Market Overview
Feed binders areeither natural or synthetic element used to enhance the quality of the animal
feed as well as nutritional properties. Feed binders market is observing an
exponential growth based on its high usage in the feed industry. Feed binders
help in improving the feed quality by keeping the individual feed components
intact. Additionally, growing demand for high-quality animal feed and
increasing awareness regarding livestock health among the livestock holder is
driving the growth of global feed binders market.
Competitiveanalysis
The major players inthe feed binders market
- I. du Pont de Nemours and Company (U.S.)
- Archer-Daniels-Midland Company (U.S.)
- 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)
- Avebe U.A. (the Netherlands)
Market Forecast
The global feedbinders market is projected to propel by increasing awareness regarding
available benefits to livestock animals from the feed binders. Additionally,
the feed binders market supplier is growing due to increasing meat & meat
products consumption. In addition to rising meat consumption, improving quality
of feed, and industrialization of livestock farming are likely to drive the
global feed binders industry. Increased demand for feed binders to bind
different feed components together into stabilized form is pushing the market
growth in a positive direction.
Furthermore, advanceprocessing methods & technologies, and high opportunities in developing
countries are positively supporting the growth of the market. However, the high
cost of processing techniques and raw materials may hamper the feedbinders market supplier over the review period. The market players areresponding to these new opportunities by expanding their product line, which
has boosted the share of the feed binders in the global market. Nevertheless,
all these factors are projected to contribute to the estimated CAGR of 3.8% of
the feed binders market trends during the forecast period, 2017-2023.
Downstream analysis
The global feed bindersmarket is segmented into type and livestock.
On the basis of thetype, 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.
On the basis of thelivestock, 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.
Regional Analysis
The global food binders market is segmented into North America,Europe, Asia Pacific, and rest of the world (RoW). The Asia Pacific region is
dominating the feed binders market followed by North America owing to rising
population followed by increasing consumption of poultry and meat products in
the developing regions. Moreover, increased demand for superior quality animal
feed with enhanced stability & functionality is driving the market of feed
binders in the Asia Pacific region.
Furthermore, the U.S.dominates the North American feed binders market. Increased demand for poultry
products in the North American region is likely to boost the feed binders
market size over the forecast period. Additionally, the major key players are
actively involved in the research & developments of the product for
enhanced functionality.
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