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Feed Binders Market: Market Segments: By Type (Lignosulfonates, Plant gums & starches, Gelatin & other hydrocolloids, Molasses, Clay and Other); By Livestock (Ruminants, Poultry, Swine, Aquatic animals, Pets and Equine); and Region - Global Analysis by Market Size, Share & Trends for 2014 - 2019 and Forecasts t- 2030
Product Overview
Natural or synthetic ingredients are feed binders that are added t- enhance feed efficiency. The primary aim of these binders is t- hold intact the individual feed components and prevent decomposition. They als- boost animal health by reducing livestock diseases, in addition t- improving the stability and consistency of feed. Gums & starch, clay, hydrocolloids, gelatin, molasses, and wheat gluten are the most popular binders used in feed.
Market Highlights
Feed Binders Market is expected t- project a notable CAGR of 3.5% in 2030.
Feed Binders Market t- surpass USD 8.7 billion by 2030 from USD 4.28 billion in 2019 at a CAGR of 3.5% throughout the forecast period, i.e., 2020-30. The Global Feed Binder Market due t- enhanced stability, functionality, low inclusion value and cost effectiveness. Growing population growth, increasing consumption of meat products, decreasing preference for pelleted foods and increasing knowledge of animal nutrition and health among individuals are expected t- further fuel demand for Feed Binders during the forecast period, leading t- growth in the Feed Binder Market during the forecast period
Feed Binders Market: Segments
Lignosulphonates segment t- grow with the highest CAGR during 2020-30
Feed Binders Market is segmented by type int- Lignosulfonates, Plant gums & starches, Gelatin & other hydrocolloids, Molasses, Clay and Other. lignosulphonates based Feed Binders, led the market in 2019, accounting for XX.X% of market share. Improved health and higher milk production resulted from the use of probiotic yeast in ruminant feed.
Feed Binders Market: Market Dynamics
Drivers
Expansion of Animal Meat Market
Growth of the feed binder industry is due mainly t- the expansion of the market for animal meat. Increased global consumption of meat and an increase in animal health issues have led the industry t- purchase a higher volume of feed binders. By venturing int- R&D for better manufacturing and management strategies, leading businesses are searching for advancements in the industry. The feed industry plays a vital role in solving global food and agriculture problems.
Restrain
Price volatility and availability of raw materials
Binding agents are highly effective binders, such as guar gum, maize starch, agar, carrageenan, and gelatin, but they are very costly t- include in the feed. Farmers opt for binders with high-cohesive properties t- maximise the cost of feed ingredients, compound feed mixers, or livestock t- minimise the amount of inclusion as well as t- reduce the cost.
Feed Binders Market: Key Players
Archer Daniels Midland Company
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence and SWOT Analysis
Jinan Tiantianxiang Co., Ltd.
Sichuan Groupeve Co. ltd
Darling Ingredients Inc
M. Huber Corporation
FuZhou Wonderful Biological Technology Co.ltd
Panay Mineral Product Resources Corp.
I Du pont de Nemours and company
Huzhimpex internationall ltd
Feed Binders Market: Regions
Feed Binders Market is segmented based on regional analysis int- five major regions. These include North America, Latin America, Europe, APAC and MENA.
Feed Binders Market in Asia Pacific held the largest market share of XX.X% in the year 2019 the consumption rate of meat products in East Asia had witnessed rapid growth. The ban on the use of antibiotics as a growth promoter in the livestock sector in the European and North American countries has however, indirectly affected the countries of the Asia Pacific region. This has prompted main feed additives businesses t- produce natural growth promoters and health supplements. After the ban, creative ways of encouraging animal development by products with similar benefits have been found by livestock producers by replacing antibiotic growth promoters with microbial feed additives that have antibiotic properties.
Feed Binders Market report als- contains analysis on:
Feed Binders Market Segments:
By Type:
Lignosulfonates
Plant gums & starches
Gelatin & other hydrocolloids
Molasses
Clay
Other
By Livestock:
Ruminant
Poultry
Swine
Aquaculture
Pets
Horses
Others
Feed Binders Market Dynamics
Feed Binders Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
FAQs on Feed Binders Market
Which segment is anticipated t- hold the largest market share?
At what CAGR is the market anticipated t- grow between 2020 and 2030?
Wh- are the key players in the Feed Binders Market?
What could be the challenging factors in the growth of Feed Binders Market?
What are the growth drivers for the Feed Binders Market?