Feed Binders Market Synopsis
Feed Binders Market Size Was Valued at USD 4.5 Billion in 2022, and is Projected to Reach USD 6.66 Billion by 2030, Growing at a CAGR of 5.02% From 2023-2030.
The food binders market is undergoing segmentation based on various key factors, including livestock, source, application, and product. This segmentation strategy enables a comprehensive analysis of the industry landscape, pinpointing areas of potential growth and providing valuable insights for stakeholders. By delving into these segments, stakeholders can gain a nuanced understanding of market dynamics, empowering them to make strategic decisions and identify core market application.
Top investment pockets
· Archer Daniels Midland Company (US)
· Cargill, Inc. (US)
· DuPont (US)
· Darling Ingredients Inc. (US)
· Ingredion Inc. (US)
· CP Kelco Inc. (US)
· Lallemand Inc. (Canada)
· Roquette Freres (France)
· Borregaard ASA (Norway)
· Gelita AG (Germany)
· JRS Holding GmbH & Co. KG (Germany)
· Avebe U.A. (Netherlands)
· Sensus Group (Netherlands)
· Tereos Group (France)
· Lyreco (France)
· Imerys SA (France)
· Valora Holding AG (Switzerland)
· Shandong Longda Agro-Biotechnology Co., Ltd. (China)
· Jiangsu Tiancheng Pharmaceutical Group Co., Ltd. (China)
· Inner Mongolia Yili Industrial Group Co., Ltd. (China)
· Tianjin Haisheng Feed Co., Ltd. (China)
· Qingdao Haiwang Aquatics Co., Ltd. (Japan)
· Nutreco N.V. (Brazil)
· Coamo Agroindustrial Cooperativa (Brazil)
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Learn more about key segments shaping this market
Type segmentation categorizes feed binders into distinct categories, including gums & starches, clay, hydrocolloids, gelatin, molasses, wheat gluten, and others. Presently, the clay segment holds a dominant position in the market, followed closely by hydrocolloids. This dominance can be attributed to the extensive use of clay in aqua feed products, where it provides enhanced stability and functionality. As aquaculture continues to expand globally, the demand for clay-based feed binders is expected to remain robust, driving growth in this segment.
By Type
· Lignosulfonates
· Plant Gums & Starches
· Gelatin & Other Hydrocolloids
· Clay
· Molasses
· Wheat Gluten
By Nature
· Conventional Binders
· Natural Binders
By Livestock
· Poultry
· Cattle
· Swine
· Aquatic Animals
Geographic Coverage
· North America (U.S., Canada, Mexico)
· Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
· Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
· Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
· South America (Brazil, Argentina, Rest of SA)
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Increased consumption of beef meat, growing food and beverage sector, and increasing number of farms are driving the global ruminants production
- Poultry feed production is increasing owing to high demand for poultry meat and increasing investments in emerging countries such as India and Saudi Arabia
- Asia-Pacific is largest producer of swine feed with high per capita consumption of pork meat and African Swine Fever impacted the swine industries in Europe and Africa
- Swine population is increasing due to high pork consumption with Asia-Pacific and Europe being the significant producers of pork
- High demand for ruminants feed in Asia-Pacific and North America with the United States exported 80% of beef production and emergence of new milk providers in India
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REPORT COVERAGE
Market Size Value In - USD 4.5 Bn. in 2022
Market Size Value By - USD 6.66 Bn.by 2030
Growth Rate- CAGR of 5.2% from 2022 to 2030
Forecast Period - 2023-2030
Base Year – 2022
Historical Data Available - 2017-2022
Regional Scope - Global
Segments Covered - Type and Region
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