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(MoneyNewsWire.Net, May 25, 2018 ) The global Feed Pelletizing Agents market is anticipated to grow at XX% CAGR from 2017 to 2022 and it is estimated that the global market was valued at USD XX billion in 2017 and is expected to reach USD XX billion by 2022.
Feed pelleting can be defined as the conversion of finely ground mash feed into dense, free-flowing pellets or capsules, in a process that involves steam injection and mechanical pressure. There are several advantages for feeding broilers pelleted rather than mash feed. The key advantage is the improved bird performance i.e. improved feed intake, weight gain, and feed conversion.
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Feed Pelletizing market is mainly driven by the advantages of pelleted feed such as higher feed intake and weight gain of animals. The market has further expanded with more evidence of enhanced performance of animals due to pelleted feed. Pelleted feed has proven to be easily digestible for many animals as the process breaks many long chain molecules. Ease of handling and transportation aids the market to grow further. Pelletizing agents are added to feed during the processing stage. They bond the feed together in a required size and shape to form a pellet. The population has been growing, as the population grows there are more mouths to feed which is increasing the demand for protein, especially animal protein. To meet the market demands, farmers were pressurized to increase animal production. Pelleted feed helped them to achieve significant results. Currently, every type of feed ranging from low t high quality is available in the form of pellets. In most of the cases, it is also proven that the pelletizing costs are easily overcome by the pelleted feed effect on animals with high improvements in performance. High costs associated with processing and manufacturing the feed to pellet form are hindering the growth of the market. Moreover, unfavorable climatic conditions have also led to a rise in the cost of raw materials.
The global Feed Pelletizing Agents market is segmented on the basis of Type and Animal Type. On the basis of Type, it is segmented into Natural and Synthetic. Natural feed pelletizing agents are the dominating products in the market. They are favored by the farmers, due to growing demand for naturally derived products. Regulations against synthetic products have created an opportunity for natural products to spur the growth of the market. On the basis of Animal Type, it is segmented into Ruminant, Poultry, Swine, Aquaculture, Pet food, and others. Fish feed is mostly preferred as pellet form as they float in water for a long time, which is easy for fish to digest and absorb. This makes the fish feed to hold a considerable share in the market. Moreover, Pet and horse feeds are seen significantly in pelleted forms, as they have long shelf life and comparatively cheaper than wet food.
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Based on geography, the market is segmented into North America, Asia Pacific, Europe Latin America and Middle East and Africa. North America accounted for the largest share of the market. Growing demand for organic or natural products and health safety conscious in USA and Canada, the demand for naturally derived agents are gaining the popularity among the pelletizing agents. Bentonite is a natural feed pelletizing agent which is produced mainly in USA and Canada. USA is the largest producer of Bentonite with nearly one-third of world’s production. Europe held the second largest share of the market. The market is moving from developed to developing countries. As ingredients were cheaper in developing nations and pelleted feed production is low. Comparatively being a health-conscious nation, the demand for naturally derived products are gaining the attention of consumers. Asia Pacific is a hub for fast-growing nations in terms of economy and population. China and India are leading in meat production. There is a scope for improvement, as the majority of meat market is not organized. China is the leading manufacturer of pelletizing agents. This is due to the huge demand for feed pellets and availability of cheaper sources. Growing population requires more meat and livestock farmers are finding ways to increase production. India is also capitalizing on growth prospect by good investments and is expected to grow at a healthy rate. Australia has well-developed farming methods and is one of the leaders in livestock production. Presence of global firms and growing awareness about the efficiency of the products has further extended the growth of the market in this region. Political issues and low cost of feed ingredients and in many countries make pelletizing process expensive in Africa. However, pelleting gives the farmer control over the feed formulation, thereby reducing the cost for the farmer. Demand for meat products is growing and presents a scope of growth for feed pelletizing agent market development. Awareness about pelletized feed is not widespread and slowly increasing. Due to low feed ingredients cost, Africa presents an interesting case for exports market. Many African countries are turning into net exporters of feed.
Some of the key players dominating the market are BASF SE, DOW Agrosciences LLC, KWS SAAT SE, Monsanto Co., Land O’ Lakes Inc., Sakata Seed Corp, Bejo Zaden BV, Takii Sedds, Agreliant Genetics LLC, Syngenta AG Groupe Limagrain, E.l. du Poant de Nemours & Co, DLF Seeds and Science, Bayer Crop Science India Ltd, and Canterra Seeds Holdings Ltd.
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