Feed Binders Market Outlook
The Global Feed Binders Market is expected to grow at a CAGR of 4.1% during the forecast period 2023 - 2030.
Feed binders are substances that are added to animal feed to help the feed maintain its shape and form, making it easier to handle and transport. Feed binders also improve the nutritional value of feed and ensure that it is consumed entirely by animals, thereby reducing feed wastage.
Plant-based feed binders, such as guar gum, pectin, and cellulose, are widely used in animal feed as they are natural, easily available, and cost-effective. Clay-based feed binders, such as bentonite and montmorillonite, are also popular due to their ability to improve feed quality and reduce digestive problems in animals. Molasses is commonly used as a binder in cattle feed, while wheat gluten is used in poultry and pig feed.
The global feed binders market is expected to grow at a significant pace in the coming years, driven by the increasing consumption of animal meat, increasing focus on animal health and nutrition, and the growth of the animal husbandry industry. According to the FAO, food demand is expected to increase by 60% by 2050, with animal proteins expected to rise at 1.7 percent per year.
However, the increasing cost of raw materials of feed binders is expected to hamper the feed binders market growth. Binding agents are highly effective binders but are very expensive to include in the feed. To optimize the cost of feed ingredients, compound feed mixers, or livestock, farmers opt for binders with high-cohesive properties to reduce the amount of inclusion as well as to limit the cost.
The high demand for feed binders in the poultry feed industry in Asia Pacific is a major factor driving the growth of the Asia Pacific feed binders market. According to the OECD-FAO, India's consumption of poultry meat has been steadily increasing and it went from 3,428.04 thousand tons in 2016 to 3,819.24 thousand tons in 2019.
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Recent Product Launches in the Feed Binders Market
Key players such as Beneo, Borregaard, CP Kelco, Roquette Freres and Uniscope in the market are adopting strategies such as product launches and mergers & acquisitions. Some of the recent product launches by key players are:
1. In 2021, ADM launched a new feed binder product, called EnzymeBond, which uses proprietary enzymes to create a natural bond between feed ingredients. This product is designed to help improve feed efficiency and reduce waste.
2. DuPont introduced a new feed binder product, called BETAFIBER, which is made from naturally-sourced beet pulp fiber, in 2021. This product is designed to improve the texture and consistency of feed, while also supporting animal gut health.
3. In 2021, Roquette launched a new feed binder product, called LYCAFEED, which is made from pea protein. This product is designed to improve the pellet quality and durability of animal feed, while also providing a sustainable and plant-based alternative to traditional feed binders.
The report titled “Feed Binders Market: Global Industry Analysis, Size, Share, Growth, Trends, And Forecast, 2021-2029” published by Straitsresearch utilizing diverse methodologies aims to examine and put forth in-depth and accurate data regarding the global Feed Binders Market.
Further, each section is elaborated with all the required data to gain knowledge about the market before entering it or reinforcing their current foothold.
The report is divided into Archer Daniels Midland Company, DuPont, FMC Corporation, Darling Ingredients Inc., Roquette Freres, Borregaard ASA, Gelita AG, Emsland Starke GmbH, CP Kelco Inc., Avebe U.A.In this research study, the prime factors that are impelling the growth of the Feed Binders market report have been studied thoroughly in a bid to estimate the overall value and the size of this Feed Binders market by the end of the forecast period.
The impact of the driving forces, limitations, challenges, and opportunities has been examined extensively.
The key trends that manage the interest of the customers have also been interpreted accurately for the benefit of the readers.Request An Exclusive Sample Copy of This Feed Binders Market report at: https://straitsresearch.com/report/feed-binders-market/request-sample Find binders are mostly employed in holding together different feed components and are made up of plants and cereals.
Feed binders play a key role in animal nutrition and help in increasing the gut health of animals, mitigate antibiotic growth promoters(AGP), and improve digestion and other benefits sustainably.
A mycotoxin is an organic or synthetic substance that is added to animal feed in a small amount to kill mycotoxins, which also helps to prevent and stop them from entering the bloodstream of livestock.
This binder material is commonly known as a mycotoxin binder that is used in livestock which includes silicates, clay, yeast, and charcoal.
Mycotoxin helps in improving the animal’s biological process and environment and decreases animal’s over-reliance on antibiotics.The Feed Mycotoxin Binders market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in Feed Mycotoxin Binders industry regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market.
To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.Ask For Sample Report@ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-feed-mycotoxin-binders-marketThe report encompasses an overview and examination of the major companies operating within the industry which are considered to be revenue drivers for the global Feed Mycotoxin Binders market.
The report conveys thorough information regarding the market’s major competitors as well as currently emerging organizations that hold considerable shareholdings in the Feed Mycotoxin Binders market on the basis of sales, revenue, demand, superior products manufacturers, and satisfactory services providers.Major Players Covered in this report are: Cargill, Incorporated., Phibro Animal Health Corporation, Phibro Animal Health Corporation, Perstorp Holding AB, Zoetis, ADM, BASF SE, Adisseo, Amlan International, Impextraco NV, Norel Animal Nutrition, Olmix Group, Micron Bio-Systems, Milwhite, Inc., NOVUS INTERNATIONAL, Kemin Industries, Inc., Trouw Nutrition USA, LLC, VETLINEMarket Segmentation:Based on product type, the feed mycotoxin binders market is segmented into mycotoxins binders and mycotoxin modifiers.
Mycotoxin modifiers are further segmented into enzymes, yeast, bacteria and others.Based on livestock, the feed mycotoxin binders market is segmented into poultry, layers, breeders, swine, aquatic animals, and others.
