The global feed binders market accounted for a value of USD 4.1 billion in 2019. The feed binders market is projected to register growth at a CAGR of 3.3% during the forecast period.
COVID-19 has impacted several industries over the globe. This pandemic has impacted feed binders market. The supply and demand both the elements have been affected in feed binders market. The access to nutritious food has been disrupted due to travel restriction and lockdown. The major impacts on feed binders market was seen on international trade due to corona virus outbreak. The domestic companies are focusing on fulfilling the demands for feed binders. The regions that don’t have presence of any company and are dependent on imports are facing difficulties in meeting demands for feed binders. There will be a significant effect on this market by the end of 2020 due to global pandemic.
For more details, visit: Global Feed Binders Market By Livestock (Cattle, Swine, Poultry, Aquatic Animals, Dogs & Cats, Others), By Source (Natural Source, Synthetic Source), By Region–Forecast & Opportunities to 2026
The feed segment has an important role in issues related to agriculture and food. The manufacturers are focusing more on increasing nutritional benefits related to feed and this improves the digestibility of animals to a certain level. This factor is likely to drive growth in feed binders market.
On the basis of type, the feed binders market is segmented into plant gums & starch, lignosulphonates, molasses, clay, gelatin & hydrolloids and others. The lignosulphonates segment is estimated to register growth at highest CAGR during the forecast period. The lignosulphonates is very popular these days because of its properties such as emulsifying, dispersing and binding. They are used for manufacturing of feed products. It helps in supplementing more steam during the manufacturing of compressed pellets. It provides structural integrity, enhances productivity and they are easily digestible by ruminants such as cattle, goats and sheep. Thus, the demand and consumption for this segment is increasing immensely.
On the basis of livestock, the feed binders market is segmented into cattle, swine, poultry, aquatic animals, dogs & cats and others. The poultry segment is estimated to hold highest market share during the forecast period. The poultry segment used lignosulfonates and clay as binders for poultry feed for the purpose of high quality production. The demand and consumption of feed binders is increasing in poultry feed rapidly. This drives growth in poultry livestock in feed binders during the forecast period.
On the basis of source, the feed binders market is segmented into natural and synthetic. The natural segment in feed binders is estimated to hold highest market share during the forecast period. The demand for organic food and feed is increasing immensely thus increasing demand for natural ingredients among manufacturers for pet food, organic animal feed and aqua feed. Pet owners are also demanding organic and natural food for their pets. The synthetic ingredients such as artificial flavor, preservatives, colors, antibiotics and pesticides are less preferred by consumers. Thus, increases growth in natural segment during forecast period.
Asia-Pacific region is estimated to register growth at highest CAGR during the forecast period. The demand for feed binders is rising in this region. The rising population in Asia-Pacific region is rising rapidly which increases the consumption of meat products. The high quality feed products demand is increasing for feed binders which improves structural integrity. Thus, drives growth in Asia-Pacific region during the forecast period.
The market players in feed binder industry are Du Pont, J.M Huber Corporation, Archer-Daniels Midland, CP Kelco US Inc, Darling Ingredients Inc., Roquette Feres S.A., Emsland-Starke GmbH, FMC Corporation, Gelita AG, Avebe U.A., Beneo GmbH, Borregaad, Ingredion Inc., Danisco and Uniscope Inc.
- What are the expected industry trends over the next three to five years?
- Which of the feed binders livestock is likely to lead by 2025?
- Which of the source segments is expected to have the maximum potential to during the forecast period?
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- What are different organic and inorganic strategies implemented by companies to gain increased market share?