Feed Pellet Machine Market Size, Share, Competitive Landscape and Trend Analysis Report

According to a new report published by Allied Market Research titled "Feed Pellet Machine Market," the market size for feed pellet machines was valued at $120.20 million in 2021 and is projected to reach $191.9 million by 2031, growing at a CAGR of 4.7% from 2022 to 2031. A feed pelletizing system is a type of biomass molding equipment used to form pellets for products like flour-made cornbread and corn cakes. These machines are commonly used to produce animal feed pellets. Raw materials such as bean pulp, maize, hay, rice husk, straw, wheat stalk, and alfalfa are fed into the machine, where they are pressed into a matrix by a roller. The materials are heated to a high temperature (between 60 and 80 degrees Celsius) due to the high pressure and friction in the matrix, and then pressed into molds to create pellets. After cooling, the pellets become quite strong.

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The rise in meat consumption has increased the need for livestock production, expanding the animal feed pellet machine market share in response to the growing global population, urbanization, and consumer purchasing power. Most feed pellet mills are located in Asia and North America.

Pellets account for around 60% of feed output, and they are more common in Europe. As feed manufacturing requires more advanced feed pellet production equipment, the feed pellet machine industry is expected to grow in the upcoming years. However, the demand for processed foods is decreasing, and the demand for organic food is increasing, which hampers the need for feed pellet machines and restrains market growth.

Additionally, the outbreak of COVID-19 has led to a halt in logistics and manufacturing activities worldwide, interrupting supply chains and hindering the growth of the feed pellet machine market. However, this situation is expected to improve as governments relax norms around the world to resume business activities.

In recent years, there have been significant technological advancements and growth in urbanization, offering ample opportunities for the feed pellet machine market during the forecast period. As pet humanization grows, more than 40% of pet owners currently purchase premium cat or dog food, leading to a need for premium packaging to safeguard and preserve the contents.

Key Findings of the Study

• The report provides an extensive analysis of current and emerging global feed pellet machine market trends and dynamics.
• Depending on capacity, the large segment was the largest revenue generator in 2021.
• By type, the automatic segment generated the highest revenue in 2021.
• Based on end use, the shed segment dominated the market in 2021.
• Regionally, Asia-Pacific is anticipated to dominate the global feed pellet machine market throughout the study period.
• The report includes a comprehensive global feed pellet machine market analysis and forecast from 2021 to 2031

Full Report@ https://www.alliedmarketresearch.com/feed-pallet-machine-market-A16215