Global Feed Binders market is
anticipated to grow significantly through 2028 due to the growing demand for compound
feed. In 2021, the compound feed production in South Korea amounted to
approximately 19 million tonnes.
Global Feed Binders market is
expected to expand during the projected period due to increasing demand for compound
feed, as
rising awareness regarding animal nutrition the demand for pelleted feed also
increases, resulting in the increased use of feed binders in animal feed. Feed Binders
improve animal performance and disease control, coupled with better material
handling characteristics. Therefore, the use of feed binders in animal feed is
projected to increase its demand in the upcoming years.
Growing
Demand for Compound Feed
Animals still make a
substantial contribution to the global food supply. However, as a component of the
integrated food system, animal feeds have become more significant. A
significant portion of meeting consumer demand for milk, meat, eggs, and other
livestock products depends on the availability of consistent supply of
suitable, economical, and secure animal feeds. As a result, there is a growing
need for more feed supplies, sources, and alternatives due to the huge growth
in the demand for livestock products. The expanding world population is a major
argument for searching for simpler, more accessible, and alternative sources
for the production of animal feed. Proper dietary strength is one of the costliest
feed formulation ingredients in animal diets. To create proper compound
feed for different animal species, as well as maintain pellet integrity, feed binders such as lignosulfonates,
plant gums and starches, molasses, and clay are products that are used to bind,
glue, or hold the various feed ingredients together. Due to their enhancing
feed nutritive value, reduced feed wastage, and improved digestion in animals, feed
binders have therefore attracted fresh interest in the animal feed business.
In addition, manufacturers
are improving their quality and safety while maintaining their
cost-effectiveness in response to the increased demand for safe and nutrient-rich
animal feed. The use of feed binders in animal feed helps make feed easily
consumable and water stable.
For instance, according to
the International Feed Industry Federation (IFIF), annual compound feed production has reached 1
billion tonnes, globally.
According to IFIF, global
commercial feed manufacturing generates an estimated annual turnover of over USD
400 billion.
Furthermore, in 2022, as per
the Agri-Food Outlook 2022 report, from Alltech, the amount of compound feed
production carried out all over the world in 2020 was 1096 million tonnes and
it reached 1121 million tonnes in 2021.
However, increasing demand
for aquaculture feed plays a vital role. To take advantage of the rising trend,
major companies have concentrated on feed binders' development and production.
Market expansion for items generated from animals, particularly fish and fish
products, as well as rising consumer demand for animal protein, have further
accelerated market growth.
For instance, Skretting, a division of Dutch group Nutreco, has inaugurated
a new high-end production facility for shrimp and fish feed in Mangrol, Surat in
February 2023.
Feed binders are used in
nutrition of animals to enhance the eminence of the feed for animals. As a
result, it is becoming a practical and affordable method for increasing animal
output for long-term food security. Therefore, increasing demand for feed binders
by animal feed producers led to the growth of Global Feed Binders market in the
forecast years.
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Growing Awareness
Regarding Animal Nutrients
Increasing
understanding of animal nutrition is a reference to the significance of giving
animals a well-balanced meal that satisfies their dietary requirements. A
variety of causes, such as improvements in scientific studies on animal nutrition,
worries about the suffering of animals used in agriculture, and rising interest
in premium animal products, have contributed to this understanding.
Animal nutrition
is essential for generating safe and wholesome food for human consumption as
well as for preserving the well-being and efficiency of animals. A balanced
diet for animals has the ideal ratio of protein, fats, carbohydrates, minerals,
and vitamins, according to each species and stage of development's particular
requirements.
In recent years,
a growing understanding of the need of providing animals with food that
promotes normal eating habits and is free of hazardous chemicals, has risen. As
a result, new feeding techniques and items have been created, including vitamins
and plant-based proteins that can enhance an animal's immune system and general
health.
In order to
produce more high-quality animal products, such as milk, eggs, meat and meat
products, animal producers are being encouraged. This is expected to result in
a greater use of nutritious feed binders when making animal feed. Certain
binders such as wheat gluten, or starches, contain nutritional qualities that
are advantageous to animals. Moreover, it is anticipated that the feed binder's
multifunctionality will increase its use in the production of animal feed. For
instance, using feed binders can improve the nutritional content of feed, cut
down on feed waste, and improve animal digestion.
For
instance, Bonaventure produce Molastik, a pellet binding agent made from molasses
which bind the feed ingredients into harder, more durable range blocks, cubes
or pellets and containing Calcium: 41.00%, Iron (% Bioavailable): 5.00%,
Potassium: 0.20%, Zinc: 0.06%, Copper: 0.02%, Manganese: 0.04%.
In addition, agribusiness
practices have changed as a result of the increased public knowledge of animal
nutrition, with many farmers and producers choosing to raise their animals in
more environmentally friendly and compassionate ways.
Therefore, the addition
of nutrients in the feed of animals, either directly or in the form of binder, drives
the growth of Global Feed Binders market during the projected period.
Lignosulfonates Will be
the Key Type
Lignosulfonates
are a byproduct of the paper and pulp industry and are commonly used as feed
binders in animal nutrition. A feed binder is an ingredient added to animal
feed to help hold the feed together and prevent it from falling apart. Lignosulfonates are effective binders because they have the
ability to bind with both organic and inorganic materials, including proteins,
carbohydrates, and minerals. This helps to improve the structural integrity of
the feed and prevent it from crumbling or breaking apart.
In addition to
their binding properties, lignosulfonates also have some nutritional benefits
for animals. They contain a variety of minerals, including calcium, magnesium,
and potassium, which can help support healthy bone growth and overall health.
For Instance, Green
Agrochem produced various type of lignosulfonate such as sodium lignosulfonate,
calcium lignosulfonate, ammonium lignosulfonate, magnesium lignosulfonate, potassium
lignosulfonate, chrome lignosulfonate, which are used as animal feed pellet
binder.
Furthermore,
starches are also used as feed binders in animal nutrition. They have the
ability to absorb moisture and form a gel-like substance that binds with other
feed ingredients which make them more effective. Binders help to improve the
structural integrity of the feed and prevent it from falling apart. In addition
to their binding properties, starches also provide a source of energy for
animals. They are a complex carbohydrate that can be broken down by digestive
enzymes in the animal's gut and used for fuel. Some types of starch, such as
corn or wheat starch, are more commonly used as feed binders than others.
For
instance, Visco Starch produces a feed binder for Fish which is made from Corn,
Tapioca or Potato
having superior adhesion and
expansion properties and act as a natural binder.
All
these factors increase the demand of global Feed Binders market in the forecast years.
However, the high cost
of feed binders makes it expensive for the buyers. Therefore, buyers select binders
with high cohesive properties to reduce the cost of inclusion, along reducing
the cost of feed materials, ultimately resulting in restraining the growth of
market. Moreover, it is anticipated that the government's stringent regulatory ban
& restriction poses challenges to industry players, thereby slowing down
the market growth.
Recent Developments
- In February 2023, BENEO extends Animal Nutrition portfolio with faba
bean ingredients.
- Anpario launched New “Ammonium Formate Free” product range in
February 2023.
- CP Kelco, expanded biogums production capacity at two of its plant
facilities: Okmulgee, Oklahoma, USA and
Wulian, China in July 2022.
- In February 2020, Cra-Vac, a Toronto based company launched new
pellet binders by the name of halal pallet binders.
Market Segmentation
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.
Based on livestock, the market is fragmented into poultry, ruminants, swine,
aquatic animals, and others. Based on nature, the market is segregated into natural
and synthetic. Based on region, the market is divided into North America, Europe, Asia
Pacific, South America, Middle East & Africa, By Company.
Company Profiles
Beneo GmbH, Borregaard
AS, CP Kelco U.S., Inc., Anpario plc., Roquette
Frres SA, Bentoli, Inc., Royal Avebe U.A., Cra-Vac Industries Inc., Uniscope
Inc., Elixir Bio Life Sciences are some of the key players of Global Feed Binders
Market.
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Attribute
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Details
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Base Year
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2022
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Historic Data
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2018 – 2021
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Estimated Year
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2023
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Forecast Period
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2024 – 2028
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Quantitative Units
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Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028
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Report coverage
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Revenue forecast, company
share, competitive landscape, growth factors, and trends
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Segments covered
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Type
Livestock
Nature
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Regional scope
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North America, Europe, Asia
Pacific, South America, Middle East & Africa
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Country scope
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United States; Mexico; Canada; France; Germany; United Kingdom; Spain;
Italy; China; India; South Korea; Japan; Australia; Brazil; Argentina; South
Africa; Saudi Arabia; UAE
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Key companies profiled
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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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Customization scope
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10% free report customization with purchase. Addition or alteration
to country, regional & segment scope.
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Pricing and purchase
options
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Avail customized
purchase options to meet your exact research needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
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Report Scope:
In this report, Global Feed Binders market has been segmented
into the following categories, in addition to the industry trends, which have
also been detailed below:
Feed Binders Market, By Type:
o Lignosulfonates
o Plant Gums and Starches
o Molasses
o Clay
o Others
Feed Binders Market, By Livestock:
o Poultry
o Ruminants
o Swine
o Aquatic Animals
o Others
Feed Binders Market, By Nature:
o Natural
o Synthetic
Feed Binders Market, By Region:
o North America
- United States
- Mexico
- Canada
o Europe
- France
- Germany
- United Kingdom
- Spain
- Italy
o Asia-Pacific
- China
- India
- South Korea
- Japan
- Australia
o South America
o Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Competitive landscape
Company Profiles: Detailed analysis of the major companies in the global
Feed Binders market.
Available Customizations:
With the given market data, TechSci Research offers customizations
according to a company’s specific needs. The following customization options
are available for the report:
Company Information
- Detailed analysis
and profiling of additional market players (up to five).
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