The Middle East and Africa feed binders market size is expected to reach USD 129.99 million in 2024 and reach USD 148.51 billion by 2029, growing at a CAGR of 2.7% from 2024 to 2029.
It captures 3% of the global market. 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 global 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 binder 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.
This research report on the Middle East and Africa feed binders market is segmented and sub-segmented into the following categories:
Middle East and Africa Feed Binders Market – By Brand:
Middle East and Africa Feed Binders Market – By Type:
Middle East and Africa Feed Binders Market – By Country:
By geography, the Middle East and Africa feed binders market has been categorized into the Middle East and Africa. It is last in terms of market share. UAE is the leading player in the region.
KEY MARKET PLAYERS:
Major companies in the feed binders market are Archer Daniels Midland Company (ADM) (U.S.), FMC Corporation (U.S.), E. I. du Pont de Nemours and Company (U.S.), Darling Ingredients Inc. (U.S.), Roquette Freres (France), and Borregaard ASA (Norway).
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