Feed Binders Market Projected to Reach $5.9 Billion by 2025, at a CAGR 3.4%

January 08 12:24 2020
Feed Binders Market Projected to Reach $5.9 Billion by 2025, at a CAGR 3.4%

MarketsandMarkets™
The global feed binders market size is estimated to account for a value of USD 4.8 billion in 2019 and is projected to grow at a CAGR 3.4% from 2019, to reach a value of USD 5.9 billion by 2025.

The report “Feed Binders Market by Type (Clay, Plant Gums & Starches, Gelatin, Molasses, Lignosulphonates, Hemicellulose, CMC & Other Hydrocolloids, Wheat Gluten & Middlings), Livestock (Poultry, Swine, Ruminants, Other Animals), Region – Global Forecast to 2025”, is estimated to account for a value of USD 4.8 billion in 2019 and is projected to grow at a CAGR 3.4% from 2019, to reach a value of USD 5.9 billion by 2025. Factors such as the rising meat consumption across regions, increasing production of meat products, and growing awareness of animal health are the key factors that are encouraging the use of compound feed among traditional livestock owners. The rising demand for compound feed pellets has led to an increase in the need for feed additives and ingredients, such as feed binders and feed premixes.

Feed Binders Market

 

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By type, the clay segment is estimated to account for a larger market share, in terms of value, in 2019

The clay segment is projected to hold a larger market share as it acts as a binding and lubricating agent in the production of pelleted feeds. Clay materials such as bentonites, kaolin, and zeolites are normally used as feed binders in the industry. The utilization of clay in poultry feed is increasing due to its water absorption properties to reduce the wet drops. Even during the pelleting process, the ability of clay to absorb extra moisture and oil enhances the free movement of feed and prevents lump formation.

The poultry segment, on the basis of livestock, is estimated to hold the largest share in the feed binder market, in terms of value, in 2019

The poultry segment is projected to hold the largest market share in the feed binders market in 2018. Increasing infrastructure, rising poultry meat consumption, and the need to improve the pellet quality has increased the demand for feed binders in the poultry sector. The utilization of lignosulphonates and clay as feed binders has also contributed to the growth of the market. The poultry sector is witnessing a shift toward compound feed products due to the development of organized farm sectors.

Asia Pacific is projected to grow at the highest CAGR during the forecast period

The Asia Pacific region serves as a growing platform for the feed industry due to its rise in population, increase in per capita income, and urbanization. The ruminants and poultry feed production in Asia Pacific is growing at a higher rate since the past five years. With the increasing pork consumption in the Southeast Asian region, feed manufacturers are eventually witnessing high demand for feed binders in swine and poultry feed.

This report includes a study on the marketing and development strategies, along with a survey of the product portfolios of the leading companies operating in the feed binder market. It includes the profiles of leading companies, such as Archer Daniels Midland Company (US), DuPont (US), FMC Corporation (US), Darling Ingredients Inc. (US), Roquette Freres (France), Borregaard ASA (Norway), Gelita AG (Germany), Emsland Starke GmbH (Germany), CP Kelco Inc. (US), and Avebe U.A. (Netherlands).

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