The Asia Pacific Feed Binders Market size was around USD 1670 Million in 2018. It is expected to grow at a CAGR of 3.9% to reach USD 2020 Million by 2023. It captures 40% of the global market.Feed binders are employed for several purposes such as improving animal digestion, enhancing the nutrition value of feed, and reducing feed wastage. Feed binders produce nutritious and safe products along with preventing the feeds from disintegrating. They further aid the production of water stable and easy consumable feeds. Feed binders aid in enhancing the feed quality, thereby improving the health and performance of animals, which, in turn enhances the quality of food and yield produced from animals.
They are also utilized for varying quantities and concentration depending on the species. The advantages of feed binders include better animal performance, disease control, and enhanced material handling. Feed conversion is preferred over pelleted feed comparatively which comprises feed fed as mash. Steadily growing cost of raw materials of feed binders is likely to hinder the growth of the global feed binder market and pose threat to the industry players over the coming years.
One of the major factors fuelling the growth of the global feed binders market is the growing consumption of various kinds of non-vegetarian food worldwide. In addition, the shift in consumer preference towards pallet shaped feed is also likely to bolster the demand for feed binders in the near future. Furthermore, the growing trend of organized farming is lifting the consumption of compound feeds by backyard farms and domestic feed integrators. The rising awareness regarding animal health among farmers is also another chief factor that is estimated to boost the growth of the global feed binders market.
However, the growing cost of raw materials is likely to act as a prime inhibitor in the growth of the market. The market is also likely to be adversely impacted by the barriers to entry as old players keep challenging the entry of new players.
The Asia Pacific Feed Binders Market can be categorized into three categories: by brand, by type and by livestock. On the basis of brand the market is segmented into Darling Ingredients Inc.: Pro-Bind Plus, Roquette Freres: Clearam, E.I.Dupont De Nemours and Company (Nutrition & Health): Grindsted, Archer Daniels Midland Co., and Borregaard ASA. If we go by type the market is segmented into Clay, Plant Gums & Starches (Plant Gums, Starches), Lignosulphonates, Hemicellulose, CMC & Other Hydrocolloids (Lignosulphonates, Hemicellulose, Carboxymethylcellulose, Other Hydrocolloids), Gelatin, Molasses, Wheat Gluten & Middlings and others.
By geography, the Asia-Pacific Feed Binders Market has been categorized into India, China, Korea, Japan and others. It is largest in terms of market share. China is the leading player in the region. It is the fastest growing market.
Major companies in the Feed Binders Market are Archer Daniels Midland Company (ADM) (U.S.), FMC Corporation (U.S.), E. I. du Pont de Nemours and Company (U.S.), Darling Ingredients Inc. (U.S.), Roquette Freres (France), and Borregaard ASA (Norway).
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Brand
5.1.1 Introduction
5.1.2 Darling Ingredients Inc.: Pro-Bind Plus
5.1.3 Roquette Freres: Clearam
5.1.4 E.I.Dupont De Nemours and Company (Nutrition & Health) : Grindsted
5.1.5 Archer Daniels Midland Co.
5.1.5.1 Aquatex
5.1.5.2 Novaxan
5.1.6 Borregaard ASA
5.1.6.1 Lignobond Dd
5.1.6.2 Pelltech
5.1.7 Y-o-Y Growth Analysis, By Brand
5.1.8 Market Attractiveness Analysis, By Brand
5.1.9 Market Share Analysis, By Brand
5.2 Type
5.2.1 Introduction
5.2.2 Clay
5.2.3 Plant Gums & Starches
5.2.3.1 Plant Gums
5.2.3.2 Starches
5.2.4 Lignosulphonates, Hemicellulose, CMC & Other Hydrocolloids
5.2.4.1 Lignosulphonates
5.2.4.2 Hemicellulose
5.2.4.3 Carboxymethylcellulose
5.2.4.4 Other Hydrocolloids
5.2.5 Gelatin
5.2.6 Molasses
5.2.7 Wheat Gluten & Middlings
5.2.8 Other Types
5.2.9 Y-o-Y Growth Analysis, By Type
5.2.10 Market Attractiveness Analysis, By Type
5.2.11 Market Share Analysis, By Type
5.3 Livestock
5.3.1 Introduction
5.3.2 Poultry
5.3.3 Ruminants
5.3.4 Swine
5.3.5 Other Animals
5.3.6 Y-o-Y Growth Analysis, By Livestock
5.3.7 Market Attractiveness Analysis, By Livestock
5.3.8 Market Share Analysis, By Livestock
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Brand
6.1.3.3 By Type
6.1.3.4 By Livestock
6.1.3.5 By Indication
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Brand
6.1.4.3 By Type
6.1.4.4 By Livestock
6.1.4.5 By Indication
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Brand
6.1.5.3 By Type
6.1.5.4 By Livestock
6.1.5.5 By Indication
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Archer Daniels Midland Company
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 FMC Corporation
8.3 E.I. Dupont De Nemours and Company (Dupont Nutrition & Health)
8.4 Darling Ingredients Inc.
8.5 Roquette Freres
8.6 Borregaard ASA
8.7 Gelita AG
8.8 Emsland Starke GmbH
8.9 J. M. Huber Corporation
8.10 Avebe U.A.
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
