Feed Binders Market is Projected to Reach USD 11.14 Million Tons by 2020

Date: 2015-11-05
The feed binders market is projected to reach USD 11.14 million tons by 2020 at a CAGR of 3.2% from 2015. In this report, the feed binders market is segmented by ingredient type, livestock, and region. In 2014, the Asia-Pacific region accounted for the largest share of the global feed binders market in 2014. Feed binders have been of immense importance in developing countries such as China, India, Indonesia, Brazil, and Argentina. China and the U.S. were the leading markets for feed binders in 2014.

Leading players 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). Key strategies have been employed in developing markets of Latin America and Asia-Pacific through the expansion of manufacturing plant capacities to meet the growing need for feed binders in compound feed production. 

Companies engaged in the development and marketing of feed binder portfolio comprising lignin, clay, gelatin, carrageenan, and guar & locust bean gum can avail a concrete view about the market structure in key countries. The report projects the analytical and qualitative requirements for important stakeholders involved in the feed binders market such as compound feed manufacturers & traders, feed formulators & integrators, specialty ingredient manufacturers, and pet food industries.  

The ingredient type is further classified into clay, plant gums & starches, lignosulphonates, hemicellulose, CMC & other hydrocolloids, gelatin, molasses, wheat gluten & middlings, and others that include PMC and urea formaldehyde. The clay segment is estimated to be the largest in 2014, and is projected to grow with the increasing demand from large-scale animal husbandries. 

The feed binders market comprises four livestock types that include poultry, ruminants, swine, and other animals (aquatic animals, pet animals, and equines). The poultry sector dominated the global feed binders market in 2014 and is projected to be the fastest-growing segment. 

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