The Demand For Feed Binders In The Feed Processing Industry To Drive The Growth Of The Feed Binders

The global feed binders market 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 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 AsiaPacific region has further led to a rise in the production of compound feed, which has further driven the demand for feed binders.

Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=225613386

By type, the feed bindersmarket is segmented intoclay, plant gums & starches, lignosulphonates, hemi-cellulose, CMC & other hydrocolloids, gelatin, molasses, wheat gluten & middlings, and others (PMC and urea formaldehyde). The lignosulfonatessegment accounted for the largest share.Lignosulfonateshas binding and lubricating properties andeffectively absorbs water, whichhelps in reducing wet droppingsand is considered an environment-friendly additive.Thus, itis witnessing considerable demand over the past few years among the end-user industries.

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.

The lignosulfonates segment is projected to hold a larger market share as it acts as a binding and lubricating agent in the production of pelleted feeds. 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.

The poultry segment is projected to hold the largest market share in the feed binders market in 2020. Increasing infrastructure, rising poultry meat consumption, and the need to improve the pellet quality has increased the demand for feed binders in the poultry sector. The utilization of lignosulphonates and clay as feed binders has also contributed to the growth of the market. The poultry sector is witnessing a shift toward compound feed products due to the development of organized farm sectors.

Some of the major players in the feed binder marketareArcher 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.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=225613386

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 com