What is Global Animal Feed Pellet Mills Market?
The Global Animal Feed Pellet Mills Market is a vast and dynamic sector that plays a crucial role in the global economy. This market revolves around the production and distribution of animal feed pellet mills, which are machines used to produce pellets from various raw materials such as corn, soybean meal, straw, grass, and others. These pellets are then used as feed for livestock, poultry, and fish. The market's value was estimated at US$ 740.6 million in 2023 and is projected to reach US$ 1050.8 million by 2030, growing at a CAGR of 5.2% during the forecast period 2024-2030. The growth of this market is driven by the increasing demand for animal protein worldwide, the rise in livestock production, and the need for efficient feed production. Moreover, technological advancements in pellet mill machinery are also contributing to the market's expansion.
Large-scale, Small-scale in the Global Animal Feed Pellet Mills Market:
The Global Animal Feed Pellet Mills Market is segmented into large-scale and small-scale based on the size of the operations. Large-scale operations refer to those that produce a significant volume of animal feed pellets, typically for commercial purposes. These operations often involve sophisticated machinery and technology to ensure high production efficiency and quality. On the other hand, small-scale operations usually produce a lower volume of animal feed pellets and may use simpler machinery. They are often found in rural areas and cater to local livestock farmers. Both large-scale and small-scale operations play a vital role in the market, contributing to its diversity and dynamism. The choice between large-scale and small-scale operations depends on various factors, including the volume of production, the available resources, and the specific needs of the livestock farmers.
Household, Commercial in the Global Animal Feed Pellet Mills Market:
The Global Animal Feed Pellet Mills Market finds its usage in various areas, including household and commercial sectors. In the household sector, these mills are used to produce feed for domestic animals such as pets and small-scale livestock. They provide a cost-effective and efficient way for homeowners to produce their own animal feed, ensuring the quality and nutritional value of the feed. In the commercial sector, animal feed pellet mills are used in large-scale livestock farms, poultry farms, and fish farms. They are crucial in these settings as they allow for the mass production of animal feed, ensuring that the animals' nutritional needs are met. Moreover, commercial operations often require feed with specific formulations to optimize the animals' growth and health, which can be achieved through these mills.
Global Animal Feed Pellet Mills Market Outlook:
The outlook for the Global Animal Feed Pellet Mills Market is promising, with a projected growth rate of 5.2% from 2024 to 2030. This market, which was valued at US$ 740.6 million in 2023, is expected to reach US$ 1050.8 million by 2030. This growth is driven by various factors, including the increasing demand for animal protein, the rise in livestock production, and the need for efficient feed production. In the UK, spending on veterinary and pet services has increased by 54% in just six years, from 2.6bn in 2015 to 4bn in 2021. Furthermore, the global animal health industry is projected to grow by 12% to $38.3 billion in 2021, according to Vetnosis. In China, the pet medical market is valued at about 67.5 billion, accounting for about 22.5% of the entire pet industry, as per the 2022 China Pet Medical Industry White Paper. These trends indicate a positive trajectory for the Global Animal Feed Pellet Mills Market.
| Report Metric | Details |
| Report Name | Animal Feed Pellet Mills Market |
| Accounted market size in 2023 | US$ 740.6 million |
| Forecasted market size in 2030 | US$ 1050.8 million |
| CAGR | 5.2% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | CPM, Fragola, Buskirk Engineering, Bliss Industries, ANDRITZ Group, General Dies, Bühler, La Meccanica |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
