Zion Market Research, the market research group announced the analysis report titled ‘Feed Binders Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2015 –2024′
Feed binders are products that are used to bind or hold the various feed components together into stabilized feed form. Some binders are made by cereal grains or plants and offer nutrients to the diet. There are some techniques involved in feed binding such as pelleting, steaming/cooking, gelatinize or partially gelatinize natural starches in the feed ingredients which help to bind the feed together. Feed binders are mainly used in animal feed to produce safe products, nutritious and better pellets which result in improved digestion in animals.
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The feed binders market is mainly driven by increasing consumption of not- vegetarian food. Furthermore, increase in the demand for pellet shaped feed among the manufacturers of animal feed is expected to drive the market growth in the years to come. Moreover, the increasing concern for animal health globally is also a key factor contributing to the growth of the market within the forecast period. However, the high cost of raw materials for feed binders may hamper the market growth in the near future. Nonetheless, strong demand for compound feed is expected to open up new growth avenues in the years to come.
The report covers forecast and analysis for the feed binders market on a global and regional level. The study provides historic data of 2015 along with a forecast from 2015 to 2021 based on revenue (USD Million). The report also offers the detailed competitive landscape of the global feed binders market. It includes company market share analysis, the product portfolio of the major industry participants.
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The report provides detailed segmentation of the feed binders market based on type segment and region. Based on the type, the feed binders market can be segmented into plant gums & starches, gelatin, clay, hemicellulose and others. Plant gums & starches and clay segment is expected to show significant growth in the near future.
Geographically, the market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, further bifurcation of a region on the country level, which includes U.S., Germany, UK, France, China, Japan, and India. Among all-region, Asia Pacific was leading segment of feed binders market and is expected to exhibit strong growth over the forecast period. This growth is mainly due to strong demand for pet food coupled with increasing animal health awareness. North America accounted for significant share of feed binders market.
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Some of the key players in feed binder market including, Archer Daniels Midland Company, FMC Corporation, E. I. du Pont, Darling Ingredients Inc, Roquette Freres and Borregaard ASA
This report global feed binders market is segmented into following types: Product Segment Analysis (Clay, Hemicellulose, Plant Gums & Starches, Gelatin, Others). Regional Segment Analysis( North America (U.S.), Europe (UK, France, Germany), Asia-Pacific (China, Japan, India), Latin America(Brazil, Middle East & Africa)
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