Global Feed Pelletizing Agents Market - 2023-2030

Global Feed Pelletizing Agents Market - 2023-2030

Global Feed Pelletizing Agents Market reached US$ 2.4 billion in 2022 and is expected to reach US$ 3.7 billion by 2030, growing with a CAGR of 5.8% during the forecast period 2023-2030.

The global feed pelletizing agents market has witnessed significant growth over the years. The manufacturing industries are adopting these as they help in binding the ingredients and producing high-quality feed pellets. They promote balanced nutrition for animals. Hence, such factors help in driving the global feed pelletizing agents market.

Furthermore, as the demand for pellet feed is increasing among consumers, many manufacturers are producing innovative quality products. For instance, Uniscope, inc company produces Super-Bind, which is a lignin sulfonate pellet binder, the Super-Bind works on all feed types with a use rate of 10 to 25 lb per ton, it helps in improving the pellet quality. Hence, such products help in increasing the market growth.

The binding agents function account for over half of the market share. Similarly, the Asia-Pacific dominates the feed pelletizing agents market, India remains the largest consumer of feed pelletizing agents, as there are high livestock population rate in this region, hence, it can help in increasing the market growth.

Dynamics

Presence of High Animals Population.

The population of livestock, ruminants, and others is high, For instance, according to a USDA report of 2023, there were 89.3 billion head of cattle and calves on U.S. farms, and a total of 34.5 billion calves are present in the U.S. Hence, such high population rates can help in increasing the demand for effective animal feed.

Furthermore, as the population rate is higher, manufacturing industries are highly adopting these agents as they are used to create high-quality feed pellets that provide a consistent nutrient balance, which is essential for the health and growth of animals, these pellet feeds can help in increasing the feed conversion and productivity of animals. Hence, such factors helps in increasing the market growth.

The increase in Demand for Pellets in Animal Feed

Poultry industries are highly adopting pellets in animal diets as they provide uniform and balanced nutrition to animals, help in increasing the nutritive intake of animals, and help in more efficient and productive livestock farming, also these pellets are easy to handle and store, hence it can help in increasing the usage of feed pelletizing agents.

Furthermore, as the demand for the pellets is increasing among consumers, many manufacturing companies are producing innovative products to expand their market sizes. For instance, Bentoli company produces Pegan Bind, it is an aquaculture feed additive in which synthetic resin with excellent pellet binding and water stability qualities, this product contains free flow and anti-caking agent. Hence, such products can help in increasing the market growth.

High Manufacturing cost

The feed pellets require special manufacturing machines, and storage conditions in order to maintain the quality, which had impact the cost of the final product. Due to high manufacturing costs, many small-scale manufacturers might not opt for these agents, which might affect the adoption rate, Hence, it can hamper the market growth.

Segment Analysis

The global feed pelletizing agents market is segmented based on type, form, distribution channel, function, application, and region.

Increase in demand for Effective Animal Nutrition

The binding segment holds the maximum share in the global feed pelletizing agents market. Manufacturing companies are adopting these agents as they help maintain the structural integrity of the feed pellets. They help in holding the feed particles together during the pelletization process, preventing the pellets from crumbling or breaking apart. Hence, such factors can help in increasing the usage rate.

Furthermore, many manufacturing companies are focusing on producing high-quality products to attract larger consumer bases. For instance, Bonaventure Chemicals, inc., company produces Molastik, which is a Pellet binding agent designed especially for feeds containing at least 3% molasses. This makes molasses bind the feed ingredients into harder, more durable range blocks, cubes, or pellets. It increases the water resistance of feed. Hence, such products can help in increasing the market growth.

Geographical Penetration

High Livestock Population

Asia-Pacific has been a dominant force in the global feed pelletizing agents market, manufactures in this region are highly adopting these agents as they help in producing high-quality feeds with balanced nutritive contents, which helps in increasing the nutritive intake in animals. Hence, such factors can help in increasing the market growth.

Furthermore, the presence of a high livestock population in this region, for instance, according to the Department of Animal Husbandry and Dairying report of 2023, there are about 303.76 billion bovines (cattle, buffalo, Mithun, and yak), 74.26 billion sheep, 148.88 billion goats, 9.06 billion pigs and about 851.81 billion poultry as per 20th Livestock Census in India. Hence, it can help in increasing the market in this region.

Additionally, as the demand for animal feed pellets is increasing in this region, many manufacturing companies such as Apco Products Pvt. Ltd., Nouryon India Pvt. Ltd., and Indian Gelatine & Chemicals Ltd, are producing innovative high-quality products to attract a larger consumer base, which helps in increasing the availability of products in the market, hence, it can help in increasing the adoption rate.

Competitive Landscape

The major global players in the market include Uniscope, Bentoli, BONAVENTURE CHEMICALS, INC., Borregaard AS, Bentonite Performance Minerals LLC, Pestell Nutrition Inc., Adisseo, Anpario plc, Roquette Frères., and Meriden Phils Inc.

COVID-19 Impact Analysis

The pandemic has brought unprecedented challenges for industries worldwide, including the global feed pelletizing agent market. During the pandemic, many country governments imposed lockdowns, due to which many manufacturing companies were shut down, and the availability of products was limited, which had shown a negative impact on the global feed pelletizing agents market.

By Type
• Natural
• Synthetic

By Form
• Powder
• Liquid

By Distribution Channel
• Company Stores
• Hypermarkets/Supermarkets
• Specialty Stores
• Others

By Function
• Binding
• Lubrication
• Density Control
• Disintegration Control
• Others

By Application
• Ruminants
• Poultry
• Swine
• Aquaculture
• Pets
• Others

By Region
• North America
U.S.
Canada
Mexico
• Europe
Germany
UK
France
Italy
Russia
Rest of Europe
• South America
Brazil
Argentina
Rest of South America
• Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
• Middle East and Africa

Key Developments
• In July 2021, Wilbur-Ellis Nutrition acquired the forage pellet business of Ametza LLC, This acquisition helped Wilbur-Ellis Nutrition obtain pelleting, packaging, and Warehousing operations in California.

Why Purchase the Report?
• To visualize the global feed pelletizing agents market segmentation based on type, form, distribution channel, function, application, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of feed pelletizing agents market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global feed pelletizing agents market report would provide approximately 77 tables, 81 figures and 182 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies