The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Feed Binders Global Market Report 2024, the feed binders market is expected to show significant growth in the forecast period.

The feed binders market has experienced robust growth, surging from $5.62 billion in 2023 to a projected $6.01 billion in 2024, showcasing a compound annual growth rate (CAGR) of 6.9%. This expansion is attributed to factors such as the increasing demand for animal nutrition, the growth of livestock farming, regulatory support, and a heightened focus on animal health. Looking ahead, the market is expected to maintain its strong trajectory, reaching $7.85 billion in 2028, driven by population growth, urbanization, rising income levels, environmental sustainability, and the globalization of livestock farming. Key trends in the forecast period include a growing demand for natural and organic binders, a focus on specialty feed binders, integration of functional ingredients, technological advancements in manufacturing, and strategic partnerships and collaborations.

Rising Consumption of Livestock-Based Products

The surge in the consumption of livestock-based products is poised to be a significant driver for the feed binders market. These products encompass a wide range, including meat, poultry, fish, shellfish, and dairy. Feed binders play a crucial role in livestock feed, trapping mycotoxins to prevent potential harm to animals. For example, recent data from the Australian Bureau of Statistics indicates a 3.2% increase in chicken meat production for the quarter ending March 2022. This underscores the critical role of feed binders in ensuring the health and well-being of livestock.

• Major companies in the market include:
  • The Emsland Group
  • DuPont de Nemours Inc.
  • Darling Ingredients Inc.
  • Roquette Frères
  • Borregaard ASA
  • CP Kelco Inc.
  • Cra-Vac Industries Inc.
  • Beneo GmbH
  • Kemin Indistries Inc.
  • And many more…

View More On The Feed Binders Market Report 2024 – https://www.thebusinessresearchcompany.com/report/feed-binders-global-market-report

Focus on Launch of Innovative Products

A notable trend in the feed binders market is the emphasis on product innovation by major companies. This focus on developing new and effective products is crucial for sustaining market positions. For instance, Manaseer Industrial Complex Co., based in Jordan, launched Animax in April 2022, a mineral-based feed additive with mycotoxin binding capabilities. This innovative product aims to enhance nutrition, health, and immunity in animals, primarily by reducing the harmful effects of feed-related mycotoxins, particularly Aflatoxin B1.

• Eastman Chemical’s Strategic Acquisition

In April 2021, Eastman Chemical, a US-based specialty materials company, made a strategic move by acquiring 3F Feed & Food, a Spain-based developer of additives for animal feed and human food. This acquisition, aimed at supporting the global growth of Eastman’s animal nutrition business, showcases the importance of strategic collaborations in the feed binders market.

Market Segmentation

The feed binders market is segmented based on several key factors:

1. Type:
   • Lignosulfonates
   • Plant Gums And Starches
   • Gelatin And Other Hydrocolloids
   • Molasses
   • Clay
   • Other Types
2. Source:
   • Natural
   • Synthetic
3. Application:
   • Moists
   • Pellets
   • Crumbles

Regional Dynamics

In 2023, Asia-Pacific emerged as the largest region in the feed binders market, reflecting the region’s strong presence in the livestock industry. Looking forward, North America is anticipated to be the fastest-growing region in the forecast period, highlighting the evolving dynamics of the global feed binders market.

Conclusion

The feed binders market continues to evolve, driven by the increasing demand for animal nutrition, technological advancements, and a global focus on sustainable farming practices. As the market expands, innovations in product development and strategic collaborations will play a pivotal role in shaping the industry’s future. With a focus on enhancing livestock health and meeting the growing demand for livestock-based products, the feed binders market is poised for sustained growth and transformative developments.

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