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Feed Mixer Market to Exhibit 3.5% CAGR till 2028; Surging Government Initiatives to Restart Production amid COVID-19 Pandemic will Favor Growth

June 02, 2021 | Machinery & Equipment

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.”


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/feed-mixer-market-103270


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:



  • Supreme International Limited (Alberta, Canada)

  • NDEco (Hi-Tec Group company) (Manitoba, Canada)

  • KUHN NORTH AMERICA, INC. (Wisconsin, U.S.)

  • Trioliet B.V. (Oldenzaal, The Netherlands)

  • Grupo Tatoma (Monzón, Spain)

  • SILOKING Mayer Maschinenbau GmbH (Tittmoning, Germany)

  • Groupe Anderson (Quebec, Canada)

  • Seko Industries Srl (Padua, Italy)

  • Faresin Industries Spa (Veneto, Italy)

  • Lachish Industries Ltd. (Sderot, Israel)

  • Schuler Manufacturing (Sandhills Global, Inc.) (Nebraska, U.S.)

  • DeLaval (Tetra Laval International S.A.) (Tumba, Sweden)

  • ZAGO Srl (Padova, Italy)

  • HIMEL Maschinen GmbH & Co. KG (Melchingen, Germany)

  • Pellon Group OY (Ylihärmä, Finland)

  • JAYLOR INTERNATIONAL (Ontario, Canada)


A Significant Industry Development-



  • September 2018: Trioliet B.V. launched Solomix 3, the company’s new edition of this type of mixer. It aims to help cattle farmers across Europe and is a modernized version of Trioliet 3-auger mixer feeders.


Further Report Findings-



  • In 2020, North America held USD 248.2 million in terms of revenue and is set to dominate in the near future. The increasing acceptance of mechanized feed mixers with total mixed ration (TMR) processors by farmers in Canada and the U.S. to mix good quality feed material is set to contribute to regional growth.

  • The rising investment by renowned companies in the livestock industry in India is expected to aid Asia Pacific to showcase a high CAGR. As per the Ministry of Finance, in the last five years, the livestock sector has developed by 7.9% CAGR.

  • Based on the end-user, the stationary segment earned 31.2% and 31.1% in terms of the market share globally and in India, respectively. This growth is attributable to its ability to provide a time-efficient operational method, which, in turn, would spur its demand in the forthcoming years.


The global market is segmented in the following way:






















































 ATTRIBUTE



  DETAILS



Study Period



  2017 – 2028



Base Year



  2020



Forecast Period



  2021 – 2028



Historical Period



  2017 – 2019



Unit



  Value (USD Million)



Segmentation



  Product Type, Portability, Capacity, Application and Region



By Product Type




  • Vertical

  • Horizontal



By Portability




  • Self-Propelled

  • Pull

  • Stationary



By Capacity




  • <10 M3

  • 10 M3-20 M3

  • >20 M3



By Application




  • Farms

  • Feed Factory



By Region




  • North America (By Product Type, Portability, Capacity, Application and Country)

    • U.S. (By Portability)

    • Canada (By Portability)



  • Europe (By Product Type, Portability, Capacity, Application and Country)

    • Germany (By Portability)

    • U.K. (By Portability)

    • France (By Portability)

    • Spain (By Portability)

    • Italy (By Portability)

    • The Netherlands (By Portability)

    • Rest of Europe



  • Asia Pacific (By Product Type, Portability, Capacity, Application and Country)

    • China (By Portability)

    • India (By Portability)

    • Japan (Portability)

    • Southeast Asia (By Portability)

    • Rest of Asia Pacific



  • The Middle East and Africa (By Product Type, Portability, Capacity, Application and Country)

    • South Africa (By Portability)

    • GCC (By Portability)

    • Rest of Middle East and Africa



  • Latin America (By Product Type, Portability, Capacity, Application and Country)

    • Brazil (By Portability)

    • Mexico (By Portability)

    • Rest of Latin America




 Global Feed Mixer Market
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  • 2020
  • 2017-2019
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