Feed Binders Market Overview
Feed Binders keep the various elements making up animal feed together and prevent decomposition. The feed binders also improve the quality of the feeds and prevent diseases in the livestock. Other benefits of feed binders include minimal waste production, reduced dust and easy handling of the feeds.
The value of the global feed binders market was USD 4.5 billion in 2020. It is expected to reach USD 5.1 billion in the year 2025. The CAGR in this period is likely to be 3%. The growth of the feed binders market is mainly being driven by the rising global demand for protein-rich meat coming from healthy animals. The development of innovative products in the feed binders industry is also likely to propel the growth of this market in the forecast period.
Covid-19 pandemic significantly reduced the demand for meat which had a damaging impact on the feed binders market. However, with the global meat consumption returning to previous levels, the feed binders market is likely to pick up the pace.
The major players in the feed binders market
- I. du Pont de Nemours and Company (U.S.)
- Archer-Daniels-Midland Company (U.S.)
- M. Huber Corporation (U.S.)
- CP Kelco U.S., Inc. (U.S.)
- Darling Ingredients Inc. (U.S.)
- Roquette Freres S.A. (France)
- Emsland-Starke GmbH (Germany)
- FMC Corporation (U.S.)
- Gelita AG (Germany)
- Avebe U.A. (the Netherlands)
The feed binders market research is divided into natural and synthetic based on type. In terms of application, the feed binders market is divided into poultry, swine, ruminants, aquaculture, and others.
Natural feed binders are made using natural ingredients such as gum, starch, and grains. The natural feed binders improve the consistency of animal feed, enhance the nutritional value of the feed, increase the shelf life, and reduce dust and waste. The natural segment of the feed binders market is likely to account for the largest share in the forecast period.
Synthetic feed binders are made of synthetic chemical compounds and come in the form of powders, liquid concentrates, and pellets. They are used to improve the edibility of feeds, improve the nutritional values of low-quality feeds, and reduce wastage. Among synthetic feed binders, the lignosulphonates segment is projected to grow the fastest.
When it comes to application, the poultry segment is projected to account for the largest share in the feed binders market in the forecast period. The rise in global demand for poultry products and the consequent focus on quality are the main reasons behind the high growth of this segment.
On the basis of regions, the global feed binders market share has been divided into North America, Asia Pacific, South America, Europe, and the rest of the world.
North America has the largest share in the feed binders market, mainly due to the high demand for high quality feeds in the USA. However, the fastest-growing market is the Asia Pacific region. The demand for high quality feeds in this region due to rising meat consumption, especially in India, China, Thailand, and Vietnam, is driving the growth of the feed binders market.
- Cargill Animal Nutrition and Health launched a mycotoxin feed binder called Notox Pro in November 2019. It prevents mycotoxins from contaminating animal feeds
- Darling Ingredients Inc. acquired 50% share in the joint venture of EnviroFlight owned by Intrexon Corporation in January 2020
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