Global Feed Binders Market Size, Share, Growth and Forecast 2033 | Top Key Players Analysis
Posted by Ramakrishna TBRC on April 22nd, 2024
Overview and Scope
Feed binders refer to the ingredients added to the feed to enhance the livestock's feed performance. These are the ingredients that are used to keep feed components intact to maintain the structure and consistency of the feed and prevent the decomposition of feed ingredients. They are also used to improve livestock health, reduce livestock diseases, and improve the stability of the feed.
Sizing and Forecast
The feed binders market size has grown strongly in recent years. It will grow from .62 billion in 2023 to .01 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to increasing demand for animal nutrition, livestock farming growth, regulatory support, focus on animal health.
The feed binders market size is expected to see strong growth in the next few years. It will grow to .85 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to population growth and urbanization, rising income levels:, environmental sustainability, globalization of livestock farming. Major trends in the forecast period include increasing demand for natural and organic binders, focus on specialty feed binders, integration of functional ingredients, technological advancements in manufacturing, strategic partnerships and collaborations.
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Segmentation & Regional Insights
The feed binders market covered in this report is segmented –
1) By Type: Lignosulfonates, Plant Gums And Starches, Gelatin And Other Hydrocolloids, Molasses, Clay, Other Types
2) By Source: Natural, Synthetic
3) By Application: Moists, Pellets, Crumbles
Asia-Pacific was the largest region in the feed binders market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the feed binders market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing consumption of livestock-based products is expected to propel the growth of the feed binders market going forward. Livestock-based products refer to products derived from animals such as meat and meat products, poultry products (meat and eggs), fish, shellfish, and dairy products (milk and cheese). Feed binder is incorporated into livestock feed to trap mycotoxins and prevent them from entering the bloodstream, where they could cause catastrophic injury to the animals. For instance, in March 2022, according to the Australian Bureau of Statistics, an Australian government agency responsible for statistical collection and analysis, in terms of seasonal adjustments for the quarter ending March 2022, chicken meat production increased by 3.2%. Therefore, the increasing consumption of livestock-based products is driving the feed binders market.
Key Industry Players
Major companies operating in the feed binders market report are The Emsland Group, DuPont de Nemours Inc., Darling Ingredients Inc., Roquette Frères, Borregaard ASA, CP Kelco Inc., Cra-Vac Industries Inc., Beneo GmbH, Kemin Indistries Inc., Alltech, Visco Starch, BASF SE, Bentoli AgriNutrition Pvt. Ltd., Uniscope Inc., Allwyn Chem Industries, The cooperative Royal Avebe U. A., Danisco A/S, Archer Daniels Midland Company, Borregaard, FMC Corporation, Gelita AG, Ingredion Incorporated, Kalsec Inc., Kerry Group plc, Novozymes A/S, Nutreco NV, Perstorp Holding AB, Phibro Animal Health Corporation, Solvay S. A., Trouw Nutrition LLC
The feed binders market report table of contents includes:
1. Executive Summary
2. Feed Binders Market Characteristics
3. Feed Binders Market Trends And Strategies
4. Feed Binders Market - Macro Economic Scenario
5. Global Feed Binders Market Size and Growth
....
31. Global Feed Binders Market Competitive Benchmarking
32. Global Feed Binders Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Feed Binders Market
34. Feed Binders Market Future Outlook and Potential Analysis
35. Appendix
