New York City, NY, 17 December, 2019/ 24 Market Reports: It is estimated for the global feed binders market to reach from USD 5.11 million by 2025 from that of USD 4.15 billion in 2019 witnessing the growth at a CAGR of 3.2% during the forecast period of 2019 to 2025. Due to the increase in the consumption of the livestock-based products, there is a rise in the demand for feed which is driving the growth of the market during the forecast period. The increasing awareness among the manufacturers about the benefits offered by the feed binders is the reason for the growth of the market during the forecast period. Feed binders are observed to improve the benefits of feed materials to reduce the operational costs right from the manufacturing stage to the consumption the stage. These factors are increasing the growth of the global feed binders market during the forecast period.
Lignosulphonates, hemicellulose, CMC & other hydrocolloids segment to grow at the fastest rate during the forecast period
The Lignosulphonates, hemicellulose, CMC & other hydrocolloids segment are projected to be the fastest-growing segment in the market during the forecast period. Due to their binding, dispersing, and emulsifying properties in the manufacture of feed products, to provide structural integrity the use of the segment takes place. During the production of compressed pellets than hemicellulose, it helps in adding more steam and hence enhancing the overall productivity. Also, these products are easily digestible by ruminants, particularly cattle, sheep, and goats.
Poultry segment to hold the largest share in the global feed binders market during the forecast period
During the forecast period, it is estimated for the poultry segment to hold the largest share in the global feed binders market. To achieve high quality and greater production, clay and lignosulfonates are some of the significant feed binders used in the poultry feed. On a global level, the total poultry production continues to increase, and with such growth in poultry production and consumption, it has become essential for meat producers to focus on the quality of meat. This provides a complete nutritional feed for poultry and thus is projected to drive the growth for the feed binders market.
Increasing cost of raw materials to hinder the growth of the market during the forecast period
The increase in the growth of population is driving the growth for the feed binders market. Also, the increasing disposable income of the people around the globe is increasing the share of the market during the forecast period. However, the increase in the cost of raw materials is likely to hamper the growth of the market during the forecast period.
Asia Pacific region to dominate the global market throughout the forecast period
The Asia Pacific and Latin America regions are witnessing a significant amount of growth in feed binders for use mainly in the poultry feed industry. Countries in the Asia Pacific such as India, China, Indonesia, Vietnam, and Thailand are projected to witness a significant growth in the feed binders market owing to the increasing consumption of meat during the forecast period.
The following are the major objectives of the study:
- To define, describe, and forecast the global feed binders market on the basis of product, application and region.
- To provide detailed information regarding major factors influencing growth of the market (drivers, restraints, and opportunities).
- To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contributions to the overall market.
- To analyze the opportunities in the market for key stakeholders and provide details of the competitive landscape for leading market players.
- To forecast the size of the market segments with respect to four main regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
- To strategically profile the key market players and comprehensively analyze their market shares and core competencies.
- To track and analyze competitive developments such as acquisitions, expansions, new product launches, agreements, and collaborations in the global feed binders market.
Critical Questions which the report answers:
- What are the major vendor/manufacturers in the market? What is their growth potential during next decade?
- What are the key revenue generating pockets for global feed binders market and their future potential during next decade?
- How competitive landscape is evolving in minimally global feed binders market?
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