Feed
binders serve the dual purpose of enhancing the nutritional value of
animal feed as well as holding animal feed pellets firmly together so
they don’t disintegrate easily before being consumed by animals. In
many instances, feed binders also proffer the advantage of preventing
animal feed from decomposing. With an increase in the demand for
animal feed across the world to cater to the mounting consumption of
meat and dairy products, the use of animal feed binders is expected
to rise substantially. According to a Transparency Market Research
report, titled ‘Feed
Binders Market - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast 2015 – 2023,’ the growing consumption of meat
will be the greatest growth driver for the global feed binders
market.
Another
factor that’s also driving the demand for feed binders is that
livestock farmers have begun showing a preference for pelletized
animal feed as it’s easy to handle during transportation and
storage. The wave of organized farming that’s now sweeping across
developing economies will also be responsible for the growth of the
feed binders market. Not just that, feed binders enriched with
nutrition help safeguard the health of livestock and endow them with
better immunity against diseases and infections.
However,
on the other side of this growth story lie a few concerns. Raw
materials that go into the manufacture of feed binders are
increasingly becoming expensive, causing some farmers to defer
purchasing feed binders and look for alternative solutions instead.
The market is controlled by a few top players who, through their
stronghold over the market, make it difficult for new companies to
establish a profitable presence in the feed binders market. In such a
scenario, enjoying economies of scale for new companies becomes
especially challenging.
The
report segments the global feed binders market basis type into: Clay,
gelatin, plant gum and starches, molasses, hemicellulose,
lignosulphonates, wheat gluten and middling, carboxymethyl cellulose
(CMC) and other hydrocolloids, and others.
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Furthermore,
the global feed binders market is classified for a deeper study on
the basis of livestock into swine, poultry, ruminants, and others.
The demand for feed binders in poultry feed is predicted to remain
high until 2023, the report states.
Likewise,
the report also segments the global feed binders market on the basis
of geography into: Europe, Asia Pacific, North America, and the Rest
of the World. The thriving livestock industry in many countries in
North America and Europe has made these regions the traditional hubs
for animal feed and feed binders. However, the status quo is changing
with the Asia Pacific region showing high demand for compound feed.
Companies
profiled in the market to offer a bird’s eye view of the
competitive landscape in the feed binders market include: J.M. Huber
Corporation, BENEO GmbH, Avebe U.A., E.l. du Pont de Nemours and
Company, Archer Daniels Midland Company, The Roquette Group, and
others.
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Us
Transparency
Market Research (TMR) is a global market intelligence company
providing business information reports and services. The company’s
exclusive blend of quantitative forecasting and trend analysis
provides forward-looking insight for thousands of decision makers.
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gather and analyze information.
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data repository is continuously updated and revised by a team of
research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
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