Feed Binders Market: Research Report - A Latest Research Report to Share Market Insights and Dynamics
Market Overview
Feed binders are either natural or
synthetic element used to enhance the quality of the animal feed as well as
nutritional properties. Feed binders market is observing an exponential growth
based on its high usage in the feed industry. Feed binders help in improving
the feed quality by keeping the individual feed components intact.
Additionally, growing demand for high-quality animal feed and increasing
awareness regarding livestock health among the livestock holder is driving the
growth of global feed binders market.
Market Forecast
The global feed
binders market is projected to propel by increasing
awareness regarding available benefits to livestock animals from the feed
binders. Additionally, the feed binders market is growing due to increasing
meat & meat products consumption. In addition to rising meat consumption,
improving quality of feed, and industrialization of livestock farming are
likely to drive the global feed binders market. Increased demand for feed
binders to bind different feed components together into stabilized form is
pushing the market growth in a positive direction.
Furthermore, advance processing
methods & technologies, and high opportunities in developing countries are
positively supporting the growth of the market. However, the high cost of
processing techniques and raw materials may hamper the feed binders market over
the review period. The market players are responding to these new opportunities
by expanding their product line, which has boosted the share of the feed
binders in the global market. Nevertheless, all these factors are projected to
contribute to the estimated CAGR of 3.8% of the feed binders market during the
forecast period, 2017-2023.
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Downstream analysis
The global feed binders market is
segmented into type and livestock.
On the basis of the type, it is
segmented into gums & starches, clay, hydrocolloids, gelatin, molasses,
wheat gluten, and others. Among all, the clay segment is dominating the market
followed by hydrocolloids.
On the basis of the livestock, it is
segmented into poultry, swine, ruminants, aquatic, and others. Among all, the
poultry segment is dominating the market based on increased consumption of
poultry and meat products globally.
Competitive analysis
The major players in the feed binders
market
- I.
du Pont de Nemours and Company (U.S.)
- Archer-Daniels-Midland
Company (U.S.)
- M.
Huber Corporation (U.S.)
- CP
Kelco U.S., Inc. (U.S.)
- Darling
Ingredients Inc. (U.S.)
- Roquette
Freres S.A. (France)
- Emsland-Starke
GmbH (Germany)
- FMC
Corporation (U.S.)
- Gelita
AG (Germany)
- Avebe
U.A. (the Netherlands)
Regional Analysis
The global feed binders market is
segmented into North America, Europe, Asia Pacific, and rest of the world
(RoW). The Asia Pacific region is dominating the feed binders market followed
by North America owing to rising population followed by increasing consumption
of poultry and meat products in the developing regions. Moreover, increased
demand for superior quality animal feed with enhanced stability &
functionality is driving the market of feed binders in the Asia Pacific region.
Furthermore, the U.S. dominates the
North American feed binders market. Increased demand for poultry products in
the North American region is likely to boost the feed binders market over the
forecast period. Additionally, the major key players are actively involved in
the research & developments of the product for enhanced functionality.
NOTE: Our Team of Researchers are
Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
Market and Industries. Cordially get in Touch for More Details.
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