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Description
Feed Binders Market size was valued at US$ 4.2 Billion in 2020 and is projected to reach US$ 5.42 Billion by 2027 at a CAGR of 3.7% during the forecast period 2021 to 2027. Feed binders are the substances that hold the different feed particles together and increases the stability in feed. These enables reduce waste, lower the segregation in feed and shorten the eating periods. Animal performance and feed efficiency attained by pelleting the feed. In aqua feed binders are more important as the feed should not be dispersed in the water for better efficiency of the feed. Furthermore, feed binders are used to improve animal digestion, enhancing the feed nutrition value. Feed binders are utilized in shifting focuses and amounts relying on species. Feed binders benefits animal performance and infectious prevention combined with better material taking care of attributes. Natural binders are expected to have significant growth rates due to low cost and increase in consumer preference towards the natural additives for feed which drives the growth of feed binders market. In November 2016, Borregaard LignoTech launched new pelleting aid and binder “Intact Aqua” for aqua feed sector in Asia. The report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the market report includes regulatory scenario and competition analysis with vividly illustrated the competition dashboard to assess the market competition.
