Feed Mill Market REPORT OVERVIEW
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The global feed mill market size was USD 853.9 million in 2022 and is projected to touch USD 1153.71 million by 2031, at a CAGR of 3.4% during the forecast period.
Feed mill is a site in which animal feed or grain intended for livestock is stored and packaged for shipment. In which also the animal food, premixes, supplements and concentrates are prepared for the animal consumption as it consists of grain, grain products, alfalfa and other ingredients that are supplied to the animals.
Classification of feed mill are, hammer mills, roller mills, pellet mills, flaking mills, out of these the most globally used is hammer mills. In this type of mill, there is a presence of little hammers which functions by throwing repeated blows, eventually leading up to the crushing and grinding of aggregate materials.
COVID-19 Impact: Disarray of Production and Sales Causing Impediment of Sales
The unprecedented spread of COVID-19, had dreadfully affected the mill sector and its products. Impacts were seen as a decline in the production values was recorded, because of the unexpected closing and stoppage of the manufacturing centers. Furthermore, new government implications were established upon transportation. Supply of the feed was forced to show a decrease in numbers as border regulations from country to country were high. Additionally, as COVID-19 continued to spread, dining out and the closure of schools, colleges, hotels and offices was forbidden. So the demand of meat products such as eggs, milk were not as its peak which eventually negatively affected the consumption of meat and in turn, harmed the production of feed.
LATEST TRENDS
"Spike in Demand for Sustainable Feed to be a Prominent Trend"
The new sustainable type of feed is being demanded at higher levels by the feed mill markets producers as a new concern has risen, regarding the origin of some ingredients and the way it is being produced. This factor can play a role in the environmental impact of the animals, because in the production of feed and the whole manufacturing process can affect the surrounding environment such as trees and smaller animals. The main aim is redirected towards on reducing and emitting fewer pollutants during the production and manufacturing of the feed.
This factor is being implicated as a topic of concern as post COVID-19, the mill markets revival has seen a gigantic spike in the demand, due to the uplifting of transport restrictions and reopening of hotels, restaurants, malls, offices. To be socially responsible and keeping up with current demand and supply of feed from feed mills, a spike in demand for a more sustainable feed has been recorded as, this will boost the product demand in the market contributing towards the market share globally.
Feed Mill Market SEGMENTATION
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- By Type
Based on type; Hammer mills, roller mills, pellet mills, flaking mills.
Hammer mills is the leading part of the type segment.
- By Application
Based on application; Animal feed, aqua feed, pet feed.
Animal feed is the leading part of the application segment.
DRIVING FACTORS
"Growth Spurt in Animal Population and Demand for Meat to Augment Growth"
A steadily increasing animal population helps to balance out the increasing demand for meat products. Furthermore, animals have a crucial role economically and socially as, globally countless farmers have an income solely depending through their livestock. The feed mill market share provides most of the global food protein supply, through changes in diets, positive fluctuations of income levels and constant human population growth have led a steadfast increase in demand value for meat products.
"Priorities on Animal Health and Nutrition to Boost Market Growth"
Most nations are focused on improving the overall health status of the farm animals, as it leads to be the meat to be more sustainable and reliable. This new focus has been implemented, because since these animals are extremely vital in the process of elimination of hunger, safer food productions and people maintaining a good health. Furthermore, from healthier animals comes better quality of meat which eventually becomes more recognized in the eyes of the customers and leading to more sales in the mill market. Productive and efficient approaches towards the animal health, would help reduce the greenhouse effect as with proper nutrition to the animals a reduction would be caused in the levels of the greenhouse gases emissions. Hence, priorities towards animal health and nutrition creates surges of demand eventually boosting the feed mill market growth.
RESTRAINING FACTORS
"Alternating Raw Material Prices Restricting Market Growth"
The main factor which impacts the feed mill is the constant changes in the raw material prices. As the type and quantity of feed used for the animals, largely relies upon the cost as the nutritional value. The weather factor is unreliable, and has a huge impact on the production, costing and availability of raw materials such as corn, soya bean and others. Market growth gets restricted as the variations of prices of these raw materials are in direct correlation with, the changes in production and consumption of animals and their meat products.
Feed Mill Market REGIONAL INSIGHTS
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Asia Pacific is the leading region of feed mill consumption market globally in the recent years, and is expected to continue to dominate as the leading consumer of feed in the foreseeable future. Asia Pacific accounts for the highest animal production and hand in hand with the, high meat consumption value as in this region high incomes levels are the reason for this region to hold this dominance over others. Furthermore, this high growth in consumption is recorded because of the inbreeding of local dairy and meat, which results in high feed consumption.
KEY INDUSTRY PLAYERS
"Companies Focusing on Globalization to Improve Market Position"
The feed mill industry is led by key industry players who hold the largest share percentage in the global market. Some companies are looking to expand their geographical footprint, through opening up franchise, acquisitions and partnerships to increase and improve their market position and value. While concentrating on developing cost efficient nutritional feed products.
List of Market Players Profiled
- Bühler (Switzerland)
- CPM (U.S.)
- ANDRITZ Group (Austria)
- Clextral (France)
- Alvan Blanch (U.K.)
- Van Aarsen International (Netherlands)
- Bliss Industries (Gujarat)
- Anderson Feed Technology (U.S.)
- Buschhoff (U.K.)
- Fragola S.p.a (Italy)
- BRATNEY (U.S.)
- Wynveen International (Netherlands)
- SKIOLD (France)
- Alapala (Istanbul)
- RomiLL (Czechia)
- Nipere Oy (Finland)
- Amandus Kahl (Germany)
- Ottevanger Milling Engineers (Netherlands)
- Shanghai Zhengchang (Shanghai)
- Henan LOCHAMP (China)
INDUSTRY DEVELOPMENT
December 2020: Companies BASF and Adifo software cooperated in a partnership to generate a digital solution Opteinics. Created with a BESTMIX feed formulation software, which enables BASF to utilize the feed in a more efficient and sustainable way for animal protein production.
REPORT COVERAGE
The report covers and provides detailed analysis of the market and emphasizes on key industry players, feed types, applications and important sources of the product. It also focuses upon the latest market trends and industry developments, in addition to the important factors that have played a role to the markets growth.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 853.9 Million in 2022 |
Market Size Value By |
US$ 1153.71 Million by 2031 |
Growth Rate |
CAGR of 3.4% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the feed mill market expected to touch by 2031?
The feed mill market is expected to touch USD 1153.71 million by 2031.
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What CAGR is the feed mill market expected to exhibit by 2031?
The CAGR is expected to touch 3.4% by 2031
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Which are the driving factors of the feed mill market?
Growth Spurt in Animal Population and Demand for Meat to Augment Growth and Priorities on Animal Health and Nutrition
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Which are the top companies operating in the feed mill market?
Top companies operating in the feed mill market are CPM, ANDRITZ Group, Anderson Feed Technology, Bühler, Amandus Kahl