Global feed binder market was valued US$ 3.02Bn in 2017 and is expected to reach US$ 5.50Bn by 2026, at a CAGR of 5.79 % during a forecast period.
Global feed binder market
A binder or binding agent is any material or substance that holds or draws other materials together to form a cohesive whole mechanically, chemically, by adhesion or cohesion. Feed binders are used to bind the different feed elements together and keep a stabilized feed form. Feed binders improve feed quality, which helps animal performance and health. Feed binders are used in changeable concentrations and quantities depending upon types.
Increasing awareness for livestock food and health is one of the major key drivers of the market. Rising demand for meat and implementation of organized farming is favoring the market growth during the forecast period. Furthermore, price fluctuations and unstable raw materials supply is limiting the feed binder market growth. Furthermore, strict regulations are expected to pose challenges to industry participants.
The clay segment is projected to witness a high rate of CAGR during the forecast period. It offers feature such as low-cost requirements and less inclusion level per ton of feed are driving the demand for clay.
Feed binders harvest safe and nutritious products and prevent feed from decomposing. Feed binders are helping to feed easily consumable and water stable. Binders bring the firmness to feed pellets just to enhance the adaptability of the feed, and it also provide enrich nutrition levels.
Poultry feeds is expected to hold significant growth in the feed binder market. The growth can be attributed to a rise in focusing to achieve feed conversion ratios in poultry feeds in developing countries such as India and China. Japan and South Korea presented stable growth. The decay in courtyard production reinforced the growth of compound feed utilization among livestock key players.
The report provides a detailed overview of the Global feed binder market including regional information. Geographically, The Asia Pacific is expected to dominate the growth in the global feed binder market. Increasing farmers’ awareness regarding pelleted feed and government support are booming the feed binder market in this region. Rising meat consumption coupled with the convenience of resources and the availability of labor in developing countries such as China, India, and Japan is expected to driving feed binders market growth in the Asia Pacific. China is expected to becoming the lead consumer of feed binders owing to technological up gradation. The demand for profitable feed in poultry and swine industries in this region had improved the need for feed binders in order to maintain the structural integrity and nutritional composition of feed pellets.
The report gives the clear representation of current market scenario of global feed binder market, which includes projected market size in terms of value and volume, pestle analysis, porter’s analysis factors in the market.
The Scope of the Report for Global Feed Binder Market
Global Feed Binder Market, By Type
• Clay
• Gelatin
• Collagen
• Plant Gums & starches
• Molasses
• Lingo sulphonates
• Other
Global Feed Binder Market, By Livestock
• Poultry
• Ruminants
• Swine
• Other animals
Global Feed Binder Market, By Geography
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players Operating in Global Feed Binder Market
• Jinan Tiantianxiang Co., Ltd.
• FMC Corporation
• Stillwater milling company
• Darling ingredients inc.
• Huzhimpexinternationall ltd
• Avebe U.A
• London letter File company
• NutriFeedCompany
• Panay Mineral Product Resources Corp.
• Dilly manufacturing company
• Juon presentation products
• Blue seal feeds
• E.I Du pont de Nemours And company
• Danisco A/S
• Gelita AG
• Polymerightinc
• Kreamer feed
• UniScopeInc
• Sichuan Groupeve Co. ltd
• FuZhou Wonderful Biological Technology Co.ltd
• VDS crostocean feeds
• Prooft binders
• VitaCheek Nutrition Ltd.
• DABOL BIO
• Pestell group of companies
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