Feed Processing Market size is estimated to reach $29.86Bn by 2025 and is poised to grow at a CAGR of 6.7% during the forecast period 2020-2025. Feed processing involves breaking down of the physical nature of the feed commodities such that it results in optimum utilization by animals and in addition enhance mixing and stability of their diet. The finely processed feed particles are better digested as compared to coarse or whole feed ingredients. This procedure helps to improve the digestibility and bioavailability of feed. The market is driven by factors such as raising awareness of feed nutrition and health, technological advances in the equipment industry, customized services, and increasing demand for feed worldwide.
By Type- Segment Analysis
Based on Type, Testing and Analysis segment registers for the highest revenue in 2019 and is estimated to grow at highest CAGR at 4.8% over the forecast years owing to the introduction of analytical testing practice for animal feed and feed ingredients to analyse the nutrient profile in samples. Several advanced rapid analytical methods and technologies have developed to conduct a wide range of tests and analyses of animal feed. The testing include pathogen testing, fat & oil analysis, mycotoxin analysis, nutritional labelling, and pesticide testing and also the need to understand the feed composition was driven by the demand for the balanced feed and improved additives from the stakeholders in the feed industry.
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By Mode of Operation – Segment Analysis
The global Feed Processing market based on Mode of operation can be further segmented into Semi-Automatic, Automatic, and Manual. The automatic segment registers for highest revenue in 2019 and projected to grow at the highest CAGR during the forecast period 2020-2025. The automatic mode of operation in the feed processing industry allowed feed manufacturers to produce high-quality feed products at high speeds. Feed manufacturers are increasing by using automated systems to control complete production lines.
By Geography – Segment Analysis
Asia Pacific registers for the highest revenue in 2019 and is set to grow at highest CAGR over the forecast period 2020-2025, at 37% owing to rapid urbanization that contributes to the increasing pet adoption in the region coupled with the growing per capita income of the countries in the region. Besides Asia Pacific, Europe is set to grow owing to its high production of feed in the region during the forecast period 2020-2025.
Drivers – Feed Processing Market
Rise in Demand
The global demand for feed processing is increasing significantly owing to the rising awareness regarding feed nutrition and health, technological advancements in the equipment industry, customized services, and an increase in the demand for feed around the world.
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Challenges – Feed Processing Market
The poor infrastructure of milling and pelleting equipment’s are hindering the growth of the feed processing market. The other major restraining factor for the growth of the feed processing market is market consolidation.
Feed Processing Market Industry outlook:
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Feed Processing Market. Key companies of this market Andritz, Buhler, Pavan, Clextral, Muyang, Bratney, Dinnissen, Henan Longchang Machinery, BK Allied, Het Feed Machinery.
In May 2020, ANDRITZ announced its new, innovative ADuro product line of recycling shredders for primary and secondary shredding, fine granulation as well as for breaking up material composites.
In July 2019, Bratney completed its acquisition with F.H Schule Muhlenbau to expand its sales and promotional efforts for new and existing milling plants in the United States
Geographically, the Asia Pacific area is poised to see extraordinary development owing to growing demand and rapid urbanization and is set to continue during the forecast period (2020-2025).
The global demand for feed processing is increasing significantly owing to the rising awareness regarding feed nutrition.
The poor infrastructure in feed processing is acting as a challenge in the market.
Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Feed Processing Market report.
Related Reports :
A. Cattle Feed Market
B. Animal Feed Additive Market
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