The Natural or synthetic ingredients are feed binders that are added to improve the feed efficiency. The primary focus of these binders is to control intact the individual feed components and safeguard the decomposition. They also boost animal health by decreasing livestock diseases, in addition to enhancing the stability and steadiness of feed. Gums & starch, clay, hydrocolloids, gelatine, molasses, and wheat gluten are the most prominent binders utilized in feed.
According to the report analysis, ‘Feed Binders Market: Market Segments: By Type (Lignosulfonates, Plant gums & starches, Gelatin & other hydrocolloids, Molasses, Clay and Other); By Livestock (Ruminants, Poultry, Swine, Aquatic animals, Pets and Equine); and Region – Global Analysis by Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030’ states that the worldwide Feed Binder Market owing to improved stability, functionality, low inclusion value, and cost-effectiveness. Growing populace growth, growing consumption of meat products, deducting the preference for pelleted foods, and growing knowledge of animal nutrition and health among individuals are projected to further fuel requirement for Feed Binders throughout the forecast period, leading to growth in the Feed Binder Market throughout the forecast period. Investments in research & development by industry participants to improve the enhanced feed binder products are projected to drive the market for feed binder products. Through the growth of feed binder organizations and the acquisition of corporates in dissimilar regions and countries, the Feed Binder market is increasing.
In addition, the Feed Binders market, which is greatly competitive, comprises of several foremost players such as Archer Daniels Midland Company (US), DuPont (US) hold a substantial market share around the Feed Binders market. Other players analyzed in this report are Darling Ingredients Inc. (US), Roquette Freres (France), Borregaard ASA (Norway), Gelita AG (Germany), CP Kelco Inc. (US), and Avebe U.A. (Netherlands) amongst others.
In addition, the growth of the feed binder industry owes mainly to the enlargement of the market for animal meat. Augmented global consumption of meat and an augment in animal health issues have led the industry to buy a greater volume of feed binders. By venturing into R&D for better production and management strategies, leading businesses are searching for improvements in the industry. The feed industry plays a vital role in solving worldwide food and agriculture issues. Feed manufacturers are becoming more aware of the requirement to augment feed products’ nutritional value in order to develop animal digestibility to optimum levels. It is conceivable to describe compound feed as the final feed product made up of dissimilar raw materials and additives. To augment their nutritional value, shelf-life, and steadiness, additives are added to the feed. The compound feed industry is increasing at a very fast rate, propelling the requirement for new additives to be improved in the feed market. Therefore, in the near years, it is anticipated that the market of feed binders will increase around the globe more effectively over the forthcoming duration.
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Ankur Gupta, Head Marketing & Communications