The feed pelletizing agents market is being driven by several factors, including the increasing demand for high-quality animal feed, the growing consumption of meat products, and the rapidly expanding global population. With more people around the global consuming animal protein, there is a greater need for high-quality animal feed to support animal growth and production. As a result, this market is expected to continue to grow as manufacturers seek to meet this increasing demand.
Furthermore, as the global population continues to grow, there is likely to be a corresponding increase in demand for animal feed, as more people around the global seek to consume meat products. This is particularly true in emerging markets such as China and India, where rising levels of disposable income are driving demand for higher-quality meat and dairy products. In addition, the ease of handling and transportation provided by feed pellets is aiding the growth of the market. Pellets are easier to store and transport than loose feed, which makes them more convenient and cost-effective for farmers and producers. This has led to increased adoption of feed pellets and is expected to continue driving growth in the market. In addition, the market is also being influenced by trends towards sustainability and natural feed additives, as well as the adoption of new technologies and production methods that improve efficiency and accuracy in the pelletizing process. Therefore, the feed pelletizing agents market is poised for further growth, driven by the increasing demand for high-quality animal feed, the growing population, and the convenience and cost-effectiveness of pellets. Manufacturers that can offer innovative solutions and formulations that meet the changing needs of the animal feed industry are well-positioned to benefit from this growth.
Rising government initiatives and support policies are expected to play a crucial role in driving the growth of the feed pelletizing agents market. For instance, In the U.S., the government has implemented the Biomass Crop Assistance Program, which provides financial assistance to farmers and forest landowners for growing and producing biomass feedstocks, including feed pellets. The program aims to promote the production of renewable energy and reduce greenhouse gas emissions. The European Union's Common Agricultural Policy (CAP) provides funding to support sustainable agriculture practices, including the use of feed pelletizing agents that reduce the environmental impact of livestock farming. The CAP also supports the development of new feed pelletizing agents that are more efficient and eco-friendly. In India, the government has launched the Rashtriya Krishi Vikas Yojana, which provides financial assistance to farmers for the purchase of these, as well as the development and adoption of new feed pelletizing technologies. The program aims to improve the productivity and profitability of livestock farming in the country. The increasing demand for meat, milk, and other animal products, coupled with the need to improve feed efficiency and reduce environmental impact, is driving the demand for these. In addition, the development of new feed pelletizing agents that are more efficient and eco-friendly is expected to create new opportunities for market growth.
Increasing costs of raw material such as corn, soybean, and other cereals, has been increasing in recent years, which has impacted the production cost of feed pellets. This could lead to higher prices of feed pellets, reducing their demand in the market. Moreover, stringent government regulations and other competition from other feed additives such as amino acids, probiotics, and enzymes, can impact on the growth of the feed pelletizing agents market. In response to concerns about greenhouse gas emissions and animal waste, some governments and consumers are promoting plant-based diets and reducing meat consumption. This trend could lead to a decline in the demand for animal feed and feed pelletizing agents, reducing the growth of the market. For example, in 2020, the European Parliament adopted a resolution calling for a reduction in meat consumption to reduce greenhouse gas emissions and improve public health. However, the increasing demand for meat and other animal products, coupled with the need to improve feed efficiency and reduce environmental impact, is expected to drive the growth of the market despite these challenges. The development of new feed pelletizing agents that are more efficient and eco-friendly is also expected to create new opportunities for market growth.
By category: It is categorized into natural and conventional. The natural feed pelletizing agents segment is expected to grow at a faster rate than the conventional feed pelletizing agents segment. This is due to the increasing demand for natural and organic animal feed products, as well as concerns over the use of synthetic chemicals in the feed production process. Natural pelletizing agents are derived from plant or animal sources and may include substances like lignin, hemicellulose, or starch. Conventional pelletizing agents, are typically synthetic and may contain various chemical compounds.
By livestock: It is divided into poultry, ruminant, swine, aquaculture, and others. The poultry segment is the dominant market, followed by swine, ruminant, and aquaculture. This growth is driven by the increasing demand for poultry products and the benefits of using the pelletized feed, such as improved feed conversion rates and reduced feed wastage. Moreover, aquaculture is the fastest-growing market for this market. This growth is driven by the increasing demand for fish and other seafood products, as well as the benefits of using the pelletized feed in aquaculture, such as improved feed conversion rates and reduced environmental impact.
By region: In terms of regional demand, North America holds the largest share of the global feed pelletizing agents market. The dominance of the North American market can be attributed to several factors including a well-established animal feed industry, with a large number of livestock farms and animal feed manufacturers, and a growing demand for high-quality animal feed in the region. In addition, feed pelletizing agents play a crucial role in improving the nutritional quality of animal feed, which has driven the growth of the market in the region. Furthermore, North America has a well-developed regulatory environment, which ensures the safety and quality of animal feed. This has boosted consumer confidence in the quality of animal feed products, further driving demand for feed pelletizing agents.
Moreover, Asia-Pacific is the largest and fastest-growing market for feed pelletizing agents, driven by the increasing demand for animal-based products, rising awareness of animal nutrition, and the growing animal feed industry in countries such as China and India, The increasing demand for animal protein in the Asia-Pacific region, coupled with a growing population, has put pressure on farmers to increase animal production. As a result, there has been a shift towards industrial feed production, which can help farmers achieve significant results in terms of feed intake and animal performance. China and India are the leading markets in meat production. According to the food and agriculture organization, in 2020, China produced 99.6 million tons, while India produced 6.5 million tons.
Competitive analysis and profiles of the major players in the feed pelletizing agents market, such as Addisseo SAS, Archer Daniels Midland Company, Alltech, BASF SE, Uniscope Inc., Bentonite Performance Minerals LLC, Borregaard Ligo Tech, Cargill incorporated, Cra-Vac Industries Inc., Dow AgroScience LLC, Kemin Industries Inc., KWS SAAT SE, and Monsanto Co.
Feed Pelletizing Agents Market Report Highlights
Key Market Players
Cargill Incorporated, Bentonite Performance Minerals LLC, Adisseo SAS, AllTech, BASF SE, Kemin Industries Inc, Uniscope Inc., Cra-Vac Industries Inc., Borregaard LignoTech, Archer Daniels Midland Company