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Feed Binders Market Analysis

  • Report ID: GMI9226
  • Published Date: Apr 2024
  • Report Format: PDF

Feed Binders Market Analysis

Based on source, the market is segmented into natural, and synthetic. Natural binders are most likely to hold over 65% of the market share in 2032. The trend towards synthetic feed binders is gaining momentum in response to demands for improved feed efficiency and sustainability. Synthetic binders offer precise control over binding properties, ensuring uniform pellet quality and reduced feed wastage. Moreover, they provide enhanced stability during feed processing and storage, prolonging shelf life and minimizing nutrient degradation. Synthetic binders also address concerns about variability and contamination associated with some natural binder sources.
 

Global Feed Binders Market Size, By Type, 2023 Share)

Based on type, the feed binders market is categorized into lignosulfonates, plant gums & starches, gelatin, molasses, clays, and others. Plant gums & starches segment was valued at USD 1.05 billion in 2023 and is likely to grow at a CAGR of 5.6% during the forecast period. The feed binder industry is increasingly turning to plant gums and starches as feed binders due to their natural origin, sustainability, and functional properties. Lignosulfonate is gaining traction in the animal market due to its effectiveness in pelletizing feed, improving digestibility, and reducing dust, contributing to overall market growth.
 

Gelatin adoption is experiencing a growing trend due to its versatility and efficacy in improving pellet quality, ensuring uniformity, and enhancing palatability. As consumers prioritize animal welfare and nutrition, gelatin's benefits contribute to its increasing adoption, driving market growth in the animal feed sector.
 

Based on livestock, the feed binders market consists of poultry, aquaculture, swine, pet, and others. Aquaculture is likely to grow at a CAGR of 4.9% during the forecast period.
 

In aquaculture, the demand for feed binders is on the rise due to the increasing adoption of pelleted feeds for fish and shrimp. Feed binders play a crucial role in ensuring pellet integrity, reducing feed waste, and improving nutrient absorption in aquatic species. Additionally, the shift towards sustainable aquaculture practices and the need for efficient feed utilization are driving the search for effective and eco-friendly binder solutions. Manufacturers are focusing on developing specialized binders tailored to the unique requirements of aquatic feed formulations, thereby contributing to the growth of the aquaculture market as a key component of sustainable aquafeed production.
 

Asia Pacific Feed Binders Market Size, 2021- 2032 (USD Billion)

Asia Pacific dominated the global feed binders market in 2023. In region, the market is witnessing significant growth driven by the expansion of the livestock and aquaculture industries. Increasing demand for high-quality animal nutrition, coupled with the shift towards pelleted feed formats, is boosting the requirement for effective binders. Manufacturers are innovating to develop cost-effective and sustainable binder solutions that enhance feed quality, pellet durability, and animal health. Moreover, the adoption of advanced technologies in feed production and the focus on animal nutrition are driving market expansion.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The global feed binders market was valued at USD 4.2 billion in 2023 and will grow at 5.3% CAGR between 2024 and 2032, driven by increasing demand for pelleted feed.

The natural binders source segment will hold over 65% of the market share by 2032, driven by the increasing need for improved feed efficiency and sustainability.

Asia Pacific feed binders market held a decent share in 2023 and will expand rapidly till 2032, driven by the expansion of the livestock and aquaculture industries.

Adisseo, ADM, Alltech, BASF SE, Borregaard, Cargill, DSM, DuPont, Kemin Industries, and O K Bio Systems among others.

Feed Binders Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 11
  • Tables & Figures: 230
  • Countries covered: 22
  • Pages: 200
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