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The global feed mixer market size is projected to grow from USD 698.6 million in 2021 to USD 890.5 million in 2028. The rising focus of manufacturers on silage and unloading technology is likely to help future-oriented dairy farmers in optimizing production and saving costs. As per a report by Fortune Business Insights™, titled, “Feed Mixer Market Size, Share & COVID-19 Impact Analysis, By Product Type (Vertical and Horizontal), By Portability (Self-Propelled, Pull and stationary), By Capacity (<10 M3, 10 M3-20 M3 and >20 M3), By Application (Farms and Feed Factory) and Regional Forecast, 2021-2028,” the market stood at USD 678.6 million in 2020. It is set to exhibit a CAGR of 3.5% during the forecast period between 2021-2028.
Vermeer Corporation Buys Schuler Manufacturing to Offer Novel Equipment in North America
In December 2019, Vermeer Corporation, a manufacturer of industrial and agricultural equipment based in the U.S. bought Schuler Manufacturing to provide a comprehensive suite of feeding, processing, and hay harvesting equipment to ranchers and farmers in North America. As per one of the company officials, “This new acquisition would help us to strengthen our position to constantly launch state-of-the-art feed mixers and other similar products for cattle producers across the entire feeding and hay value stream.”
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Increasing Development of TMR Feed Mixers to Augment Growth
Nowadays, manufacturers are focusing more on producing total mixed ration (TMR) feed mixers that are capable of mixing a wide range of feedstuffs. Kuhn North America, Inc., for instance, provides its line of REEL Auggie Mixer and Commercial REEL Mixers that ensures superior mix quality. The COVID-19 pandemic has also compelled governments of various countries to restart the manufacturing of animal feed. For instance, the European Feed Manufacturers Federation (FEFAC) is continuously working to offer nutritious feeds to the livestock industry for preventing losses. However, the requirement of skilled operators and high maintenance cost may hinder the feed mixer market growth in the upcoming years.
Key Companies Aim to Manufacture Innovative Products to Compete with Their Rivals
The market possesses numerous feed mixer manufacturers that are currently aiming to increase the farm profitability, reduce the overall cost, and make the best quality feed mix for farmers across the globe. To do so, they are investing huge sums in R&D activities, as well as unveiling state-of-the-art products. Groupe Anderson, for instance, has recently designed a pull type twin auger 700 mixer for daily usage.
Fortune Business Insights™ lists out the prominent manufacturers operating in the global market. They are as follows:
A Significant Industry Development-
Further Report Findings-
The global market is segmented in the following way:
2017 – 2028
2021 – 2028
2017 – 2019
Value (USD Million)
Product Type, Portability, Capacity, Application and Region
By Product Type