Feed Binders Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Feed Binders Market is segmented by Type into Natural and Synthetic, by Animal Type into Ruminant, Poultry, Swine, Aquaculture, and others, by geography into North America, Europe, Asia Pacific, South America, Middle East, Africa, and others.

Market Snapshot

biofungicides market
Study Period:

2016 - 2026

Base Year:

2020

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

CAGR:

3.9 %

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Market Overview

The feed binders market is projected to grow at a CAGR of 3.9% during the forecast period (2020-2025) . In 2019, Asia-Pacific was the largest geographical segment of the market studied and accounted for a share of around 33.5% of the market. The growth in the feed binder market is primarily because of the expansion of the animal meat market. Increased global meat consumption and rise in health concerns in livestock have made the top economies to consume a higher quantity of feed binders. According to the OECD-FAO, the consumption of poultry meat has shown consistent growth. It increased from 120.7 thousand tons in 2016 to 128.8 thousand tons in 2019. Thus, the demand for feed binders to improve animal health is increasing. Since covid-19 is resurging across various countries, the demand for animal meat is severally getting impacted. Therefore, the preference for animal feed binders is likely to decline during the forecast period. Although due to re-opening of various supply chain channels, there has been a consistent supply of meat across the globe owing to the consumption returning to its earlier levels slowly

Scope of the Report

Animal feed binders are used for durability and resistance to physical breakdown during handling and storage of feeds. Some binders also have additional nutritional value. 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. For this reason, the role of binder is crucial in determining variable levels of firmness adequate to specific feeding behavior.

Type
Natural
Synthetic
Animal Type
Ruminant
Poultry
Swine
Aquaculture
Others
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Spain
United Kingdom
Germany
France
Russia
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
Thailand
Australia
Rest of Asia Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
United Arab Emirates
South Africa
Rest of Middle East & Africa

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Key Market Trends

Expansion of Animal Meat Market

The growth of the Feed binder market is primarily because of the expansion of the animal meat market. According to the OECD-FAO, the consumption of animal meat has shown consistent growth. It increased from 320446.22 thousand tons in 2017 to 327230.41 thousand tons in 2019. Increased global meat consumption and rise in health concerns in livestock have made the market to consume a higher quantity of feed binders. The techniques involved in binding the feed to make pellets increase the cost of processing, thereby restraining the growth of feed binders market. Leading companies are looking for innovations in the field by venturing into R&D for better production and management techniques.

Global feed binders market1

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Asia-Pacific dominates the Global Market

Asia-Pacific is the largest market for feed binders with China being the forerunner comprising of half of the market share driven by demand, technology, availability of labor and resources in the sector followed closely by both North America and Europe. Aquaculture feeds is the largest segment among livestock. Leading players have focused on research and development and manufacture of feed binders to capitalize on the growth trend. 

trend2

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Competitive Landscape

The feed binder market is fragmented, with major players accounting for less than 30% of the market. The hindered growth of regional markets and local players in different parts of the world is the major factor for the fragmented nature of the market. Asia-Pacific and North America are the two regions showing maximum competitor activities. The key players in the market are competing against each other mainly by investing in research to launch new products by adopting strategies such as mergers and acquisitions and partnerships.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Industry attractiveness- Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Natural

      2. 5.1.2 Synthetic

    2. 5.2 Animal Type

      1. 5.2.1 Ruminant

      2. 5.2.2 Poultry

      3. 5.2.3 Swine

      4. 5.2.4 Aquaculture

      5. 5.2.5 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Spain

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 Germany

        4. 5.3.2.4 France

        5. 5.3.2.5 Russia

        6. 5.3.2.6 Italy

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 India

        3. 5.3.3.3 Japan

        4. 5.3.3.4 Thailand

        5. 5.3.3.5 Australia

        6. 5.3.3.6 Rest of Asia Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 United Arab Emirates

        3. 5.3.5.3 South Africa

        4. 5.3.5.4 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Beneo

      2. 6.3.2 Borregaard

      3. 6.3.3 Cp Kelco

      4. 6.3.4 Danisco A/S

      5. 6.3.5 Fmc Corporation

      6. 6.3.6 Vetsfarma Ltd.

      7. 6.3.7 Roquette Frères

      8. 6.3.8 Uniscope Inc.

      9. 6.3.9 Allywn Chem Industries

      10. 6.3.10 Visco Starch

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. IMPACT OF COVID-19 ON THE MARKET

**Subject to Availability

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Frequently Asked Questions

The Feed Binders Market market is studied from 2016 - 2026.

The Feed Binders Market is growing at a CAGR of 3.9% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

  • Beneo
  • Borregaard
  • Cp Kelco
  • Roquette Frères
  • Uniscope Inc.

Are the major companies operating in Feed Binders Market.

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