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Feed Binders Market Trends

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

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Feed Binders Market Trends

The market is experiencing steady growth due to increasing demand for high-quality feed formulations to optimize animal health and performance. Factors such as rising meat consumption, expanding livestock production, and growing awareness of the importance of animal nutrition drive market expansion. Manufacturers are focusing on developing innovative binder solutions that improve feed pellet durability, nutrient retention, and palatability.

Additionally, sustainable, and natural binder alternatives are gaining traction as consumers prioritize environmentally friendly options. Market players are also investing in research and development to enhance product efficacy and address regulatory requirements, ensuring continued growth and innovation in the animal market.

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.