Feed Binders Market Size, Share, Industry Forecast 2027

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Feed Binders Market Size, Share, Industry Forecast 2027

The Feed Binders Market is anticipated to grow at a significant CAGR over the forecast period (2020-2027).

Feed Binders Market

The Feed Binders Market is anticipated to grow at a significant CAGR over the forecast period (2020-2027).

The factors driving the growth of Feed Binders Market includes rise in the consumption of meat products, increasing awareness amongst manufacturers about the benefits of using feed binders and rapid growth in the compound feed industry. According to the Report published by Statista, the Meat Market in India was estimated around USD 838 billion in 2020 and is predicted to surpass 1 trillion by the end of 2025, which will boost the Feed Binders Market size in the approaching years. Moreover, increasing use of binders to enhance the feed production, growing emphasis on providing adequate nutrition to the animals and rise in the number of Free Trade Agreements (FTAs) between countries regarding the trade of consumer goods, are further propelling the Feed Binders Market share. In addition, the increasing investments by manufacturers on research and development, rise in the pet adoption rates and growing popularity of Pellet Shaped Animal Feed, are some of the additional factors supplementing the market growth.

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However, the growth of Feed Binders Market is hindered owing to variations in the prices of raw materials.

The major players operating in the market are Darling Ingredients Inc., Roquette Freres, Borregaard ASA, Archer Daniels Midland Company, E. I. Du Pont De Nemours and Company, FMC Corporation, CP Kelco Inc., Avebe U.A., Gelita AG, Emsland Starke GmbH, and Bentoli Inc., among others.

Type: Segment Analysis

As per the Feed Binders Market Forecast, the Lignosulphonates, Hemicellulose, CMC & Other Hydrocolloids segment is expected to grow at a significant CAGR during the forecast period because these types of feed increase the productivity, enhances durability and are easily digestible by ruminants.

Livestock: Segment Analysis

Based on Livestock, the Poultry segment is estimated to expand at a remarkable CAGR over the forecast period. The growing demand for poultry meat across the globe attributed to the increasing awareness about the nutritional benefits of consuming meat, is the major factor responsible for the growth of the segment.

Regional: Segment Analysis

Based on Region, the Asia-Pacific region is expected to capture the largest market share during the forecast period. Easy availability of meat products at the online platforms, rise in the demand for premium pet food products, increasing disposable incomes, rapid urbanization, and high population growth rates, are some of the important factors augmenting the market growth in the Asia-Pacific region.

Market Segmentation

Global Feed Binders Market by Source

Natural Polymers

Synthetic Polymers

Global Feed Binders Market by Type

Clay

Plant Gums & Starches

Lignosulphonates, Hemicellulose, CMC & Other Hydrocolloids

Gelatin

Molasses

Others

Global Feed Binders Market by Livestock

Poultry

Ruminants

Swine

Others

Global Feed Binders Market by Region

Asia Pacific

China

Japan

India

Rest of APAC

North America

United States of America

Canada

Europe

United Kingdom

Germany

France

Spain

Rest of Europe

RoW

Brazil

South Africa

Saudi Arabia

UAE

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