[Market Report] Global Animal Feed Market Outlook
It is prospected that global feed processing market was valued at USD 21,34 billion in 2019 and is projected to reach USD 26,50 billion by 2027, growing at a CAGR of 3.92% from 2020 to 2027. The Feed Processing Market report prepared by Market Data Forecast also supports the growth expectation in question. According to the report; feed processing market was at USD 20.86 billion in 2021 and is anticipated to reach over USD 26.62 billion, rising at a CAGR of 4.4% in the following years.
Market Analysis to Start Animal Feed Production Business
According to animal feed market research reports, the surge in demand and consumption of livestock products such as meat, dairy, milk products and eggs is expected to drive the demand for feed of animal farms. And, global meat production is expected to grow by 16% by 2025. Poultry meat is a major contributor to global meat production growth due to its high demand, low production costs, and lower product prices in both developing and developed countries. In addition, the adoption of automatic and semi-automatic feed processing equipment is expected to increase in the coming years due to the growing demand for feed. Rapid feed processing is expected to drive the market growth in the coming years.
Analysis by Animal Type
Animal Feed Market Analysis by Animal Type
The feed market is also segmented on the basis of human demand for animals into poultry and livestock. The poultry meat market, on the other hand, has held the largest market share in the past three years. Poultry meat is one of the markets with the highest market share for pork, beef and fish. Therefore, a major opportunity lies in the poultry feed sector. Manufacturers are investing heavily in developing innovative feed equipment technologies for the production of various forms of high-quality poultry feed. The poultry feed production process is generally divided into steps such as receiving and cleaning of finished feed materials, crushing of raw materials, batching, mixing, pelletizing and packaging.
Analysis by Animal Feed Types
Animal Feed Market Analysis by Feed Types
Based on the form of feed, the market is divided into pellets, feeds and others. According to the survey, pelleted feed has held the largest market share in the past two years. The demand for feed pelleting is mainly driven by the benefits of pelleted feed such as better feed consumption and increased animal weight. The increasing demand for nutritious feeds has led to a significant increase in pellet production, which is also driving commercial investments in the animal feed pellet processing industry. In addition, reduced waste during feeding, availability of total mixed nutrients in each pellet, improved storage capacity, reduced transportation costs and improved feed handling are some of the benefits driving the adoption of animal pellets. Also, because pelleted feeds have some firmness and a small amount of moisture, they are easier to store, both for farmers who make their own feed and for mills that specialize in making feed.
Analysis by Regions
The processing market on the basis of regional analysis, the global feed processing market is segmented into North America, Europe, Asia Pacific and Rest of the World in the market report. Asia Pacific is expected to hold the largest market share of the feed processing market from 2020-2027, followed by Europe. Asia Pacific is home to several of the world's top 10 feed producing countries, including China, India, and Japan. Asia Pacific maintains a leading position in the global feed processing machinery market due to the presence of leading feed production countries and a large number of feed manufacturers, followed by North America including three countries - the U.S., Mexico, and Canada.
Analysis by Feed Making Operation Mode
Animal Feed Market Analysis by Operation Mode
Based on mode of operation, the global feed processing market has been segmented into manual, semi-automatic, and automatic. According to the survey, manually operated feed machines held the largest market share in 2019. manually operated feed pellet mills are low-priced, supported by multiple power sources, and manually operated feed pellet mills do not require any high technical expertise. However, because of its low output, it is generally used for home or farm use. With the investment trend, semi-automatic and fully-automatic animal feed mills are still the best choice.
Analysis by Feed Making Process
Animal Feed Market Analysis by Makiing Process
Based on the production process of feed, it is divided into with conditioning and without conditioning. According to the survey, conditioned has captured the largest market share in the past three years. This is because many animals are poor digesters of starch, but strong digesters of mature starch. Under the hydrothermal action of tempering, the degree of starch pasting is significantly increased. It also facilitates the thermal denaturation of proteins in the product, and conditioning the food at a certain temperature kills bacteria such as Salmonella and ensures the hygienic quality of the feed.