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Feed Processing Market

Published Date : Jun 2024 | Forecast Year : 2019

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Feed Processing Market Size, Share & Trends Covers Analysis By Product Type (Grinding Machine, Mixing Machine, Pelleting & Extrusion, Other Equipment), By Application (Poultry, Pig, Ruminant, Aqua, Others) Growth, Demand, Regional Outlook, And Forecast 2024-2032

Report ID: AG928

Published : Jun 2024

Pages : 155

Category : Food & Beverages

Format : Feed Processing Market

REPORT ATTRIBUTEDETAILS
MARKET SIZE (2032)USD 34.06 Billion
MARKET SIZE (2023)USD 24.7 Billion
CAGR (2023-2029)3.20%
HISTORIC YEAR2019
BASE YEAR2023
FORECAST YEAR2032
BY TYPEGrinding Machine
Mixing Machine
Pelleting & Extrusion
Other Equipment
BY APPLICATIONPoultry
Pig
Ruminant
Aqua
Others
GEOGRAPHIC ANALYSISNorth America, Europe, Asia Pacific, Latin America, and Middle East & Africa
KEY PLAYERSBuhler, Krones AG, AFE Group Ltd., Atlas Pacific Engineering Company Inc., B.K Engineers, National Refractories, Heat and Control, Inc., Meyer Industries, ZIEMANN HOLVRIEKA, Tomra Systems.

Introduction:

The global food industry, a cornerstone of modern agriculture, is undergoing significant changes due to technological advances, sustainability pressures and changing consumer preferences. Looking at the food processing market, it is clear that these dynamics will profoundly shape its trajectory. Food processing includes many activities designed to transform agricultural raw materials into nutritionally balanced feed products for livestock, poultry and aquaculture. From grinding and mixing to granulation and extrusion, each process plays an important role in improving feed quality, digestibility and overall animal health.

Feed Processing Market

Size, by Product, - (USD Billion)

Grinding Machine

Mixing Machine

Pelleting & Extrusion

Other Equipment

Other Products

18 16 14 12 10 8 6 4 2 0

The Market will Grow

At the CAGR of:

3.20%

The Forecast Market

Size for in USD:

$34.06 Billion B

b0d51e3055fd6f23ff6a384a6e091406.svg

Global Feed Processing Market Size Was Estimated At USD 24.7 Billion In 2023 And Is Projected To Reach USD 34.06 Billion By 2032, At CAGR Of 3.20% (2024-2032)

The forecast for the food processing market in the future depends on several key factors. Technical innovations such as automation, digitization and precision feeding are revolutionizing production efficiency and product consistency. At the same time, the requirements of sustainability increase the demand for environmentally friendly food processing solutions that minimize environmental impacts and optimize the use of resources. In addition, regulatory frameworks and market trends are increasingly influencing food composition and usage. The shift to organic and non-GMO ingredients combined with strict quality standards is shaping the industry's supply strategies and operating protocols.

Market Overview:

Market growth is due to increasing demand for feed processing equipment for poultry, swine, ruminant, aquatic and other applications across the globe. The report provides insights into the lucrative opportunities in the food processing equipment market at the country level. The report also includes precise costs, segments, trends, region and business development of key players worldwide for the forecast period. The Feed Processing Equipment Market report represents the collected information about the industry or the market of different industries. The Feed Handling Equipment market report contains both quantitative and qualitative data analysis and the forecast period of the report is from 2023 to 2030. The report considers various factors such as product price, product or service penetration at both country and regional levels, country GDP, market dynamics of parent market and submarket, end application industry, key players, consumer buying behavior, economic situation. , political, social scenarios of countries and many others. The report is divided into various segments to provide a detailed analysis of the market from all possible aspects.

Market Trends:

  • Technological Advancements in feed processing.
  • Focus on Nutritional Efficiency and advanced formulations.
  • Embrace of Sustainable Practices in processing.
  • Growing demand for Specialty Feeds.
  • Expansion of markets in Asia-Pacific and Latin America.
  • Vertical Integration in feed processing operations.
  • Impact of Regulatory Changes on the market.
  • Increasing emphasis on Health and Wellness in feed formulations.

Market Drivers:

  • Rising Livestock Production
  • Technological Advancements
  • Growing Demand for Animal Protein
  • Focus on Feed Efficiency
  • Expansion of Aquaculture Industry
  • Urbanization and Income Growth
  • Emerging Markets
  • Environmental Concerns

    Feed Processing Market

    Share, by end user, (USD Billion)

    Analytica Global 24.7 Billion %

    Poultry

    Pig

    Ruminant

    Aqua

    Other End-Users

    b0d51e3055fd6f23ff6a384a6e091406.svg

    34.06 Billion

    Total Market Size

    USD (Billion),

    3.20%

    CAGR

    -

Porter’s Analysis:

Threat of New Entrants:

Barrier to Entry: High initial investment in technology and facilities.

Economies of scale: incumbents benefit from economies of scale, which makes it difficult for new entrants to compete.

Regulatory barriers: Strict regulations and compliance requirements increase barriers to market entry.

Bargaining power of suppliers:

Limited suppliers: Some suppliers of key ingredients (eg grain, protein meal) may have more bargaining power.

Switching costs: Switching suppliers can be expensive due to specific ingredient requirements.

Concentration of suppliers: Concentration of suppliers can increase their bargaining power.

Bargaining Power of Buyers:

Large Buyers: Large livestock and feed producers have significant purchasing power.

Price sensitivity: Buyers may switch suppliers based on price and quality.

Availability of information: Availability of information allows buyers to easily compare suppliers.

Risk of Substitutes:

Substitutes: Alternatives such as domesticated foods, organic foods or alternative protein sources (eg plant proteins) may pose a risk.

Price-performance trade-off: Alternatives offer comparable nutritional values ​​at lower costs.

Industry Competition:

Competitive Situation: Fierce competition between feed manufacturers and technology providers.

Market Growth: Slow growth can increase competition as companies compete for market share.

Differentiation of products: emphasizing the quality, nutritional value and sustainability of products to stand out from the competition in the market.

Market Restraining Factors:

Regulatory Challenges: Increasing regulations on food safety, ingredients and processing methods can create compliance issues and increase operational costs.

Fluctuating raw material prices: Fluctuations in the prices of raw materials such as grains, protein flours and additives can affect profit margins and operational stability.

Technological Obsolescence: The rapid development of food processing technologies requires constant investment in equipment and process improvements, which can be expensive for smaller operators.

Environmental Issues: Pressure to adopt sustainable practices and reduce environmental impacts may require investment in environmentally friendly handling methods and waste management.

Market fragmentation: the food processing market often consists of many small and medium-sized companies, which leads to intense competition and pressure.

Trade barriers: Tariffs, import/export restrictions and geopolitical tensions can disrupt supply chains and limit market access, affecting trade and growth prospects.

Key Players:

  • Buhler
  • Krones AG
  • AFE Group Ltd.
  • Atlas Pacific Engineering Company Inc.
  • B.K Engineers
  • National Refractories
  • Heat and Control, Inc.
  • Meyer Industries
  • ZIEMANN HOLVRIEKA
  • Tomra Systems

Recent Development:

  • Expansion into Asia Pacific: Major feed processing companies announce plans to expand production facilities in key Asian markets to meet growing demand for animal protein.

  • Technical innovations: Introduction of AI-selected feed formulation to optimize nutrient profiles and improve feed efficiency.

  • Sustainability Initiatives: Launch of a new sustainable feed processing plant that uses renewable energy sources and implements zero-waste production practices.

  • Regulatory Updates: Updates on new food safety regulations and sustainability standards that affect industry practices and market dynamics.

  • Innovative Partnerships: Collaborations between feed manufacturers and technology providers are developing next-generation processing equipment to improve product quality and efficiency.

Feed Processing Market

Size, by Product, - (USD Billion)

NORTH AMERICA $ 24

The Market will Grow

At the CAGR of:

3.20%

The Forecast Market

Size for in USD:

$34.06 Billion B

b0d51e3055fd6f23ff6a384a6e091406.svg

Market Opportunities:

Growing demand for organic and non-GMO food: an opportunity to meet consumer preferences for healthier and sustainably produced animal products.

Expansion of the Aquafeed Sector: The growing aquaculture sector offers opportunities for the use of specialized feed formulations and processing methods.

Technological Innovations: Opportunities to develop and implement advanced processing techniques to improve efficiency and product quality.

Regional Market Growth: Emerging markets in Asia Pacific, Latin America and Africa offer expansion opportunities due to increasing livestock production.

Health and Welfare Trends: The opportunity to develop and market foods that improve animal health, immunity and general welfare.

Market Insights:

Growth: The global feed processing market is growing due to increasing demand for animal proteins, technological advancements and sustainable practices.

Technological integration: The integration of advanced technologies such as automation, artificial intelligence and the Internet of Things will shape food processing operations, increase efficiency and improve product quality.

Regional Dynamics: Growth rates and adoption levels of food processing technologies vary by region, influenced by economic factors, the regulatory environment and consumer preferences.

Consumer trends: The shift to organic, non-GMO and specialty foods reflects changing consumer preferences for healthier and sustainably produced animal products, which affects trends in food composition.

Ecological considerations. The growing focus on environmental sustainability is forcing feed processors to adopt environmentally friendly practices and reduce their carbon footprint throughout the supply chain.

Feed Processing Market TO (USD BN)

Feed Processing Market

CAGR OF

3.20%

Feed Processing Market

b0d51e3055fd6f23ff6a384a6e091406.svg
Analytica Global 34.06 Billion %

Market Segmentation:

By Type

  • Grinding Machine
  • Mixing Machine
  • Pelleting & Extrusion
  • Other Equipment

By Application

  • Poultry
  • Pig
  • Ruminant
  • Aqua
  • Others

By Geography

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Market Stakeholders:

  • Feed Manufacturers
  • Feed Ingredient Suppliers
  • Technology Providers
  • Livestock Farmers
  • Trade Associations and Regulatory Bodies
  • Research Institutions and Universities
  • Government Agencies
  • Consumers

FAQ (Frequently Asked Questions):

Q.1 How big is the Feed Processing Market?

Ans: - Feed Processing Market Forecast Size Was Estimated At USD 24.7 Billion In 2023 And Is Projected To Reach USD 34.06 Billion By 2032, At CAGR Of 3.20%.

Q.2 Who are the major players in the Feed Processing Feed Processing Market?

Ans: - Buhler, Krones AG, AFE Group Ltd., Atlas Pacific Engineering Company Inc., B.K Engineers, National Refractories, Heat and Control, Inc., Meyer Industries, ZIEMANN HOLVRIEKA, Tomra Systems.

Q.3 Which segments are covered in the report of Feed Processing Feed Processing Market?

Ans: - The Feed Processing Market is Segmented On The Basis Of Type, Application, And Geography.

Q.4 Which regions are covered in the report that having a potential scope for the Feed Processing Feed Processing Market?

Ans: - On the basis of Geography, The Feed Processing Market is classified into North America, Europe, Asia Pacific, and the Rest of the world.

 

Feed Processing Market - Global Outlook & Forecast 2024-2029

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