Feed Binders Market worth $5.9 billion by 2025

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    Summary

    The increasing awareness among manufacturers about the benefits offered by feed binders is projected to drive the market growth during the forecast period. Feed binders serve as an additive that can reduce the dusty and powdery nature of fine ground feed materials.

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    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.

    Key Players:

    ·         Archer Daniels Midland Company (US)

    ·         DuPont (US)

    ·         FMC Corporation (US)

    ·         Darling Ingredients Inc. (US)

    ·         Roquette Freres (France)

    ·         Borregaard ASA (Norway)

    ·         Gelita AG (Germany)

    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.

    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.