A device used to make pellets from powdered fish food is called a fish feed pellet maker. Commercial fish farmers frequently employ this kind of device to produce a dependable and nourishing diet for their fish.
The market for fish feed pellet making machines is anticipated to cross a valuation of US$ 2,167.9 million in 2033, growing at a CAGR of approximately 5.6% between 2023 and 2033. The market is anticipated to reach US$ 1,257.2 million in 2023.
As per FMI, increasing export of fish and other seafood products from various countries across the globe is likely to drive sales in the market. In emerging economies, international companies are expected to enter for capturing the overall industry.
Moreover, increasing demand for organic farming owing to rising awareness regarding the importance of sustainability, as well as animal welfare is set to augment sales. Thus, fish farmers are practicing organic farming methods to provide chemical free and genetically modified products.
Rising inclination of consumers towards organic food items is projected to compel key manufacturers to expand their production capacity of organic feed. Changing eating habits and lifestyles of consumers in both developed and developing countries are the other factors that would accelerate sales in the market.
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Key Takeaways from the Fish Feed Pellet Making Machine Market Study:
“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.
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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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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Fish Feed Pellet Making Machine Market , Fish Feed Pellet Making Machine Market Share , Fish Feed Pellet Making Machine Market Size
Feb 02, 2023