Feed Mixer Market Size & Share By Sales Revenue, Future Demands, Growth Factors and Emerging Trends Forecast to 2027, Fortune Business Insights

(The Express Wire via Comtex)

The global feed mixer market size is expected to showcase notable growth in the coming years on account of the rising number of animal livestock and dairy farming. This increases the need for nutritious feed for the animals, therefore augmenting this market. A report by Fortune Business Insights, titled,Feed Mixer Market Analysis, Share and Covid-19 Impact Analysis, By Product Type (Vertical and Horizontal), By Portability (Self-Propelled, Pull and stationary), By Capacity (greater than 10 M3, 10 M3-20 M3and >20 M3), By Application (Farms and Feed Factory) and Regional Forecasts, 2020-2027,”states that the market value wasUSD661.1 millionin 2019 and is likely to exhibit a CAGR of3.4%to reachUSD856.9 millionby the end of 2027.

Most of the businesses worldwide are facing significant challenges on account of the lockdown extended for an unknown period, further attributed to the current COVID-19 pandemic. This viral epidemic has not only cost the loss of many lives but has also hampered significant businesses. Some of them can manage meager revenues by adopting the “contactless” options. However, we hope to overcome this problem by abiding by the emergency rules imposed by various governments to cope with this situation.

Fortune Business Insights is offering special reports on various markets impacted by the corona virus pandemic. These reports discuss the impact of COVID-19 on the specific market, current operability and functionality, and prospects which will help investors make strategic decisions accordingly.

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Important Features that are under Offering and Key Highlights of the Market Report:

  • Detailed overview of Feed Mixer Market Share
  • Changing market dynamics of the industry
  • In-depth market segmentation by Type, Application, etc.
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape of Market
  • Strategies of key players and product offerings
  • Potential and niche segments/regions exhibiting promising market growth

Drivers and 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 Feed Mixer 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 mixer 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.

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Segment:

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 31.3% share in 2019 and is likely to gain significant growth in the forecast period.

Regional Analysis-

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 Feed Mixer Market share. This is owing to a rise in the awareness about 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.

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Competitive Landscape-

Players Focusing on Introducing Modern TMR Mixers for Earning Dominance in Market

Most of the players of the global market for feed mixer are engaging in the adoption of TMR mixer technology to gain a significant position in the market competition. The other players are participating in offering quality feed and the use of specialized livestock feeding machines for better revenue generation so they can maintain their position and give a fierce competition to the other players.

Major Industry Developments of the Market include:

September 2018 A new edition of mixer feeders called the Solomix 3 was introduced by the company Trioliet B.V. The Solomix 3 is an upgraded version of the Trioliet 3-auger mixer feeders and was launched to serve cattle farms all over the European region.

Some of the Key Players of this Feed Mixer Market include:

  • Trioliet B.V. (The Netherlands)
  • SILOKING Mayer Maschinenbau GmbH (Germany)
  • Supreme International Limited (Canada)
  • Seko Industries Srl (Italy)
  • DeLaval (Tetra Laval International S.A.) (Sweden)
  • NDEco (Hi-Tec Group company) (Canada)
  • Groupe Anderson (Canada)
  • Schuler Manufacturing (Sandhills Global, Inc.) (U.S.)
  • KUHN NORTH AMERICA, INC. (U.S.)
  • Lachish Industries Ltd. (Israel)
  • Grupo Tatoma (Spain)
  • Faresin Industries Spa (Italy)
  • Other players

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Press Release Distributed by The Express Wire

To view the original version on The Express Wire visit Feed Mixer Market Size & Share By Sales Revenue, Future Demands, Growth Factors and Emerging Trends Forecast to 2027, Fortune Business Insights

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