Animal feeds make use of feed binders to increase their nutritional value. Feed binders are majorly used to hold the feed together to maintain structural integrity and in-turn reduce feed wastage. Due to the high cost of the animal feeds, the feed binders market has been expanding since it reduces the dusty nature of the feed. Feed binders improve the quality of the feed to reap products with a high nutritive value per ounces consumed post-production.
This report focuses on all the drivers, restraints, and challenges faced by the feed binders’ market, it also helps us develop a comprehensive view of the expanding market segments. To gain insights wit respect to the applications, the value chain of this market has been studied thoroughly and it is seen that this market heavily depends on vertical integration. To further analyse this report, it is segmented as application, and region.
The growing awareness about animal health and the prevention of diseases is one of the key drivers for this market. Feed binders keep the integrity of a feed pellet intact by acting as an adhesive that holds the feed together. This, in turn, reduces the wastage of feed and at the same time, it improves the nutrition value of the same. Health benefits of feed binders have been becoming increasingly popular because of which this market is booming. Moreover, as of 2019, the growing consumption of livestock-based products was one of the drivers of this market.
The global market for the feed binders is expected to account for USD 4 Billion in 2020 and it is anticipated to grow up to a value of USD 7 Billion by the year 2028. The market is probable to grow with a CAGR of 6% during the forecast period 2020-2028. APAC is expected to dominate the global market with a market revenue that accounts for more than one-third of the global market size. China is the major consumer of the meat market and it contributes to the growth momentum of APAC. Moreover, the health benefits associated with feed binders are becoming increasingly popular in this region thus leading to a surge in the demand for the same.
The pandemic in hand is expected to have an impact on the global market for feed binders, demand for safe and efficient means of production is probable to spur. The feed binders market is segmented based on type, livestock, and region. Based on type, the market is dominated by the Lignosulphonates, hemicellulose, CMC & other hydrocolloids segment owing to their binding, dispersing, and emulsifying properties that aid structural integrity during the production of feed binders. Based on livestock, the poultry segment leads this market due to the increasing consumption of poultry-based products.
The study period of the report titled, "Global feed binders-Market and Technology Forecast to 2028
" ranges from 2018-2028, and the forecast period is from 2020-2028. This market is segmented based on Application, and region.
This report is aimed at:
Segmentation covered in this Report:
- An extensive analysis of the drivers, restraints, and challenges and their effect on the changing global market has been provided in this report.
- Impacts of forthcoming technologies on the global market trends have been discussed.
- A comprehensive mapping of the competitive market shareholder has been provided
- Porter’s Five Forces and PESTLE Analysis has been used to provide a strategic outlook of this market.
- The high growth areas have been discussed in the chapter based on opportunities.
- The challenges experienced within this market has been brought to light.
The market is segmented based on application, and region.
Based on the Region:
Based on the Livestock
- North America
- Asia Pacific
- the Middle East
- Rest of the World (RoW)
Based on Application:
Based on Type:
- Plant Gums & Starches
- Lingo Sulphonates
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Who is this report aimed for:
- The drivers, restraints, and challenges of this market have been explored in this report, hence it could be used by industry professionals before capitalizing on the opportunities provided by this market.
- The changing market trends concerning all the challenges faced during the forecast period have been studied. Therefore, this report can be used by potential players to understand the changing market dynamics before entering this industry.
- Both near term and long term objectives can be constructed by existing companies with the help of this report since it ranges to a forecast period of 2028.
- The new opportunities provided by this market can be studied by the existing players to expand their scope.
- The sales team could make use of this report to understand the changing demand of the market which could help them make more sales.
- Feed Binders Manufacturers: Can use this report to comprehend the global demand for this product and further enhance manufacturing processes according to the same.
- Financial Institutions: Can use this report to study the hot-spots of this market and make financial investments concerning the same.
- Governments, Associations, and Industrial Bodies: Can use this report to understand the opportunities provided by this market to look for scope in terms of expansion.
- Sales Teams: Can use this report to understand the insights based on the products of this market, which could help them strategize their sales to a specific audience.