Global Feed Binders Market is segmented By Type (Lignosulfonates, Plant Gums & Starches, Gelatin & Other Hydrocolloids, Clay, Molasses, Others), By Source (Natural, Synthetic), By Livestock (Poultry, Cattle, Swine, Aquatic Animals, Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023 - 2030
Feed Binders Market Overview
The Global Feed Binders Market size reached US$ 4.9 billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 6.4 billion by 2030. The market is expected to exhibit a CAGR of 3.2% during the forecast period 2023-2030.
Feed binders are employed as binding agents in the production of secure animal feed products. The nutritional value of feeds is increased while also assisting animal digestion owing to such commodities. Additionally, it improves the nutritional value of feed and gives animals the nutrients they require, lowering the risk of livestock diseases. Feed binders help to preserve the feed as a whole, prevent decomposition and meet the nutritional needs of the animals.
The feed binders market growth is anticipated as a result of rising feed demand brought on by the rising consumption of products derived from cattle. Rising manufacturer knowledge of the advantages of feed binders is anticipated to fuel feed binders market expansion during the forecast period of 2023-2030.
Feed Binders Market Scope
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Metrics |
Details |
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CAGR |
3.2% |
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Size Available for Years |
2021-2030 |
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Forecast Period |
2023-2030 |
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Data Availability |
Value (US$) |
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Segments Covered |
Type, Source, Livestock, and Region |
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Regions Covered |
North America, Europe, Asia-Pacific, South America and Middle East & Africa |
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Fastest Growing Region |
North America |
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Largest Region |
Asia-Pacific |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Type Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Feed Binders Market Dynamics
Increasing Demand for Meat Consumption is Driving the Feed Binders Market Growth.
The growth of the animal meat market is the factor that is driving the feed binders market globally. According to the USDA, animal meat consumption has been rising rapidly. From 224.9 pounds in 2021 to 227 pounds in 2022, it increased. Market demand for feed binders has increased due to rising global meat consumption and problems with livestock health. Additionally, the feed industry is essential in finding solutions to the world's food and agriculture issues.
The FAO estimates that there will be a demand for around 1 billion tonnes of compound feed annually. The poultry, dairy, and fish industries are driving a steady rise in the demand for animal protein on a global scale, according to the International Feed Industry Federation (IFIF). By 2050, the FAO projects that there will be a 60% increase in global food demand, with an increase in animal protein consumption of 1.7% each year. As a result, both the need for feed and feed additives like feed binders are estimated to rise.
The High Cost of Raw Materials is Limiting the Market Growth.
The global feed binders market is projected to be negatively impacted by the rising cost of feed binders' raw materials. Although they are very effective binders, binding agents like corn starch, guar gum, agar, gelatin, and carrageenan are very expensive to add to the feed. Farmers choose binders with high cohesive characteristics to lower the amount of inclusion as well as to limit the cost of feed materials, compound feed mixers, or livestock.
Cost-effective binders with inclusion levels between 0.2% and 0.8%, like lignosulphonates and clay, are relatively priced. To maintain their market position, feed products are typically developed and designed with a low overall cost in consideration.
Feed Binders Market Segmentation Analysis
The global feed binders market is segmented based on type, source, livestock, and region.
Rising demand for Lignosulfonates Feed Binders is Expected to Drive the Lignosulfonates Segment Growth.
The global feed binders market has been segmented by type into lignosulfonates, plant gums and starches, gelatin and other hydrocolloids, clay, molasses and others. The lignosulfonates segment held the largest feed binders market share of around 38.7% in 2022 in the feed binders market analysis report.
The growth of the segment is due to their emulsifying, dispersion, and binding capabilities, lignosulphonates are being utilized more frequently to offer structural integrity in the production of feed products. It boosts productivity by enabling the addition of more steam to the compressed pellet production process than hemicellulose. Additionally, ruminants like cattle, sheep, and goats can easily digest these substances. Molasses and hemicellulose extracts can enhance intra-particle cohesion and boost pellet durability, which is the reason they are in high demand.
Feed Binders Market Geographical Penetration
The High Demand for Feed Binders in Poultry Feed is Driving the Market Growth in Asia-Pacific
The Asia-Pacific feed binders market held the largest market share of 48.4% in 2022 in the Feed Binders market analysis. Feed binders are in high demand in Asia Pacific, where they are mostly used in the poultry feed sector.
According to the FAO report "World Agriculture: Towards 2015/2030," the population of developing nations in the Asia Pacific area, including India, China, Indonesia, Vietnam, and Thailand, is expected to increase their consumption of meat products at a pace of 2.4% annually until 2030. Due to these considerations, there is a greater need for high-quality feed and, consequently, feed binders, which improve the structural integrity of feed and lessen the component loss.
Additionally, the top economies now consume more feed binders due to rising livestock health concerns and global meat consumption. The OECD-FAO reports a steady rise in India's consumption of poultry meat. The OECD-FAO reports a steady rise in India's consumption of poultry meat. It increased, going from 3,428.04 thousand tonnes in 2020 to 3,819.24 thousand tonnes in 2021. To improve animal health, feed binders are therefore more popular throughout Asia-Pacific.
Feed Binders Companies and Competitive Landscape
The major global players in the market include Archer Daniels Midland Company, DuPont, Darling Ingredients Inc., Roquette Freres, Borregaard ASA, Gelita AG, CP Kelco Inc., Avebe U.A., Visco Starch and Allywn Chem Industries.
COVID-19 Impact on Feed Binders Market
Global Recession/Ukraine-Russia War/COVID-19 and Artificial Intelligence Impact Analysis:
Covid-19 Impact:
The development of various livestock animals depends heavily on feed, and feed additives play a crucial part in the creation of nutrition-enriched feed. This nutrient-based feed benefits livestock by assisting with brand equity, reproduction and lactation.
The supply chain of raw materials was disrupted by the pandemic and lockdown, which changed global patterns of consumption and manufacturing. Because animals cannot get enough nutrition from regular feed, vitamins, fatty acids, amino acids and trace minerals are added to their regular diet as feed additives.
AI Impact:
A program known as a "digital twin" or occasionally a "digital avatar" can be made using artificial intelligence. It uses all the information that is currently available about an animal, feed mill, or feeding system to produce an exact digital counterpart. Then, at a very low cost or even before anticipated conditions, these digital models can be used to test a variety of scenarios.
For instance, it might enable feed manufacturers to assess the potential nutritional value of ingredients sent during a heat wave that is expected to occur in two weeks. Or it could be used to create models of feed contamination to examine the conditions necessary for a specific mold or bacteria to flourish and how those conditions might be altered.
Key Developments
- In November 2021, TriSorb is a premium toxin binder that Avitech Nutrition, an Indian animal nutrition firm, launched into the animal nutrition feed market. The unique ABC principles of Adsorption, Biotransformation, and Colonization are used in the development of TriSorb, which is intended to counteract mycotoxins.
- In February 2020, a new halal pellet binder with a great amino acid profile and no pork products, Protein-Plus Halal was introduced by CRA-VAC Industries Inc., a Canadian feed binder manufacturer. In regions where halal products are desired, if not required, Protein-Plus Halal was developed especially for feed manufacturers.
- In April 2021, A US-based specialty materials firm named Eastman Chemical acquired 3F Feed & Food for an unknown sum. Eastman wants to accelerate and support the animal nutrition business's continuous global growth through this purchase.
Why Purchase the Report?
- To visualize the global Feed Binders market segmentation based on type, source, livestock, and region, as well as understand key commercial assets and players.
- Identify commercial opportunities in the market by analyzing trends and co-development.
- Excel data sheet with numerous data points of feed binders’ market-level with all segments.
- The PDF report consists of a cogently put-together market analysis after exhaustive qualitative interviews and an in-depth market study.
- Product mapping is available as Excel consists of key products of all the major market players.
The Global Feed Binders Market Report Would Provide Approximately 93 Tables, 109 Figures and 190 Pages.
Target Audience 2023
- Manufacturers / Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
