Global $7 Billion Feed Binders Market and Technology Forecast to 2028 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 8, 2021--
The “Global Feed Binders - Market and Technology Forecast to 2028” report has been added to ResearchAndMarkets.com’s offering.
The global market for the feed binders is expected to account for USD 4 Billion in 2020 and it is anticipated to grow up to a value of USD 7 Billion by the year 2028. The market is probable to grow with a CAGR of 6% during the forecast period 2020-2028.
This report focuses on all the drivers, restraints, and challenges faced by the feed binders’ market, it also helps us develop a comprehensive view of the expanding market segments. To gain insights wit respect to the applications, the value chain of this market has been studied thoroughly and it is seen that this market heavily depends on vertical integration. To further analyse this report, it is segmented as application, and region.
The growing awareness about animal health and the prevention of diseases is one of the key drivers for this market. Feed binders keep the integrity of a feed pellet intact by acting as an adhesive that holds the feed together. This, in turn, reduces the wastage of feed and at the same time, it improves the nutrition value of the same. Health benefits of feed binders have been becoming increasingly popular because of which this market is booming. Moreover, as of 2019, the growing consumption of livestock-based products was one of the drivers of this market.
APAC is expected to dominate the global market with a market revenue that accounts for more than one-third of the global market size. China is the major consumer of the meat market and it contributes to the growth momentum of APAC. Moreover, the health benefits associated with feed binders are becoming increasingly popular in this region thus leading to a surge in the demand for the same.
The pandemic in hand is expected to have an impact on the global market for feed binders, demand for safe and efficient means of production is probable to spur. The feed binders market is segmented based on type, livestock, and region. Based on type, the market is dominated by the Lignosulphonates, hemicellulose, CMC & other hydrocolloids segment owing totheir binding, dispersing, and emulsifying properties that aid structural integrity during the production of feed binders. Based on livestock, the poultry segment leads this market due to the increasing consumption of poultry-based products.
Key Topics Covered:
1.2 Market definition
1.4 Events based Forecast Scenario
1.5 Who will benefit from this report
1.5.1 Business Leaders & Business Developers
1.7 Opportunity Alerts
2 Executive Summary
2.1 Global Feed Binders Market Trends and Insights
2.2 Major Findings
2.3 Major Conclusions
2.4 Important Tables and Graphs
3 Current Market Overview of the Global Feed Binders Market
4 Current Technology Trends in the Global Feed Binders
5 Market Segmentation
5.1 By Region
5.2 By Application
6 Market Analysis
6.2 Porter’s 5 Forces Analysis
6.4 Market Dynamics
6.5 Country Analysis
7 Forecast Global Feed Binders Market by Region to 2028
7.2 Global Feed Binders Market by Region overview
7.3 Global Feed Binders Market By Region (By Livestock)
8 Forecast Global Feed Binders by Application to 2028
8.2 Global Feed Binders Market by Application overview
8.3 Global Feed Binders Market By Application (By Type)
8.3.4 Plant Gums & Starches
8.3.6 Lingo Sulphonates
9 Opportunity Analysis Global Feed Binders Market
10 Events based forecast for the Global Feed Binders Market to 2028
10.2 Events forecast factors
10.3 Global Market
10.4 Events Based Forecasts
11 Corona Impact
12 Conclusions and recommendations
13 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/guw677
View source version on businesswire.com:https://www.businesswire.com/news/home/20210108005390/en/
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INDUSTRY KEYWORD: AGRICULTURE NATURAL RESOURCES
SOURCE: Research and Markets
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PUB: 01/08/2021 10:49 AM/DISC: 01/08/2021 10:50 AM