Feed Binders Market Worth 4.96 Billion USD by 2020

PUNE, India, November 2, 2015 /PRNewswire/ --

The report "Feed Binders Market by Type (Clay, Plant Gums & Starches, Gelatin, Molasses, Lignosulphonates, Hemicellulose, CMC & Other Hydrocolloids, Wheat Gluten & Middlings, Others), Livestock (Poultry, Swine, Ruminants, Others), & by Region - Global Forecast to 2020", published by MarketsandMarkets, The Feed Binders Market, in terms of value, is projected to increase to USD 4.96 Billion by 2020 at a CAGR of 3.4% from 2015.

Browse more than 92 market data Tables with 63 Figures spread through 160 Pages and in-depth TOC on "Feed Binders Market"

http://www.marketsandmarkets.com/Market-Reports/feed-binder-market-225613386.html

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The market report defines and segments the Feed Binders Market with analysis and projections of the size of the market both in terms of volume and value. It also identifies the driving and restraining factors of the market with analysis of trends, opportunities, and challenges. The market is segmented and projected on the basis of regions into North America, Europe, Asia-Pacific, Latin America, and the Rest of the World (RoW).

In this report, the Feed Binders Market is segmented by ingredient, livestock, and region, and analyzed in terms of value (USD million) and volume (kilo tons). The Feed Binders Market, in terms of value, is projected to increase to USD 4.96 Billion by 2020 at a CAGR of 3.4% from 2015. Feed binders are broadly categorized in seven segments, namely, clay; plant gums & starches; lignosulphonates, hemicellulose, CMC & other hydrocolloids; gelatin; molasses; wheat gluten & middlings; and others on the basis of ingredient type. Key countries that accounted for a large share in each region have been studied individually.

Asia-Pacific: Largest market share 

In 2014, the Asia-Pacific region contributed to the highest demand for feed binders in the global market followed by North America. The demand for commercial feed in poultry and swine industries in this region had increased the need for feed binders in order to maintain the structural integrity and nutritional composition of feed pellets. Developing countries such as India and China have been able to achieve feed conversion ratios in poultry feeds similar to that of developed countries. Even though Japan and South Korea exhibited stable growth in the last five years, the growth in the Asia-Pacific region has been shifting towards Southeast Asian countries such as Indonesia, Thailand, Vietnam, and the Philippines. The decline in backyard production strengthened the growth of compound feed utilization among livestock owners.

Feed Binders Market, by ingredient type 

The clay segment has been gaining strong demand in 2014 as a suitable feed binding agent due to its very low inclusion level and limited cost requirements per ton of feed. Lignosulphonates are projected to be the fastest-growing segment from 2015 to 2020 for their efficient binding characteristics, easier raw material availability, and wider knowledge on the manufacturing process.

Feed binders market, by livestock type 

The Feed Binders Market consists of four livestock categories, namely, poultry, swine, ruminants, and other animals that include aquatic animals, pet animals, and equines. The demand for feed binders in the poultry industry is projected to be the fastest-growing segment from 2015 to 2020 as the recent flu outbreaks have played an important role towards increasing the requirement of quality feed products in poultry farms.

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Companies such as Archer Daniels Midland (U.S.), FMC Corporation (U.S.), E.I. du Pont de Nemours and Company (U.S.), Darling Ingredients Inc. (U.S.), Roquette Freres (France), and Borregaard ASA (Norway) are some of the players with a strong portfolio in this market. These companies have also been developing customized offerings to suit the demands of livestock of different types, breed, sex, and growth & breeding phase. Leading brands have been involved in extending the market share in developing regions such as Asia-Pacific and Latin America. Existing companies such as Roquette Freres and CP Kelco U.S., Inc. (wholly owned subsidiary of J.M. Huber Corporation, U.S.) have been actively involved in the acquisition of regional suppliers and expanding their supply chain networks with ingredient manufacturers in these regions to strengthen their market presence.

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