APAC Feed Pelletizing Agents Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Feed Pelletizing Agents Market Analysis
Asia Pacific is the largest market for feed pelletizing agents and is projected to grow at a CAGR of 3% during the forecasted period(2019-2025). There are several advantages to feeding pelleted feed rather than mash feed. The key benefits such as improved feed intake and weight gain of animals are driving the feed pelletizing market. The market is further expanding with enhanced performance of animals due to pelleted food. Lignin is used as an additive for livestock feed, to enhance the physical properties of the feed and, in turn, improve the health of livestock. Sodium lignosulfonates and calcium lignosulfonates are used to produce highly-efficient animal feed pellets. Demand for feed pellets is high from fish and aquaculture segments as the fishes are fed into the water. Some of the key firms like BASF, Brenntag Group, Kiotechagil, Uniscope Inc., Borregaard LignoTech, Bentonite Performance Minerals LLC are having good presence in this region.
APAC Feed Pelletizing Agents Market Trends
This section covers the major market trends shaping the APAC Feed Pelletizing Agents Market according to our research experts:
Demand for meat production
The population has been growing rapidly in the Asia Pacific region, particularly in countries like China and India. Rising health concern has resulted in huge demand for diet rich food especially, animal protein. To meet this increasing market demands farmers are pressurized to increase animal production. Thus in recent years, there is a shift towards industrial feed production which is helping them in achieving significant results as these feed pellets improve performance in terms of feed intake, weight gain, and feed conversion. India and China being the leading markets in meat production, according to Food and Agriculture Organization(FAO), in 2018, meat production in China and India 88156.38 thousand metric tons and 7454.32 thousand metric tons as compared to 86779.1 thousand metric tons and 7183.12 thousand metric tons. The growing meat consumption and production have subsequently led to the rise in feed consumption which in turn impacts the pelletizing agents market in the Asia-Pacific region as it enhances the feed intake efficiency.
Growing Demand for Fish Feed
The demand for seafood is driving the meat industry as an increasing number of individuals are becoming aware of the health benefits of fish consumption. Fish are low in fats, cholesterol, and carbohydrates and are rich in Omega-3 fatty acids, which help protect the heart. Fish also provides essential vitamins and amino acids. According to FAO, in 2106 marine fish production was 35.46 million tons that has increased to 35.96 million tons. The growing fish production creates demand for higher feed production. According to the Alltech feed survey, in 2019 China feed production was 168 million metric tons of which aqua feed accounted for 16.52 million metric tons, and the production is anticipated to increase during the forecast period. Fish feed is mostly preferred in pellet form as it floats in water for a long time, which is easy for fish to absorb and digest. This makes the fish feed to hold a considerable share in the market. The increased feed production results in higher use of pelletizing agents. The market is mainly driven by the advantages of pelleted feed such as higher feed intake and weight gain of animals.
APAC Feed Pelletizing Agents Industry Overview
The Feed pelletizing agent market in the Asia Pacific region is consolidated with few major players present in the market and dominating the market. Global firms like BASF, Brenntag Group, Kiotechagil, Uniscope Inc., Borregaard LignoTech, Bentonite Performance Minerals LLC are having a good presence in this region. These firms are developing new strategies by significantly investing in Research and development and are coming with new products in this segment to buildup a huge presence and gain a strong customer base in the market.
APAC Feed Pelletizing Agents Market Leaders
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BASF SE
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Uniscope Inc.
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Borregaard LignoTech
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Bentonite Performance Minerals LLC
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Brenntag Group
*Disclaimer: Major Players sorted in no particular order
APAC Feed Pelletizing Agents Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions & Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
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4.4 Porters Five Force Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Type
- 5.1.1 Lignin-based Binders/ Lignosulfonates
- 5.1.2 Hemi-cellulose Binders
- 5.1.3 Mineral Binders (Clays)
- 5.1.4 Specialty Binders
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5.2 Animal Type
- 5.2.1 Ruminant
- 5.2.2 Poultry
- 5.2.3 Swine
- 5.2.4 Aquaculture
- 5.2.5 Pets
- 5.2.6 Others
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5.3 Geography
- 5.3.1 China
- 5.3.2 Japan
- 5.3.3 India
- 5.3.4 Australia
- 5.3.5 Rest of Asia-Pacific
6. COMPETITIVE LANDSCAPE
- 6.1 Market Share Analysis
- 6.2 Most Adopted Strategy
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6.3 Company Profiles
- 6.3.1 BASF SE
- 6.3.2 Uniscope Inc
- 6.3.3 Borregaard LignoTech
- 6.3.4 Archer Daniels Midland Company
- 6.3.5 Bentonite Performance Minerals LLC
- 6.3.6 Ashapura Group
- 6.3.7 Brenntag Group
- 6.3.8 AlAsia Chemical
- 6.3.9 Kiotechagil
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19
APAC Feed Pelletizing Agents Industry Segmentation
Feed pelletizing agents convert finely ground mash into capsules or tablet form. Pelletizing agents are added to feed during the processing stage to bind the feed together in the required size and shape to form a pellet. The Asia-Pacific feed pelletizing agents market is segmented based on type, application, and by countries. A detailed segment-wise study on the feed pelletizing market covering the major players present in the market along with the market trends and opportunities are included in the report.
| Type | Lignin-based Binders/ Lignosulfonates |
| Hemi-cellulose Binders | |
| Mineral Binders (Clays) | |
| Specialty Binders | |
| Animal Type | Ruminant |
| Poultry | |
| Swine | |
| Aquaculture | |
| Pets | |
| Others | |
| Geography | China |
| Japan | |
| India | |
| Australia | |
| Rest of Asia-Pacific |
APAC Feed Pelletizing Agents Market Research FAQs
What is the current Asia Pacific Feed Pelletizing Agents Market size?
The Asia Pacific Feed Pelletizing Agents Market is projected to register a CAGR of 3% during the forecast period (2024-2029)
Who are the key players in Asia Pacific Feed Pelletizing Agents Market?
BASF SE, Uniscope Inc., Borregaard LignoTech, Bentonite Performance Minerals LLC and Brenntag Group are the major companies operating in the Asia Pacific Feed Pelletizing Agents Market.
What years does this Asia Pacific Feed Pelletizing Agents Market cover?
The report covers the Asia Pacific Feed Pelletizing Agents Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia Pacific Feed Pelletizing Agents Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Asia Pacific Feed Pelletizing Agents Industry Report
Statistics for the 2024 Asia Pacific Feed Pelletizing Agents market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia Pacific Feed Pelletizing Agents analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
