Feed Binders Market – Analysis, Trends and Forecasts
by Mit K. SEOThe feed
binders market is projected to grow at a CAGR of 3.0% from 2020 to 2025
The
global feed
binders market size is estimated to account for a value of USD
4.5billion in 2020 and is projected to grow at a CAGR 3.0% from 2020, to reach
a value of USD 5.1billion 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
governments shut down borders and economies for restricting the spread of the
corona virus. This resulted in businesses observing major impacts on their
international trades. Many markets are focusing on fulfilling their
requirements for feed additives, and feed binders by domestic companies. This
is, however, causing an imbalance between the demand and supply quantities.
However, some regions are completely dependent on imports and are facing tough
situations.
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Leading players
profiled in this report:
• Archer Daniels Midland Company
(ADM)
• Roquette Freres
• Darling Ingredients, Inc.
• Ingredion, Inc.
• Gelita AG
• Kemin Industries, Inc.
• DuPont
• Borregaard ASA
The
lignosulfonates segment, on the basis of type, is projected to be the largest
segment during the forecast period
By
type, the lignosulfonates segment is projected to hold the largest share in the
feed binders market. Lignosulfonates are the most commonly used feed binder as
they are highly cost-effective and are utilized across various types of feed.
The relatively low toxicity of lignosulfonates makes them a preferred binder
among feed manufacturers. They are used to improve the feed properties of pellets.
They also have the properties of emulsification and dispersing due to which
they have been gaining popularity in the production of compound feed. Thus,
lignosulfonates 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 other livestock(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.
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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.
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Created on Oct 11th 2021 07:54. Viewed 183 times.