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Global Feed Binders Market - Growth, Trends and Forecasts (2017 - 2022)

Global feed binders market was valued at USD 1305 million in 2015 and is expected to grow into a USD 1556.3 million by 2020 growing at a CAGR of 3.6% during the forecast period. 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. Depletion in the volume of captured fish is expected to be one of the major factors driving global aquaculture production over the next few years. In addition, increasing consumer awareness regarding health benefits associated with consumption of fish and fish products is expected to fuel aquaculture production. The growth in aquaculture industry is major demand driving factor of feed binders market. The techniques involved in binding the feed to make pellets increase the cost of processing thereby restraining the growth of feed binders market. Leading companies are looking for innovations in the field by venturing into R&D for better production and management techniques. Asia Pacific is the biggest and fastest growing market at CAGR 4.0% with China being the forerunner comprising of half of the market share driven by demand, technology, availability of labor and resources in the sector. Aqua culture feeds is the largest segment among livestock. North America and Europe also exhibit healthy growth trends. Key Deliverables in the Study Market analysis for the Global Feed Binders Market, with region specific assessments and competition analysis on global and regional scales Market definition along with the identification of key drivers and restraints Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale Extensively researched competitive landscape section with profiles of major companies along with their market shares Identification and analysis of the macro and micro factors that affect the Global Feed Binders market on both global and regional scales A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

Published By: Mordor Intelligence
Published Date: Q2 2016

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