4th
December 2018 - 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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