The feed binders market is projected to reach USD 4.96 Billion by 2020 Joe Mixon Color Rush Jersey , at a CAGR of 3.4% from 2015 to 2020. Feed binders are used to bind the different feed particles together and keep a stabilized feed form. The market for feed binder products has a significant impact in the animal meat industry. Feed binders are broadly categorized based on their type into clay, plant gums & starches, lignosulphonates, hemicellulose, CMC & other hydrocolloids, gelatin John Ross Color Rush Jersey , molasses, wheat gluten & middlings, and others that include PMC and urea formaldehyde. The feed binders market is also segmented on the basis of livestock into poultry, ruminants, swine, and other animals which includes aquatic animals Jessie Bates III Color Rush Jersey , pet animals, and equines.
Download PDF Brochure: > Growing awareness regarding the importance of health and hygiene of livestock has been a significant driving force for this market after the immense livestock loss caused by avian flu outbreaks in Asia-Pacific countries. Binders bring about stability to feed pellets, enhance the palatability of the feed, and are also used to enrich nutrition levels.
The market for feed binders in the Asia-Pacific region is projected to reach nearly USD 1.63 Billion by 2020 and is expected to remain a stronger market than European and North American regions in the next five years. The Asia-Pacific region accounted for the largest market share in 2015 and is projected to be the fastest-growing market during the forecast period.
The key players in this market have been involved in the process of developing a range of customized solutions to target specific needs of livestock breeders. Thus, the feed binders market has been gaining more global presence and acceptance among customers. Leading participants in the feed binders market include Archer Daniels Midland Company (ADM) (U.S.), FMC Corporation (U.S.) Billy Price Color Rush Jersey , E. I. du Pont de Nemours and Company (U.S.), Darling Ingredients Inc. (U.S.), Roquette Freres (France), and Borregaard ASA (Norway). Expansions and acquisitions have been the key growth strategies to increase the global presence of the leading players in the feed binders market.
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