Feed Mixer Market Share, Size, Trends, Industry Analysis Report, By Product Type (Vertical, Horizontal); By Portability (Self-Propelled, Pull, Stationary); By Application (Farms, Feed Factory); By Region; Segment Forecast, 2024 – 2032
- Published Date:Jan-2024
- Pages: 115
- Format: PDF
- Report ID: PM4193
- Base Year: 2023
- Historical Data: 2019-2022
The global feed mixer market was valued at USD 735.63 million in 2023 and is expected to grow at a CAGR of 3.5% during the forecast period.
The widespread adoption of feed mixers as effective equipment for mixing various types of food ingredients in order to create nutritional food with meat and milk ingredients, along with its rising usage by livestock and dairy farms globally to provide high-quality feed for animals and properly mix feedstuffs, are among the prominent factors driving the global market growth. Besides this, the continuous surge in the demand and consumption of meat and milk materials all over the world and greater demand for nutritional feedstuffs across the animal as well as livestock sector is further propelling the adoption of feed mixers at a rapid pace.
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- For instance, according to a report published by the Press Information Bureau, India, total milk production in India was around 30.4 million tonnes in 1979-80 and approx. 51.4 million tonnes in 1989-90, and it has reached over 210 million tonnes in 2020-21 with a growth rate of over 6%. Also, the daily consumption of milk in the country has grown from 107 grams per person in 1970 to 427 grams per person in 2021.
Moreover, there has been a significant increase in the number of favorable government initiatives and strategies to strengthen the trade and business operations of the animal food export sector and better implementation of proactive precision feeding mechanisms for maintaining the long-term feed nutritional value to meet international standards and requirements, which have been propelling the growth of the market over the years.
However, the high cost associated with large and innovative feed mixers that makes a barrier for small farm and dairy owners to install them, coupled with the lack of skilled labor in developing nations to operate such mixers efficiently, are among the primary factors hampering the growth of the market.
Greater demand for nutritional feedstuff and adoption of precise technologies in feeding equipment
As livestock is among the most emerging sectors across various emerging nations like India, China, Indonesia, Malaysia, and others, it creates a substantial demand for feed mixers to meet the mixing needs of feeds and other related stuff for animals. Apart from this, several types of precise technologies in feeding and mixing equipment are gaining traction among farmers worldwide to effectively optimize farm and feed mill management and improve the lifestyles of farmers, which, in turn, creates lucrative growth opportunities for the market in the coming years.
For instance, according to our findings, meat production in India stood at around 9.29 million tons in 2022, with an increase of 5.62% from the previous year. Also, the milk production of the country has surged by 5.29% as compared to the previous year, reaching 221.06 million tons.
The market is primarily segmented based on product type, portability, application, and region.
By Product Type
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By Product Type Analysis
Vertical segment accounted for the largest market share in 2023
The vertical segment accounted for the largest share. This growth is attributable to the easy availability of both large-sized trailer and small-sized trailer mounter mixers and widespread adoption in livestock management, farms, and various feed factories due to their ability to efficiently blend several types of ingredients, which could result in cost savings for farms and farmers.
The horizontal segment is projected to gain a substantial growth rate during the study period, which is mainly attributable to its surging use to blend small quantities of liquids, lipids, and many others, coupled with the incorporation of several new technological advancements in horizontal mixers in terms of innovative features and better work efficiency.
By Portability Analysis
Self-propelled segment held the significant market share in 2023
The self-propelled segment held the majority market share in terms of revenue in 2023, which is majorly driven by numerous benefits and advantageous features associated with self-propelled mixers like offering better nutritional benefits in farms as well as feed factories and allowing farmers to cover wider areas and feed a greater number of animals quickly as compared to other techniques available in the market.
The stationary segment is anticipated to account for considerable market share during the forecast period on account of the rising focus on animal nutrition and the constant increase in the emphasis on providing balanced and high-quality nutritious feed that can be achieved efficiently through these mixing types.
By Application Analysis
Farms segment is expected to witness highest growth during the forecast period
The farms segment is expected to grow at the highest growth rate during the forecast period on account of the increasing adoption of advanced and technologically innovative feed mixers by a large number of farms globally to meet the feed requirements of their livestock to enhance their productivity and health. Apart from this, there has been a drastically shifting consumer preference towards sustainably produced high-quality animal products that encourages farmers to invest heavily in such mixing systems, which are also likely to have a positive impact on segment market growth over the years.
For instance, according to a report published in October 2019, by the Ministry of Fisheries, Animal Husbandry, and Dairying, India, the total livestock population in the country stood at around 535.78 million, which represents an increase of 4.6% as compared to the Livestock Census 2012.
North America region dominated the global market in 2023
The North America region dominated the global market. The regional market growth is mainly accelerated by the region’s quick adoption of various technologically advanced and innovative technologies and higher spending on animal healthcare sectors compared to other regions. Besides this, the population in the region is becoming aware of the benefits associated with high-quality animal feed nutrition. It is willing to spend more on healthy animal nutrition foods, which led to increased adoption of feed mixers and could drive its market growth.
The Asia Pacific region is anticipated to emerge as the fastest growing region, owing to the region’s continuous increase in meal and milk consumption and growing awareness regarding animal welfare coupled with the surge in the number of livestock and animals in countries like China, India, and Indonesia, among others.
For instance, according to a recent study by the National Family Health Survey, the number of meat eaters in India has considerably increased in the last 6 years. The study shows that only 16.6% of men and 29.4% of women have never consumed non-veg, including eggs, in the country.
Key Market Players & Competitive Insights
The feed mixer market is highly fragmented, with the presence of several regional and global market players. Various leading market companies are focusing on introducing new product solutions and technologies and also opting for several business expansion strategies, including strategic alliances, partnerships, collaborations, acquisitions & mergers, and new product launches, in order to cater to emerging product needs and demand globally.
Some of the major players operating in the global market include:
- Bucher Industries AG
- BVL Maschinenfabrik GmbH & Co. KG
- Groupe Anderson
- Grupo Tatoma
- Hi-Tech Industries Inc.
- Kruger GmbH & Co. KG
- Lachish Industries Ltd.
- Lucas G
- Seko Industries S.r.l.
- Siloking Mayer Maschinenbau
- Supreme International Limited
- Tetra Laval International S.A.
- Trioliet B.V.
- Vermeer Corporation
- In October 2021, Silverson Machines announced the launch of its three new laboratory scale mixers, a new version of Silverson Flashmix powder/liquid mixer. The newly launched mixer provides a simple, effective, and hygienic means of powder and liquid mixing on a laboratory scale and is also able to process higher viscosity mixes easily.
- In May 2021, Scott Mixers introduced a new continuous dispersion mixer. It makes powder incorporation and dispersion more efficient and provides better quality while reducing operator error and waste.
Feed Mixer Market Report Scope
Market size value in 2024
USD 759.76 million
Revenue forecast in 2032
USD 1,004.32 million
3.5% from 2024 – 2032
2019 – 2022
2024 – 2032
Revenue in USD million and CAGR from 2024 to 2032
By Product Type, By Portability. By Application, By Region
North America, Europe, Asia Pacific, Latin America; Middle East & Africa
Report customization as per your requirements with respect to countries, region and segmentation.
The global feed mixer market size is expected to reach USD 1,004.32 million by 2032
Key players in the market are Hi-Tech Industries, Supreme International Limited
North America region contribute notably towards the global Feed Mixer Market
The global feed mixer market is expected to grow at a CAGR of 3.5% during the forecast period
The Feed Mixer Market report covering key segments are product type, portability, application, and region