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Feed Binders Market Size, Share & Industry Analysis, By Product (Gelatin, Wheat Gluten, Urea-formaldehyde, Polymethylolcarbamide, Clay, Others), By Nature (Natural, Synthetic), By Animal Type (Ruminants, Poultry, Aquaculture, Swine, Others) and Regional Forecast, 2024-2032
Report Format: PDF | Published Date: Ongoing | Report ID: FBI103203 | Status : UpcomingThe increasing production of animal feed especially aquaculture feed in the pellet form is anticipated to drive the global market of feed binders. Binders are widely used to improve feed production and to stabilize feed in water. Unlike livestock feed, feed for aquaculture utilizes an extensive amount of binder to ensure long and good stability of feed in water for animals to consume it.
The steadily increasing demand for meat and meat products worldwide coupled with the rising concerns over animal health have dragged animal feed manufacturers to utilize good quality feed binders which is anticipated to drive the market in the forthcoming years. According to the Food and Agriculture Organization (FAO) of the United Nations, global yearly meat consumption per capita is predictable to extend to 35.3 kg retail weight equivalent (r.w.e.) by 2025. Global meat production is projected to be 16% higher in 2025 than in 2014. This compares with an increase of almost 20% in the previous decade. The prominent players operating in the feed binders market are embarking upon new product development and launch to increase their prominence in the global feed binders industry.
The water stability of pellets mostly hinge on the binders used in the feed which is expected to boost the utilization of binders in the preparation of aquaculture feed. Binders can be solids or liquids with the ability to create bridges, coverings that make strong bonding between inter-particles. Several natural binders have been used to produce hard pellets with the purpose of rising water stability with an affiliated decrease in nutrient loss.
The increasing consumption of high-quality foods such as meat and meat products, eggs, and milk is encouraging animal producers to produce high-quality animal products which is predicted to increase the utilization of nutritive feed binders during the production of animal feed. Some binders such as wheat gluten or starches have nutritive values which is good for animals. Moreover, the multifunctional property of feed binder is predicted to boost their utilization in the preparation of animal feed. For instance, the use of feed binders can help to enhance the nutritive value of feed, it can reduce feed wastage and help to enhance digestion in animals. In addition, the ease of transport offered by application of feed binders owing to its low risk of physical breakdown during handling and transportation is anticipated to leverage the demand for feed binders from feed manufacturers.
The high price of the binders is expected to eventually impact the final price of the animal feed which is predicted to restrain the feed binders market growth in forthcoming years.
Key Players Covered:
- FMC Corporation
- Archer Daniels Midland Company
- DuPont
- Darling Ingredients Inc.
- Borregaard ASA
- Roquette Freres
- Gelita AG
- CP Kelco Inc.
- Emsland Starke GmbH
- Avebe U.A.
Gelatin based binders are considered as a good source of binders as it has the advantage of being fully digestible and it also contain proteins. Colloidal Clay is the traditional binder used in feed pelleting, this binder forms a gel with water and act as a decent binding agent. Moreover, urea-formaldehyde has been considered as a most effective and popular binder for all types of compounded animal feeds production.
The natural feed binders are anticipated to witness significant growth in the global market of feed binders. The rising concerns over animal health and wellness coupled with the smart feed choices has increased the demand for natural animal feed ingredients such as plant gums and starches. The easy digestibility of the natural feed binders is predicted to remain a favorable factor for their increasing utilization in animal feed.
The application of binders in the preparation of ruminants feed is anticipated to hold a considerable share in the global market. The easy digestibility of the pellet feed due to its small size is predicted to boost the utilization of binders in the preparation of ruminants feed. Moreover, the rising utilization of binders in the production of aquaculture feed to stabilize feed pellets and ensure minimum leaching and disintegration of the feed-in water is predicted to drive the feed binders market growth.
Regional Analysis:
North America is anticipated to witness robust growth in the global feed binders market of feed binders owing to the increasing aquaculture industry. In both the United States and Canada, there is robust institutional support for aquaculture and government assurances to raise industry expansion within the region. For instance, the Department of Commerce introduced an aquaculture policy to endorse the development of a sustainable aquaculture industry. The purpose of this 1999 policy comprise of forecast upsurges in production value from the current USD 900 million to USD 5 billion by the year 2025.
Asia Pacific is expected to dominate the global feed binders market owing to the increasing production of poultry and ruminants The increasing concerns over the animal health which is leading to the increased demand for good quality feed is predicted to boost the utilization of nutritive feed binders in the production of animal feed across the region. The increasing meat consumption and production in India, China and Japan will upsurge the demand for animal feed which is expected to positively impact the feed binders industry.
Feed Binders Market Segmentation Analysis
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Key Industry Developments:
- In February 2020, Cra-Vac, Toronto based company announced the launch of its new halal pallet binder. The company actively focused on the production of feed ingredients and binders for use in feed and pellets.
- In August 2019, Pestell Group signed an agreement to acquire Verus Animal Nutrition and Pro-Ag products. Pro-Ag is a supplier of feed ingredients, animal health products, and feed additives. Verus offers performance animal nutrition products. These acquisitions are predicted to help the Pestell Group to enter in the global feed binders market.
- Global
- 2023
- 2019-2022