Global Feed Processing Market Size By Form of Feed, By Mode of Operation, By Livestock, By Type, By Geographic Scope And Forecast
Published on: 2024-08-03 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Feed Processing Market Size By Form of Feed, By Mode of Operation, By Livestock, By Type, By Geographic Scope And Forecast
Feed Processing Market Size And Forecast
Feed Processing Market size was valued at USD 25.7 Billion in 2024 and is projected to reach USD 33.06 Billion by 2031, growing at a CAGR of 3.20% during the forecast period 2024-2031.
Global Feed Processing Market Drivers
The market drivers for the Feed Processing Market can be influenced by various factors. These may include
- Growing Demand for Animal Protein The need for processed animal feed is being driven by the growing demand for meat, dairy, and other animal products, which is a result of the world’s population growth and rising affluence in developing nations.
- Technological Advancements in Feed Processing By improving the efficiency and quality of feed production, technologies such as extrusion, pelleting, and milling processes help feed markets expand.
- Growth in Livestock Farming The market for feed processing is greatly impacted by the growth of the livestock farming and poultry industries, which are motivated by the need to meet the world’s expanding food demand.
- Growing Knowledge of Animal Nutrition The market for processed feed is driven by a growing understanding of the advantages of providing animals with a balanced diet and the contribution of premium feed to improving livestock productivity and health.
- Government Support and Regulations The feed processing industry is driven by government subsidies and incentives for livestock farmers, as well as regulatory frameworks that uphold animal health and safety requirements.
- Economic Development in Emerging economies As a result of rising meat consumption, there is an increasing need for feed processing solutions in emerging economies due to their rapid economic expansion.
- Sustainable Feed Practices The use of cutting-edge feed processing technologies is encouraged by the trend towards environmentally friendly and sustainable feed production processes, which is fueled by customer preferences and environmental concerns.
Global Feed Processing Market Restraints
Several factors can act as restraints or challenges for the Feed Processing Market. These may include
- High Initial Investment Costs Newcomers and smaller producers may find it difficult to overcome the enormous money needed to establish state-of-the-art feed processing facilities and purchase contemporary equipment.
- Volatility in Raw Material Prices Changes in the cost structure and profitability of feed processing operations can be caused by price fluctuations in raw materials used in feed manufacturing, such as grains and oilseeds.
- Strict Regulatory Frameworks Feed processors may have difficulties and incur higher operating expenses in order to comply with strict rules and standards pertaining to feed safety, quality, and environmental effect.
- Limited Awareness and Slow acceptance in Developing locations In certain developing locations, the advancement of feed processing technology may be impeded by low awareness and sluggish acceptance.
- Disruptions in the supply chain can have an impact on the distribution of completed feed products and the availability of raw materials. These disruptions can be brought on by pandemics, natural disasters, or geopolitical tensions.
- High Operational Expenses and Energy Consumption Feed processing is an energy-intensive process, and the high cost of energy can have an effect on overall operating expenses, which can have an influence on feed processing plants’ profitability.
- Competition from Alternative Feed Sources The market for traditionally processed feed may be constrained by the accessibility and rising acceptance of alternative feed sources, such as synthetic feeds and insect protein.
Global Feed Processing Market Segmentation Analysis
The Global Feed Processing Market is segmented on the basis of Form, Livestock, Mode of Operation, Type, And Geography.
By Form
- Pellets
- Mash
- Other
Based on Form, the market is bifurcated into Pellets, Mash, Others. The pellets segment is predicted to increase at a modest rate throughout the projection period. Pellet is a popular feed form because it provides numerous benefits to feed millers and livestock farmers, including increased profitability by enabling increased bulk density, preventing component segregation, lowering transportation and storage costs, improving digestion and nutrient bioavailability, and lowering pathogen load. Pelleting, which is the process of processing raw materials by injecting heat and steam-containing water, is the most often utilized Hydrothermal Processing (HTP) technique for creating pig and poultry feeds. Chickens may consume the food more effectively if the pellets are crumbled into smaller pieces.
By Livestock
- Poultry
- Swine
- Others
Based on Livestock, the market is bifurcated into Poultry, Swine, Others. In 2021, the poultry industry accounted for a significant revenue share. Poultry feed refers to farm animal feed for chickens, ducks, geese, and other domestic birds. Grain, kitchen garbage, calcium supplements like oyster shells, and garden debris were regularly added. Furthermore, the bulk of chicken meals are made up of grain and protein supplements such as soybean oil meal, mineral supplements, and vitamin supplements, despite the fact that there are other alternative feed formulations available. Healthy poultry need a certain quantity of protein and carbohydrates, as well as vitamins, minerals, and water. Egg-laying hens require 4 grams of calcium each day, 2 grams of which are required in each egg.
By Mode of Operation
- Semi-Automatic
- Automatic
- Manual
Based on Mode of Operation, the market is bifurcated into Semi-Automatic, Automatic, and Manual. The manual category is predicted to develop at a steady rate throughout the projection period. The use of locally sourced materials in the design and construction of manually driven feed pelleting machines makes them reasonably priced. The manual operation does not need a high level of technological understanding. Furthermore, the machine’s key components include a hopper, an extrusion barrel, a screw auger, a bearing housing, a crank arm, a supporting frame, and others. Furthermore, the performance of a manually operated machine is evaluated using criteria such as pelleting efficiency, percentage of mechanical damage, percentage of feed loss, and throughput capacity.
By Type
- Cleaning & Sorting
- Grinding
- Mixing
- Conditioning & Expanding
- Others
Based on Type, the market is bifurcated into Cleaning & Sorting, Grinding, Mixing, Conditioning & Expanding, and Others. In 2021, the grinding category accounted for a sizable revenue share. Grinding is an important stage in the feed preparation process for increasing feed digestibility for livestock and poultry. Its functions boost the value of material use and the quality of feed product processing. Furthermore, the grinding process is an important phase in the feed processing process and one of the most important instruments for making good use of feed. Furthermore, while establishing crushed particle size, the types of raw materials and feeding animals, stage of growth, and technical necessities are all taken into account.
By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
On the basis of Geographical Analysis, the Global Feed Processing Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. In 2021, the Asia Pacific market will have the highest revenue share. India is one of the world’s leading producers of animal feed. The animal feed contains a variety of raw, processed, and semi-processed commodities that are fed to cattle. Pasture grasses, cereal grains, hay, silage crops, and other food crop byproducts such as brewer’s grains, pineapple bran, and sugar beet pulp are among the preferred fees.
The United States Department of Agriculture (USDA) estimates that China’s industrial feed output would expand by 10.4% in 2020, compared to 33.5% and 50.6% in 2019. Pig and poultry feed production accounted for 35.3% and 49.6% of total feed output, respectively. Pig feed output increased by 16.4% to 89.2 MMT. Layer feed production increased by 7.5%, broiler feed by 8.4%, and ruminant feed by 18.9%, driving revenue growth in this region.
Key Players
The major players in the Feed Processing Market are
- Cargill
- Archer Daniels Midland Company (ADM)
- Buhler Group
- Alltech
- Provimi
- Land O’Lakes
- Wilmar International Limited
- New Hope Liuhe
- CHS Inc.
- COFCO Corporation
- Andritz AG
- Jiangsu Muyang Group Co. Ltd.
- Pavan
- Clextral
- Bratney Companies
- Bühler Holding AG
- Dinnissen BV
- HET Feed Machinery
- B.K. Allied Industries
- Henan Longchang Machinery
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
Study Period | 2021-2031 |
Base Year | 2024 |
Forecast Period | 2024-2031 |
Historical Period | 2021-2023 |
Unit | Value (USD Billion) |
Key Companies Profiled | Andritz AG, Jiangsu Muyang Group Co., Ltd., Pavan, Clextral, Bratney Companies, Bühler Holding AG, Dinnissen BV, HET Feed Machinery, B.K. Allied Industries. |
Segments Covered | By Form, By Livestock, By Mode of Operation, By Type, And By Geography. |
Customization scope | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
Research Methodology of Market Research
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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