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Feed Binders Market 2023-2032: Future Growth, Competitive Landscape, Regional Segments And Major Players | Emsland-Starke Gmbh, DuPont de Nemours Inc., Darling Ingredients Inc., Roquette Freres, Borregaard ASA
Feed Binders Market
The Business Research Company's Feed Binders Global Market Report 2023 identifies increasing consumption of livestock-based products as the major driver for the Feed Binders Market's growth in the forecast period. 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.
The global feed binders market size will grow from $5.19 billion in 2022 to $5.48 billion in 2023 at a compound annual growth rate (CAGR) of 5.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of feed binders is expected to grow to $6.61 billion in 2027 at a CAGR of 4.8%.
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Major competitors in the Feed Binders Market are Emsland-Starke Gmbh, DuPont de Nemours Inc., Darling Ingredients Inc., Roquette Freres, Borregaard ASA, CP Kelco Inc., Cra-Vac Industries Inc., Beneo GmbH, Kemin Indistries Inc., Alltech, Visco Starch, BASF SE, Bentoli AgriNutrition India Pvt Ltd., Allwyn Chem Industries, and Uniscope Inc.
A key trend in the Feed Binders Market includes Product innovations. Major companies operating in the feed binders market are focused on developing new products to sustain their position in the market. For instance, in February 2020, CRA-VAC Industries Inc., a Canada-based feed binder manufacturer, launched Protein-Plus Halal, an innovative halal pellet binder with an excellent amino acid profile that is also a pork-product-free binder. Protein-Plus Halal is specially designed and developed for feed manufacturers in areas where halal goods are desirable, if not required.
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The Feed Binders Market is segmented -
By Type: Lignosulfonates, Plant Gums And Starches, Gelatin And Other Hydrocolloids, Molasses, Clay, Other Types
By Source: Natural, Synthetic
By Application: Moists, Pellets, Crumbles
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Feed Binders Market.
The Business Research Company's "Global Feed Binders Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Feed Binders Market Include:
1. Executive Summary
2. Feed Binders Market Characteristics
3. Feed Binders Market Trends And Strategies
4. Feed Binders Market - Macro Economic Scenario
5. Feed Binders Market Size And Growth
……
26. Africa Feed Binders Market
27. Feed Binders Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Feed Binders Market
29. Feed Binders Market Future Outlook and Potential Analysis
30. Appendix
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