Feed Processing Machinery Market - Growth, Trends And Forecast (2020 - 2025)
|出版商||Mordor Intelligence Pvt Ltd||商品編碼||392239|
|出版日期||內容資訊||英文 109 Pages
|飼料加工機器的全球市場:成長，趨勢，及預測(2019年∼2024年) Feed Processing Machinery Market - Growth, Trends And Forecast (2020 - 2025)|
|出版日期: 2020年04月01日||內容資訊: 英文 109 Pages||
The Global Feed Processing Machinery Market is projected to register a CAGR of 4.5% during the forecast period, 2019-2024.
Increasing Demand For High Quality Feed From Aquaculture Industry
The rise of aquaculture has attracted a great deal of attention among the aquafeed manufacturers, globally. For the aquaculture sector to maintain its current growth rate, the supply of nutrient and feed inputs may have to grow at a similar rate, while the production of aquatic ingredients remains static and other sectors are competing for the same feed resources. However, the steady growth of aquaculture and the demand for more feed, especially for tilapia and catfish, sparked the interest among most of the small scale producers to process their own feeds, rather than purchasing a complete fish feed. This, in turn, is encouraging small scale farmers to install feed processing machinery. The rise in compound feed costs and the rising awareness among farmers regarding the benefits associated with feed processing equipment are boosting the demand for feed processing machinery in the country.
Asia Pacific Dominates the Global Market
The Asia Pacific is leading the market with the presence of the highest number of feed manufacturers and machinery suppliers. China remains top feed producer and user of feed processing machinery due to an increase in economic growth and rapid urbanization. The major driver for the market is increasing the concentration of domestic feed processing machinery companies, innovation in technology, government subsidies for mechanization as a result of the growing population. China's commercial feed processing machinery industry plays a critical role in supporting the growth of the country's livestock sector and creating export opportunities for other countries. The Chinese feed industry experienced a minor blip in the year 2019 on account of the widespread influence of African Swine Fever (ASF). However, the feed production is expected to be back on track over the forecast period.
The feed processing machinery market is highly consolidated, with major players accounting for 59.8% of the market share. Most of the major companies in the market are concentrating on developing single screw extruders, which are mostly used in aquatic feed. Major players in the market are focusing on partnerships and mergers, to achieve a competitive edge over other market players. For instance, in 2017, Schutte-Buffalo and MUNCH-Edelstahl GmbH announced the partnership, which aided the expansion of their product offerings. Globally, the majority of the aquafeed and animal feed milling systems used by the leading companies are produced by Buhler Inc. The company adopts strategies, such as maintenance contracts, customized service packs, training opportunities, and repairs