Market Research Future (Food and Beverages) Feed Binders Market trends and forecast to 2023 | Page 4

Feed Binders Market Research Report- Forecast till 2023
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On the basis of the type, it is segmented into gums & starches, clay, hydrocolloids, gelatin, molasses, wheat gluten,
and others. Among all, the clay segment is dominating the market followed by hydrocolloids owing to its higher use
in the aqua feed products for better stability and functionality.
On the basis of the livestock, it is segmented into poultry, swine, ruminants, aquatic, and others. Among all, the
poultry segment is dominating the market based on increased consumption of poultry and meat products globally.
However, the aquatic segment is projected to witness steady growth over the forecast period owing to growth in the
poultry industry.
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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