Global feed binders market is expected to witness significant growth over the next seven years owing to increasing meat and meat products consumption.
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Feed Binders Market Growth, Trends, Segment To 2022: Grand View Research, Inc.
1. Grand View Research, Inc: Global Feed Binders Market,
Market Size, Application Analysis, Regional Outlook,
Competitive Strategies And Forecasts, 2015 To 2022
Global feed binders market is expected to witness significant growth over the next
seven years owing to increasing meat and meat products consumption. Increasing
consumer awareness associated with importance of animal nutrition is anticipated
to fuel market growth over the foreseeable future. Feed binders act as important
basic animal feed mix ingredients that are useful to provide essential nutrition and
aid in improving the overall animal growth. Shifting global consumer preferences
towards pelleted feed is projected to augment feed binders market growth over the
foreseeable future. Increasing consumer disposable income coupled with economic
developments is presumed to augment feed binders market growth over the
forecast period.
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2. Increasing global meat trade is anticipated to be another major factor driving feed
binders market growth. Volatile raw material prices coupled with growing feed
binders inclusion cost in the basic animal feed mix is anticipated to hinder market
growth over the forecast period. Increasing natural feed binders cost such as starch,
lignin and wheat is presumed to offer immense opportunities to market participants
over the next seven years. On the basis of products, global feed binders have been
segmented as synthetic binders and natural binders. Synthetic binders include urea-
formaldehyde and polymethylolcarbamide. On the basis of livestock, global feed
binders have been categorized as poultry, swine, ruminant, horses and aquaculture.
Asia Pacific is expected to be the fastest growing feed binders market over the
forecast period owing to increasing consumer awareness regarding animal nutrition
and rising disposable income in the region. China, Japan and India are anticipated
to be the frontrunners owing to increasing aquaculture activities in the region.
3. North America is expected to witness significant growth in feed binders demand in
next few years owing to increasing meat and meat products consumption in the
region. U.S. is projected to be the frontrunner owing to increasing meat exports
demand in the region.
Key players operating in global feed binders market include Danisco, CP kelco,
AVEBA U.A, Borregaard, Archer Daniels Midlands Company and Ingredion
Incorporated. M&A and JV’s are expected to be the key strategies followed by
industry participants over the forecast period to increase their market share.
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4. About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research reports,
and consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals, materials,
healthcare and energy.
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