Feed processing Market: Market Outlook
Feed processing is a method used to change the nature of the feed by physically or sometimes chemically and utilize in a processed form in animal diet. Feed processing is the extensive use of grains and vital nutrients that create a balanced diet by adding the new for different –different animals. Processed feed particles are more easily digestible in comparison to whole feed. Processed feed increase the digestion by 5-18%. Wheat .maize, corn, triticale, and sorghum are the common feed used in the livestock industry. The steaming process is more convenient in the feed industry, as it provides the hydration and partial breakdown of the amino acids for easier digestion. Pellet is a more common form of feed available in the market. Feed processing also depends on the type of feed, based on the feed processing start the grinding process. The safety of the animal feed is one of the major concerns during the feed processing to improve to quality of the feed. Feed processing has various methods such as Grinding/crushing, chaffing, soaking, heat treatment/steaming, pelleting, alkali treatment, and other methods that used to increase the nutritive value of feed and fodder.
Higher the consumption of the feed in livestock industry has increased the demand for feed processing in the global market.
Growth in the animal husbandry industry and higher the consumption of feed additive has increase the demand for feed processing in the global market. Higher consumption of meat, advancement in technology and increase the demand for feed in worldwide are the factors that drive the growth of feed processing in the global market. Higher the consumption of livestock product as people has more concern of nutritional wellbeing of animals are also the one of the factor that drive the growth of feed processing market. However, the higher the maintenance cost of equipment is one of the major restrain of the market. Pellet feed is more consume in comparison to any other feed due to its high protein content, easy to digest, and degraded the higher protein in smaller amounts. Pellet is sub segmented in crumbles, flour, mills, and others. The key producers invest in their technology to develop the new device which increases the production and develop the new various type feed in the global market. In the livestock industry, aquaculture has a higher demand for feed in the global market.
On the basis of Type, the feed processing market has been segmented as follows:
On the basis of Form of feed, the feed processing market has been segmented as follows:
On the basis of Mode of operation, the feed processing market has been segmented as follows:
On the basis of Livestock, the feed processing market has been segmented as follows:
Others On the basis of Region, the feed processing market has been segmented as follows:
Global Feed processing Market: Key Players
Some of the key players of Feed processing market are Buhler AG, GEA Group AG, ANDRITZ AG, Clextral S.A.S, Het Feed Machinery, CPM, Bratney Co., Pavan Group, Muyang Group, Dinnissen BV, Henan Longchang Machinery and BK Allied Companies and others.
Opportunities for Market Participants in the Feed processing Market-
Since the demand for processed meat and livestock products growing at a global level, the key participants have also the opportunity in the global feed processing market. The consumption of feed products can boost the high protein requirement among the consumer. This encourages the new manufacturer to increase the production of feed in the global market. Asia Pacific region is the leading player in the feed processing market due to an increase in the demand for meat products, growth in the economy, increased in the disposable and organizing in livestock industry improve the demand for feed processing in the global market. Europe followed by North America are the second leading player in the feed processing industry. Ban in the harmful antibiotics and awareness of protein content among the consumer increases the demand for feed processing in the global market.
COVID-19 Impact on Feed processing Market-
These days widespread COVID-19 is one of the major restrain for the global economy. The number of sectors is highly affected by this pandemic, which creates a condition like the recession in the world. However, feed processing has shown a moderate impact in the global market.