The feed binders market is projected to grow at a CAGR of 3.4% from 2019 to 2025. The global feed binders market size is estimated to account for a value of USD 4.8 billion in 2019 and is projected to grow at a CAGR 3.4% from 2019, to reach a value of USD 5.9 billion by 2025. The demand for feed binders is rising due to the increasing meat consumption, growing awareness toward animal health, and rising meat production. To maintain structural integrity and reduce the loss of feed ingredients, feed manufacturers use feed binders to maintain the high-quality of the meat products.
The clay segment, on the basis of type, is projected to be the largest segment during the forecast period. By type, the clay segment is projected to hold the largest share in the feed binders market.Clay binders are effective for producing high-quality and durable feed products.
Feed manufacturers are actively opting for feed binders due to its water absorption properties to reduce wet droppings.Moreover, a small amount of bentonite (clay) is enough to manufacture tougher, harder, and more durable pellets.
Thus, clay is projected to witness significant demand over the years.
The poultry segment to witness the fastest growth during the forecast period. By livestock, the feed binders market is segmented into poultry, ruminants, swine, and others (aquatic animals, pet animals, and equines).The per capita consumption of poultry meat is significantly higher than that of beef and pork due to the increased breeding of poultry birds and rising prices of red meat products as compared to poultry.
The poultry sector is witnessing a shift in focus toward high-quality compound feed products due to the development of organized farm sectors. This has led to the increased usage of binders by poultry feed manufacturers to ensure the supply of high-quality and value-added feed products.
Asia Pacific is projected to grow at the highest CAGR during the forecast period Asia Pacific is the fastest-growing region in the feed binders market due to the presence of some of the primary compound feed, feed additives, and feed binder producers in the world, such as China and India.Most of the South East Asian countries also focus on the production of feed binders due to the growing livestock population.
The increasing trend of meat consumption in the Asia Pacific region has also led to the rise in the production of feed binders.
Break-up of Primaries • By Company Type: Tier 1 - 40%, Tier 2 - 40%, and Tier 3 - 20% • By Designation: C-level - 30%, D-level - 20%, and Others* - 50% • By Region: Asia Pacific – 60%, Europe – 20%, North America – 10%, Rest of the World (RoW)** – 10% *Others include sales managers, marketing managers, and product managers. *RoW includes countries such as South Africa, Turkey, Egypt, and others (the Middle East & Africa).
Leading players profiled in this report • Archer Daniels Midland Company (ADM) • FMC Corporation • DuPont • Darling Ingredients, Inc. • Roquette Freres • Borregaard ASA • Gelita AG • Emsland Starke GmbH • J. M. Huber Corporation • Avebe U.A. • Uniscope Inc • Kemin Industries, Inc. • Cargill • Perstorp • Adisso • Nutreco • Alltech • CHR Hansen • Novus • Impextraco • Agrifirm
Research Coverage This report segments the feed binders market on the basis of ingredient type, livestock, and region. In terms of insights, this research report focuses on various levels of analyses—competitive landscape, end-use analysis, and company profiles—which together comprise and discuss the basic views on the emerging & high-growth segments of the feed binders industry, the high-growth regions, countries, government initiatives, market disruption, drivers, restraints, opportunities, and challenges.
Reasons to buy this report • To get a comprehensive overview of the feed binders market • To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them • To gain insights about the major countries/regions, in which the feed binders market is flourishing
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