What is the Historical Analysis of the Feed Binders Market Size?
The feed binders market has seen considerable growth due to a variety of factors.
• There has been substantial increase in the market size of feed binders in the last few years. The market is projected to surge from $5.96 billion in 2024 to about $6.33 billion in 2025, at a compound annual growth rate (CAGR) of 6.2%.
The augmentation during the historical period is primarily due to a surge in demand for animal nutrition, expansion of livestock farming, regulatory backing, along with emphasis on animal health.
What is the Forecasted Growth of the Feed Binders Market Size?
The feed binders market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the feed binders market is anticipated to witness robust growth, with its worth expected to reach $8.33 billion in 2029, aided by a compound annual growth rate (CAGR) of 7.1%.
The predicted expansion in this market during the forecast period can be linked to factors like population increase, urbanization, surge in income levels, commitment to environmental sustainability, and the internationalization of livestock farming. Throughout the forecast period, the prominence of trends such as growing consumer preference for natural and organic binders, emphasis on specialty feed binders, incorporation of functional ingredients, advancements in manufacturing technology, and strategic alliances and collaborations can be observed.
What Are The Primary Growth Drivers In The Feed Binders Market?
The growth of the feed binders market is anticipated to be fueled by the escalating consumption of livestock-based items. These items comprise products made from animals, including meat products, poultry products, such as meat and eggs, fish, shellfish, as well as dairy items like milk and cheese. Feed binders are used in livestock nutrition to ensnare mycotoxins and forestall their entry into the bloodstream which could lead to severe damage in animals. As an example, in March 2022, the Australian Bureau of Statistics, a government agency in Australia tasked with statistical gathering and interpretation, disclosed that in the first quarter of 2022, after accounting for seasonal variations, chicken meat output grew by 3.2%. Hence, the mounting consumption of products derived from livestock is pushing the growth of the feed binders market.
What Is The Segmentation Of The Global Feed Binders Market?
The feed binders market covered in this report is segmented –
1) By Type: Lignosulfonates, Plant Gums And Starches, Gelatin And Other Hydrocolloids, Molasses, Clay, Other Types
2) By Source: Natural, Synthetic
3) By Application: Moists, Pellets, Crumbles
Subsegments:
1) By Lignosulfonates: Sodium Lignosulfonate, Calcium Lignosulfonate
2) By Plant Gums And Starches: Guar Gum, Xanthan Gum, Agar, Starch-Based Binders
3) By Gelatin And Other Hydrocolloids: Gelatin, Carrageenan, Pectin
4) By Molasses: Sugarcane Molasses, Sugar Beet Molasses
5) By Clay: Bentonite, Kaolin
6) By Other Types: Seaweed Extracts, Other Natural Binders
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What Emerging Trends Are Shaping The Feed Binders Market Landscape?
The rising trend of product innovations is prevailing in the feed binder market. The primary companies in the market of feed binders are focused on the invention of new products in order to maintain their market position. For instance, Manaseer Industrial Complex Co, a portion of the Manaseer Group, a company based in Jordan, introduced a mineral-based feed additive named Animax with the ability to bind mycotoxins in April 2022. This product aims to enhance the nutrition, health, and immunity of animals by using its effective mycotoxin binding properties. Its core objective is to curtail the harmful impact of feeding-related mycotoxins, predominantly Aflatoxin B1.
Who Are the Key Players in the Feed Binders Market?
Major companies operating in the feed binders market include:
• The Emsland Group
• DuPont de Nemours Inc.
• Darling Ingredients Inc.
• Roquette Frères
• Borregaard ASA
• CP Kelco Inc.
• Cra-Vac Industries Inc.
• Beneo GmbH
• Kemin Indistries Inc.
• Alltech
• Visco Starch
• BASF SE
• Bentoli AgriNutrition Pvt. Ltd.
• Uniscope Inc.
• Allwyn Chem Industries
• The cooperative Royal Avebe U. A.
• Archer Daniels Midland Company
• FMC Corporation
• Gelita AG
• Ingredion Incorporated
• Kalsec Inc.
• Kerry Group plc
• Novozymes A/S
• Nutreco NV
• Perstorp Holding AB
• Phibro Animal Health Corporation
• Solvay S. A.
• Trouw Nutrition LLC
What are the Regional Insights into the Feed Binders Market?
Asia-Pacific was the largest region in the feed binders market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the feed binders market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
