Feed binders are broadly categorized based on their type into clay, collagen, plant gums & starches, lignosulphonates, gelatin, molasses and others that include wheat gluten, PMC and urea formaldehyde. The feed binders market is also segmented on the basis of livestock into poultry, ruminants, swine, cattle, aquaculture, equine and other animals which includes pet animals and equine animals. Based on the type of applications they serve, the market is categorized into moists, pellets and crumbles. Escalating consciousness over the prominence of health and hygiene of livestock has been a noteworthy factor which eventually propels the market to grow. Feed binders bring about constancy and firmness to feed pellets and improves the palatability of the feed along with enriching the nutrition levels of the feed.
The feed binders market is estimated to grow at a CAGR of XX% to reach XX billion by 2021. The market for feed binders in the Asia-Pacific region is anticipated to reach nearly xx billion by 2021 and will probably remain a stronger market than European and North American regions for the next five years. The Asia-Pacific region accounted for the second largest market share in 2015 and is anticipated to be the fastest-growing market during the forecast period.
North America is the largest market for feed binders, which is followed by APAC, with the U.S being the major contributor in North America. Asia-pacific region is forecast to have highest progress during the forecast period of 2016 to 2021, attributed mainly due to the increasing acceptance of feed binders technology in industrial applications. Asia-pacific feed binders market accounts to xx% of the global market for feed binders technology for health market and is the fastest growing market followed by north americas. In nort america fertilizers industry as well as feed industry is the major end users of feed binders market for health. Sample Companies Profiled in this Report are:
- Archer Daniels Midland Company (The U.S.)
- FMC Corporation (The U.S.)
- Borregaard ASA (Norway)
- Gelita AG (Germany)
- Roquette Freres (France)