"Yield Higher Revenue with our Exclusive Insights "
The 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 market are embarking upon new product development and launch to increase their prominence in the global market.
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 market growth in forthcoming years.
Key Market Driver -
The Rising Demand for Pellet Shaped Animal Feed
Key Market Restraint -
High Price of the Product
The prominent players operating in the global feed binders market are 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., and Others.
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 market growth.
North America is anticipated to witness robust growth in the global 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.
To gain extensive insights into the market, Request for Customization
By Animal Type
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry