23th January 2019: Global
Feed Binder Market expected to grow at a significant CAGR in the upcoming years
as the scope and its applications are rising enormously across the globe. To
keep the feed as a whole and prevent them from disintegrating, feed binders
used as an important ingredient with basic feed mix. It provides essential
nutrition to animals by producing safe and nutritious products, better pellets
with enhanced digestion, and inhibiting diseases in animals, and improve their
overall growth. Moreover, it raises the feed utility and consumption and
reduces feed wastage. The specialty hydrocolloids, wheat, bentonite & clay,
guar meal & starch, lignin, and others are the natural feed binders.
Whereas, polymethylolcarbamide and urea-formaldehyde are the synthetic feed binders.
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Prominent factors that are playing a major role in
the growth of Feed Binder Market are growing consumption of meat and meat
products, rising awareness regarding animal nutrition, and growing preferences
for pelleted feed. On the other hand, increasing a cost of raw material is a
restraining factor. Feed Binder Market segmented based on type, ingredient
type, livestock, and region. Type into Synthetic Binders and Natural Binders
classify Feed Binder Market. Ingredient type into Wheat Gluten &
Middling’s, Clay, Molasses, Plant Gums & Starches, Gelatin,
Lignosulphonates, hemicellulose, CMC & other Hydrocolloids, and others
(Urea Formaldehyde and Polymethylocarbamide) classify Feed Binder Market.
The clay segment accounted for the largest market
share of Feed Binder Market and led the overall market over the period as a
suitable feed binding agent. The reason being cost efficient and very low
inclusion level. On the other hand, Lignosulphonates segment estimated to grow
at fastest pace over the period. This is mainly due to, accessibility of raw
material, broader knowledge on the industrial process, and effectual binding
characteristics.
Globally, North American regional market accounted
for the largest share of Feed Binder Industry and led the overall market. The
reason being, rising demand for commercial feed in poultry and swine industries
in order to maintain the structural integrity and nutritional composition of
feed pellets. China and India are the major consumers of Feed Binder Industry
in this region. Followed by North America. On the other hand, North American
regional market accounted for the substantial share for Feed Binder Industry.
The key players of Feed Binder Industry are
Borregaard ASA, Archer Daniels Midland Company, Roquette Freres, FMC
Corporation, Darling Ingredients Inc., and E. I. du Pont de Nemours and
Company.
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