Europe's feed pelletizing agents market is expected to reach USD 0.81 billion in 2024 and USD 1.03 billion by 2029, growing at a CAGR of 4.99% from 2024 to 2029.
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 animal weight gain. The market has further expanded, with more evidence of animal-enhanced performance 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 t 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.
This research report on the European feed pelletizing agents market is segmented and sub-segmented into the following categories.
Europe Feed Pelletizing Agents Market – By Type:
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.
Europe Feed Pelletizing Agents Market – By Animal Type:
Fish feed is mostly preferred in pellet form as they float in water for a long time, which makes it easy for fish to digest and absorb. This makes the fish feed hold a considerable share in the market. Moreover, Pet and horse feeds are seen significantly in pelleted forms, as they have a long shelf life and are comparatively cheaper than wet food.
Europe Feed Pelletizing Agents Market – By Country:
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 is low. Comparatively being a health-conscious nation, the demand for naturally derived products are gaining the attention of consumers.
KEY MARKET PLAYERS:
Some of the key players dominating the market are 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 and Science, Bayer Crop Science India Ltd, and Canterra Seeds Holdings Ltd.
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