The African feed binders market was valued at USD 31 million in 2015 and is expected to grow into a USD 33.4 million by 2020 growing at a CAGR of 2.5% during the forecast period. Animal feed binders are used for durability and resistance to physical breakdown during handling and storage of terrestrial and avian feeds. Some binders also have additional nutritional value. Binders are crucial in determining variable levels of firmness adequate to specific feeding behavior.
The report is segmented based on type, animal type, and geography. Based on type, the natural type of binders occupies a major market share followed by the synthetic feed binders. Based on animal type, poultry occupies the major share followed by swine, ruminants, and other animals. Unlike feed for livestock, feed for aquaculture requires an adequate level of processing to guarantee good stability in water, long enough for animals to consume it. Based on Geography, South Africa dominates the market largely followed by Egypt. The major players of the market are Cargill, Nutreco Holdings, DSM, and others.
Key Deliverables in the Study
- Market analysis for the African Feed Binders Market, with region specific assessments and competition analysis on global and regional scales
- Market definition along with the identification of key drivers and restraints
- Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
- Extensively researched competitive landscape section with profiles of major companies along with their market shares
- Identification and analysis of the macro and micro factors that affect the African Feed Binders market on both global and regional scales
- A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
- A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
- Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
