Market Size of Feed Processing Machinery Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 23.70 Billion |
| Market Size (2029) | USD 26.90 Billion |
| CAGR (2024 - 2029) | 2.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Feed Processing Equipment Market Analysis
The Feed Processing Machinery Market size is estimated at USD 23.70 billion in 2024, and is expected to reach USD 26.90 billion by 2029, growing at a CAGR of 2.5% during the forecast period (2024-2029).
- A rise in animal-based food product consumption all over the world is anticipated to boost the demand for feed. Changes in customer dietary habits toward the quality of dairy products and meat are likely to contribute to the growth of the feed industry which drives the feed processing machinery market. Nevertheless, with the rise in meat consumption across the world, the compound feed industry is estimated to witness a huge demand for better-quality meat. According to the FAO, growth in global consumption of meat proteins over the future is estimated to rise by 14% by 2030, compared to 2020-2022, propelled largely by population growth and income. Protein availability from poultry, beef, pork, and sheep meat is anticipated to grow by 17.8%, 5.9%, 13.1%, and 15.7%, respectively, by 2030.
- Aquafeed manufacturers worldwide are increasingly focusing on the burgeoning aquaculture sector. Aquaculture requires a proportional increase in nutrient and feed inputs to sustain its growth. Yet, with the static production of aquatic ingredients and competition from other sectors for the same resources, challenges arise. Nonetheless, as aquaculture flourishes and the demand for species like tilapia and catfish intensifies, many small-scale producers are shifting towards processing their feeds instead of buying pre-made fish feed. This trend is driving these producers to invest in feed-processing machinery. In 2022, Cargill made a significant move by investing USD 50 million in R&D, establishing facilities in China, near Elk River, Minnesota, and in the Netherlands, specifically targeting animal nutrition and feed development.
Feed Processing Equipment Industry Segmentation
Feed processing equipment is a machine that produces animal feed by processing the raw material. The Global Feed Processing Machinery Market is Segmented By Function (Pelleting, Mixing, Grinding, and Extrusion), Feed Type (Ruminant Feed, Poultry Feed, Swine Feed, Aquaculture Feed, and Other Animal Feed), and Geography (North America, Europe, Asia-Pacific, South America, and Africa). The report offers the market size and forecasts in terms of value in (USD) for all the above segments.
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Feed Processing Machinery Market Size Summary
The global feed processing equipment market is experiencing growth driven by the industrialization of livestock production and the increasing demand for high-quality feed, particularly in aquaculture. The market is benefiting from advancements in automated and advanced machinery, which are essential to meet the needs of livestock farmers. The rising demand for compound feed and feed additives presents significant opportunities for machinery manufacturers to supply a variety of equipment. The Asia-Pacific region, with its expanding feed-based industries, is a key driver of market growth. Factors such as technological advancements, customized services, and growing awareness among livestock farmers about the importance of feed and additives are further propelling the market forward.
The consumption of animal-based food products is on the rise globally, influencing the demand for feed and, consequently, feed processing machinery. Changes in dietary habits towards higher quality dairy and meat products are contributing to the feed industry's expansion. The aquaculture sector's growth is also driving demand, as small-scale producers increasingly process their own feeds to meet rising needs. The Asia-Pacific region, particularly China, leads the market due to its significant number of feed manufacturers and machinery suppliers. The region's market is supported by economic growth, urbanization, and government incentives for mechanization. The market is consolidated, with major players like Buhler AG and Dinnissen BV focusing on innovation and strategic partnerships to maintain their competitive edge.
Feed Processing Machinery Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Higher Demand for Fully Automatic and Advanced Machinery
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1.2.2 Increased Industrial Livestock Production
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1.2.3 Increasing Demand for High-Quality Feed from The Aquaculture Industry
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1.3 Market Restraints
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1.3.1 Fluctuating Raw Material Prices for Feed
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1.3.2 Dependence of Market on Prices of Animal Produce
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Function
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2.1.1 Pelleting
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2.1.1.1 Pellet Mills
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2.1.1.2 Pellet dies
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2.1.1.3 Conditioners
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2.1.1.4 Others (Coolers and Dryers)
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2.1.2 Mixing
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2.1.2.1 Mixers
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2.1.2.2 Dosing and Batching
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2.1.2.3 Others (Dust-filters)
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2.1.3 Grinding
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2.1.3.1 Hammer mill
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2.1.3.2 Fine Pulverizer
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2.1.3.3 Others (Roller Mills and Screening Devices)
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2.1.4 Extrusion
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2.1.4.1 Extruders
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2.1.4.2 Fat Sprayers
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2.1.4.3 Others (Pre-conditioners)
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2.2 Feed Type
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2.2.1 Ruminant Feed
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2.2.2 Poultry Feed
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2.2.3 Swine Feed
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2.2.4 Aquaculture Feed
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2.2.5 Other Animal Feed
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Italy
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2.3.2.5 Spain
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2.3.2.6 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle East & Africa
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2.3.5.1 South Africa
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2.3.5.2 Saudi Arabia
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2.3.5.3 Rest of Middle East & Africa
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Feed Processing Machinery Market Size FAQs
How big is the Feed Processing Machinery Market?
The Feed Processing Machinery Market size is expected to reach USD 23.70 billion in 2024 and grow at a CAGR of 2.5% to reach USD 26.90 billion by 2029.
What is the current Feed Processing Machinery Market size?
In 2024, the Feed Processing Machinery Market size is expected to reach USD 23.70 billion.
