Market Research Future (Food and Beverages) Feed Binders Market Research Report | Page 3

Feed Binders Market Research Report- Forecast till 2023
2 Market Overview
Feed binders have gained status globally, as they help in binding the feed components for better stability. Growing
population in the developing countries has increased the demand for production of poultry, ruminants and other
livestock for consumption, which has uplifted the demand for feed, which, in turn, has uplifted the feed binders
market. Growing awareness regarding livestock health, along with increased demand for high nutrition animal feed
products is expected to uplift the demand for feed binders. Moreover, use of feed binders has helped in increasing
the feed consumption and also reducing the feed wastage. Use of clay, as a feed binder in aqua feed formulation is
experiencing a high demand owing to its enhanced functionality and stability.
Regional Analysis:
The global feed binders market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW).
Asia Pacific is dominating the feed binders market followed by North America. In the Asia Pacific region, China is
the major consumer of feed binders, which, in turn, boosts the market growth in this region. Furthermore, increasing
consumption of poultry and meat products and rapidly growing population in developing countries of Asia Pacific is
giving a push to the growth of the feed binders market.
Moreover, rising demand for feed additives such as binders & enhancers in countries like the U.S., Canada, and
Mexico in the North American region is projected to boost the feed binders market during the forecast period.
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