DUBLIN, March 28, 2018 /PRNewswire/ --
The "Feed Processing Market by Type (Cleaning & Sorting, Grinding, Mixing, Conditioning & Expanding, Dosing & Batching, Pelleting, Extrusion), Mode of Operation, Livestock, Form of Feed, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The feed processing market is estimated at USD 21.61 Billion in 2018 and is projected to reach USD 26.62 Billion by 2023, growing at a CAGR of 4.3% during the forecast period.
The market size of feed processing includes both the valuation of existing feed processing and incremental revenue year-on-year.
The global demand for feed processing is increasing significantly due to in 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.
Based on type, the testing & analysis segment is projected to grow at the highest CAGR from 2018 to 2023. The need to understand the composition of feed was driven by the demand for balanced feed and improved additives from the stakeholders in the feed industry. Several advanced rapid analytical methods and technologies have been developed to conduct a wide range of tests and analyses of animal feed, which include pathogen testing, fat & oil analysis, mycotoxin analysis, nutritional labeling, and pesticide testing.
The pellets segment, by form of feed, accounted for the largest share of the global feed processing market in 2017. Pelleting is subsegmented into pellet mills, pellet crumblers, and others (block presses and feeders). Pellet feed is made from the mash, which is heated and compressed into a pellet, whereas crumbles are mostly made from whole pellets, which are cracked or rolled into a smaller size.
The poultry segment, by livestock, accounted for the largest share of the global feed processing market in 2017. Manufacturers are making significant investments in developing innovative feed equipment technologies for the production of various forms of the highest quality animal feed.
One of the major restraining factors for the growth of the feed processing market is market consolidation. For instance, in December 2017, Pavan Group was acquired by GEA Group AG (Germany) in Italy. This acquisition enabled GEA in extending its technological portfolio by adopting extrusion and milling technologies for processed food and feed products.
Companies such as Andritz (Austria), Buhler (Switzerland), Pavan (Italy), Clextral (France), and Muyang (China) collectively account for a share of more than half of the feed processing market. These companies have a strong presence in Europe and the Rest of the world (RoW). They also have manufacturing facilities across these regions and a strong distribution network.
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Premium Insights
4.1 Attractive Opportunities In The Feed Processing Equipment Market
4.2 Feed Processing Equipment Market Size, By Type, 2018 Vs. 2023
4.3 Feed Processing Equipment Market Size, By Mode Of Operation, 2018 Vs. 2023
4.4 Feed Processing Equipment Market Share, By Livestock, 2018 Vs. 2023
4.5 Feed Processing Equipment Market, By Form Of Feed
4.6 North American Feed Equipment Market, By Type & Country
5. Market Overview
5.2 Market Dynamics
220.127.116.11 Increase In Demand For Feed Around The World
18.104.22.168 Growth In Awareness Regarding Feed Nutrition And Health
22.214.171.124 Technological Advancements In The Equipment Industry And Customized Services
126.96.36.199 Market Consolidation
188.8.131.52 Growth In Demand For Feed Processing Equipment From Developing Economies
184.108.40.206 High Capital Investment In Equipment
6. Feed Processing Equipment, By Type
6.2 Cleaning & Sorting
6.5 Conditioning & Expanding
6.6 Dosing & Batching
6.9 Cooling & Drying
6.10 Testing & Analysis
7. Feed Processing Equipment Market, By Form Of Feed
8. Feed Processing Equipment, By Mode Of Operation
9. Feed Processing Equipment, By Livestock
10. Feed Processing Equipment, By Region
11. Competitive Landscape
11.2 Company Ranking
11.3 Competitive Scenario
12. Company Profiles
- Bk Allied
- Henan Longchang Machinery
- Het Feed Machinery
For more information about this report visit https://www.researchandmarkets.com/research/spjkg8/global_26_6?w=5
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SOURCE Research and Markets