Global feed binders market will likely grow at 3.4% during 2018-2025. The market was valued at USD 4.6 bn in 2019. The market will likely reach a valuation of USD $5.9 bn in 2025.
New York, United States - October 28, 2020 /MarketersMedia/ —
As per the analysis conducted by the Zion Market Research analysts, the global feed binders market was valued at about USD 4.6 billion in 2019 and is anticipated to develop at around 3.4% CAGR to attain an approx USD 5.9 billion during the forecast period. The prominent players active in the global feed binders market consist of DuPont, Archer Daniels Midland Company, Darling Ingredients Inc., FMC Corporation, Borregaard ASA, RoquetteFreres, Emsland Starke GmbH, Gelita AG, Avebe U.A., and CP Kelco Inc., among others.
Rising Alertness About Animal Health Likely To Boost Feed Binders Market Growth
A number of factors are positively influencing the growth of the global feed binders market including the increasing consumption of meat across the world, rising consciousness of animal health, and growing production of meat products. These factors help by promoting the utilization of compound feed among conventional livestock owners. Furthermore, the growing stipulation for compound feed pellets has resulted in an increase in the requirement for feed ingredients and additives, like feed premixes and feed binders, consequently boosting the growth of the market.
Clay Segment Of The Market Expected To Hold The Largest Share In The Forecast Period
The global feed binders market is bifurcated based on livestock, type, and region. The livestock segment of the market is divided into ruminants, swine, poultry, and other animals. The type segment of the feed binders market is classified into plant gums & starches, clay, molasses, gelatin, hemicellulose, lignosulphonates, wheat gluten & middlings, and CMC & other hydrocolloids. The largest share in the market is anticipated to be held by the clay segment as it functions as a lubricating and binding agent in the manufacture of pelleted feeds. Generally, clay materials like kaolin, zeolites, and bentonites are utilized as feed binders within the industry. Clay’s use in poultry feed is rising attributable to its water absorption traits to decrease the wet drops. All these factors are expected to boost the growth of the clay segment in the near future.
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Rising Pork Consumption Expected To Boost The Market In Asia Pacific
Based on region, the global feed binder market is categorized into Asia Pacific, Latin America, the Middle East & Africa, Europe, and North America. Regionally, the feed binders market is expected to witness substantial growth in Asia Pacific region as a result of its constantly increasing population, urbanization, and rising per capita income in this region. Further, over the past few years, the poultry and ruminants feed production in this region has been witnessed to grow a greater pace. With the growing consumption of pork in the Southeast Asian region, an evident rise in demand by feed manufacturers for the feed binders in poultry and swine feed is been observed, further boosting the market growth.
The global feed binder market is segmented as follows:
Other Animals Services
Plant Gums & Starches
Wheat Gluten &Middlings
CMC & Other Hydrocolloids
Rest of Europe
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa
Rest of Middle East & Africa
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