Boston, MA -- (ReleaseWire) -- 04/07/2014 -- Feed Binder Market by Type [Natural (Wheat, Guar Meal & Starch, Lignin, Bentonite & Clay, Specialty Hydrocolloids & Gums, Others), Synthetic (Urea Formaldehyde, Polymethylocarbamide, Others)], by Livestock & Geography - Trends & Forecast up to 2018
Feed binders can be explained as substances that are included in the animal feed to bind the feed particles as one entity and enhance its nutritive value. They also help in making the feed water-stable and easily consumable. They also help in making storage of feed more efficient and keep them from segregating into fines.
Factors that act as driving force for this market are the increase in the preferences among the feed producers for pelleted feeds and the rise in the global meat consumption. Rise in the cost of raw materials act as a hindrance for this industry.
Various secondary sources were used, such as encyclopedias, directories, and databases, to identify and collect information useful for this extensive market-oriented study of the feed binders market. The primary sources - experts from related industries and suppliers have been interviewed to obtain and verify critical information as well as to assess the future prospects of the feed binders.
To capitalize on the growth trend in this market, several leading companies are quickly taking to the development and manufacture of feed binders. The growing demand for feed binders is forcing the global players to add feed binders to their product offerings. The leading players of this industry have also been profiled with their recent developments and other strategic industry activities. These include Archer Daniels Midland Company (U.S.), AVEBE (The Netherlands), Borregaard Group (Norway), CP Kelco (U.S.), Danisco (Denmark) and Ingredion (U.S.) among others.
FEED BINDERS MARKET VALUE SHARE, BY LIVESTOCK, 2013 ($MILLION)
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Source: MarketsandMarkets Analysis
1.1 SCOPE OF THE REPORT
This research report categorizes the global market for animal feed binders on the basis of types, livestock, and geography; projecting the revenue and analyzing the trends in each of the submarkets:
- Natural binders
- Synthetic binders
- North America
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