Feed Processing Equipment Global Market Report 2024

The feed processing equipment market size has grown strongly in recent years. It will grow from $52.79 billion in 2023 to $55.49 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth observed during the historical period can be attributed to several factors, including the increasing global demand for animal products, the impact of environmental regulations on the feed industry, the globalization of the feed industry, and the growth of emerging markets. These factors have led to a growing need for efficient and advanced feed processing equipment to meet the demand for animal feed in different regions, contributing to the expansion of the industry.

The feed processing equipment market size is expected to see steady growth in the next few years. It will grow to $66.72 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%. The projected growth in the forecast period can be attributed to several factors, including population growth and urbanization leading to increased demand for animal products, growing awareness of health and nutrition, a focus on environmental sustainability, and government regulations influencing the feed processing equipment industry. Notable trends in the forecast period include technological advancements in feed processing equipment, the adoption of precision feeding techniques, the emphasis on flexibility and adaptability in manufacturing processes, increased collaboration and partnerships within the industry, a rising demand for alternative proteins, and the integration of customization and data analytics to enhance feed production efficiency and meet changing consumer preferences. These trends are expected to drive continued growth in the feed processing equipment sector.

The growing global demand for feed to meet the needs of the increasing livestock population is expected to be a driving force behind the feed processing equipment market. The rise in livestock numbers has led to an increased requirement for feed, thus generating higher demand for feed processing equipment. For instance, as of October 2022, the American Feed Industry Association (AFIA) reported that, under normal production conditions, the baseline consumption of animal food at the beginning of 2020 was estimated at 252.6 million tons (excluding forages and roughages), with an estimated value of $66.7 billion. It is projected that by 2025, the consumption of animal food could increase by 2.5% to 254.6 million tons, equivalent to about $48.8 billion.

The primary functions of feed processing equipment include pelleting, mixing, grinding, and extrusion. Extrusion is a process in which something is formed by being pushed or forced out, often through a small opening. Different feed types are manufactured, such as ruminant feed, poultry feed, swine feed, aquaculture feed, and various other types. These feed processing equipment find applications across different sectors, including poultry, pig farming, ruminant farming, aquaculture, and other related applications.

The feed processing equipment market research report is one of a series of new reports that provides feed processing equipment market statistics, including feed processing equipment industry global market size, regional shares, competitors with a feed processing equipment market share, detailed feed processing equipment market segments, market trends and opportunities, and any further data you may need to thrive in the feed processing equipment industry. This feed processing equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The growth of aquaculture is expected to be a key driver for the feed processing equipment market. Aquaculture, which involves controlled farming of aquatic organisms like fish, shellfish, and aquatic plants, is on the rise. This expansion in aquaculture has led to an increased demand for specialized feeds tailored to the nutritional requirements of various aquatic species. As the aquaculture industry expands, the need for advanced feed processing equipment to efficiently produce high-quality aquafeeds becomes crucial, supporting the industry's growth, customization, and sustainability demands. For example, based on November 2022 data from Statistics Canada, the gross output of the aquaculture industry increased by 17.7%, reaching $1.3 billion in 2021. This growth was accompanied by a 10.9% rise in total product inputs, which reached $1.1 billion during the same period. Hence, the rise of aquaculture is a driving factor for the feed processing equipment market.

The high operational and maintenance costs associated with feed mills are expected to act as a hindrance to the feed processing equipment market. Establishing a feed mill involves costs related to design and development, equipment procurement, installation, as well as operational and maintenance expenses. The American Feed Industry Association notes that operation and maintenance costs can make up a significant portion of the total investment over the lifetime of a feed mill, accounting for about 50%. Additionally, high capital investments are required for electricity and labor, making them unaffordable for many middle and low-income producers, which serves as a significant constraint on market growth.

Manufacturers of feed processing equipment are introducing groundbreaking technology aimed at improving operations, enhancing efficiency, and gaining a competitive edge in the market. For example, in March 2023, Betagro PCL, a Thailand-based animal food manufacturing company, introduced the Betagro Feed Mill. This innovative facility incorporates IoT technology and automation to optimize feed production. With an annual production capacity exceeding 600,000 tons, it increases Betagro's total feed production capacity by 18%, serving markets such as swine, laying hens, and broilers. The mill features advanced technology, efficient logistics systems, and a commitment to ESG (Environmental, Social, and Governance) principles, including the use of clean energy.

Major companies operating in the feed processing equipment market are at the forefront of innovation, aiming to leverage new technologies for a competitive advantage. For instance, in April 2022, CPM Holdings Inc., a U.S.-based feed processing equipment company, introduced Twin Track technology to enhance the efficiency of wood pellet mills. Twin Track utilizes a patented system with two rollers, each with its own track, to achieve greater energy efficiency by propelling pellets with a single push-per-die revolution. This results in reduced energy consumption and increased pellet production capacity compared to traditional machines. The technology also incorporates a die with 43% more holes, leading to a larger product layer and improved pellet volume.

In April 2022, Marel, an Iceland-based food processing company, completed the acquisition of Wenger Manufacturing for a total of US$540 million. This strategic acquisition positions Marel to invest in promising growth markets that complement their existing portfolio. Wenger Manufacturing is a U.S.-based company specializing in the manufacturing of feed processing equipment.

Major companies operating in the feed processing equipment market include Buhler AG, Clextral, Dinnissen BV, Andritz AG, Bratney Companies, Longchang Machinery, HET Feed Machinery, B.K. Allied Industries, SKIOLD, ZhengChang, Menci, Muyang, Elko Nagel Mecan-Systeme, Tapco, GEA Group AG, Marel hf., Krones AG, Bucher Industries AG, SPX Flow Inc., Wenger Manufacturing Inc., Amandus Kahl GmbH & Co. KG, CPM Holdings Inc., Famsun Co. Ltd., Zhengchang Group, Dinnissen BV, Bratney Companies, Ottevanger Milling Engineers, Van Aarsen International BV, Triott Group BV, Wynveen International BV, Buschhoff GmbH & Co. KG, Stolz SA, B&P Littleford LLC, Hosokawa Micron Group

The Asia-Pacific was the largest region in the feed processing equipment market in 2023. North America was the second largest region in the feed processing equipment market. The regions covered in the feed processing equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the feed processing equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada

The feed processing equipment market consists of sales of hammer mills, fine grinders, air classifiers, pellet mills, and extruders. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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