The global feed mixer market size stood at USD 661.1 million in 2019 and is expected to reach USD 856.9 million by 2027, exhibiting a CAGR of 3.4% during the forecast period.
The Report Answers the Following Queries:
- What is the nature of the market?
- Who are the significant players of the market, and what are their growth strategies?
- How will unloading technology spur growth in the market?
- What are the current trends prevalent in this market?
Drivers & Restraints-
“Increasing Need for High-Quality Food for Animals to Augment Growth”
The increasing consumption of food products derived from animals such as dairy and meat is propelling the need for more livestock. This acts as a primary driver boosting the global feed mixer market growth. Additionally, the increasing awareness about zoonotic diseases has propelled the need for maintaining animal health and nutrition, thereby aiding to the expansion of the market.
On the negative side, with the growing population, the land used for farming, cattle feeding, and irrigation purposes is getting smaller by the day. Therefore, the decline in the availability of arable land for cattle feeding activities, coupled with the high cost of installing and maintaining equipment for feed mixers is likely to hamper growth in the forecast period.
Nevertheless, the increasing demand for high-quality feed and the adoption of modern techniques of food production and processing such as unloading technology, use of total mixed ration (TMR), and others are expected to create lucrative growth opportunities in the future.
“Self-propelled Segment Emerged Dominant Attributed to Faster Mixing Time”
Based on segmentation by portability, the self-propelled segment gained the largest feed mixer market share on account of the better nutritional and economic benefits it offers as compared to its counterparts. Additionally, it is time-efficient and mixes feed faster than the pull or stationary equipment. However, the stationary segment earned a 31.3% share in 2019 and is likely to gain significant growth in the forecast period.
“In-Range Capacity, between 10 M3- 20 M3 Segment to Witness Significant Growth Owing to Better Mixing Capacity”
The market in the capacity analysis is divided into <10M3, 10 M3 – 20 M3 and >20 M3. Among these, the feed mixing machinery with a capacity of 10 M3 – 20 M3 is expected to grow exponentially in the forecast period, owing to its utilization in vertical as well as horizontal mixers. Additionally, this capacity range allows single auger or double auger knives for better mixing of feedstuffs. The single or double auger design utilizes less horsepower that results in less pressure on working parts of the mixer.
“North America Emerged Dominant Accountable for Increasing Awareness about Animal Nutrition and Health”
Geographically, North America earned revenue of USD 241.7 million in the year 2019 and bagged the largest market share. This is owing to a rise in the awareness about the health and quality of life of livestock. Moreover, the rapid adoption of total mixed ration (TMR) and the other processor equipment for better results will help this region continue dominating the market in the coming years.
On the other side, the market for feed mixer in Asia Pacific is expected to rise significantly on account of the presence of large livestock and increasing awareness about animal welfare.
View Recent Press Release For More Information:- https://www.marketwatch.com/press-release/feed-mixer-market-size-share-and-industry-analysis-2020-by-top-companies-portfolio-future-outlook-latest-trends-revenue-growth-analysis-global-regional-forecast-till-2027-2020-07-26
By Product Type
- <10 M3
- 10 M3-20 M3
- >20 M3
- Feed Factory
- North America (the U.S., and Canada)
- Europe (Germany, U.K., France, Spain, Italy, the Netherlands, and the Rest of Europe)
- Asia Pacific (China, India, Japan, Southeast Asia, and the Rest of Asia Pacific)
- Middle East & Africa (South Africa, GCC, and the Rest of Middle East & Africa)
- Latin America (Brazil, Mexico, and the Rest of Latin America)
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