Feed Binders Market to be Dominated by Compound Feed Through 2028
Feed
Binders market is
expected to grow in the forecast period 2024-2028 due to increasing demand
for compound feed.
According
to TechSci Research report, “Feed Binders Market - Global Industry
Size, Share, Trends, Opportunity, and Forecast, 2018-2028”, Global
Feed Binders market is anticipated to upsurge at an impressive rate in the
forecast period 2024-2028. A
significant factor fueling the growth of the Global Feed Binders Market is due to increasing demand for
compound feed. Feed binders are used for various purposes, such as enhancing
feed nutritive value, reducing feed wastage, and improving digestion in
animals. Also, feed binders are water soluble and easily consumable by animals.
Feed binders improve feed quality thereby improving animal performance and
health, which in turn, improves food quality and yield from animal origin.
Along with this, feed binders produce safe and nutritious products and prevent
feed from disintegrating.
Additionally,
feed binders such as lignosulfonates, plant gums and starches, molasses, and
clay are various products that are used to bind, glue, or hold the various feed
ingredients together which helps to enhance feed nutritive value. Moreover,
feed for aquaculture utilizes an extensive amount of binder to ensure long and
good stability of feed in water for animals to consume it which led to the
growth of the market. Increasing
consumption of high-quality foods such as meat and meat products, eggs, and
milk is encouraging animal producers to produce high-quality animal products
which is predicted to increase the utilization of nutritive feed binders during
the production of animal feed, further dominating the growth of Feed Binders
market.
For
instance, in April 2021, Eastman Chemical acquired 3F Feed & Food to boost
and support the ongoing global growth of its animal nutrition business.
Furthermore,
the market is being further stimulated by the rising awareness regarding
animal nutrients along with increasing industrialization of livestock.
However,
the rise in the cost of feed binders can slow down market growth. Also,
stringent regulatory bans & restrictions can further slowdown market
growth.
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the "Global Feed Binders Market"
Global Feed Binders Market
is segmented based on type, livestock, nature, and region.
Based on type, the market is
categorized into lignosulfonates, plant gums and starches, molasses, clay, and
others. Lignosulfonates are
expected to hold the largest market share in the forecast period 2024-2028, as
they help to improve the structural integrity of the feed and prevent it from
crumbling or breaking apart.
Based on livestock, the market is fragmented into poultry,
ruminants, swine, aquatic animals, and others. Poultry is expected to hold the
largest market share in the forecast period, 2024-2028. This is due to its low
production cost and high demand among customers.
Based on nature, the market is
segregated into natural and synthetic. Natural segment
will experience the highest market share during the forecast period, 2024-2028,
due to increasing demand for natural and organic animal feed and pet food.
Major companies operating in the Global Feed
Binders Market are:
- Beneo GmbH
- Borregaard AS
- CP Kelco U.S., Inc.
- Anpario plc.
- Roquette Freres SA
- Bentoli, Inc.
- Royal Avebe U.A.
- Cra-Vac Industries Inc.
- Uniscope Inc.
- Elixir Bio Life Sciences
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“North
America region is expected to grow at the highest rate during the forecast
period due to increasing consumption of poultry products and industrialized production
of livestock. Additionally,
increasing demand of feed binders from aquaculture industry with government
assurance creates lucrative opportunities for market growth. Furthermore, in
Asia Pacific, increasing farmers’ awareness regarding pelleted feed and
government support as well as rising demand for good quality feed, boost the
utilization of nutritive feed binders in the production of animal feed, thereby
creating huge prospects of market growth during the forecast period,” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“Feed
Binders Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast, 2018-2028F, Segmented By Type (Lignosulfonates, Plant Gums and
Starches, Molasses, Clay, Others), By Livestock (Poultry, Ruminants, Swine,
Aquatic Animals, Others), By Nature (Natural, Synthetic), By Region and
Competition, has
evaluated the future growth potential of Global Feed Binders market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Feed Binders Market.”
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