The feed binders market is expected to grow during the forecast period 2024-2028, driven by the rising demand for compound feed.
According to TechSci Research report, “Feed Binders Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028”, Global Feed Binders market is anticipated to upsurge at an impressive rate in the forecast period 2024-2028. A significant factor fueling the growth of the Global Feed Binders Market is due to increasing demand for compound feed. Feed binders are used for various purposes, such as enhancing feed nutritive value, reducing feed wastage, and improving digestion in animals.
Also, feed binders are water soluble and easily consumable by animals. Feed binders improve feed quality thereby improving animal performance and health, which in turn, improves food quality and yield from animal origin. Along with this, feed binders produce safe and nutritious products and prevent feed from disintegrating.
Additionally, feed binders such as lignosulfonates, plant gums and starches, molasses, and clay are various products that are used to bind, glue, or hold the various feed ingredients together which helps to enhance feed nutritive value. Moreover, feed for aquaculture utilizes an extensive amount of binder to ensure long and good stability of feed in water for animals to consume it which led to the growth of the market.
Increasing consumption of high-quality foods such as meat and meat products, eggs, and milk is encouraging animal producers to produce high-quality animal products which is predicted to increase the utilization of nutritive feed binders during the production of animal feed, further dominating the growth of Feed Binders market.
For instance, in April 2021, Eastman Chemical acquired 3F Feed & Food to boost and support the ongoing global growth of its animal nutrition business.
Furthermore, the market is being further stimulated by the rising awareness regarding animal nutrients along with increasing industrialization of livestock.
However, the rise in the cost of feed binders can slow down market growth. Also, stringent regulatory bans & restrictions can further slowdown market growth.
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Global Feed Binders Market is segmented based on type, livestock, nature, and region.
Based on type, the market is categorized into lignosulfonates, plant gums and starches, molasses, clay, and others. Lignosulfonates are expected to hold the largest market share in the forecast period 2024-2028, as they help to improve the structural integrity of the feed and prevent it from crumbling or breaking apart.
Based on livestock, the market is fragmented into poultry, ruminants, swine, aquatic animals, and others. Poultry is expected to hold the largest market share in the forecast period, 2024-2028. This is due to its low production cost and high demand among customers.
Based on nature, the market is segregated into natural and synthetic. Natural segment will experience the highest market share during the forecast period, 2024-2028, due to increasing demand for natural and organic animal feed and pet food.
Major companies operating in the Global Feed Binders Market are:
- Beneo GmbH
- Borregaard AS
- CP Kelco U.S., Inc.
- Anpario plc.
- Roquette Freres SA
- Bentoli, Inc.
- Royal Avebe U.A.
- Cra-Vac Industries Inc.
- Uniscope Inc.
- Elixir Bio Life Sciences
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“North America region is expected to grow at the highest rate during the forecast period due to increasing consumption of poultry products and industrialized production of livestock. Additionally, increasing demand of feed binders from aquaculture industry with government assurance creates lucrative opportunities for market growth.
Furthermore, in Asia Pacific, increasing farmers’ awareness regarding pelleted feed and government support as well as rising demand for good quality feed, boost the utilization of nutritive feed binders in the production of animal feed, thereby creating huge prospects of market growth during the forecast period,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Feed Binders Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F, Segmented By Type (Lignosulfonates, Plant Gums and Starches, Molasses, Clay, Others), By Livestock (Poultry, Ruminants, Swine, Aquatic Animals, Others), By Nature (Natural, Synthetic), By Region and Competition, has evaluated the future growth potential of Global Feed Binders market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Feed Binders Market.”
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