Feed Binders Market

Feed Binders Market - Overview

The global feed binders market is projected to grow at a favorable rate from 2021 to 2031 (forecast period). The surge in demand for feed due to a higher intake of livestock-based products is expected to boost the global feed binders market. Moreover, growing awareness of the advantages of feed binders among manufacturers is anticipated to propel the global feed binders market over the forecast period. Feed binders are additives that can help fine ground feed grains become less powdery and dusty. Feed binders have been shown to boost the beneficial properties of feed materials and hence are commonly used by feed makers to lower overall operating costs from manufacturing to consumption.

Feed Binders Market - Competitive Landscape

Leading players in the feed binders market are FMC Corporation (U.S.), BENEO GmbH (Germany), Emsland-Starke GmbH (Germany), E.l. du Pont de Nemours and Company [Danisco A/S] (U.S.), Borregaard (Norway), Archer Daniels Midland Company (U.S.), Darling International, Inc. (U.S.), and Uniscope, Inc. (U.S.).

Market players are actively exploring marketing tactics such as acquisitions, investments, technological innovations, partnerships, and R&D activities to broaden their overseas footprint,

Feed Binders Market - Trends and Opportunities

The feed sector is critical in addressing global food and agriculture challenges. Feed manufacturers are becoming increasingly aware of the need to raise the nutritional content of feed products in order to improve animal digestibility. According to the FAO, worldwide compound feed production is over 1 billion tons per year. The final feed product composed of multiple basic ingredients and additives is known as a compound feed. Feed additives are substances that are added to feed to enhance its shelf life, quality, and nutritional content. The compound feed industry is quickly developing, requiring the creation of new additives.

Feed binders aid boost disease management, material handling, and animal performance, which is likely to propel the expansion of the feed binders market due to increasing animal nutrition awareness and meat consumption worldwide. On the flip side, the rapid rise of natural solutions and the growing number of efforts by manufacturers to access unexplored areas is projected to present revenue-generation opportunities in the feed binders market over the forecast period.

The demand for feed binders is likely to be driven by significantly increasing costs of raw materials for naturally occurring feed binders such as wheat, lignin, and starch, offering possibilities for market players throughout the forecast period. Moreover, rising disposable income, health advantages, and population are anticipated to increase the demand for animal and plant protein, exerting strain on livestock farmers (aquaculture and cattle). Farmers are unable to meet expanding demand, resulting in profitable prospects for feed binder manufacturers. Such aspects are expected to bolster the growth of the global feed binders market during the projected period.

Feed Binders Market - Regional Landscape

The feed binders market in North America is projected to grow during the forecast period due to the growing aquaculture industry in the region. There is solid organizational support for aquaculture in both Canada and the United States, as well as government commitments to increase economic expansion within the region. For example, the Department of Commerce established an aquaculture policy to encourage the growth of sustainable aquaculture businesses. The goal of this 1999 policy is to estimate increases in output value from the present USD 950 million to USD 5 billion by 2025.

Asia Pacific is likely to experience substantial growth in the global feed binders market due to the rising poultry and ruminant output. Moreover, the growing concern about animal health, which is increasing the demand for high-quality feed, is expected to expand the use of nutritional feed binders in manufacturing animal feed throughout the region. Furthermore, rising meat production and intake in Japan, China, and India are projected to increase the demand for animal feed, boosting the feed binders market in Asia Pacific.