Global
Feed Binder Market expected to grow at a significant CAGR in the upcoming years
as the scope and its applications are rising enormously across the globe. To
keep the feed as a whole and prevent them from disintegrating, feed binders
used as an important ingredient with basic feed mix. It provides essential
nutrition to animals by producing safe and nutritious products, better pellets
with enhanced digestion, and inhibiting diseases in animals, and improve their
overall growth. Moreover, it raises the feed utility and consumption and
reduces feed wastage. The specialty hydrocolloids, wheat, bentonite & clay,
guar meal & starch, lignin, and others are the natural feed binders.
Whereas, polymethylolcarbamide and urea-formaldehyde are the synthetic feed binders.
Prominent
factors that are playing a major role in the growth of Feed Binder Market are
growing consumption of meat and meat products, rising awareness regarding
animal nutrition, and growing preferences for pelleted feed. On the other hand,
increasing a cost of raw material is a restraining factor. Feed Binder Market
segmented based on type, ingredient type, livestock, and region. Type into
Synthetic Binders and Natural Binders classify Feed Binder Market. Ingredient
type into Wheat Gluten & Middling’s, Clay, Molasses, Plant Gums &
Starches, Gelatin, Lignosulphonates, hemicellulose, CMC & other
Hydrocolloids, and others (Urea Formaldehyde and Polymethylocarbamide) classify
Feed Binder Market.
The
clay segment accounted for the largest market share of Feed Binder Market and
led the overall market over the period as a suitable feed binding agent. The
reason being cost efficient and very low inclusion level. On the other hand,
Lignosulphonates segment estimated to grow at fastest pace over the period.
This is mainly due to, accessibility of raw material, broader knowledge on the
industrial process, and effectual binding characteristics.
Livestock
type into Swine, Poultry, Ruminants, and others (Equines, Aquatic Animals, and
Pet Animals) classify Feed Binder Market. Poultry segment estimated to grow at
fastest pace over the period. Feed Binder Market segmented, geographically into
America (North America, South America), Europe (Eastern Europe, Western
Europe), Asia Pacific, Latin America, Middle East and Africa.
Globally,
North American regional market accounted for the largest share of Feed Binder
Industry and led the overall market. The reason being, rising demand for
commercial feed in poultry and swine industries in order to maintain the
structural integrity and nutritional composition of feed pellets. China and
India are the major consumers of Feed Binder Industry in this region. Followed
by North America. On the other hand, North American regional market accounted
for the substantial share for Feed Binder Industry.
The
key players of Feed Binder Industry are Borregaard ASA, Archer Daniels Midland
Company, Roquette Freres, FMC Corporation, Darling Ingredients Inc., and E. I.
du Pont de Nemours and Company.
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