Feed Binders Market Latest Innovations, Key Drivers, Future Assessment and Analysis
Data Bridge Market Research analyses that the feed binders market was valued at USD 6.2 billion in 2021 and is expected to reach USD 8.68 billion by 2029, at a CAGR of 4.30% during the forecast period 2022 to 2029 .
Market Definition
Feed binders are natural or synthetic ingredients that are added to feed to improve performance. The primary goal of these binders is to keep the feed's components intact and prevent decomposition. They improve animal health by reducing livestock diseases and improving feed stability and quality. The most common binder gums and starches, clay, hydrocolloids, gelatine, molasses, and wheat gluten are the most standard binders.
In order to address global food and agriculture concerns, the feed sector is crucial. To enhance animal digestibility, feed makers are becoming more cognizant of the need to increase the nutritional value of feed products. The FAO estimates that global compound feed production is around 1 billion tonnes per year. Compound feed is the finished feed product made up of various raw materials and additives. Feed additives are used to improve the nutritional value, shelf life, and quality of the feed. The compound feed industry is expanding rapidly, necessitating the development of new additives for the feed market.
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Some of the major players operating in the feed binders market are:
- Alltech (U.S)
- Dupont (U.S)
- BASF SE(Germany)
- ADM (U.S)
- Cargill Incorporated (U.S)
- FMC Corporation (U.S)
- Darling Ingredients (U.S)
- Gelita AG (Germany)
- CP Kelco (U.S)
- Avebe (Netherlands)
- Emsland Group (Germany)
- Borregaard AS (Norway)
- DSM (Netherlands)
- Kemin Indistries, Inc. (U.S)
- Bluestar Adisseo Co., Ltd. (China)
Scope of the Feed Binders Market Report:
The feed binders market is segmented on the basis of type, and feed type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Source
- Natural
- Synthetic
On the basis of source, the feed binders market is segmented into natural, and synthetic.
Livestock
- Poultry
- Swine
- Cattle
- Aquatic animals
- Dogs & cats
- Others
Based on livestock, the feed binders market is segmented into poultry, swine, cattle, aquatic animals, dogs & cats, and others.
Type
- Lignosulfonates
- Plant gums & starches
- Gelatine & other hydrocolloids
- Molasses
- Clay
- Others
Based on the type, the feed binders market is segmented into lignosulfonates, plant gums & starches, gelatine & other hydrocolloids, molasses, clay, and others.
Application
- Moist
- Pellets
- Crumbles
- Others
The feed binders market is also segmented on the basis of application. The application is segmented into moist, pellets, crumbles, and others.
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Feed Binders Market Regional Analysis/Insights
The Feed Binders market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Feed Binders market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Feed Binders within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Feed Binders market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
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