Strong growth in the compound feed industry to Drive the Growth of Feed Binders Market

The global feed binders market size is estimated to account for a value of USD 4.5 billion in 2020 and is projected to grow at a CAGR 3.0% from 2020, to reach a value of USD 5.1 billion by 2025. The rise in demand for feed due to the increased consumption of livestock-based products is projected to drive the growth of the market. The increasing awareness among manufacturers about the benefits offered by feed binders is projected to drive the market growth during the forecast period. Feed binders serve as an additive that can reduce the dusty and powdery nature of fine ground feed materials. In order to reduce the total operating cost, from manufacturing to its consumption stage, feed binders are observed to increase the health benefits of feed materials, and thus, are widely being opted by feed manufacturers.

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The feed sector plays a crucial part in addressing global food and agriculture issues. Feed manufacturers are becoming more aware of the need to increase the nutritional value of feed products to improve the digestibility of animals to optimum levels. According to the FAO, global compound feed production has been estimated to be about 1 billion tonnes every year. Compound feed can be defined as the final feed product made up of various raw materials and additives. Additives are added to the feed to enhance their nutritional value, shelf-life, and quality. The compound feed industry is growing at a very fast pace, which fuels the need for the development of new additives in the feed market.

According to the International Feed Industry Federation (IFIF), there is a continuous increase in the demand for animal protein from the livestock, dairy, and fish sectors at a global level. The FAO estimated that the demand for food is projected to grow by 60% in 2050, with the expected growth of animal proteins at 1.7% per year. This, in turn, will increase the demand for feed and, in turn, would increase the demand for feed additives such as feed binders


The major market players include Archer Daniels Midland Company (US), Darling Ingredients, Inc. (US), Ingredion, Inc. (US), DuPont (US). (Total 25 companies).  

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