Market Research Report
Feed Processing Equipment Global Market Report 2022
|Feed Processing Equipment Global Market Report 2022|
The Business Research Company
Content info: 175 Pages
Delivery time: 2-10 business days
“Feed Processing Equipment Global Market Report 2022” from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global feed processing equipment market as it emerges from the COVID-19 shut down.
Where is the largest and fastest growing market for the feed processing equipment ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The Feed Processing Equipmen market global report” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider feed processing equipment market, and compares it with other markets.
Major players in the feed processing equipment market are: Buhler AG, Clextral, Dinnissen BV, Andritz AG, Bratney Companies, Longchang Machinery, HET Feed Machinery, B.K. Allied Industries, SKIOLD, and ZhengChang.
The global feed processing equipment market is expected to grow from $49.08 billion in 2021 to $54.49 billion in 2022 at a compound annual growth rate (CAGR) of 11.0%. The market is expected to grow to $71.68 billion in 2026 at a compound annual growth rate (CAGR) of 7.1%.
The feed processing equipment market consists of sales of feed processing equipment by entities (organizations, sole traders, or partnerships) that are engaged in manufacturing feed processing equipment such as feed expanders, feed conditioners, pellet feed coolers, etc. Only goods and services traded between entities or sold to end consumers are included.
The main functions of feed processing equipment are pelleting, mixing, grinding, and extrusion. Extrusion refers to the process of forming something by forcing or pushing it out, mainly through a small opening. The feed types are ruminant feed, poultry feed, swine feed, aquaculture feed, and other feed types. The various applications involved are poultry, pig, ruminant, aqua, and other applications.
The Asia Pacific was the largest region in the feed processing equipment market in 2021. North America was the second largest region of feed processing equipment market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The growing demand for feed across the globe to meet the needs of the rising livestock population is expected to drive the feed processing equipment market. The rise in livestock population led to an increase in the requirement for feed which in turn is likely to fuel the demand for feed processing equipment. According to the 20th Livestock Census report by the Department of Animal Husbandry and Dairying, Ministry of Fisheries, published in October 2019, the total livestock population in India is 535.78 million in 2019. As per the report by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States Department of Agriculture (USDA) released in February 2019, the total cattle and calves population in the USA is 94.8 million as of January 1, 2019. The feed is utilized for rearing livestock as it provides a high nutritional diet which in turn increases productivity. Hence, the growing demand for feed across the globe aids in the growth of the market.
The high operational and maintenance cost of the feed mill is expected to hinder the feed processing equipment market. The cost of establishing a feed mill includes design and development, equipment, installation, operational, and maintenance costs. According to the American Feed Industry Association, engineering and design, equipment and installation, and operation and maintenance cost contribute to about 1%, 15%, and 50% respectively of the total investment over a feed mill's lifetime. Moreover, electricity and labor require high capital investment making it unaffordable for middle, low-income producers, thereby acting as a major restraint for the market growth.
Plant manufacturers are launching revolutionary technology intending to improve the operation, increase efficiency, and set up other equipment to offer an advantage over other machines. In June 2020, Imas, a supplier of milling technology, has developed a new type of feed mill with a compact design for the feed industry with a capacity of 2 to 3 tons per hour.
In December 2019, Vermeer Corporation, a USA-based manufacturer of industrial and agricultural machines acquired Schuler Manufacturing Co for an undisclosed amount. The acquisition aims to use Schuler Manufacturing Co.'s feed equipment to reinforce Vermeer Corporation's long-term vision of developing new product technologies for cattle producers through the entire chain of hay and feed value. Schuler Manufacturing Co is a USA-based family-owned company that manufactures cattle feed mixers, feed wagons, and other feed mixer equipment concerning the beef cattle feedlot and dairy industries.
The countries covered in the feed processing equipment market are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.