Global shift in preferences towards pelleted feed owing to increasing awareness regarding animal nutrition is expected to be the key driving factor for feed binders market over the next seven years. Significantly increasing meat consumption across globe is anticipated to remain a key factor driving feed binders market demand over the forecast period. Feed binders can be segmented as natural binders and synthetic binders. Natural binders can further be segmented as guar meal & starch, lignin and wheat. Synthetic binders include polymethylolcarbamide and urea-formaldehyde. In terms of animal type, feed binders can be classified as ruminant, swine, poultry, aquaculture, horses and pet foods. Feed binders are used for various purposes such as enhancing feed nutritive value, reduced feed wastage and improved digestion in animals. Feed binders produce safe and nutritious products and prevent feed from disintegrating. Feed binders also help in making feed easily consumable and water stable. Feed binders improve feed quality thereby improving animals performance and health which in turn improves food quality and yield from animal origin. Feed binders are used in varying concentrations and quantities depending upon species. Feed binders advantages include improved animal performance and disease control coupled with better material handling characteristics. Feed conversion is better from pelleted feed compared to its counterpart which includes feed fed as mash. Considerably increasing raw material cost for feed binders is expected to obstruct feed binder market growth and pose challenges to industry participants over the forecast period. Price fluctuations and unsteady raw materials supply is anticipated to hinder feed binders market growth and pose challenges to industry players. Stringent regulations are also expected to pose challenges to industry participants. Pelleted feed manufacturers are expected to face challenges owing to complex process in terms of maintaining optimal conditions such as temperature control. Substantially increasing raw material cost for naturally occurring feed binders products such as starch, lignin and wheat is anticipated to fuel feed binders market demand which in turn is slated to yield opportunities to industry participants over the forecast period. Expanding population and increasing disposable income coupled with health benefits is expected to surge plant and animal protein demand which in turn exerts pressure on livestock (cattle and aquaculture) farmers. Farmers are unable to keep pace increasing demand which in turn creates lucrative opportunities for feed binders manufacturers. Business expansion across regions and increasing production capacity by setting up of new plants is expected to remain key strategy for industry players. Mergers and acquisitions are also anticipated in order to penetrate untapped market over the forecast period. Extensive R&D to introduce new products is expected to be another strategy followed by manufacturers specifically in mature regions such as Europe and North America.
Increasing meat consumption coupled with availability of resources and cheap labor in countries such as China, India and Japan is expected to be a key driver for feed binders market growth in Asia pacific. China is expected to be the largest consumer of feed binders owing to technological upgradation along with aforementioned factors over the forecast period. Asia Pacific is expected to remain dominant regional market witnessing fastest growth rate owing to increasing farmers’ awareness regarding pelleted feed and government support. Also, countries such as Malaysia and Thailand are expected to witness significant feed binders demand owing to increasing aquaculture activities demand and fish & fish products demand over the forecast period. Russia in Europe and Brazil in Central & South America are also anticipated to witness considerable growth in feed binders market owing to governments push towards reducing meat imports. Increasing domestically produced meat and subsidy to farmers is also expected to be key factor for feed binders market growth in Russia over the forecast period. Brazil which is the major poultry meat exporter in the world is anticipated to witness surge in feed binders demand in order to enhance meat quality and expand exports at cheaper cost.
Key players operating in feed binders market include AVEBE U.A, CP Kelco, Danisco, Archer Daniels Midland Company, Ingedion Incorporated and Borregaard, Beneo GmbH, The Roquette Group, FMC Corporation and Uniscope, Inc.
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