Feed binders are entities that are mixed and added in animal feed to meet the nutritional requirements of animals. They also act as a binding agent as they hold various particles together in the feed. Feed binders are combined in animal feed in order to prevent them from decomposing and to keep the animal feed as a whole. They also provide important nutrition to animals to improve their growth. Feed binders are included in animal feed to produce nutritious and safe products and better pellets which results in improved digestion, and prevents diseases in animals. Moreover, feed binders also increase the feed consumption and utility while reducing the wastage of feed. Currently, a large number and different types of feed binders are available, which are been utilized in different concentrations and varieties, depending on the species of animal.
One of the major factor fuelling the demand for the global feed binders market is the increasing consumption of different types of non vegetarian food across the globe. In addition, the increase in the preference for pellet shaped feed among the producers of animal feed is also fuelling the demand for the feed binders market globally. Additionally, the increasing preference for organized farming is leading to increasing demand for compound feeds by domestic feed integrators and backyard farms. Moreover, the rising awareness for animal health globally is also a major factor that is positively impacting the demand for the feed binders across the globe. However, the increasing cost of raw materials for feed binders acts a hindrance to the global feed binders market. This also acts as a major hindrance to entry of new players in to this market. Moreover, the major players operating in the feed binders market also act as a hindrance for any new player trying to enter this market, since the major players can successfully utilize economies of scale to their advantage.
By type, the global feed binders market can be segmented into clay, plant gum& starches, gelatin, molasses, lignosulphonates, hemicellulose, carboxymethyl cellulose (CMC) & other hydrocolloids, wheat gluten & middling, and others. By livestock, the global feed binders market can be segmented into poultry, swine, ruminants and others. Poultry is expected to remain the largest segment by 2023. By geography, the global feed binders market can be segmented into North America, Europe, Asia-Pacific (APAC) and rest of the world (RoW). While North America and Europe are traditional markets with a steadily increasing demand for feed binders, the increased rate of consumption of compound feed in APAC can be expected to be a big opportunity for the feed binders market players globally.
Some of the key companies leading the feed binders market globally are BENEO GmbH (Germany), J.M. Huber Corporation [CP Kelco] (U.S.), Archer Daniels Midland Company (U.S.), Avebe U.A. (The Netherlands), The Roquette Group (France), E.l. du Pont de Nemours and Company [Danisco A/S] (U.S.), FMC Corporation (U.S.), Uniscope, Inc. (U.S.), Darling International, Inc. (U.S.), Gelita AG (U.S.), Borregaard (Norway) and Emsland-Starke GmbH (Germany) among others.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
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