Feed binders serve the dual purpose of enhancing the nutritional value of animal feed as well as holding animal feed pellets firmly together so they don’t disintegrate easily before being consumed by animals. In many instances, feed binders also proffer the advantage of preventing animal feed from decomposing. With an increase in the demand for animal feed across the world to cater to the mounting consumption of meat and dairy products, the use of animal feed binders is expected to rise substantially. According to a Transparency Market Research report, titled ‘Feed Binders Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023,’ the growing consumption of meat will be the greatest growth driver for the global feed binders market.

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Another factor that’s also driving the demand for feed binders is that livestock farmers have begun showing a preference for pelletized animal feed as it’s easy to handle during transportation and storage. The wave of organized farming that’s now sweeping across developing economies will also be responsible for the growth of the feed binders market. Not just that, feed binders enriched with nutrition help safeguard the health of livestock and endow them with better immunity against diseases and infections.

However, on the other side of this growth story lie a few concerns. Raw materials that go into the manufacture of feed binders are increasingly becoming expensive, causing some farmers to defer purchasing feed binders and look for alternative solutions instead. The market is controlled by a few top players who, through their stronghold over the market, make it difficult for new companies to establish a profitable presence in the feed binders market. In such a scenario, enjoying economies of scale for new companies becomes especially challenging.

The report segments the global feed binders market basis type into: Clay, gelatin, plant gum and starches, molasses, hemicellulose, lignosulphonates, wheat gluten and middling, carboxymethyl cellulose (CMC) and other hydrocolloids, and others.

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Furthermore, the global feed binders market is classified for a deeper study on the basis of livestock into swine, poultry, ruminants, and others. The demand for feed binders in poultry feed is predicted to remain high until 2023, the report states.

Likewise, the report also segments the global feed binders market on the basis of geography into: Europe, Asia Pacific, North America, and the Rest of the World. The thriving livestock industry in many countries in North America and Europe has made these regions the traditional hubs for animal feed and feed binders. However, the status quo is changing with the Asia Pacific region showing high demand for compound feed.

Companies profiled in the market to offer a bird’s eye view of the competitive landscape in the feed binders market include: J.M. Huber Corporation, BENEO GmbH, Avebe U.A., E.l. du Pont de Nemours and Company, Archer Daniels Midland Company, The Roquette Group, and others.