Feed Processing Market - Forecasts from 2019 to 2024

The feed processing market is projected to grow at a CAGR of 4.81% to reach US$22,199.968 million by 2024, from US$16,7449.277 million in 2018. Rising awareness about feed nutrition and animal health is significantly driving the growth of feed processing market. In addition, growing adoption of protein-rich diet across different regions is encouraging farmers to feed processed feed to their livestock, thus positively impacting the growth of feed processing market during the forecast period.

The rising use of automated systems by animal feed manufacturers throughout the production line is also contributing to the growth of feed processing market in the coming years. Additionally, technological developments in machinery are expected to widen up the growth opportunities for the feed processing market. However, the high investment cost is expected to hamper the growth of the market.

The feed processing market has been segmented on the basis of equipment type, livestock, form of feed and geography. Geographically, Asia-Pacific holds a significant market share owing to rising economic growth and urbanization coupled with the shift from unorganized livestock farming to the organized sector in countries like India, China, and Indonesia.

Drivers

Growing demand for feed across the globe.

Rising awareness regarding feed nutrition and health.

Restraints

High investment costs

Industry Update

In June 2018, SKIOLD A/S acquired Landmeco A/S, the largest manufacturer of poultry equipment with own development, production and sales.

In December 2017, GEA Group acquired Pavan Group a leading supplier of extrusion and milling technology, with an aim to expand its technological portfolio.

The major players profiled in the Feed Processing market include Buhler AG, GEA Group, ANDRITZ, Clextral, Het Feed Machinery, CPM, and Bratney Companies among others.

Segmentation

The feed processing market has been analyzed through the following segments:

By Equipment type
Cleaner and sorting
Mixer
Grinder
Extruders
Others

By Livestock
Swine
Poultry
Cattle
Others

By Form of feed
Pellets
Mash
Crumbles
Others

By Geography
North America
USA
Canada
Mexico

South America
Brazil
Argentina
Others

Europe
Germany
France
United Kingdom
Spain
Others

Middle East and Africa
Saudi Arabia
Other

Asia Pacific
China
Japan
India
Australia
Others