Categories: Market Research

Global Feed Binders Market Size and Forecast 2024-2033|The Emsland Group, DuPont de Nemours Inc., Darling Ingredients Inc., Roquette Frères, Borregaard ASA

The Feed Binders by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Feed Binders, The feed binders market size has grown strongly in recent years. It will grow from $5.62 billion in 2023 to $6.01 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to increasing demand for animal nutrition, livestock farming growth, regulatory support, focus on animal health

The feed binders market size is expected to see strong growth in the next few years. It will grow to $7.85 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to population growth and urbanization, rising income levels:, environmental sustainability, globalization of livestock farming. Major trends in the forecast period include increasing demand for natural and organic binders, focus on specialty feed binders, integration of functional ingredients, technological advancements in manufacturing, strategic partnerships and collaborations.

The increasing consumption of livestock-based products is expected to propel the growth of the feed binders market going forward. Livestock-based products refer to products derived from animals such as meat and meat products, poultry products (meat and eggs), fish, shellfish, and dairy products (milk and cheese). Feed binder is incorporated into livestock feed to trap mycotoxins and prevent them from entering the bloodstream, where they could cause catastrophic injury to the animals. For instance, in March 2022, according to the Australian Bureau of Statistics, an Australian government agency responsible for statistical collection and analysis, in terms of seasonal adjustments for the quarter ending March 2022, chicken meat production increased by 3.2%. Therefore, the increasing consumption of livestock-based products is driving the feed binders market.

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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

Product innovations are a key trend gaining popularity in the feed binder market. Major companies operating in the feed binders market are focused on developing new products to sustain their position in the market. For instance, in April 2022, Manaseer Industrial Complex Co, a part of the Manaseer Group, a Jordan-based company, launched a mineral-based feed additive with mycotoxin binding capabilities named Animax. The product is designed to boost the nutrition, health, and immunity of animals through its effectiveness as a mycotoxin binder and its primary goal is to reduce the harmful effects of feed-related types of mycotoxins, mainly Aflatoxin B1.

The feed binders market report table of contents includes:

1. Executive Summary

2. Feed Binders Market Characteristics

3. Feed Binders Market Trends And Strategies

4. Feed Binders Market – Macro Economic Scenario

5. Global Feed Binders Market Size and Growth

26. South America Feed Binders Market

27. Brazil Feed Binders Market

28. Middle East Feed Binders Market

29. Africa Feed Binders Market

30. Feed Binders Market Competitive Landscape And Company Profiles

Top Major Players: