The global feed binders market was valued at USD 4665.02 million in 2023 and is anticipated to reach USD 4829.70 million in 2024 from USD 6374.55 million by 2032, growing at a CAGR of 3.53% from 2024 to 2032.
Feed binders are employed for several purposes, such as improving animal digestion, enhancing the nutritional value of feed, and reducing feed wastage. Feed binders produce nutritious and safe products along with preventing the feeds from disintegrating. They further aid the production of water stable and easy consumable feeds. Feed binders aid in enhancing the feed quality, thereby improving the health and performance of animals, which, in turn, enhances the quality of food and yield produced from animals.
They are also utilized for varying quantities and concentrations depending on the species. The advantages of feed binders include better animal performance, disease control, and enhanced material handling. Feed conversion is preferred over pelleted feed comparatively which comprises feed fed as mash. The steadily growing cost of raw materials of feed binders is likely to hinder the growth of the global feed binder market and pose a threat to the industry players over the coming years.
One of the major factors fuelling the growth of the feed binders market is the growing consumption of various kinds of non-vegetarian food worldwide. In addition, the shift in consumer preference towards pallet-shaped feed is also likely to bolster the demand for feed binders in the near future. Furthermore, the growing trend of organized farming is lifting the consumption of compound feeds by backyard farms and domestic feed integrators. The rising awareness regarding animal health among farmers is also another factor that is estimated to boost the growth of the global feed binders market.
However, the growing cost of raw materials is likely to act as a prime inhibitor in the growth of the market. The market is also likely to be adversely impacted by the barriers to entry as old players keep challenging the entry of new players.
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2023 to 2032 |
|
Base Year |
2023 |
|
Forecast Period |
2024 to 2032 |
|
CAGR |
3.53% |
|
Segments Covered |
By Brand, By Type, By Livestock, By Region |
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
|
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
|
Market Leaders Profiled |
Darling Ingredients Inc. (U.S.), Archer Daniels Midland Company (ADM) (U.S.), E. I. du Pont de Nemours and Company (U.S.), FMC Corporation (U.S.), Roquette Freres (France), and Borregaard ASA (Norway) |
Presently, Asia-Pacific accounts for the largest market and has the highest CAGR.
Major companies in the Feed Binders Market are Darling Ingredients Inc. (U.S.), Archer Daniels Midland Company (ADM) (U.S.), E. I. du Pont de Nemours and Company (U.S.), FMC Corporation (U.S.), Roquette Freres (France), and Borregaard ASA (Norway).
By Brand
By Type
By Livestock
By Region
Related Reports
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2500
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]
Reports By Region