Feed Processing Market

Global Feed Processing Market Size (2024 to 2032)

The global feed processing market was valued at USD 22.75 billion in 2023 and is anticipated to reach USD 23.75 billion in 2024 from USD 33.52 billion by 2032, growing at a CAGR of 4.4% from 2024 to 2032.

CURRENT SCENARIO OF THE GLOBAL FEED PROCESSING MARKET

Animal feed is important and the most important factor in animal production. Food processing involves breaking down the physical nature of food to result in optimal use by animals, as well as improving the mix and stability of your food. Finely processed food particles digest better than coarse or whole food ingredients. This procedure helps improve the digestibility and bioavailability of food. Food processing not only improves the quality of food but also minimizes losses during feeding. Common food processing goals include better feed conversion or efficiency, higher feed consumption and faster average daily gain, better carcass quality or yield, reduced feed waste, and many others. The feed preparation methods used for pigs and poultry are relatively simple and few compared to the variety of methods available for feeding ruminants.

MARKET DRIVERS AND RESTRAINTS

The boom in aquaculture has attracted a lot of attention among aquaculture feed manufacturers around the world.

For the aquaculture sector to maintain its current growth rate, the supply of nutrients and food inputs may need to grow at a similar rate while the production of aquatic ingredients remains static, and other sectors are downsizing and competing for food resources. However, the constant growth of aquaculture and the demand for more feed, especially for tilapia and catfish, has sparked the interest of most smallholders in processing their own feed rather than buying complete fish feed. This, in turn, encourages small farmers to install feed processing machines.

Rising compound feed costs and growing awareness among farmers of the benefits associated with feed processing equipment are driving demand for feed processing machinery in the world. The global demand for feed processing is increasing dramatically due to the growing awareness of food nutrition and health, technological advancements in the equipment industry, personalized services and the increasing demand for food in the world. The poor infrastructure of the crushing and granulating equipment is hampering the growth of the global feed processing market. The other important restraining factor for the growth of the feed processing market is the consolidation of the market.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Feed Processing Market Analysis By Form

Pellets accounted for a significant portion in 2019. The demand for feed pellets for animals is mainly due to the advantages of feed pellets, such as better feed consumption and increased weight of the animals. Due to the increasing demand for nutritious feed, the production of pellets is increasing dramatically, which also stimulates business investment in the feed pellet processing industry. In addition, reducing waste during the consumption process, providing a total mix of nutrients in each pellet, improving storage capacity, lowering transport costs, and improving food handling are some of the benefits that have driven the adoption of pallets for animals.

Global Feed Processing Market Analysis By Livestock

The poultry segment accounted for the largest market share in 2019. Poultry meat is one of the highest among others, such as pork, beef, and fish. Therefore, a great opportunity lies in the segment of feed for birds. Manufacturers invest heavily in developing innovative feed equipment technologies for the production of various forms of high-quality poultry feed.

Global Feed Processing Market Analysis By Mode of Operation

Manual recorded the highest portion in 2019. Manual granulating machines are designed and manufactured from locally available materials, which makes the granulating machine quite affordable. Manual operation mode does not require any technical expertise.

REGIONAL ANALYSIS

Asia-Pacific is expected to have the largest market share of the feed processing market during the forecast period, followed by Europe. China maintains its position as a world leader in animal feed production, with an advance of about 10 million metric tons compared to the United States. Due to the major feed-producing countries and a large number of feed manufacturers in the region, Asia-Pacific has maintained a leading position in the global market for feed processing machinery.

China remains the main feed producer and user of feed processing machinery due to economic growth and rapid development. The main driver of the market is the increasing attention of domestic feed processing machinery companies, technological advancements and government subsidies for mechanization due to population growth. The prosperity of this region is the result of its tightly integrated markets. The market is showing strong growth in terms of turnover. Due to its highly diverse industrial market, the United States dominates the economy of the North American region.

KEY PLAYERS IN THE GLOBAL FEED PROCESSING MARKET

Major players in the Feed Processing Market include Longchang Machinery, Andritz AG, Henan, B.K. Allied Industries, HET Feed Machinery, Dinnissen BV, Bühler Holding AG, Bratney Companies, Clextral, Pavan, and Jiangsu Muyang Group Co.

RECENT HAPPENINGS IN THE GLOBAL FEED PROCESSING MARKET

• For example, in December 2017, GEA Group AG (Germany) acquired the Pavan Group in Italy. This acquisition has allowed GEA to expand its technological portfolio by adopting extrusion and grinding technologies for processed products for human and animal nutrition. With its head office in Galliera Veneta, near Padua, the group employs around 680 people at various production sites in Italy and China.
• In May 2020, The international technology group ANDRITZ presents its new innovative product line ADuro of recycling mills for primary and secondary crushing, fine granulation as well as for fractionation of composite materials. ADuro shredders offer maximum durability and are ideal for processing almost all raw materials in the recycling industry. They can be easily installed in existing installations, thus minimizing downtime during installation.
• In July 2019, Bratney Companies and F.H. Schule Mühlenbau announced a strategic partnership agreement. The partnership will include joint distribution, sales and promotional efforts for new and existing milling plants in the United States. This agreement is an opportunity for the two companies to combine their experience, resources and experiences to realize their common philosophy of customer satisfaction.

DETAILED SEGMENTATION OF THE GLOBAL FEED PROCESSING MARKET INCLUDED IN THIS REPORT

This research report on the global feed processing market is segmented and sub-segmented based on the Type, Form, Livestock Mode of operation, and Region.

By Type

• cleaning & sorting
• grinding
• mixing
• conditioning & expanding
• dosing & batching
• pelleting
• extrusion

By Form

• granules
• puree
• others

By Livestock

• poultry
• pigs
• others

By Mode of Operation

• manual
• semi-automatic
• automatic

By Region

• North America 
• Europe 
• Asia Pacific
• Latin America 
• Middle East & Africa