Market Size of South America Feed Binders Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.60 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Feed Binders Market Analysis
The South America feed binders market is projected to grow at a CAGR of 3.6% during the forecast period (2020 - 2025). The rise in awareness about the feed and increase in the consumption of quality meat are the factors driving the market in the region. Increased global meat consumption and rise in health concerns in livestock have made the market to consume a higher quantity of feed binders. Brazil Dominates the market owing to higher feed production driven by significant meat production and consumption in the country. According to Alltech global feed survey, Brazil and Argentina are the major producers of feed in the year 2019. Some of the leading players in the studies market are Archer Daniel Midland, Borregaard, Beneo, Avebe, and Promois International.
