The Asia Pacific feed pelletizing agents market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 3% during 2023–2031. The growth of the market is attributed to the growing population and rising demand for protein, especially animal protein.
Feed pelleting can be characterized as transformation of finely ground crushed feed into solid, free-streaming pellets or cases. This is due to steam addition and mechanical pressure. The principle advantage of providing animal feed is development in animal performance.
Animals invest less time and require lower support energy conditions for feed pellets than crushed feed. Pelletizing is a technique for collection, or grain size expansion, in which feed is handled into pellets or granules.
Various companies are facing challenges while handling the powdered feed. On the other hand, pellets are easy to handle. Pelletizing provides various advantages to the industry players. For instance, it helps in customizing in shape of the feed during the process..
Market Trends, Drivers, Restraints, and Opportunities
Growing awareness about the benefits of pelleted feed is expected to drive the market growth.
The prominent presence of poultry and animal meat in many cuisines is anticipated to spur the growth of market.
Ease of handling and transportation is expected to boost the growth of the market.
High cost for manufacturing and processing of pelleted feed can hamper the growth of the market.
During pelletizing process there is decrease in availability of amino acids and possibility of destroying some vitamins. Thus, such factors can hinder the market growth.
Rising awareness regarding efficiency of product in developing regions can create lucrative opportunities for the market during the forecast period.
Scope of Asia Pacific Feed Pelletizing Agents Market Report
The Asia Pacific feed pelletizing agents market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Asia Pacific Feed Pelletizing Agents Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
Types (Hemi-cellulose Binders, Specialty Binders, Mineral Binders, and Lignin-based Binders/ Lignosulfonates), Applications (Poultry, Aquaculture, Ruminant, Pet, Swine, and Others)
India, Japan, China, South Korea, and Rest of Asia Pacific
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
Brenntag Group; Borregaard AS; BASF SE; Bentonite Performance Minerals LLC; and Uniscope Inc.
Asia Pacific Feed Pelletizing Agents Market Segment Insights
Hemi-cellulose binders segment to account a significant market share
In terms of types, the market is categorized as hemi-cellulose binders, specialty binders, specialty binders, and lignin-based binders/ lignosulfonates. The hemi-cellulose binders segment is projected to account for a significant market share during the forecast period.
Hemicellulose (HC) binders are fairly low-cost as compared to others. Using hemicellulose as binder, reduces the number of breakage of pellets. It is source of dietary fiber and they are non-soluble in water. Hemicellulose is a carbohydrate that is present in nearly all plant cell walls in lateral to cellulose.
Aquaculture segment to expand at a robust CAGR
On the basis of applications, the market classified as poultry, aquaculture, ruminant, pet, swine, and others. The aquaculture segment is projected to expand at a considerable CAGR during the forecast period.
Aquaculture mostly consist of pellets for the fish that float on the water for long time, which makes easy for fish to absorb and digest. A drastic shift toward modern feed creation is helping companies in accomplishing critical outcomes as these feed pellets further helps in the development of plans regarding feed consumption and weight gain.
China anticipated to constitute a key market share
Based on geography, the Asia Pacific feed pelletizing agents is categorized as India, Japan, China, South Korea, and Rest of Asia Pacific. China is expected to constitute a key share of the market during the forecast period. Rising demand for natural product and health safety consciousness in China are key factors driving the country’s market growth.
As per the Alltech feed study, in 2019, China feed creation was 168 million metric huge loads of which water feed represented 16.52 million metric tons, and the creation is expected to increment during the forecast period.
The Asia Pacific feed pelletizing agents market is segmented on the basis of:
- Hemi-cellulose Binders
- Specialty Binders
- Mineral Binders
- Lignin-based Binders/ Lignosulfonates
- South Korea
- Rest of Asia Pacific
- Brenntag Group
- Borregaard AS
- BASF SE
- Bentonite Performance Minerals LLC
- Uniscope Inc.
The key players competing in the Asia Pacific feed pelletizing agents are Brenntag Group; Borregaard AS; BASF SE; Bentonite Performance Minerals LLC; and Uniscope Inc.