Feed Binders Market Insights by 2025| MarketsandMarkets
by Mit K. SEOThe feed
binders market is estimated to account for a value of USD 4.5 billion
in 2020 and is projected to grow at a CAGR 3.0% from 2020, to reach a value of
USD 5.1 billion by 2025. The feed
binders market is projected to witness significant growth due to the increasing
need for improving the quality of feed provided to the livestock. Innovative
techniques are being developed to manufacture different feed binder products to
capture the untapped potential of the market. The need to increase food production
for domestic consumption, as well as for exporting among developing countries,
have led to an increase in demand for agricultural inputs and feed rations. The
increasing trend of meat consumption in the Asia Pacific region has further led
to a rise in the production of compound feed, which has further driven the
demand for feed binders.
By type, the feed binders market is segmented into clay,
plant gums & starches, lignosulphonates, hemi-cellulose, CMC & other
hydrocolloids, gelatin, molasses, wheat gluten & middlings, and others (PMC
and urea formaldehyde). The lignosulfonates segment accounted for the largest
share. Lignosulfonates has binding and lubricating properties and effectively
absorbs water, which helps in reducing wet droppings and is considered an
environment-friendly additive. Thus, it is witnessing considerable demand over
the past few years among the end-user industries.
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Based on livestock, the feed binders market is segmented
into poultry, ruminants, swine, and others (aquatic animals, equine, and pets).
Poultry birds are majorly consumed for meat and eggs. In the feed binders
market, the poultry and cattle segment dominated the market share in 2020, due to
its organized sector growth.
Some of the major players in the feed binder market are
Archer Daniels Midland Company (US), DuPont (US), FMC Corporation (US), Darling
Ingredients Inc. (US), Roquette Freres (France), Borregaard ASA (Norway),
Gelita AG (Germany), Emsland Starke GmbH (Germany), CP Kelco Inc. (US), and
Avebe U.A. (Netherlands). Expansions & investments, mergers &
acquisitions, and agreements were some of the core strengths of the leading
players in the feed binders market. These strategies were adopted by the key
players to enhance their market presence. It also helped them diversify their
businesses geographically, strengthen their distribution networks, and expand
their product portfolios.
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Mr. Aashish Mehra
MarketsandMarkets™ INC.
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Northbrook, IL 60062
USA : 1-888-600-6441
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Created on Nov 18th 2020 07:07. Viewed 213 times.