Feed Binders are widely used to hold or bind different feed components together. Few binders are made up from plants or cereal grains, which in turn, provide nutrients in the diet. Many binding techniques, such as steaming/cooking, pelleting, gelatinizing natural starches in feed ingredients, etc. are used in feed binding Feed binders are widely used to produce safe animal feed products to improve digestion and provide nutrients to animals as feed binders reduce various livestock diseases.
Due to enhanced stability, functionality, low inclusion value and cost effective, the clay segment is expected to contribute to the growth of Global Feed Binder Market. Growing population, increase in consumption of meat products, incline in preference for pelleted food and growing awareness among individuals regarding animal nutrition and health is expected to further propel the demand for Feed Binders during the forecast period, thereby leading to the growth of Feed Binder Market during the forecast period.
Investments by market participants on research & development to develop enhanced feed binder products are expected to drive the Feed Binder market. The Feed Binder market is growing through the expansion of feed binder organizations as well as through acquisition of companies in various regions and countries.
In Europe, Russia is estimated to witness significant growth in demand for feed binders, which can be attributed to reduction in meat import proposed by the government. In Asia Pacific, countries such as Thailand and Malaysia, are expected to witness a surge in demand for feed binders, which can be attributed to the growing demand for fish and aquaculture activities.
Fluctuations in raw material prices for feed binders and challenges faced by pelleted manufacturers due to the complex process which involves maintaining required conditions, such as temperature control, etc., is expected to act as an obstacle in the growth of Feed Binder market during the forecast period.
The Asia Pacific region is estimated to hold a major share in the global consumption of Feed Binders during the forecast period which can be attributed to the growing economy of countries, such China and India, and increase in per capita consumption of meat. For instance in 2016, Borregaard LignoTech launched new pelleting aid and binder “Intact Aqua” for the aqua feed sector in Asia. The Feed Binders market in Asia pacific region is expected to grow at a prominent rate during the forecast period.
North America and Europe Feed Binder industries are expected to witness a surge in demand during the forecast period which can be attributed to the rising consumption of meat, growing concerns about the feeding of animals, etc. Western Europe is expected to witness significant growth rate, surpassing Eastern Europe’s growth rate during the forecast period.
Latin America and Middle East & Africa (MEA) is expected to witness growth in demand for Feed Binders during the forecast period, which can be attributed to growing demand for feed additives, like enhancers and binders, etc.
Examples of some of the key participants in the global Feed Binder market are:
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
By Product Type, the Feed Binder market can be segmented into:
By Type, the Feed Binder market can be segmented into:
By Type, the Feed Binder market can be segmented into:
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Feed Binder Market
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