Feed Binders Market Report BY Restraint, Top Competitor By Forecast ( 2024-2032)
Market Highlights
The global Feed Binders Market is accounted to register a CAGR of 3.67% during the forecast period and is estimated to reach USD 5.67 billion by 2030.
Feed binders are substances used in animal feed to hold the feed ingredients together and improve their handling, durability, and nutritional value. They play a crucial role in the production of high-quality animal feed, as they help prevent feed segregation and improve pellet quality. The feed binders market is influenced by various factors, including trends in livestock production, consumer demand for high-quality animal products, and advancements in feed technology.
Segment Analysis
The global Feed Binders Market has been segmented based type, and livestock.
On the basis of the type, it is segmented into gums & starches, clay, hydrocolloids, gelatin, molasses, wheat gluten, and others. Among all, the clay segment is dominating the market followed by hydrocolloids owing to its higher use in the aqua feed products for better stability and functionality.
On the basis of the livestock, it is segmented into poultry, swine, ruminants, aquatic, and others. Among all, the poultry segment is dominating the market based on increased consumption of poultry and meat products globally. However, the aquatic segment is projected to witness steady growth over the forecast period owing to growth in the poultry industry.
Regional Analysis
The global Feed Binders Market, based on region, has been divided into North America, Europe, Asia Pacific, and rest of the world (Row). Asia Pacific is dominating the feed binders market followed by North America. In the Asia Pacific region, China is the major consumer of feed binders, which, in turn, boosts the market growth in this region. Furthermore, increasing consumption of poultry and meat products and rapidly growing population in developing countries of Asia Pacific is giving a push to the growth of the feed binders market.
This region, including the United States and Canada, typically has a well-developed livestock industry and a high demand for feed additives. Factors such as increased meat consumption, advanced farming practices, and a focus on animal health can drive the demand for high-quality feed binders.
European countries have strict regulations on animal welfare and food safety, leading to a demand for premium feed products. The feed binders market in Europe could be influenced by these regulations, as well as by trends like organic and sustainable farming.
MRFR recognizes the following companies as the key players in the global Feed Binders Market — E. I. du Pont de Nemours and Company (U.S.), Archer-Daniels-Midland Company (U.S.), J.M. Huber Corporation (U.S.), CP Kelco U.S., Inc. (U.S.), Darling Ingredients Inc. (U.S.), Roquette Freres S.A. (France), Emsland-Starke GmbH (Germany), FMC Corporation (U.S.), Gelita AG (Germany), and Avebe U.A. (the Netherlands)
About US
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. To stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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