Feed Processing Machinery Market - Growth, Trends, and Forecasts (2023 - 2028)

Feed Processing Machinery Market - Growth, Trends, and Forecasts (2023 - 2028)

The Global Feed Processing Machinery Market is projected to register a CAGR of 4.5% during the forecast period.

• Industrialization of livestock production and demand for high-quality feed, especially from aquaculture has paved the way for machinery manufacturers to explore the market. To meet the demand of livestock farmers the highly automated and advanced machinery has also augmented the growth of the market.
• Demand in the growth of compound feed and feed additives has created an opportunity for machinery manufacturers to supply a number of equipment and advanced machinery to meet the demands. Increasing feed-based industries in Asia-Pacific are also driving the market to spur during the forecast period.
• Availability of various customized services, technological advancement in the field of machinery, growing awareness about the importance of feed and feed additives among livestock farmers and increasing commercial livestock farms are some of the major factors to drive the global feed processing machienary market during the forecast period.

A rise in animal-based food product consumption all over the world is anticipated to boost the demand for feed. Changes in customer dietary habits toward the quality of dairy products and meat are expected to contribute to the growth of the feed industry which drives the feed processing machinery market. Nevertheless, with the rise in meat consumption across the world, the feed industry is estimated to witness a huge demand for better-quality meat.

The consumption of meat has been rising steadily across the world. The increasing population, urbanization, demographics, incomes, prices, and environmental and health concerns are key factors that influence the level and type of meat consumption. This is enhancing the demand for the feed market.

The rise of aquaculture has attracted a great deal of attention among aquafeed manufacturers, globally. For the aquaculture sector to maintain its current growth rate, the supply of nutrient and feed inputs may have to grow at a similar rate, while the production of aquatic ingredients remains static and other sectors are competing for the same feed resources. However, the steady growth of aquaculture and the demand for more feed, especially for tilapia and catfish, sparked the interest among most of the small scale producers to process their own feeds, rather than purchasing a complete fish feed. This, in turn, is encouraging small scale farmers to install feed processing machinery. The rise in compound feed costs and the rising awareness among farmers regarding the benefits associated with feed processing equipment are boosting the demand for feed processing machinery.

The Asia Pacific is leading the market with the presence of the highest number of feed manufacturers and machinery suppliers. China remains top feed producer and user of feed processing machinery due to an increase in economic growth and rapid urbanization. The major driver for the market is increasing the concentration of domestic feed processing machinery companies, innovation in technology, government subsidies for mechanization as a result of the growing population.

China’s commercial feed processing machinery industry plays a critical role in supporting the growth of the country’s livestock sector and creating export opportunities for other countries. The Chinese feed industry experienced a minor blip in the year 2019 on account of the widespread influence of African Swine Fever (ASF). However, the feed production is expected to be back on track over the forecast period.

In the Asia-Pacific, the total feed production had increased by 30.3% from 2017 to 2022. The total feed production in the region accounted for 502.7 million metric ton in 2022. The increasing demand for feed drives the market.

The feed processing machinery market is consolidated in nature with major players accounting for major market share. The major players in the market are Buhler AG, Clextral, Dinnissen BV, Andritz AG, and Bratney Companies, among others. Most of the major companies in the market are concentrating on developing new machinery, partnerships, and mergers, to achieve a competitive edge over other market players.

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