As per Future Market Insights, the global feed mixer market value is projected to total US$ 789.8 million in 2024 and US$ 1205.0 million by 2034. Global demand is forecast to rise at a CAGR of 4.3% throughout the forecast period.
Vertical feed mixers remain popular products owing to their lower cost, smaller footprint, and versatility. They generated around 65% of the market revenue in 2023 and their demand is set to grow at 4.1% CAGR over the next ten years.
As the demand for livestock products continues to grow amid population growth, farmers are seeking high-quality feed. This will play a key role in fueling sales of feed mixers as they allow for the precise mixing of feed ingredients to create a balanced feed for specific animal requirements.
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Key players are focusing on developing novel feed mixing technologies with enhanced accuracy, efficiency, and productivity. This will further boost market growth during the assessment period.
Key Takeaways from the Feed Mixer Market Report:
- The global feed mixer industry is estimated to total US$ 1205.0 million in 2034.
- By product type, vertical segment dominated the market with a value share of 65% in 2023.
- Based on capacity, the 10 to 20 ^3 M segment will record a CAGR of 8% through 2034.
- Sales in the United States are set to total US$ 214.7 million in 2034.
- Japan is poised to register a CAGR of 9% between 2024 and 2034.
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Recent Development:
- In October 2023, Italy-based FARESIN Industries introduced a new self-propelled electric mixer for animal husbandry.
Market Segmentation of Feed Mixers
By Product Type:
- Vertical
- Horizontal
By Portability:
- Self-Propelled
- Pull
- Stationary
By Capacity:
- <10 ^3 M
- 10 to 20 ^3 M
- >20 ^3 M
By Application:
- Farms
- Feed Factory
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Middle East & Africa
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