The global feed pelletizing agents market was valued at USD 2.53 billion in 2023 and is anticipated to reach USD 2.67 billion in 2024 from USD 4.13 billion by 2032, growing at a CAGR of 5.6% from 2024 to 2032.
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.
The 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. The 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 the 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, and 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 pressured to increase animal production. Pelleted feed helped them to achieve significant results. Currently, every type of feed, ranging from low to high quality, is available in the form of pellets. In most 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.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2032 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2032 |
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CAGR |
5.6% |
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Segments Covered |
By Type, Animal Type, and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
BASF SE, DOW Agrosciences LLC, KWS SAAT SE, Monsanto Co, Land O’ Lakes Inc, Sakata Seed Corp, Bejo Zaden BV, Takii Seeds, Agreliant Genetics LLC, Syngenta AG Groupe Limagrain, E.l. du Poant de Nemours & Co, DLF Seeds, Science, Bayer Crop Science India Ltd, Canterra Seeds Holdings Ltd and Others. |
Natural feed pelletizing agents are the dominating products in the market. They are favored by the farmers due to the growing demand for naturally derived products. Regulations against synthetic products have created an opportunity for natural products to spur the growth of the market.
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.
Based on geography, the market is segmented into North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa. North America accounted for the largest share of the market. With the growing demand for organic or natural products and health safety conscious in the USA and Canada, the demand for naturally derived agents is gaining popularity among pelletizing agents. Bentonite is a natural feed pelletizing agent that is produced mainly in the USA and Canada. The USA is the largest producer of Bentonite, with nearly one-third of the 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 was low. Comparatively being a health-conscious nation, the demand for naturally derived products is 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 the meat market is not organized. China is the leading manufacturer of pelletizing agents. This is due to the huge demand for feed pellets and the availability of cheaper sources. Growing population requires more meat and livestock farmers are finding ways to increase production. India is also capitalizing on growth prospects 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. The 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 the low cost of feed ingredients in many countries make the 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 the export market. Many African countries are turning into net exporters of feed.
BASF SE, DOW Agrosciences LLC, KWS SAAT SE, Monsanto Co., Land O’ Lakes Inc., Sakata Seed Corp, Bejo Zaden BV, Takii Seeds, Agreliant Genetics LLC, Syngenta AG Groupe Limagrain, E.l. du Poant de Nemours & Co, DLF Seeds, Science, Bayer Crop Science India Ltd, Canterra Seeds Holdings Ltd. Some of the market players dominate the global feed pelletizing market.
By Type
By Animal Type
By Region
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