Between 2023 and 2033, the global fish feed pellet making machines market is expected to reach US$ 2,167.9 million, growing at a 5.6% CAGR. By 2023, the market is expected to be worth US$ 1,257.2 million.
Increased exports of fish and other seafood products from various countries around the world are expected to drive market sales, according to FMI. International corporations are expected to enter emerging economies in order to gain a monopoly on the industry.
Furthermore, rising awareness of the importance of sustainability as well as animal welfare is expected to boost sales of organic farming. As a result, fish farmers use organic farming methods to provide chemical-free and genetically modified products.
The growing consumer preference for organic foods is expected to compel key manufacturers to increase their organic feed production capacity. Other factors that would accelerate market sales include changing eating habits and lifestyles of consumers in both developed and developing countries.
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Key Takeaways from the Fish Feed Pellet Making Machine Market Study:
- Top 3 countries in the global fish feed pellet making machine market are projected to generate a share of 8% in the next ten years.
- The global fish feed pellet making machine market is estimated to be valued at US$ 1,190.5 million by the end of 2022 from a valuation of US$ 1,006.0 million in 2018.
- The USA fish feed pellet making machine market is anticipated to generate the lion’s share of nearly 8% by 2033.
- Germany fish feed pellet making machine market is predicted to account for a considerable share of about 3% in Europe during the estimated time frame.
- In Asia Pacific, India is likely to witness moderate growth and exhibit a CAGR of 3% from 2023 to 2033.
“Key companies in the fish feed pellet making machine market are anticipated to invest huge sums in the manufacturing of dry pelleted fish feed. This type of feed is projected to be extensively used for improving digestibility and balance of nutrients for matching specific needs of various fish species,” says a lead analyst at Future Market Insights.
Competition Landscape: Fish Feed Pellet Making Machine Market
Leading players in the fish feed pellet making machine market are CPM Asia, Andritz Group, Buhler AG, Salmco Ltd., and Zhengchang Group among others. These companies are aiming to strengthen their positions in the global market by launching state-of-the-art equipment. A few other players are striving to generate more shares by joining hands with local companies across the globe.
Get Valuable Insights into Fish Feed Pellet Making Machine Market
FMI, in its new offering, provides an unbiased analysis of the fish feed pellet making machine market presenting historical demand data (2018 to 2022) and forecast statistics for the period from (2023 to 2033). The study divulges compelling insights on the demand for fish feed pellet making machine market based on type (ring die pellet mill, flat die pellet mill), by application (small-scale aquaculture, large-scale aquaculture, others), by sales channel (online, offline), and by region (North America, Europe, Asia Pacific, Latin America, the Middle East and Africa).
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Fish Feed Pellet Making Machine Market Outlook by Category
By Type:
- Ring Die Pellet Mill
- Flat Die Pellet Mill
By Application:
- Small-Scale Aquaculture
- Large-Scale Aquaculture
- Others
By Sales Channel:
- Online
- Offline
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
- RoW
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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