The Asia pacific feed binders market is projected to register a CAGR of 3.2% during the forecast period. Asia-Pacific was the largest geographical segment of the market studied and accounted for a share of around 33.5% of the global feed binders market. The growth in the feed binder market is primarily because of the expansion of the animal meat market. Increased meat consumption and rise in health concerns in livestock 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. 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.
Key Market Trends
Increased Industrialization of Livestock
The increased demand for meat and animal-based products in the region is driving the market for feed additives like binders. The growth of the feed additives market in the region is mainly driven by the increasing poultry production, rising animal health concerns, and growing industrialization of livestock. Countries like China, Japan, Australia, Thailand are witnessing an increased number of training programs, in order to improve livestock productivity. Studies are being carried out in these countries, to understand the major livestock production problems, opportunities, and potential interventions, particularly in the livestock feed aspects, in order to improve the production and productivity of livestock, thereby, surging the demand for feed additives in these countries. Wheat and wheat gluten are the most efficient and cost-effective feed binding ingredients. Byproducts and distillers’ grains are low in carbohydrate, which is required to properly bind pellets and are less frequently used in the industry. The several uses of binders in the compound feed raise the demand for the same in the feed industry, thereby, driving the market growth in the study period.
Increased Compound Feed Production
The growth of the Feed binder market is primarily because of the expansion of the animal meat market. In Asia pacific, China being the forerunner comprising of half of the market share in the feed binders market which is driven by demand, technology, availability of labor and resources. According to the Alltech 2019, china has the largest number of feed mills in the country resulting in increased feed production in the region. 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. Expansion in animal-derived products market especially fish and fish products and increasing awareness for animal protein have further amplified the market growth.Increased meat consumption and rise in health concerns in livestock in the region 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.
Competitive Landscape
The feed binder market is highly consolidated, with major players dominating the market. The hindered growth of regional markets and local players in different parts of the country is the major factor for the consolidated nature of the market making Asia pacific one of the regions showing maximum competitor activities. Leading companies are looking for innovations in the field by venturing into R&D for better production and management techniques.
Reasons to Purchase this report:
Key Market Trends
Increased Industrialization of Livestock
The increased demand for meat and animal-based products in the region is driving the market for feed additives like binders. The growth of the feed additives market in the region is mainly driven by the increasing poultry production, rising animal health concerns, and growing industrialization of livestock. Countries like China, Japan, Australia, Thailand are witnessing an increased number of training programs, in order to improve livestock productivity. Studies are being carried out in these countries, to understand the major livestock production problems, opportunities, and potential interventions, particularly in the livestock feed aspects, in order to improve the production and productivity of livestock, thereby, surging the demand for feed additives in these countries. Wheat and wheat gluten are the most efficient and cost-effective feed binding ingredients. Byproducts and distillers’ grains are low in carbohydrate, which is required to properly bind pellets and are less frequently used in the industry. The several uses of binders in the compound feed raise the demand for the same in the feed industry, thereby, driving the market growth in the study period.
Increased Compound Feed Production
The growth of the Feed binder market is primarily because of the expansion of the animal meat market. In Asia pacific, China being the forerunner comprising of half of the market share in the feed binders market which is driven by demand, technology, availability of labor and resources. According to the Alltech 2019, china has the largest number of feed mills in the country resulting in increased feed production in the region. 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. Expansion in animal-derived products market especially fish and fish products and increasing awareness for animal protein have further amplified the market growth.Increased meat consumption and rise in health concerns in livestock in the region 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.
Competitive Landscape
The feed binder market is highly consolidated, with major players dominating the market. The hindered growth of regional markets and local players in different parts of the country is the major factor for the consolidated nature of the market making Asia pacific one of the regions showing maximum competitor activities. Leading companies are looking for innovations in the field by venturing into R&D for better production and management techniques.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Archer Daniels Midland Company
- Cargill Inc.
- Dupont
- Kemin Inc.
- Alltech
- Natural Remedies
- Fmc corporation
- Nutreco
Methodology
LOADING...
