The global demand for Botanic Feed Binder Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Botanic feed binders are plant-based agents added to the animal feed to bind, glue, or hold the various feed ingredients together. These binders help improve the quality of pellets, water stability, nutritional value, hardiness, and bulk density. Botanic feed binders are added to the feed of poultry, cattle, swine, aquatic animals, dogs & cats to improve their health, performance, and yield. Plant products like lignosulfonates, plant gums and starches, molasses, gelatin, and other hydrocolloids form the basis of these binders. The addition of binders can enhance the cattle's feed intake, weight gain during winter, and ruminal fermentation. Binders can minimize feed wastage and increase the efficiency of the feed manufacturing process.
Increased awareness about the positive effects of high-quality feed products and the growing trend of organized farming are key stimulants to this market's growth. Increased meat production rise in demand for animal-based protein will further propel market growth. The botanic feed binders will see a surge in demand since they increase the nutritional value of feed products, animals' digestibility, shelf-life, and quality. Changing lifestyles, increasing numbers of people owning pets, and caring for them will be a market booster. The booming aquaculture industry will fuel market growth. The rising cost of raw materials is acting as a restraint for this market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of botanic feed binder.
The entire botanic feed binder market has been sub-categorized into product type and end users. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Product Type
By End Users
- Plant Gums and Starches
- Gelatin and Other Hydrocolloids
This section covers regional segmentation which accentuates on current and future demand for botanic feed binder market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Botanic Feed Binder Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the botanic feed binder market include Archer Daniels Midland Company, Darling Ingredients, Inc., Ingredion, Inc., DuPont, Uniscope, Borregaard, Cp Kelco, Others. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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