Market Trends of Europe Feed Pelletizing Agents Industry
This section covers the major market trends shaping the Europe Feed Pelletizing Agents Market according to our research experts:
Increasing Demand for Animal Feed
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. The intensification of livestock production and growing awareness about nutrient requirements have increased the dependence on commercially-manufactured compound feed. Lignin extracted from waste by various pulping techniques, like kraft lignin, is available at cheaper rates. This has resulted in increased adoption of lignin, as an additive to manufacture compound feed materials. Hence, the increasing demand for meat production and the rise in the number of middle-class families across the region is expected to spur the feed pelletizing agents, during the forecast period.
Increased Consumption of Meat Products
The population has been growing, as the population grows there are more to be fed which is increasing the demand for protein, especially animal protein. To meet the market demands, farmers were pressurized to increase animal production. Pelleted feed helped them to achieve significant results. Presently, every type of feed with high and low quality is available in the form of pellets. Pelletizing agents are added to feed during the processing stage. They bond the feed together in the required size and shape to form a pellet. In most of the 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 involved in processing the feed to pellet form are barricading the growth of the market. Moreover, unfavorable climatic conditions have also led to a rise in the cost of raw materials. Feed Pelletizing 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. Pelleted feed is also proven as easy to digest in many animals as the process breaks many long-chain molecules. Ease of handling and transportation aids the market to grow further.
