Feed Processing Machinery Market was valued at USD 24.5 billion in 2023 and is anticipated to reach USD 34.8 billion by 2029, growing at a 9.8% CAGR from 2024 to 2030. Feed processing is the alteration of the physical nature of feed commodities to optimize utilization by the animals and to enhance mixing and stability, requires special machinery to operate and prepare animal feed, it can be used in large amounts of feed production for rabbit duck, cattle, chicken, sheep, pig, and others. Based on function type there are various machinery has been used like pelleting, mixing, grinding, and extrusion. Industrialization of livestock and demand for high-quality feed for aquaculture needs various advanced technology machinery to process feed which drives the market growth.
The rise in livestock population requires high-quality feed processing machines to escalate the demand in the market, and the continuous development in technology creates lucrative opportunities in the market, furthermore, the high cost of maintenance and establishing feed machines require additional costs of operations and development hinders the market growth. The rise in animal livestock demands excellent quality machines, and changes in customer dietary habits need high-quality dairy products to enhance the feed processing equipment which is an ongoing trend in the market. Geographically, North America is the second largest market following Asia Pacific which has the highest market share in the feed processing market and is expected to dominate the global Feed Processing Machinery Market in the forecasted years.
Fastest Growing Market
The increasing livestock market across the world is the major market driver in the Feed Processing Machinery Market during the forecast period. Animal-based livestock is regaining the market, the rural areas to big firms require such machines for food processing, the increasing demand for livestock goods such as milk, meat, and eggs are predicted to accelerate the market growth, the emerging economics region and extreme climatic conditions places are depended on animal-based food products along with aquaculture has indignant the interest of aquafeed manufacturer across the world. Hence, this will drive the global market growth at a significant rate.
The feed processing machinery market size was valued at USD 24.5 billion in 2023
The feed processing machinery market is poised to grow at a significant CAGR of 9.8% from 2024 to 2030
The leading players in the feed processing machinery market are ANDRITZ Feed and Biofuel A/S, B.K. Allied Industries, Bratney Companies, CFC Tech Services, Inc., Dinnissen BV, Elko Nagel Mecan-Systeme GmbH, Famsun, Henan Longchang Machinery Manufacturing Co., Ltd, HET Feed Machinery, Menci & C. S.P.A, Schenck Process Holding GmbH, Shanghai Zhengchang International Mechanical Engineering Co., Ltd., Statec Binder GmbH, and Tapco Inc.