Throughout the estimated time frame, the Fish Feed Pellet Making Machine Market is anticipated to exhibit a CAGR of 5.6%. The market is set to be valued at USD 2,167.9 million by the end of 2033 from USD 1,257.2 million that is likely to be registered in 2023.
At the end of 2022, the market is likely to be supplemented to a valuation of nearly USD 1,190.5 million. In 2023, it is anticipated to rise by a year-on-year growth rate of 4.3%.
A fish feed pellet making machine is a device that is used to create pellets from powdered fish food. This type of machine is often used by commercial fish farmers to create a consistent and nutritious diet for their fish.
Pellets created by a fish feed pellet making machine are usually much smaller than those pellets made by other types of machines such as livestock feeders.
The process of making pellets with a fish feed pellet making machine is relatively simple. First, the powdery fish food is placed into the machine. Then water or another liquid is added to the mixture in order to bind the ingredients together.
Next, the mixture is compressed and formed into small pellets. Finally, the pellets are dried in order to extend their shelf life.
Emergence of organic farming is anticipated to drive the market. Organic fish production focuses on genetically modified, as well as chemical-free pesticides and products. At the same time, it ensures animal welfare by lowering stocking density.
Adoption of organic fish feed enables companies to raise aquatic animals in a humane way. Increasing shift of buyers towards organic food and beverages is encouraging key companies to surge their production of organic feed.
In February 2022, for instance, Taiyo Feed Mill Pvt Ltd, a Chennai-based fish feed exporting and manufacturing company, introduced its turtles and fish foods named BUGS IN based on insects.
The product contains antioxidants and high-quality protein that would help in maintaining the overall health and immune system of fish and turtles. Similar product developments by renowned companies are projected to drive the global market in the next ten years.
| Attributes | Key Insights |
|---|---|
| Global Fish Feed Pellet Making Machine Market Estimated Size (2023E) | USD 1,257.2 million |
| Projected Market Valuation (2033F) | USD 2,167.9 million |
| Value-based CAGR (2023 to 2033) | 5.6% |
| Collective Value Share: Top 3 Countries | 35.8% |
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The global market for fish feed pellet making machines exhibited a modest CAGR of nearly 4.3% during the historical period from 2018 to 2022. The market is projected to reach USD 1,190.5 million by the end of 2022 from a valuation of USD 1,006.0 million in 2018.
Growing demand for fish and other seafood is one of the key drivers of the fish feed pellet making machine market. Ever-rising population and their changing dietary habits are resulting in an increased demand for fish and other seafood products. This, in turn, is fueling growth in the global market.
Apart from that, increasing awareness about numerous health benefits associated with the consumption of fish is contributing to growth in this market.
Fish is a rich source of omega-3 fatty acids, which are known to have several health benefits such as reducing the risk of heart diseases & stroke, improving cognitive function, and reducing inflammation. Owing to the above-mentioned factors, the market for fish feed pellet making machines is projected to surge at a robust pace in the next ten years.
Government Support to Expand Fish Farming Worldwide Will Drive Sales
Ongoing expansion of fish production companies and presence of a robust distribution network of these companies are projected to drive sales in the global fish feed pellet making machine market. Surging trade of seafood owing to rising fish consumption in various parts of the globe is another crucial factor that would push sales.
Furthermore, government agencies are set to take numerous initiatives to encourage fishermen to generate more income with high fish farming. In September 2020, for instance, the government of India launched the Pradhan Mantri Matsya Sampada Yojana (PMMSY). It aims to double the income of fishers, as well as fish farmers in the country.
Growing Demand for Aquaculture in the USA to Spur Sales of Floating Fish Feed Pellet Machines
The market for fish feed pellet making machines is developing rapidly in the North America. This growth is attributed to increasing demand for aquaculture across the USA The fish feed pellet making machine industry receives nearly 35.8% of its total income from the USA, finds FMI.
High demand for aquaculture products and surging livestock population in the country are estimated to drive the global market. In addition, growing awareness about quality food items would propel sales in the USA.
High Demand for Seafood in Germany to Fuel the Need for Fish Food Making Machines
In recent years, demand for fish feed pellet making machines has increased in the Europe. This is mainly due to the growing popularity of aquaculture and the need for more efficient & cost-effective ways to produce fish feed across Germany.
Other key drivers include increasing demand for fish & seafood, expansion of the aquaculture industry, and need for highly efficient fish feed production processes. Aquaculture is set to be a rapidly growing industry in Germany. As per FMI’s report, the country is expected to account for a market share of 25.3%, whereas the United Kingdom would showcase a CAGR of 6.6% over the projection period.
Practice of Contract Farming in India and China to Drive Demand for Fish Food Pellet Machines
The market for fish feed pellet making machines is expanding rapidly in Asia Pacific. Rising practice of contract farming across India and China where farmers are provided with fish seeds and aquafeed required for the growth of aquaculture is likely to bolster sales during the evaluation period.
FMI predicts that India and China are set to witness steady growth at CAGRs of 6.3% and 6.1%, respectively, during the forecast period. Japan, on the other hand, is likely to generate a moderate share of about 4.1% in Asia Pacific.
Ring Die Fish Pellet Making Machines to Witness High Demand with Their Life Extending Property
Based on type, sales of ring die pellet mills are projected to grow at an exponential rate during the evaluation period. These mills are extensively used to produce pellets from biomass materials.
They are characterized by their ring-shaped die, which are often stationary. They consist of pressurizing devices and rollers that rotate during operation. Ring die pellet mills are generally more efficient and have higher capacity than flat die pellet mills.
Moreover, ring die pellet mills are used to produce pellets from a wide variety of biomass materials, including wood, straw, and paper. These mills are mainly designed to create pellets of uniform size and density. Ring die pellet mills also have several advantages over other types of pellet mills.
One advantage is that they can produce high volumes of pellets with a consistent quality. Another advantage is that they can be easily equipped with an automatic lubrication system, which can extend the life of the mill.
Flat die pellet mills, on the other hand, use a flat die with slots to press the biomass material to create pellets. The main advantage of this type of pellet mill is that it is much simpler in design than ring die pellet mills, and therefore less expensive.
Flat die pellet mill also has few disadvantages when compared to the ring die pellet mill. One such disadvantage is that it can only process a limited amount of biomass material at one time.
This means that if an individual want to produce large quantities of pellets, they will need multiple flat die pellet mills. Another disadvantage is that pellets produced by a flat die pellet mill are not as consistent in size and shape as those produced by a ring die pellet mill.
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The global fish feed pellet making machine industry is highly competitive owing to the presence leading players. Few of the key players in the market are striving to gain a competitive edge over their rivals by investing in research & development and expanding their product portfolios.
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 hold a significant share in the market owing to their strong brand equity, efficient distribution network, and advanced manufacturing facilities.
For instance,
| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 1,257.2 million |
| Projected Market Valuation (2033) | USD 2,167.9 million |
| Value-based CAGR (2023 to 2033) | 5.6% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Value (USD million) |
| Key Regions Covered | North America; Europe; Asia Pacific; Latin America; The Middle East and Africa |
| Key Countries Covered | USA, Canada, Mexico, Germany, United Kingdom, France, Russia, Brazil, Argentina, Japan, Australia, China, India |
| Key Segments Covered | Type, Application, Sales Channel, Region |
| Key Companies Profiled | CPM Asia; Andritz Group; Buhler AG; Salmco Ltd.; Zhengchang Group; LIMA Machinery; Darin; Jinan Baimai Haiyuan Extrusion Machinery; Sunspring Machinery |
| Report Coverage | DROT Analysis, Market Forecast, Company Share Analysis, Market Dynamics and Challenges, Competitive Landscape, and Strategic Growth Initiatives |
The fish feed pellet making machine market is valued at USD 1,257.2 million in 2023.
The growth potential of the market is 5.6% CAGR by 2033.
The market is estimated to reach USD 2,167.9 million in 2033.
From 2018 to 2022, the market registered a CAGR of 4.3%.
CPM Asia, Andritz Group, Buhler AG are the leading market players.
| Estimated Market Size (2024E) | USD 5,633.5 million |
|---|---|
| Projected Industry Value (2034F) | USD 8,698.7 million |
| Value-based CAGR (2024 to 2034) | 4.4% |
| Market Size Value in 2023 | USD 116,480 million |
|---|---|
| Market Forecast Value in 2033 | USD 163,530 million |
| Growth Rate (2023 to 2033) | 3.5% CAGR |
| Market CAGR (2023 to 2033) | 5% |
|---|---|
| Market Valuation (2023) | USD 1.4 billion |
| Market Valuation (2033) | USD 16.7 billion |
| Market Value in 2022 | USD 6.8 Billion |
|---|---|
| Market Value in 2032 | USD 12.2 Billion |
| Growth Rate (2022 to 2032) | 6.0% |
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