Feed Binders Market

Feed Binders Market Size & Growth (2022 - 2027):

Feed Binders Market size was around USD 4352.3 Million in 2021. It is expected to grow at a CAGR of 3.53% to reach USD 5197.0 Million by 2026.

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 concentrations 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. The steadily growing cost of raw materials of feed binders is likely to hinder the growth of the global feed binder market and pose a threat to the industry players over the coming years.

Feed Binders Market Drivers:

One of the major factors fuelling the growth of the 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.

FEED BINDERS MARKET REPORT COVERAGE:

Market Segmentation:

Feed Binders Market – By Brand:

• Darling Ingredients Inc

• Pro-Bind Plus
• Roquette Freres
• Clearam
• E.I.Dupont De Nemours and Company (Nutrition & Health):
• Grindsted
• Archer Daniels Midland Co
• Borregaard ASA

Feed Binders Market – By Type:

• Clay
• Plant Gums & Starches (Plant Gums, Starches)
• Lignosulphonates
• Hemicellulose
• CMC & Other Hydrocolloids (Lignosulphonates, Hemicellulose
• Carboxymethylcellulose
• Other Hydrocolloids)
• Gelatin
• Molasses
• Wheat Gluten & Middlings

Feed Binders Market – By Livestock:

• Ruminants
• Poultry
• Swine
• others

Feed Binders Market – By Region:

• North America
• Europe
• The Asia Pacific
• Latin America
• Middle East & Africa

Presently, Asia-Pacific accounts for the largest market and has the highest CAGR.

Key Players:

Major companies in the Feed Binders Market are Darling Ingredients Inc. (U.S.), Archer Daniels Midland Company (ADM) (U.S.), E. I. du Pont de Nemours and Company (U.S.), FMC Corporation (U.S.), Roquette Freres (France), and Borregaard ASA (Norway).