Escalating Demand for High-quality Feed and Surging Popularity of Precision Feeding Encouraging the Adoption of Feed Mixers Globally
As per Future Market Insights’ latest analysis, the global feed mixer market size is projected to reach USD 789.8 million in 2024. It is set to record a CAGR of 4.3% during the next decade, with total market revenue reaching USD 1205.0 million by 2034. Hen Feed Making Machine
As meat consumption shows no signs of slowing down, the feed mixing equipment industry continues to find new growth opportunities. It will probably grow 1.5 times its current value by 2034 amid surging demand for animal-based products and high-quality animal feed.
Demand remains particularly high for vertical feed mixing equipment owing to their high adoption across small and mid-sized farms and feed companies. The target segment counted for a revenue share of 65% in 2023 and is set to progress at 4.1% CAGR through 2034.
Feed producers are constantly seeking feed mixing equipment that offers optimal efficiency and performance to meet escalating demand for animal feed. Thus, high adoption of feed mixing equipment across the feed industry will boost sales growth.
To capitalize on emerging opportunities and meet the evolving needs of end users, top players are incorporating automation, AI, and IoT in feed mixer equipment. As these technologies have the tendency to improve efficiency and accuracy, they will become key to the industry's future growth.
Market Size and Forecast for Feed Mixers
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Thriving Livestock Sector Creating Growth Prospects for Feed Mixers
The livestock sector is experiencing rapid growth globally due to exploding population and surging demand for dairy, meat, and other livestock products. This, in turn, is creating a high need for efficient feed mixing solutions to ensure better nutrition and growth of livestock.
More and more people are consuming animal proteins to stay fit and healthy. According to the OECD-FAO Agricultural Outlook, global meat protein consumption is estimated to grow 14% by 2030. To meet this demand, farms will need to raise more animals, which necessitates using more efficient feed practices and feed mixing tools.
Farmers are also focusing on improving the health and well-being of their animals. This will further propel feed mixer demand as they ensure consistent, balanced meals, leading to healthier animals.
High Adoption of Innovative Feeding Equipment
Farm mechanization continues to penetrate its roots, especially across nations like India and China. This is anticipated to positively impact the global feed mixer industry during the assessment period.
More and more farms and feed factories are installing advanced feed mixing solutions like automatic ones to enhance productivity and reduce costs. These technologies also allow end users to manage larger herds and meet their feed requirements.
Rise of Precision Animal Nutrition
The growing popularity of precision livestock farming, as well as precision animal nutrition, is setting a new platform for the feed mixing equipment market growth. These novel approaches create a strong demand for efficient feed mixing solutions to allow the proper amount of feed with a suitable composition to be supplied to animals in a timely manner.
Feed mixing equipment is becoming key to precision nutrition, allowing animals to get customized feed mixes that meet their exact requirements. They ensure a homogenous mixture of various feed ingredients, maximizing nutrient intake and reducing waste.
With more and more farmers showing interest in precision feeding, adoption of feed mixing solutions is bound to grow significantly. This will play a key role in boosting market growth during the assessment period.
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The section comprehensively evaluates three interrelated markets: the global feed mixing equipment industry, the vibratory feeder machine market, and the animal feed processing equipment industry. It dissects each market's distinctive characteristics, encompassing their respective CAGRs, while delving into the pivotal factors influencing their growth trajectories.
Global Feed Mixer Market Analysis:
Global Vibratory Feeder Machine Market Forecast:
Global Animal Feed Processing Equipment Industry Analysis:
The table below shows the projected growth rates of the top countries. South Korea and Japan are forecast to record high CAGRs of 6.5% and 5.9%, respectively, through 2034.
The table below highlights key countries’ market revenues. The United States and China are set to remain the top consumers of feed mixing machines, with predicted valuations of USD 214.7 million and USD 188.9 million, respectively, in 2034.
The latest trends predict the United States to remain a key consumer of feed mixing machines, accumulating a total revenue of USD 214.7 million by 2034. Demand in the nation is set to surge at 4.6% CAGR throughout the forecast period.
Several factors are anticipated to propel growth of the market in the United States. These include growing focus on animal health, increasing importance of precision feeding, and high adoption of automated feeding systems to enhance farm productivity.
American farmers have become aware of the importance of animal health for both economic and ethical reasons. As a result, they are widely using advanced feeding systems, including mixers, to ensure that animals receive a consistent and properly mixed diet.
Feed mixing machines have the ability to create a homogenous feed mix, thereby helping farmers provide high-quality, balanced feed to their livestock. Thus, as the awareness regarding animal feed nutrition grows, so will demand for feed mixers.
Escalating demand for animal products, especially meat, in the United States is acting as a catalyst triggering market growth. Meat to Americans is more popular than Taylor Swift and Elvis Presley put together, and there is no end in sight for the meat industry.
According to the United States Department of Agriculture (USDA), the United States had access to 224.6 pounds of poultry and red meat in 2022. Further, beef consumption per capita in the nation reached around 58.8 pounds in 2023. This leads to an increased demand for efficient feed mixing equipment to ensure optimal nutrition and growth of livestock.
The livestock industry in China is witnessing robust growth fueled by surging demand for animal products and a rise in meat exports. To meet this demand, animal and dairy farms are increasingly adopting efficient and reliable feed mixing solutions, thereby boosting sales growth.
As per Future Market Insights’ latest report, sales of feed mixers in China are estimated to grow at 4.9% CAGR during the forecast period. By 2034, China's market size is predicted to reach USD 188.9 million.
End users in China are also inclined towards using advanced feed mixing tools, such as self-propelled models. High adoption of these advanced mixers in the feed mixing process for greater precision, efficiency, and automation will boost market growth.
The Chinese government is also supporting the country’s feed production sector by encouraging the development and adoption of advanced feed mixing technologies. This will bode well for China’s feed mixing machine market.
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The section below offers key insights into leading segments and their respective shares and growth rates. This information can be useful for companies to invest in popular products.
By product type, vertical mixer segment dominates the market and is poised to grow at 4.1% CAGR through 2034. Based on capacity, the 10 to 20 ^3 M category will record a CAGR of 3.8% from 2024 to 2034.
As per the latest report, vertical mixer segment dominated the global industry with a share of 65% in 2023. Over the next ten years, demand for vertical mixers is projected to surge at 4.1% CAGR. This can be attributed to their advantages, like versatility and cost-effectiveness.
Vertical mixers have become workhorses in the agricultural landscape. They are widely used in small farms due to their lower cost, smaller footprint, simple design, and other benefits. This will continue to boost segment growth through 2034.
From small trailer-mounted options to large ones, vertical mixers come in various sizes to suit different farming operations. These mixers are more energy-efficient and require less space, which is improving their popularity.
Surging popularity of vertical mixers, especially across space-constrained environments like small farms or feed factors, will continue to fuel their demand through 2034. On the other hand, horizontal mixers are set to witness significant demand amid their adoption across large farms or factors.
Based on capacity, 10 to 20 ^3 M segment leads the market with a share of 44.0% in 2023. Further, a CAGR of 3.8% has been assigned for the same segment by Future Market Insights’ analysts between 2024 and 2034.
High adoption of mixer machines across medium-sized farms seeking a balance between efficiency and affordability is boosting segment growth. Similarly, growing trend of precision framing will benefit the target segment.
Mid-sized mixers (10 to 20 ^3 M) offer a unique combination of efficiency and practicality for farms. These mixers help farmers improve mixing time and feed quality without investing in much larger mixers.
10 to 20 ^3 M mixers are perfect for implementing TMR (total mixed ratio) feeding systems, ensuring precise nutrient delivery to livestock. Thus, surging demand for consistent, high-quality feed due to automation and big data in agriculture will further boost segment growth.
The global market is becoming competitive due to high presence of regional and domestic players. It offers lucrative opportunities, prompting manufacturers of mixers to invest in product innovation strategies.
Top players are constantly launching new feed mixing equipment to cater to different farm sizes. They are incorporating advanced technologies like precision weighing mechanisms and automated loading/unloading systems in their products to enhance their functionality and efficiency.
Several players are also looking to reduce feed mixing equipment prices to address the initial investment barrier for smaller farms. Similarly, strategies like partnerships, distribution agreements, exhibitions, and acquisitions are becoming popular as companies look to strengthen their presence.
The global market is estimated to be valued at USD 789.8 million in 2024.
Global demand is forecast to surge at a CAGR of 4.3% through 2034.
By 2034, the global market size is forecast to reach USD 1205.0 million.
The target industry registered a CAGR of 6.0% from 2019 to 2023.
The United States is set to record a CAGR of 4.6% through 2034.
Equipment used in feed mills to mix feed ingredients and premixes.
Horizontal mixers consist of a horizontal mixing chamber, usually in the form of trough and or drum.
Vertical mixers are mostly used for poultry and fish feed.
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