According to a recent FMI analysis, the animal feed processing equipment market is anticipated to reach a valuation of USD 23.1 Billion in 2023. It is projected to grow at a CAGR of 4.2% during the forecast period from 2023 to 2033. The market is anticipated to reach a valuation of USD 34.8 Billion by 2033.
Rising demand for high-quality feed and rapid industrialization of livestock production, especially in the aquaculture sector, is set to pave the way for equipment manufacturing companies to explore the animal feed processing equipment market. The development of highly advanced and automated machinery by key companies to cater to the surging demand from livestock farmers is also expected to boost the global animal feed processing equipment market in the next ten years.
Apart from that, high demand for feed additives and compound feed, especially in emerging economies has created new growth opportunities for machinery manufacturers to provide a large number of advanced machinery and equipment. Also, the ongoing expansion of feed-based industries across the Asia Pacific is anticipated to foster the global animal feed processing equipment market in the evaluation period.
Get Instant Access to Your Visuals-Packed Report, request a sample:
https://www.futuremarketinsights.com/reports/sample/rep-gb-16368
Key Takeaways from the Animal Feed Processing Equipment Market Report:
- The U.S. is currently dominating the animal feed processing equipment market with about 20% of its share.
- The Europe animal feed processing equipment market is anticipated to grow at a 5% CAGR between 2023 and 2033.
- The North American animal feed processing equipment market is expected to register a 13% CAGR between 2023 and 2033.
- The China animal feed processing equipment market is projected to grow at a CAGR of around 19% over the next ten years.
- The global animal feed processing equipment market exhibited steady growth at a CAGR of 3.1% during the historical period from 2017 to 2021.
Competitive Landscape: Animal Feed Processing Equipment Market:
North America currently holds the largest market share, and the region is expected to continue to expand during the projection period. However, Asia Pacific may emerge as the global leader considering favorable regulatory changes and high growth of the poultry feed industry.
Leading Key Players:
- Zhengzhou Fusmar Machinery Co., Ltd.
- Jiangsu Zhengchang Group Co., Ltd.
- Yemtar
- Yemmak
- Wenger Feeds
- WAMGroup S.p.A.
- Excellence Poultry and Livestock Specialist Inc. (Viteral)
- Van Aarsen Intl.
- Triumph Engineering Group Inc.
- Triott Group
- Technex LLC
- Sudenga Industries Inc.
- Stolz
- Statec Binder GmbH
- Shanghai Zhengchang International Mechanical Engineering Co., Ltd.
- Royal Food Processing & Packaging Machines
- Petkus Group
- Mabar Feed
- LoChamp International Co., Ltd.
- La Meccanica
Get Full Report Now: https://www.futuremarketinsights.com/checkout/16368
Get Valuable Insights into Animal Feed Processing Equipment Market:
FMI, in its new offering, provides an unbiased analysis of the feed processing equipment market presenting historical demand data (2017-2023) and forecast statistics for the period from (2023-2033). The study divulges compelling insights on the demand for feed processing equipment based on function (pelleting equipment, hammer mill, fine pulverizer, extruders, feed mixers), feed type (ruminant feed industry, poultry feed industry, swine feed industry, other animal feed), by end-user (domestic settings and small farms, livestock farms), automation grade ( automatic, semi-automatic, manual) across seven major regions.
Animal Feed Processing Equipment Market Segmentation:
By Function:
- Pelleting Equipment
- Pellet Mills
- Pellet Coolers
- Pellet Conditioners
- Hammer Mill
- Fine Pulverizer
- Extruders
- Feed Mixers
By Feed Type:
- Ruminant Feed Industry
- Poultry Feed Industry
- Swine Feed Industry
- Other Animal Feed
By End-User:
- Major Livestock Farms
- Small Farms or Domestic Settings
By Automation Grade:
- Automatic
- Semi-Automatic
- Manual
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa(MEA)
About Future Market Insights (FMI):
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube