Market Research Future (Food and Beverages) Feed Binders Market trends and forecast to 2023 | 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.
Additionally, the enhancement of the product coupled with technological advancements is considered to be one of
the significant reasons for the increasing growth of the feed binders market during the forecast period, 2017-2023.
Intended Audience:
 Feed binder manufacturers
 Feed industry
 Livestock industry
 Raw material suppliers
 Retailers and wholesaler
 Traders, importers, and exporters
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