Market Size of North America Feed Pelletizing Agent Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.70 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Feed Pelletizing Agent Market Analysis
The North America Feed Pelletizing Agent market is estimated to register a CAGR of 3.5% during the forecast period (2020-2025). The Feed Pelletizing Agent market is mainly driven by the advantages of pelleted feed such as higher feed intake and weight gain of animals. The market is further expanded with more evidence of the enhanced performance of animals due to pelleted feed. Moreover, the ease of handling and transportation of feed pellets is another reason for the growing popularity of feed pelletizing agents. The poultry segment is the largest consumer in the market studied, and the present trend of consolidation and backward integration of poultry processors is expected to maintain a steady demand for feed pelletizing agent market in North America, during the forecast period
North America Feed Pelletizing Agent Industry Segmentation
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 (moisture and heat) and mechanical pressure. There are several advantages for feeding broilers pelleted rather than mash feed. North America Feed pelletizing agents' market is segmented by Type (Natural, Synthetic) and Based on Application into (Ruminant, Poultry, Swine, Aquaculture, Pet, and others) and By Geography into (USA, Canada, Mexico and Rest of North America). A detailed segment-wise study on the Feed pelletizing market covering the major players present in the market along with the current and growing trends of the market are discussed in this report. The review period considered for the study is 2016-2019 and the forecast period is 2020-2025.
| By Type | |
| Natural | |
| Synthetic |
| Animal Type | |
| Ruminant | |
| Poultry | |
| Swine | |
| Aquaculture | |
| Other Animal Types |
| Geography | |
| United States | |
| Canada | |
| Mexico | |
| Rest of North America |
North America Feed Pelletizing Agent Market Size Summary
The North America Feed Pelletizing Agent market is experiencing growth driven by the benefits of pelleted feed, which include increased feed intake and weight gain in animals. The market is further bolstered by the ease of handling and transportation of feed pellets, making them a popular choice among farmers. The poultry segment stands as the largest consumer, with trends in consolidation and backward integration among poultry processors ensuring a steady demand for feed pelletizing agents. The shift towards industrialized feed to meet the rising demand for animal-derived protein, particularly meat, is prompting farmers to adopt pelleted feed, which has shown significant improvements in animal performance. This trend is supported by the cost-effectiveness of pelletizing, as the benefits often outweigh the expenses, leading to a growing market for feed pelletizing agents in North America.
The market is segmented into natural and synthetic feed pelletizing agents, with a notable demand for naturally derived products due to increasing health consciousness among consumers in the United States and Canada. Key natural agents like lignin and starch are widely used, with significant production of potato starch, cornstarch, and lignin in the region. Bentonite, another natural agent, is predominantly produced in the U.S. and Canada, making North America the largest consumer of bentonite globally. The market is consolidated, with major players such as BASF, Uniscope Inc., and Borregaard LignoTech leading the industry. These companies are investing in research and development to introduce innovative products, like BASF's Natuphos E, which enhances nutrient utilization in poultry, reflecting the ongoing advancements and competitive dynamics within the market.
North America Feed Pelletizing Agent Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porters Five Force Analysis
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1.4.1 Bargaining Power of Buyers/Consumers
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1.4.2 Bargaining Power of Suppliers
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1.4.3 Threat of Substitute Products
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1.4.4 Threat of New Entrants
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Natural
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2.1.2 Synthetic
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2.2 Animal Type
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2.2.1 Ruminant
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2.2.2 Poultry
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2.2.3 Swine
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2.2.4 Aquaculture
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2.2.5 Other Animal Types
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2.3 Geography
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2.3.1 United States
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2.3.2 Canada
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2.3.3 Mexico
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2.3.4 Rest of North America
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North America Feed Pelletizing Agent Market Size FAQs
What is the current North America Feed Pelletizing Agent Market size?
The North America Feed Pelletizing Agent Market is projected to register a CAGR of 3.70% during the forecast period (2024-2029)
Who are the key players in North America Feed Pelletizing Agent Market?
BASF SE, Uniscope Inc., Borregaard LignoTech, Bentonite Performance Minerals LLC and Cra-Vac Industries Inc. are the major companies operating in the North America Feed Pelletizing Agent Market.
