The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s feed binders market report forecasts the feed binders market size to grow to $6.61 Billion by 2027, with a CAGR (compound annual growth rate) of more than 4%.

Learn More On The Feed Binders Market Report 2023 – https://www.thebusinessresearchcompany.com/report/feed-binders-global-market-report

Feed Binders Market Size Forecast
The global feed binders market is expected to grow from $5.19 billion in 2022 to $5.48 billion in 2023 at a compound annual growth rate (CAGR) of 5.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The feed binders market size is expected to grow to $6.61 billion in 2027 at a CAGR of 4.8%.

Asia-Pacific held the largest feed binders market share, and North America was the fastest-growing region in 2022.

Key Feed Binders Market Driver ­– Increase In Consumption Of Livestock-Based Products
For instance, in March 2022, according to the Australian Bureau of Statistics, an Australian government agency responsible for statistical collection and analysis, in terms of seasonal adjustments for the quarter ending March 2022, chicken meat production increased by 3.2%. Therefore, the increasing consumption of livestock-based products is driving the feed binders market.

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Key Feed Binders Market Trend – Product Innovations
Major companies operating in the feed binders market are focused on developing new products to sustain their position in the market. For instance, in February 2020, CRA-VAC Industries Inc., a Canada-based feed binder manufacturer, launched Protein-Plus Halal, an innovative halal pellet binder with an excellent amino acid profile that is also a pork-product-free binder. Protein-Plus Halal is specially designed and developed for feed manufacturers in areas where halal goods are desirable, if not required.

Feed Binders Market Segment
1) By Type: Lignosulfonates, Plant Gums And Starches, Gelatin And Other Hydrocolloids, Molasses, Clay, Other Types
2) By Source: Natural, Synthetic
3) By Application: Moists, Pellets, Crumbles

Feed Binders Market Major Players and Strategies
Major players in the feed binders market are Emsland-Starke Gmbh, DuPont de Nemours Inc., Darling Ingredients Inc., Roquette Freres, Borregaard ASA, CP Kelco Inc., Cra-Vac Industries Inc., Beneo GmbH, Kemin Indistries Inc., Alltech, Visco Starch, BASF SE, Bentoli AgriNutrition India Pvt Ltd., Allwyn Chem Industries, and Uniscope Inc.

In April 2021, Eastman Chemical, a US-based specialty materials company, acquired 3F Feed & Food for an undisclosed amount. Through this acquisition, Eastman aims to boost and support the ongoing global growth of its animal nutrition business. 3F Feed & Food is a Spain-based developer of additives for animal feed and human food operating in the feed binders market.

The Feed Binders Global Market Report 2023 covers regional data on feed binders market size, feed binders market trends and drivers, opportunities, strategies, and feed binders market competitor analysis. The countries covered in the feed binders market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Feed binders refer to the ingredients added to the feed to enhance the livestock’s feed performance. These are the ingredients that are used to keep feed components intact to maintain the structure and consistency of the feed and prevent the decomposition of feed ingredients. They are also used to improve livestock health, reduce livestock diseases, and improve the stability of the feed.

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