Opportunities for New Market Entrants in Feed Processing Market

Attractive Opportunities in the Feed Processing Market

(EMAILWIRE.COM, February 10, 2020 ) The feed processing market is estimated at USD 21.61 billion in 2018, and is projected to grow at a CAGR of 4.3%, to reach USD 26.62 billion by 2023. The feed processing market is driven by in the rising demand for feed around the world, technological advancements in the equipment industry, customized services, and the growth in awareness regarding feed nutrition and health.

The Asia Pacific region is projected to be the largest market for feed processing during the forecast period. According to the Population Reference Bureau, the fastest-growing consumer markets of China, India, and other Asia Pacific countries had a combined population exceeding 6 billion people (as of 2017), which is projected to become an increasingly important driver for the growth of the global livestock adoption; this is propelling the high-quality livestock feed market in the region and is consequently driving the feed processing market growth. Other drivers that would have a positive impact on this market are the increasing household incomes and the growing middle-class population.

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Market consolidation is one of the major restraints for the feed processing market. The feed industry has also been experiencing the same, which has a relative effect on the feed processing industry. In March 2016, Bühler acquired Mill Technology Co. (US), a manufacturer of duty hammer mills and related products that are sold primarily to the feed, pet food, and grain & oilseed processing sectors. This acquisition establishes Buhler’s strong commitment to the North American feed, grain, and oilseed processing markets, through investments in innovative technology.

Based on type, the testing & analysis segment is projected to grow at the highest CAGR from 2018 to 2023. The need for feed safety testing was generated to ensure that the feed is safe and contains no harmful chemicals. 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.

Based on the form of feed, the pellets segment is projected to grow at the highest CAGR during the forecast period. Pelleting is one of the crucial and important processes in feed processing, to mold feed material into the shape of a pellet. 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.

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Based on livestock, the swine segment is projected to grow at a higher CAGR through 2023, making it a key revenue pocket for the feed processing industry. Swine experience various physical, physiological, and behavioral changes during its lifespan, which may lead to decreased feed intake and extreme weight loss. An increase in the demand for swine feed products in various forms such as pellets, mash, and crumbles, is one of the main factors driving the feed processing market growth in the North American countries.

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