Feed Binders Market Global Research Report by Type (Starches, Clay, Hydrocolloids, Gelatin, Molasses, Wheat Gluten), Livestock (Poultry, Swine, Ruminants, Aquatic) and Region (North America, Europe, Asia Pacific, and RoW) – Forecast till 2023
— Feed Binders Market Research Report includes various topics like total Market Size, Key Market Drivers, Challenges, Growth Opportunities, Industry Share, Growth, Demand, Outlook etc. Furthermore, it covers key market updates, the impact of regulations and technological updates in. The report addresses the need to stay updated in this competitive market conditions and this provides and comprehensive data for making strategies and decision to stimulate the market growth and profitability.
Feed Binders Market is analyzed in detail in the latest report from Market Research Future (MRFR). The global feed binders market’s historical growth trajectory, leading drivers and restraints, and key players are profiled in the report to provide readers with a clear idea of the market’s likely growth prospects over the forecast period from 2017 to 2023.
The global feed binders market has grown primarily due to the growth of the animal husbandry industry and the growing awareness about the utility of feed binders in improving various characteristics of the feed. Feed binders allow for smooth transport of animal feed and also improve the nutritive profile of the feed. The main function of feed binders is to prevent decomposition of the ingredients of animal feed. This is a vital function in the animal feed industry, as feed that has gone bad can cause several diseases among the animals. Growing awareness regarding the health benefits of animal feed is also likely to remain a crucial driver for the global feed binders market over the forecast period.
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The growing demand for animal products from emerging regions of the world is likely to drive the feed binders market over the forecast period. Due to the growing population around the world, the demand for poultry products and other livestock has grown rapidly in the last few years. This is a major driver for the global feed binders market and is likely to remain a key driver over the forecast period. Feed binders are also useful in reducing feed wastage, which has also driven their demand in the global market.
Leading players in the global feed binders market include E. I. du Pont de Nemours and Company, J. M. Huber Corporation, Darling Ingredients Inc., Emsland-Starke GmbH, Gelita AG, Avebe U.A., FMC Corporation, Roquette Freres S.A., CP Kelco U.S. Inc., and Archer Daniels Midland Company.
In June 2018, Agrifirm acquired Special Nutrients, a U.S.-based mycotoxin binder producer.
The global feed binders market is segmented on the basis of livestock and type.
By type, the global feed binders market is segmented into clay, gums and starches, gelatin, hydrocolloids, wheat gluten, molasses, and others. Clay is the dominant segment in the global feed binders market, followed by hydrocolloids.
By livestock, the global feed binders market is segmented into ruminants, swine, poultry, aquatic, and others. The poultry segment is likely to dominate the global feed binders market over the forecast period due to the growing demand for poultry products around the world and the corresponding increase in the demand for animal feed.
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Asia Pacific dominates the global feed binders market, followed by North America. The growing agriculture and animal husbandry industry in Asia Pacific is likely to drive the feed binders market in the region over the forecast period. As the animal products industry in Asia Pacific has become more matured, awareness about solutions such as feed binders has grown rapidly in the region. The use of feed binders is growing in Asia Pacific countries and is likely to exhibit steady growth over the forecast period.
The growing demand for meat products in Asia Pacific is likely to remain a major driver for the feed binders market in the region, as well as the growing population of the region. China is the leading consumer in the Asia Pacific market and is likely to retain this position over the forecast period.
North America is also expected to be a major regional market for feed binders over the forecast period due to the steady growth of the animal feed industry in the region and the growing demand for meat and meat products. The growing awareness about feed additives in countries such as Canada and Mexico is also conducive to steady growth of the feed binders market in North America over the forecast period. The growing awareness about animal health in North America is also likely to be a major driver for the feed binders market over the forecast period.
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