Feed Mill Machine and Equipment Market

Feed Mill Machine and Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027

Feed Mill Machine and Equipment: Introduction

Feed mill machine and equipment are required to make poultry or animal feed pellets and they help in raw material receiving, batching, grinding, pelleting, mixing, sifting, cooling, packaging, and storing.

Key Drivers of the Global Feed Mill Machine and Equipment Market

Rising trend of aquaculture is expected to boost the market in the coming years. Growing need for high quality feed from aquaculture and livestock industry is expected to have a positive impact on product demand.
Rising number of livestock farms in developing countries such as India, Mexico, Brazil, and China is anticipated to create new avenues in the feed mill machine and equipment market.

Rising Awareness among Farmers about Benefits of Feed Processing Equipment Creates New Market Opportunities

Increasing awareness about the benefits of processing machinery and equipment among farmers is likely to create a new avenue of market growth. Furthermore, rising investment by farmers to increase their overall sales volume is expected to indirectly impact the growth of the feed processing machine and equipment market.

Volatility in Raw Material Cost to Hamper the Global Feed Mill Machine and Equipment Market

Volatility in raw material cost in machine manufacturing is expected to be a market restraint. It has been observed that average cost of raw material of feed machines such as steel and aluminum is volatile at the global level which may hamper the market growth.

Asia Pacific the Dominant Market for Feed Mill Machines and Equipment

Asia Pacific was the largest feed mill machine and equipment market in 2018. Majority of small and large scale players have strong presence in this region to cater to this market. Innovative technologies coupled with favorable government policies to boost agriculture is driving the market growth. China is the largest producer of feed mill machines and equipment in this region. Increasing developments in the livestock sector in the country coupled with high export opportunity of this product is driving market growth.
North America is the second largest market followed by Europe in the feed mill machine and equipment market. High investment in product development in North America is fueling market growth. Key feed processing companies of this region are involved in the processing and production of different livestock products.

Key Players Operating in the Global Market

The global feed mill machine and equipment market is slightly fragmented in nature. Majority of manufacturers are working on the development of single screw extruders as a result of its extensive usage in aquatic feed. Furthermore, key market participants are signing strategic partnerships and taking strategic merger and acquisition decisions to increase their global market reach. For instance, in 2017, MÜNCH-Edelstahl GmbH and Schutte-Buffalo signed a partnership to increase their product offering at the global level. Moreover, feed mill machine and equipment companies are investing in infrastructure improvement to compete in the market. A few of the key players operating in the global feed mill machine and equipment market are listed below: