Global Feed Binders Market Size By Type, By Livestock, By Geographic Scope And Forecast

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Global Feed Binders Market Size By Type, By Livestock, By Geographic Scope And Forecast

Feed Binders Market Size And Forecast

Feed Binders Market size was valued at USD 7.34 Billion in 2024 and is projected to reach USD 13.6 Billion by 2031, growing at a CAGR of 8.01% during the forecast period 2024-2031.

Global Feed Binders Market Drivers

The market drivers for the Feed Binders Market can be influenced by various factors. These may include

  • Growing Need For Animal Protein The demand for animal protein is being driven by rising global incomes and population growth. This increases the need for premium animal feed, which necessitates the use of feed binders to maintain feed stability and nutritional content.
  • Growth Of The Livestock Sector One important factor is the growing livestock sector, especially in developing nations. Feed binders are frequently used in the preparation of feed that is efficient and effective due to increased livestock productivity.
  • Developments In Animal Nutrition The creation of sophisticated feed products is the result of ongoing research and development in animal nutrition. These formulations require feed binders in order to improve feed efficiency and animal health. Increased feed efficiency is the result of feed binders improving the physical characteristics of feed, such as the water stability and durability of pellets. By doing this, feed waste is decreased and animal agricultural production is raised overall.
  • Economic Benefits Because feed binders reduce feed loss and improve feed utilisation, they can have a positive economic impact. Livestock farmers save money as a result. Feed binders are encouraged to be used because of regulatory support and quality criteria from the government pertaining to animal feed safety and quality. These rules make sure feed items are wholesome and safe, which frequently calls for the use of binders.
  • Customer Preferences And Knowledge The demand for safe, premium animal feed has surged as a result of consumers’ growing knowledge of the quality of meat and dairy products. The use of feed binders is essential to achieving these quality requirements.
  • Disease Prevention By lowering the amount of mould and toxins in feed, feed binders can help prevent disease. Better-quality animal products and healthier cattle are the results of this.
  • Technological Advancements The market is growing as a result of feed binder technological advancements, such as the creation of natural and eco-friendly binders. These developments meet the need for environmentally friendly and sustainable animal feed options.
  • Growing Pet Food Industry As pet food producers look to enhance the texture, palatability, and shelf life of their goods, feed binders are in high demand due to this growing industry.

Global Feed Binders Market Restraints

Several factors can act as restraints or challenges for the Feed Binders Market. These may include

  • High Raw Material Costs Starch, gelatin, and other polymers are among the primary ingredients used in the creation of feed binders. Price fluctuations for these raw materials can have a big effect on the total cost structure, driving up the price of feed binders and deterring consumers on a budget.
  • Strict Legal Framework The use of feed binders is governed by strict rules set by regulatory agencies like the FDA, EFSA, and others. Adherence to these laws may lead to higher production expenses and restrict the launch of new goods.
  • The Accessibility Of Alternatives Similar functions can be achieved using substitute items such synthetic binders and other natural binders. The availability of these alternatives and their possible preference may limit the market’s ability to grow for feed binders.
  • Technological Restrictions It takes a significant investment in research and development to create feed binders that are both economical and comply with health regulations. Limited technological progress can make it more difficult to create new, better products.
  • Environmental Issues Certain types of feed binders might have negative effects on the environment during production and disposal. Growing worries about sustainability and the environment may result in more stringent laws and a move towards more environmentally friendly options.
  • Saturation Of The Market Growth potential may be restricted in mature markets due to intense competition and market saturation. Long-standing competitors have the upper hand, making it difficult for newcomers to establish themselves.
  • Demand Variations In End-User Sectors The cattle and aquaculture sectors are directly responsible for the need for feed binders. The Feed Binders Market may be impacted by changes in these industries brought on by things like disease outbreaks or shifting consumer habits.
  • Economic Recessions Feed binders’ sales may be impacted by economic uncertainty that lowers spending in the agriculture industry. In hard economic times, farmers and feed manufacturers might save money by using binders less frequently.

Global Feed Binders Market Segmentation Analysis

The Global Feed Binders Market is Segmented on the basis of Type, Livestock, And Geography.

Feed Binders Market, By Type

  • LignosulfonatesThese are industrial byproducts from wood pulping processes. They are widely used in animal feed due to their ability to bind particles, improve pellet quality, and reduce dust formation.
  • Plant Gums & Starches These are natural binders derived from plants, such as guar gum, xanthan gum, and wheat starch. They offer several benefits, including improved pellet quality, increased nutrient digestibility, and reduced feed waste.
  • Gelatin & Other Hydrocolloids Gelatin is a protein derived from animal collagen. Other hydrocolloids include carrageenan and cellulose. These binders help improve water absorption, pellet quality, and nutrient utilization in animal feed.
  • Clay Clay binders are typically used in aqua feed due to their ability to improve water stability and reduce fines.
  • Molasses Molasses is a thick syrup obtained from sugarcane or sugar beet processing. It acts as a binder and palatability enhancer in animal feed.

Feed Binders Market, By Livestock

  • Poultry This is the dominant segment in the Feed Binders Market, driven by the increasing demand for chicken, turkey, and other poultry products.
  • Swine Pig feed also uses a significant amount of binders to improve pellet quality and nutrient utilization.
  • Ruminants This segment includes cattle, sheep, and goats. Binders play a role in improving rumen health and feed efficiency in ruminant animals.
  • Aquatic Animals The growing aquaculture industry is driving the demand for binders in aqua feed to improve water stability and pellet quality.
  • Other Animals This segment includes pets, horses, and other animals. The demand for binders in this segment is smaller but is expected to grow in the coming years.

Feed Binders Market, By Geography

  • North America Market conditions and demand in the United States, Canada, and Mexico.
  • Europe Analysis of the Feed Binders Market in European countries.
  • Asia-Pacific Focusing on countries like China, India, Japan, South Korea, and others.
  • Middle East And Africa Examining market dynamics in the Middle East and African regions.
  • Latin America Covering market trends and developments in countries across Latin America.

Key Players

The major players in the Feed Binders Market are

  • Archer Daniels Midland Company
  • Roquette Frères
  • Darling Ingredients Inc.
  • E. I. du Pont de Nemours and Company
  • FMC Corporation
  • Gelita AG
  • Ingredion Incorporated
  • J. M. Huber Corporation
  • Kent Nutrition Group Inc.
  • CP Kelco U.S. Inc
  • BASF SE
  • Borregaard AS
  • Alltech Inc.
  • Adisseo
  • DSM
  • Kemin Industries

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2021-2031

BASE YEAR

2024

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2021-2023

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Archer Daniels Midland Company, Roquette Frères, Darling Ingredients Inc., E. I. du Pont de Nemours and Company, FMC Corporation, Ingredion Incorporated, J. M. Huber Corporation

SEGMENTS COVERED

By Type, By Livestock, And By Geography

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