The feed processing market will project a compound annual growth rate (CAGR) of 5.10% during the forecast period of 2022-2029.
PUNE, MAHARASHTA, INDIA, June 2, 2022 /EINPresswire.com/ — According to Feed Processing Market – Industry Trends and Forecast to 2029 published by DBMR, the feed processing market will project a compound annual growth rate (CAGR) of 5.10% during the forecast period of 2022-2029. The growing rate of population especially in the developing economies such as China and India, increasing focus on the latest trends in the market, growing application of advanced and modern agricultural and farming practices, high growth in emerging countries coupled with high adoption of innovative technologies, surging demand for treated animal feedstuff due to large population consuming carnivorous diet and increasing industry competitiveness are the major factors attributable to the growth of feed processing market.
Feed processing refers to the process that facilitates the breaking down of the physical nature of the feed commodities to procure their optimum utilization. Food processing improves the quality of the final product obtained by minimizing the loss in the production or manufacturing process.
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Growing awareness about the benefits of feed processing, an increase in the prevalence of diseases and disorders in animals, rising demand for poultry meat owing to its high protein content, and increasing livestock population around the world will emerge as the major factors fostering the growth of the market. Also, surging concerns regarding food safety, surging levels of investment for the development of advanced technology in the equipment industry, the growing rate of industrialization, and rising expenditure for research and development proficiencies in regard to new product launches are other important factors fostering the growth of the market. An increase in the demand and prevalence of customized services will further create lucrative and remunerative growth opportunities for the market.
Global Feed Processing Market Scope and Market Size
The global feed processing market is segmented on the basis of type, livestock, a form of feed, and mode of operation. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of type, the feed processing market is segmented into cleaning and sorting, grinding, mixing, conditioning and expanding, testing and analysis, dosing and batching, pelleting, extrusion, cooling and drying, and others. Others have been further segmented into bagging and warehousing, and bulk storage equipment.
Based on livestock, the feed processing market is segmented into poultry, ruminants, swine, and others. Others have been further segmented into aquatic animals, pets, and equine.
Based on the form of feed, the feed processing market is segmented into pellets, mash, crumbles, and others. Others have been further segmented into cubes, cakes, and liquid.
The feed processing market is also segmented on the basis of mode of operation. The mode of operation is segmented into automatic, semi-automatic, and manual.
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This feed processing market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the feed processing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Competitive Landscape and Feed Processing Market Share Analysis
The global feed processing market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the feeding processing market.
Some of the major players operating in the feed processing market are ANDRITZ, Bühler AG, GEA Group Aktiengesellschaft, Clextral, Jiangsu Muyang Group Co., Ltd., BRATNEY COMPANIES, Dinnissen BV, Henan Longchang Machinery Manufacturing Co., Ltd, B.K. Alled Industries, HET Feed Machinery, Zhengchang, Tapco, Inc., MENCI & C. S.P.A., Chr. Hansen Holding A/S, Lallemand Inc., BASF SE, ADM, Danisco, Novozymes A/S, Dow, DuPont, DSM, and Novus International among others.
However, concerns regarding the availability of raw materials due to the COVID-19 pandemic are a major factor that will pose a major challenge to the growth of the market. Also, fluctuating costs of the raw materials, dearth of awareness, rising need for high capital investment along with market consolidation, and lack of required infrastructure facilities in the underdeveloped economies will further slow down the market growth rate. Also, supply chain disruptions and stringent regulations imposed on the approvals of feed products would hamper the market growth rate.
Feed Processing Market Country Level Analysis
The global feed processing market is analyzed and market size and volume information is provided by country by type, livestock, a form of feed, and mode of operation as referenced above.
The countries covered in the feed processing market report are the U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of the Middle East and Africa(MEA).
The Asia-Pacific region dominates the feed processing market and will continue to flourish its dominance during the forecast period owing to a large number of feed manufacturers in the region. Europe will score the highest growth rate owing to the rising research and development proficiencies and strong distribution network in the region.
The country section of the feed processing market report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import-export analysis, price trend analysis, cost of raw materials, and downstream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
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Article originally published on www.einpresswire.com as Feed Processing Market To Witness A Pronounce Growth Rate 5.10% During 2022 To 2029
originally published at Ag/Farm/Forestry - Social Gov