Is the Feed Binders Market Poised to Expand in the Coming Years?
Over the last few years, the feed binders market saw a robust growth and is set to expand from its valuation of USD 5.96 billion in 2024 to USD 6.33 billion in 2025 at a CAGR of 6.2%. A surge in demand for animal nutrition, an increase in livestock farming, regulatory support, and a focus on animal health were the key drivers noted during the historic period.
Moreover, the feed binders market is projected to grow up to USD 8.33 billion by 2029 at a CAGR of 7.1%. Population growth, urbanization, rising income levels, environmental sustainability, and globalization of livestock farming are expected to produce positive outcomes within the forecast period. Trends to watch out for include an increase in demand for natural and organic binders, integration of functional ingredients, technological advancements, and strategic partnerships.
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What Key Drivers are Propelling the Feed Binders Market?
The critical driver propelling the feed binders market is the growing consumption of livestock-based products. These include meat, poultry products, fish, shellfish, as well as dairy products like milk and cheese. Feed binders are vital in livestock feed to prevent harmful mycotoxins from entering the animals’ bloodstream. For instance, the Australian Bureau of Statistics reported a 3.2% increase in chicken meat production for the quarter ending March 2022. This trend underscores the pivotal role of the growing consumption of livestock-based products in driving the feed binders market.
How is the Feed Binders Market Segmented?
The feed binders market is differentiated based on:
1) Type: Lignosulfonates, Plant Gums and Starches, Gelatin and Other Hydrocolloids, Molasses, Clay, Other Types
2) Source: Natural, Synthetic
3) Application: Moists, Pellets, Crumbles
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Which Major Players are Operating in the Feed Binders Market?
Significant corporations like 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 are operating in the feed binders market.
What Key Trends Are Emerging in the Feed Binders Market?
Product innovation is a trending factor in the feed binders market. For instance, in April 2022, Jordan-based Manaseer Industrial Complex Co introduced a mineral-based feed additive, titled Animax, with mycotoxin binding capabilities. This product aims to improve animal health and nutrition and reduce the impact of feed-related mycotoxins, especially Aflatoxin B1.
Which Region Is Foreseen To Dominate the Feed Binders Market?
In 2024, Asia-Pacific was the largest region in the feed binders market. North America, however, is anticipated to be the fastest-growing region in the forecast period.
What Does the Feed Binders Market Report 2025 Offer?
The Feed Binders Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. Feed binders are added into livestock feed to improve its performance. They not only help in maintaining the structure and consistency of the feed but also in improving livestock health and feed stability.
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