Market Size of North America Feed Binders Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.70 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
North America Feed Binders Market Analysis
The North America Feed Binders Market is projected to register a CAGR of 3.7% during the forecast period 2020-2025. The growth in the feed binder market is primarily because of the expansion of the animal meat market. Increased meat consumption and a rise in health concerns in livestock in the region have made the market to consume a higher quantity of feed binders. According to the United States Department of Agriculture, the consumption of animal meat has shown consistent growth. In 2018, animal meat consumption has witnessed highest of 266,359 thousand metric tons which were 258,513 thousand metric tons in 2015. Adverse environmental conditions and lack of technology are expected to deter the growth of the market.
