Amsterdam, NL - July 20, 2020 -
Feed Binders are used in animal feeds to increase its nutrition value so that the food intake meets the dietary demands post-consumption. They are also used to hold the animal feed as a whole, so that the amount of feed wastage reduces. Therefore, feed binders are used to maintain the pellet integrity. Feed binders are hence used to improve the feed quality which in turn benefits the health of the animals and the standard of products received from them. The expanding meat industry is one of the factors that has been positively augmenting the feed binders market.
The rise in demand for feed binders was due to the increased consumption of livestock-based products in the year 2019. Moreover, growing awareness about the health benefits of feed binders is projected to drive the growth of the market during the forecast period. They reduce the dusty nature of fine ground feed materials, therefore, reducing wastage of feed and at the same time increasing the nutrition value. Growing focus on animal health to prevent diseases has been one of the key drivers of this market.
This report takes into account the value chain of this market and provides analysis for the applications of the same as well. To strategically analyse the growth of this market this report titled,” The global feed binders-Market and Technology Forecast to 2020” is segmented based on application and region. Based on application the segment comprises of Moist, Pellets, Crumbles and Others. The applications segment is sub-segmented on the basis of type as Clay, Gelatin, Collagen, Plant Gums & Starches, Molasses, Lingo Sulphonates and Others. The livestock segmentation based on region is further characterised by Poultry, Swine, Aquaculture, Ruminants and Others. The regional segment comprises of NA EU, APAC, Middle East and RoW.
The global market revenue for the feed binders’ market is approximated to reach a value of USD 5 Billion in 2020 and it is expected to grow up to a value of USD 8 Billion by the year 2028. The market is expected to grow with a CAGR of 7% during the forecast period. The feed binders market is segmented based on application and region. Based on type, the Lignosulphonates, hemicellulose, CMC & other hydrocolloids segment is the fastest-growing segment during the forecast period. This is due to the use of their binding, dispersing, and emulsifying properties during the manufacture of feed material, this factor is particularly used to provide pellet integrity.
Based on livestock, the poultry segment is anticipated to lead the market owing to the increased consumption of poultry-based products. Although in advent to coronavirus, the production of this segment does not come to a halt, rather it is predicted to spur demand for effective and safe food production. On a global scale, the Asia Pacific and Latin America are projected to experience an increase in demand concerning the consumption of poultry-based products.
APAC is expected to dominate the global market with a market revenue of 33.33% of the global market size, with China being the key market contributor owing to increasing demand and availability of resources as well as labour.
North America and Europe follow the market trend very closely due to the increasing industrialisation of the meat sector. Although, there have been drastic shifts in the regional production of meat and hence feed binders due to the advent of coronavirus. Therefore, it is expected to cause a rise in demand for safe and efficient food production techniques, the production of meat or food binders is not expected to come to a halt. Opening economies like APAC and growing demand for low-cost food supplies in NA is expected to propel the market growth.
The study period of the report titled, "Global feed binders - Market and Technology Forecast to 2020
" ranges from 2018-2028, and the forecast period is from 2020-2028. This market is segmented based on livestock, and region.
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