Asia Pacific Feed Pelletizing Agents Market - Growth, Trends and Forecasts (2020 - 2025)

Asia Pacific Feed Pelletizing Agents market is Segmented By Type(Lignin-based Binders/ Lignosulfonates, Hemi-cellulose Binders​, Mineral Binders, Specialty Binders), By Application(Ruminant, Poultry, Swine, Aquaculture, Pet, and Others) in countries such as India, China, Japan, Australia and Rest of Asia-Pacific.

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

CAGR:

3 %

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Market Overview

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.

Scope of the report

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

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Key Market Trends

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.

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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.

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Competitive Landscape

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.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions & Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porters Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Lignin-based Binders/ Lignosulfonates

      2. 5.1.2 Hemi-cellulose Binders

      3. 5.1.3 Mineral Binders (Clays)

      4. 5.1.4 Specialty Binders

    2. 5.2 Animal Type

      1. 5.2.1 Ruminant

      2. 5.2.2 Poultry

      3. 5.2.3 Swine

      4. 5.2.4 Aquaculture

      5. 5.2.5 Pets

      6. 5.2.6 Others

    3. 5.3 Geography

      1. 5.3.1 China

      2. 5.3.2 Japan

      3. 5.3.3 India

      4. 5.3.4 Australia

      5. 5.3.5 Rest of Asia-Pacific

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Share Analysis

    2. 6.2 Most Adopted Strategy

    3. 6.3 Company Profiles

      1. 6.3.1 BASF SE

      2. 6.3.2 Uniscope Inc

      3. 6.3.3 Borregaard LignoTech

      4. 6.3.4 Archer Daniels Midland Company

      5. 6.3.5 Bentonite Performance Minerals LLC

      6. 6.3.6 Ashapura Group

      7. 6.3.7 Brenntag Group

      8. 6.3.8 AlAsia Chemical

      9. 6.3.9 Kiotechagil

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. IMPACT OF COVID-19

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