C

The nutritional feed additives market consists of sales of nutritional feed additives which are used to improve animals’ nutrition. Nutrition feed additives are an important portion of nutrition that enhances the yield and quality of food. Nutrition feed additives improve the overall gut health, digestion process, and appetite. This market includes companies that produce nutritional feed additives such as enzymes, antioxidants, acidifiers, probiotics, prebiotics, and others. The main additive types of nutritional feed additives are antibiotics, vitamins, antioxidants, amino acids, enzymes, mycotoxin detoxifiers, prebiotics, probiotics, flavors and sweeteners, pigments, binders, and minerals. Antibiotics are medications that aid in the treatment of bacterial illnesses. They accomplish this by either killing the bacteria or preventing them from replicating or reproducing. The nutritional feed additives are available in various forms such as dry, liquid, and other forms that are used on ruminants, poultry, swine, and aquatic livestock. The additives are distributed through direct, indirect, hypermarket/supermarket, specialty stores, and online retail channels. The global nutritional feed additives market size is expected to grow from $6.11 billion in 2021 to $6.75 billion in 2022 at a compound annual growth rate (CAGR) of 10.4%. The global nutritional feed additive market size is expected to grow to $9.39 billion in 2026 at a CAGR of 8.6%. The rise in consumption of meat products is one of the driving factors for the nutrition feed additives market. Due to high meat consumption, the concern for high-quality meat is also increasing. Thus, to deliver high-quality meat, add-on nutrition feed additives are fed to the animals so that they have good digestion to build on more muscle and weight. This increases the yield and productivity and hence, the demand for nutritional feed additives. Currently, meat and poultry consumption in the US is more than 100 billion pounds every year. The stringent regulations act as one of the major restraining factors for the nutrition feed additives market. There are many mandatory documents, required to be approved before approving the nutritional feed which delays the approval process. Therefore, the product launch and expansion of companies in new regional markets will be delayed. For instance, China's AQSIQ (Administration for Quality Supervision and Inspection and Quarantine) issued 2 reports for the nutrition feed additive companies to get their product registered and approved by the concerned Chinese authority before selling it in the China market. The report also made it compulsory for all the exporters to have a license to sell their nutrition feed additive products in the Chinese market which delays the nutritional feed additives from reaching the stores. Feed additives manufacturers are investing in the R&D of organic feed additives as there is a growing demand for organic and natural feed products in the nutritional feed additives market. When compared to synthetic nutrition feed additives, organic feed additives have fewer side effects and also improve yield. Therefore, poultry farmers are switching to herbal nutrition feed additives. For instance, Agpulse Organics has come up with its herbal animal feed additive 'Govahnika-Biosheera' which is fed to cattle to increase milk productivity while maintaining the health of cattle and quality of milk. In September 2020, Adisseo acquired Framelco G for an undisclosed amount. With this acquisition, the company will enhance the growth of specialties to become the world leader in the field of specialty feed ingredients in animal nutrition. Framelco G is a family-owned multinational company that develops and manufactures feed additives and drinking water solutions for livestock production. Major players in the nutritional feed additives market are BASF SE, Cargill, Archer Daniels Midland Company, Evonik Industries AG, Nutreco N.V., Kemin Industries Inc., Adisseo, Alltech, Phibro Animal Health Corporation., and DowDuPont. North America was the largest region in the nutritional feed additives market in 2021. Asia-Pacific was the second-largest region in the nutritional feed market. The regions covered in the global nutritional feed additive market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the nutritional feed additives market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global nutritional feed additives market is segmented - 1) By Distribution Channel: Direct, Indirect, Hypermarket/Supermarket, Specialty Stores, Online Retail 2) By Livestock: Ruminants, Poultry, Swine, Aquatic 3) By Additive Type: Antibiotics, Vitamins, Antioxidants, Amino Acids, Enzymes, Mycotoxin Detoxifiers, Prebiotics, Probiotics, Flavors and Sweeteners, Pigments, Binders, Minerals 4) By Form: Dry, Liquid, Others

The cattle feed market consists of sales of cattle feed by entities (organizations, sole traders, or partnerships) that refer to a mixture of various concentrate feed ingredients in a certain proportion given to domestic animals, especially those in the livestock. Cattle feed can consist of grains, brans, hay, silage, supplement, mineral salt, vitamins and others given for the growth, maintenance and milk production of animals. The main cattle feed ingredients include cereals, cakes and mixes, food wastages and feed additives. Cereals are a rich source of energy and starch in cattle diets, containing 8-12% of crude protein. The commonly used cereals in the feed are maize, barley, oats, wheat, rice. The different cattle types include beef cattle, dairy cattle and calves. The cattle feed are sold through distribution channels including online and offline. The global cattle feed market size is expected to grow from $62.46 billion in 2021 to $64.46 billion in 2022 at a compound annual growth rate (CAGR) of 3.21%. The growth in the market 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 global cattle feed market size is expected to reach $73.19 billion in 2026 at a CAGR of 3.22%. An increase in government subsidies for cattle is significantly contributing to the growth of the cattle feed market. Governments all over the world had increased subsidies for cattle raring because of the growing importance of cattle meat and products like milk, eggs. These government subsidies allow farmers to obtain better quality of cattle feed for their animals and offer better nutrition and care. For instance, in 2022, the government of India launched the scheme National Livestock Mission (NLM) to develop the animal husbandry sector. The scheme offers loans and subsidies including up to 50% subsidy, loan facility to livestock farmers, SHGs, FPOs and companies. Therefore, an increase in government subsidies for cattle drives the cattle feed market. Technological advancements is a key trend gaining popularity in the cattle feed market. Companies are focusing on devising methods and platforms for enhancing feed quality and performance. For instance, in 2021, US based Cnossen Dairy partnered with US based farming technology company, Grov Technologies to build a controlled environment feed center to grow fresh feed throughout the year for cattle and livestock, using lesser resources and energy than conventional methods. The new center would leverage machine learning growing protocols to consistently produce high-density nutrient feed (HDN). The new facility would offer cows with a highly nutritious consistent feed year-round and also reduce the impact of droughts and changing change along with delivering more sustainably produced products to consumers. In December 2021, Dutch Animal Feed Cooperatives, ABZ Diervoeding and De Samenwerking announced a merger to form ABZ De Samen. Through this merger, ABZ De Samen expects to extended its reach and footprint across different geographies using the combined scale and capabilities of both companies. Major players in the cattle feed market are Archer Daniel Midland Company, BASF Se, Cargill, Inc., Kemin Industries, Land O' Lakes Inc., Nutreco, Land O'Lakes, Inc., Godrej Agrovet Limited, Farmer's Grain Company, Biomin Holding GmbH, United Farmers Cooperative, DE HEUS. ALL, Charoen Pokphand Group, New Hope Group and Kent Corporation. Asia Pacific was the largest region in the cattle feed market in 2021. North America is expected to be the fastest-growing region in the global cattle feed market during the forecast period. The regions covered in the global cattle feed market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the cattle feed market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global cattle feed market is segmented - 1) By Ingredient: Cereals, Cakes and Mixes, Food Wastages, Feed Additives 2) By Cattle Type: Beef Cattle, Dairy Cattle, Calves 3) By Distribution Channel: Offline, Online

The poultry brooders, feeders, and waterers market consist of sales of poultry brooders, feeders, and waterers by entities (organizations, sole traders, or partnerships) that are engaged in manufacturing poultry farm equipment such as brooders, feeders, and waterers which are used for brooding eggs, feeding birds and providing water to the birds. Only goods and services traded between entities or sold to end consumers are included. The main product types of poultry are brooders, feeders, and waterers. Brooders are devices or structures for the rearing of young chickens or any other birds. The operations are automatic, manual, and semi-automatic. The poultry is chicken, turkey, duck, and other poultry. The global poultry brooders, feeders, and waterers market size is expected to grow from $32 billion in 2021 to $34.03 billion in 2022 at a compound annual growth rate (CAGR) of 6.3%. The global poultry brooders, feeders, waterers market size is expected to grow to $51.94 billion in 2026 at a CAGR of 11.1%. Increasing consumption of poultry products is expected to drive the growth of the poultry brooders, feeders, and waterers market. The rise in poultry consumption is connected with four key factors such as explicit growth, improvements in income, chicken price relative to those for competitive meats, and dietary preferences. According to the Organisation for Economic Co-operation and Development (OECD) statistics, global poultry meat consumption is expected to increase from 14.74 kilograms per capita in 2019 to 15.10 kilograms per capita by the end of 2029. Moreover, according to Poultry World, the global poultry market increased by 6% to reach $231.5 billion in 2019 with China (20 million tons), the USA (19 million tons), and Brazil (12 million tons) accounting for 40% of the global volumes in the same year. Thus, the rising consumption of poultry products is indicating the need for high-quality poultry meat which in turn boosts the market for poultry brooders, feeders, and waterers market. The shift in preferences of individuals away from non-vegetarian food is expected to limit the growth of poultry brooders, feeders, and waterers markets. One of the major factors for the decrease in poultry food preferences is animal cruelty towards poultry animals. As indicated in the Ethical Treatment of Animals (PETA), chickens are possibly the most abused animals on the planet. In the USA, approximately 305 million hens are used for their eggs and 9 billion chickens are slaughtered annually for their flesh. Genetic selection and a steady dose of growth-promoting drugs are used to ensure large, fast-growing birds increase the demand and decrease production costs. This increasing awareness about animal cruelty against poultry animals is driving away from people from consuming poultry meat thus causing a decline in the poultry brooders, feeders, and waterers market. The integration of IoT-based devices with equipment is increasingly being used in the poultry brooders, feeders, and waterers market. IoT solutions will help farmers to settle on better choices regarding feed change and disease control and also monitor key performance indicators that improve production. In September 2020, BinSentry, a provider of Internet of Things (IoT) solutions introduced the IoT-enabled solution that allows livestock producers and feeds meals to monitor on-farm inventory. In addition to this, in February 2019, Roxell, a Malaysia-based company engaged in the manufacturing of automatic feeding, nesting, and heating systems launched Titan, a new automatic feeding system for heavy turkeys. Hence, with an increase in farm size and pressure to produce more food efficiently, IoT devices will occupy more space over farms in the near future which is expected to fuel the market growth. In October 2020, VDL Agrotech B.V., a Netherlands-based company and a member of the VDL Groep offering a wide range of automatic poultry feeding systems acquired Jansen Poultry Equipment (JPE) for an undisclosed amount. The acquisition of JPE will enable VDL Agrotech B.V. to become a complete provider of the international poultry market. Jansen Poultry Equipment is a Netherlands-based company that specializes in the development and manufacturing of systems that are vital to the poultry sector. Major players in the poultry brooders, feeders, and waterers market are Big Dutchman International GmbH, OFFICINE FACCO & C. Spa, Tecno Poultry Equipment Spa, Valco Companies Inc, Vencomatic Group, Jamesway Incubator Company, LUBING Maschinenfabrik Ludwig Bening GmbH & Co. KG, and ME International Installation GMBH. Asia Pacific was the largest region in the global poultry brooders, feeders, and waterers market in 2021. North America was the second largest region in the global poultry brooders, feeders, waterers market. The regions covered in the global poultry market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the poultry brooders, feeders, and waterers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global poultry brooders, feeders, and waterers market is segmented - 1) By Product Type: Brooders, Feeders, Waterers 2) By Operation: Automatic, Manual, Semi-Automatic 3) By Poultry: Chicken, Turkey, Duck, Others

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. The main functions of feed processing equipment are pelleting, mixing, grinding, and extrusion. Extrusion refers to the process of forming something by forcing or pushing it out, mainly through a small opening. The feed types are ruminant feed, poultry feed, swine feed, aquaculture feed, and other feed types. The various applications involved are poultry, pig, ruminant, aqua, and other applications. The global feed processing equipment market size is expected to grow from $49.08 billion in 2021 to $54.49 billion in 2022 at a compound annual growth rate (CAGR) of 11.0%. The global feed processing market size is expected to grow to $71.68 billion in 2026 at a CAGR of 7.1%. 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. The rise in livestock population led to an increase in the requirement for feed which in turn is likely to fuel the demand for feed processing equipment. According to the 20th Livestock Census report by the Department of Animal Husbandry and Dairying, Ministry of Fisheries, published in October 2019, the total livestock population in India is 535.78 million in 2019. As per the report by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States Department of Agriculture (USDA) released in February 2019, the total cattle and calves population in the USA is 94.8 million as of January 1, 2019. The feed is utilized for rearing livestock as it provides a high nutritional diet which in turn increases productivity. Hence, the growing demand for feed across the globe aids in the growth of the market. The high operational and maintenance cost of the feed mill is expected to hinder the feed processing equipment market. The cost of establishing a feed mill includes design and development, equipment, installation, operational, and maintenance costs. According to the American Feed Industry Association, engineering and design, equipment and installation, and operation and maintenance cost contribute to about 1%, 15%, and 50% respectively of the total investment over a feed mill’s lifetime. Moreover, electricity and labor require high capital investment making it unaffordable for middle, low-income producers, thereby acting as a major restraint for the market growth. Plant manufacturers are launching revolutionary technology intending to improve the operation, increase efficiency, and set up other equipment to offer an advantage over other machines. 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. In December 2019, Vermeer Corporation, a USA-based manufacturer of industrial and agricultural machines acquired Schuler Manufacturing Co for an undisclosed amount. The acquisition aims to use Schuler Manufacturing Co.'s feed equipment to reinforce Vermeer Corporation’s long-term vision of developing new product technologies for cattle producers through the entire chain of hay and feed value. Schuler Manufacturing Co is a USA-based family-owned company that manufactures cattle feed mixers, feed wagons, and other feed mixer equipment concerning the beef cattle feedlot and dairy industries. Major players in the feed processing equipment market are Buhler AG, Clextral, Dinnissen BV, andritz AG, Bratney Companies, Longchang Machinery, HET Feed Machinery, B.K. Allied Industries, SKIOLD, and ZhengChang. Asia Pacific was the largest region in the global feed processing equipment market in 2021. North America was the second largest region of the global feed processing market. The regions covered in the global feed processing equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the feed processing equipment market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global feed processing equipment market is segmented - 1) By Function: Pelleting, Mixing, Grinding, Extrusion 2) By Feed Type: Ruminant Feed, Poultry Feed, Swine Feed, Aquaculture Feed, Others 3) By Application: Poultry, Pig, Ruminant, Aqua, Others

The animal food market consists of sales of animal foods by entities (organizations, sole traders, and partnerships) that produce animal food (except dog and cat food and cattle feed), such as fish food, livestock feeds, poultry feeds, bird feeds, earthworm food, rabbit food, and Other Distribution Channels. The main type of animal food is poultry feed, cattle feed, aquaculture feed, and other animal food. Poultry feed is food used to feed chickens, ducks, geese, and other domestic birds or farm poultry. The various ingredients used in animal food are cereal, oilseed meal, supplements, and other ingredients. These products are made available through supermarkets/hypermarkets, convenience stores, e-commerce, and others. The global animal food market size is expected to grow from $272.02 billion in 2021 to $301.96 billion in 2022 at a compound annual growth rate (CAGR) of 11%. The animal foods market is expected to grow to $442.34 billion in 2026 at a CAGR of 10%. The animal and pet food market growth is aided by stable economic growth forecasted in many developed and developing countries. According to the International Monetary Fund (IMF), the global GDP reached 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments at the end-user markets, thereby driving the animal food market during the forecast period. The outbreak of the Coronavirus disease (COVID-19) has acted as a massive restraint on the animal food manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Food and beverage manufacturers depend on the supply of raw materials from domestic and international suppliers. As many governments restricted the movement of goods across countries and locally, manufacturers had to halt production due to a lack of raw materials. Also, restrictions on the trade of non-essential goods and fear of contamination through manufacturing facilities contributed to the decline. The outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the animal food manufacturing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. Growing awareness among cattle farmers and pet owners about the advantages of probiotics for animal health is leading to the increased use of probiotics in the animal feed for farm animals like cattle, horses, ruminants, and poultry. The increasing advancements in molecular biology and gene sequencing are allowing researchers to dig deep for finding new probiotic applications for animals, in feed, and consumer packaged health products. The significant rise in the adoption of probiotics in animal feed for farm animals has shown beneficial results in terms of animal performance, digestion, and immune system. For instance, the US-based company, Bactana Animal Health has completed its first round of funding for developing a novel bacterial stain of Faecalibacterium prausnitzii for commercial livestock usage. Major companies in the animal food market include Cargill Incorporated, New Hope Liuhe Co. Ltd., Charoen Pokphand Foods PCL, Bunge Limited, Mitsui, CJ Cheiljedang Corp, Land O'Lakes Inc, ForFarmers NV, Japfa ltd, and Tate & Lyle. Asia Pacific was the largest region in the animal food market in 2021. Western Europe was the second-largest region in the animal food market. The regions covered in the animal food market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the animal food market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The global animal food market is segmented - 1) By Type: Poultry Feed, Cattle Feed, Aquaculture Feed, Others 2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others 3) By Ingredients: Cereal, Oilseed Meal, Supplements, Others Subsegments Covered: Cereal, Oilseed Meal, Molasses, Fish Oil and Fish Meal, Supplements, Other Ingredients Prawn Feed, Fish Feed, Other Aqua Feed