North America will dominate the Feed Binders Market
- Vasu T
- Sep 18, 2018
- 2 min read
According to the new market research report by Industry Arc, titled “Feed Binders Market By Type (Clay, Collagen, Gelaten, Molasses, Ligno Sulphates and Others); By Application (Moist, Pellets, Crumbles and Others); By Livestock (Poultry, Swine, Ruminants & Others); By Geography - Forecast(2018 – 2023)” the market is driven by the growth of the aquaculture industry.
North America will dominate the Feed Binders Market
North America dominates the Feed Binders Market during the forecast period, followed by the Asia Pacific. The US is the main consumer of feed binders in the market due to the increasing acceptance of the feed binder technology in industries. The Asia Pacific is the fastest growing market. China is the largest market due to its technological advancement. Countries such as Malaysia and Thailand will see a huge demand for the pellet feeder due to the increasing demand for aquaculture activities and fish products. Russia in Europe and Brazil in Central and South America will also have a considerable growth in feed binders due to the governments' inclination towards reducing meat imports.
Selected Regulatory Analysis done in the full report
The clay segment has the largest share in the Feed Binders Market in the forecast period. The reason for this is the cost efficiency and its low inclusion levels. The Lignosulphonates segment will have the fastest growth in the coming years due to accessibility of raw materials, more knowledge on industrial process, and effective binding characteristics.
Selected driving factors mentioned in the full report
Increasing demand for pellet shaped feed among manufacturers of animal feed will drive the demand for feed pellets.
Growing consumption of meat products will enhance the growth of the feed binders market in the future.
Increasing awareness about animal health among farmers propels the growth of feed binders.
Industrialization of dairy and fish will boost the demand for the aqua feed.
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Key players of the Feed Binders Market
Archer Daniels Midland Company, Borregaard ASA, and Gelita AG are the key players of the feed binders market. Archer Daniels Midland Company manufactures agricultural commodities, products, and ingredients in the United States. Borregaard ASA delivers high performance additives and ingredients to the animal feed industry. Gelita AG manufactures and markets collagen proteins. It provides high standard and technical solutions.
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