Feed binders have high demand from food sector which is projected to drive growth of the global feed binders market significantly during the forecast period.
The global feed binders market report has been segmented on the basis of ingredient type, livestock type, and region.
On the basis of ingredient type, the global feed binders market has been segmented into clay, plant gums & starches, lignosulphonates, hemicellulose, CMC & other hydrocolloids, gelatin, wheat gluten & middling’s, and other ingredients (molasses and urea formaldehyde). The clay segment is estimated to account for major share in the global feed binders market in terms of revenue. Lignosulphonates segment is anticipated to register fastest growth over the forecast period, owing to their efficient binding characteristics, wider knowledge on the manufacturing process, and easier raw material availability.
On the basis of livestock type, the global feed binders market has been segmented into poultry, ruminants, swine, and other animals (aquatic animals, pet animals, and equines). The poultry segment is expected to account for significant share in the global feed binders market in terms of revenue. In addition, the poultry segment is also anticipated to register fastest growth over the forecast period.
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On the basis of region, the global feed binders market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Market in Asia Pacific is estimated to account for major revenue share in the global feed binders market, owing to increasing demand for meat in the countries in the region. The feed binders market in Asia Pacific is also projected to register fastest growth in terms of revenue in the next five years.
Key players operating in the global market include Darling Ingredients Inc., E.I. Dupont De Nemours and Company (Dupont Nutrition & Health), Archer Daniels Midland Company, FMC Corporation, Roquette Freres, Gelita AG, Borregaard ASA, Emsland Starke GmbH, Avebe U.A., and J. M. Huber Corporation.