The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The feed processing equipment market has witnessed robust growth in recent times, marking a journey from $52.79 billion in 2023 to an anticipated $55.49 billion in 2024, showcasing a Compound Annual Growth Rate (CAGR) of 5.1%. Beyond the immediate horizon, the market is expected to continue its ascent, reaching $66.72 billion by 2028 with a CAGR of 4.7%. This upward trajectory is fueled by a confluence of factors, ranging from population growth to technological advancements.

Rising Livestock Population and Growing Feed Demand to Drive Market Growth

• Global Livestock Surge: The escalating demand for feed on a global scale, driven by the burgeoning livestock population, is a prime mover for the feed processing equipment market.
• AFIA Insights: According to the American Feed Industry Association (AFIA), the baseline consumption of animal food is projected to rise from 252.6 million tons in 2020 to an estimated 254.6 million tons by 2025, signifying a potential $48.8 billion market value.
• Key Players: Major industry players shaping this growth include Buhler AG, Clextral, Andritz AG, and many more, reflecting the market’s competitiveness.

Technological Advancements Revolutionizing the Feed Processing Equipment Market

• Innovation Landscape: Noteworthy technological advancements are reshaping the feed processing equipment domain, with companies such as CPM Holdings Inc. leading the charge.
• Twin Track Technology: CPM Holdings Inc. introduced Twin Track technology, a groundbreaking system designed to enhance wood pellet mill efficiency. This innovation reduces energy consumption and increases pellet production capacity, showcasing a commitment to sustainability and efficiency.

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Marel Expands Its Reach With $540 Million Acquisition Of Wenger Manufacturing

• Strategic Acquisitions: In April 2022, Marel, a prominent player in food processing, acquired Wenger Manufacturing for a substantial $540 million.
• Market Segmentation: The feed processing equipment market is segmented based on function (pelleting, mixing, grinding, extrusion), feed type (ruminant, poultry, swine, aquaculture, other animal feed), and application (poultry, pig, ruminant, aqua, other applications).
• Regional Dominance: The Asia-Pacific emerged as the largest region in the feed processing equipment market in 2023, showcasing the region’s pivotal role in the industry’s landscape.

Looking Ahead: Major Trends and Growth Drivers in the Forecast Period

• Population Growth and Urbanization: The feed processing equipment market is poised to grow further, driven by factors like population growth, urbanization, and an increasing awareness of health and nutrition.
• Customization and Data Analytics: Major trends in the forecast period include a surge in demand for alternative proteins, coupled with a focus on customization and data analytics to enhance operational efficiency.
• Collaboration and Partnerships: Companies are increasingly engaging in collaborations and partnerships to leverage complementary strengths and foster innovation in the market.

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The Feed Processing Equipment Global Market Report 2024  provides an overview of the feed processing equipment market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The feed processing equipment market forecast analyzes feed processing equipment market size, feed processing equipment market share, leading competitor and their market positions.

The Table Of Content For The Feed Processing Equipment Market Include:
1. Feed Processing Equipment Market Executive Summary
2. Feed Processing Equipment Market Segments
3. Feed Processing Equipment Market Size And Feed Processing Equipment Market Growth Rate
4. Key Feed Processing Equipment Market Trends
5. Major Feed Processing Equipment Market Drivers
……
25. Key Mergers And Acquisitions In The Feed Processing Equipment Market
26. Top Feed Processing Equipment Companies
27. Feed Processing Equipment Market Opportunities And Strategies
28. Feed Processing Equipment Market, Conclusions And Recommendations
29. Appendix

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