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Feed Binders Market Size

The feed binders market is projected to experience substantial growth, driven by their essential role in enhancing the efficiency of feed additives in commercial animal farming. Binders, particularly synthetic ones, dominate the market due to their benefits in feed pelleting and improving animal nutrition. The Asia-Pacific region leads in market share, attributed to its high feed production, while North America is expected to grow rapidly due to increased demand. The market's expansion is supported by the rising need for commercial animal production and the cost-saving benefits of binder usage, indicating robust growth opportunities for industry participants.

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Market Size of feed binders Industry

Feed Binders Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 4.67 Billion
svg icon Market Size (2029) USD 5.84 Billion
svg icon Largest Share by Sub Additive Synthetic Binders
svg icon CAGR (2024 - 2029) 4.58 %
svg icon Largest Share by Region Asia-Pacific
svg icon Market Concentration Low

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Feed Binders Market Analysis

The Feed Binders Market size is estimated at 4.67 billion USD in 2024, and is expected to reach 5.84 billion USD by 2029, growing at a CAGR of 4.58% during the forecast period (2024-2029).

4.67 Billion

Market Size in 2024 (USD)

5.84 Billion

Market Size in 2029 (USD)

4.97 %

CAGR (2017-2023)

4.58 %

CAGR (2024-2029)

Largest Market by Sub-Additive

61.68 %

value share, Synthetic Binders, 2023

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The share of synthetic binders is highest as they help in pelleting the feed and prevent diseases by improving digestion and nutrition intake in animals.

Largest Market by Region

30.60 %

value share, Asia-Pacific, 2023

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The higher feed production, high demand for meat, and increasing livestock population are the factors that helped Asia-Pacific to be the largest regional segment in the market.

Fastest-growing Market by Sub-Additive

4.85 %

Projected CAGR, Natural Binders, 2024-2029

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The lower price and the production of quality pellets with natural binders are responsible for Natural binders being the fastest-growing sub-additive segment.

Fastest-growing Market by Region

4.94 %

Projected CAGR, North America, 2024-2029

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North America is the fastest-growing segment due to increased feed production, higher demand for binders for feed pelleting, and higher adoption rate of feed binders.

Leading Market Player

6.07 %

market share, Cargill Inc., 2022

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Cargill Inc. is the market leader due to its strong manufacturing and research infrastructure, strategic partnership with Innovafeed, and acquisition of Diamond V.

  • In 2022, the global feed additives market accounted for a significant share of 13% for binders. Binders are used in compound feed to enhance the efficiency of feed additives. Binders are the second-largest feed additive type and are widely used in almost all feed mixtures, making them an essential requirement for commercial animal farmers.
  • Among the types of feed binders, synthetic binders had the largest market share globally, estimated at USD 2.6 billion in 2022. Synthetic binders are preferred as they help in pelleting the feed and improving digestion and nutrition intake in animals, thereby preventing diseases.
  • However, the natural binders segment is expected to register a higher growth rate during the forecast period, i.e., 4.8%, due to their lower price and ability to produce quality pellets.
  • In 2022, Asia-Pacific was the largest region globally with respect to the feed binders market, accounting for a market share of 30.6%. The region's high share was due to its higher feed production, which was directly proportional to the commercial feed produced, estimated at almost 0.5 million metric tons in 2022.
  • Countries like the United States and Canada, with higher feed production and additive usage, had a higher demand for binders. Therefore, North America is projected to grow faster in the feed binders market, with a CAGR of 4.9% during the forecast period.
  • The feed binders market is expected to register significant growth, driven by increased commercial animal production and the usage of additives to improve animal health and productivity. The market is projected to register a CAGR of 4.6% during the forecast period.
Global Feed Binders Market
  • The global feed binders market has been growing at a significant rate due to the crucial role feed binders play in commercial animal farming. Binders, which are used to bind feed additives to compound feed and increase their efficiency, accounted for 13% of the global feed additives market in 2022, making them the second-largest feed additive type. Binders are a critical component for every commercial animal farmer, as they are used in almost every feed mixture.
  • The Asia-Pacific region dominated the global feed binders market, with a market value of USD 1.3 billion in 2022, owing to its higher penetration rate and production of approximately 0.5 billion metric tons of feed. The United States emerged as the largest country in the world concerning the feed binders market, accounting for 19.5% of the market share and reaching USD 0.8 billion due to its highly developed livestock production procedures. China and Brazil followed with 13.8% and 7.1% of the market share, respectively.
  • Thailand is expected to be the fastest-growing country in the feed binders market, with a CAGR of 5.6% during the forecast period. This growth is due to the sustainable increase in livestock production with technological and genetic advancements. In 2022, the poultry segment dominated the feed binders market, accounting for 44.5%, followed by swine, which had a market share of 35.4%.
  • The cost-benefit ratio of binder usage is estimated to save money for the livestock industry, contributing to the market's growth. The global feed binders market is expected to register a CAGR of 4.6% during the forecast period, driven by the increasing demand for commercial animal farming. The market for feed binders is expected to remain robust in the coming years, with significant growth opportunities for market players.

Feed Binders Industry Segmentation

Natural Binders, Synthetic Binders are covered as segments by Sub Additive. Aquaculture, Poultry, Ruminants, Swine are covered as segments by Animal. Africa, Asia-Pacific, Europe, Middle East, North America, South America are covered as segments by Region.

  • In 2022, the global feed additives market accounted for a significant share of 13% for binders. Binders are used in compound feed to enhance the efficiency of feed additives. Binders are the second-largest feed additive type and are widely used in almost all feed mixtures, making them an essential requirement for commercial animal farmers.
  • Among the types of feed binders, synthetic binders had the largest market share globally, estimated at USD 2.6 billion in 2022. Synthetic binders are preferred as they help in pelleting the feed and improving digestion and nutrition intake in animals, thereby preventing diseases.
  • However, the natural binders segment is expected to register a higher growth rate during the forecast period, i.e., 4.8%, due to their lower price and ability to produce quality pellets.
  • In 2022, Asia-Pacific was the largest region globally with respect to the feed binders market, accounting for a market share of 30.6%. The region's high share was due to its higher feed production, which was directly proportional to the commercial feed produced, estimated at almost 0.5 million metric tons in 2022.
  • Countries like the United States and Canada, with higher feed production and additive usage, had a higher demand for binders. Therefore, North America is projected to grow faster in the feed binders market, with a CAGR of 4.9% during the forecast period.
  • The feed binders market is expected to register significant growth, driven by increased commercial animal production and the usage of additives to improve animal health and productivity. The market is projected to register a CAGR of 4.6% during the forecast period.
Sub Additive
Natural Binders
Synthetic Binders
Animal
Aquaculture
By Sub Animal
Fish
Shrimp
Other Aquaculture Species
Poultry
By Sub Animal
Broiler
Layer
Other Poultry Birds
Ruminants
By Sub Animal
Beef Cattle
Dairy Cattle
Other Ruminants
Swine
Other Animals
Region
Africa
By Country
Egypt
Kenya
South Africa
Rest of Africa
Asia-Pacific
By Country
Australia
China
India
Indonesia
Japan
Philippines
South Korea
Thailand
Vietnam
Rest of Asia-Pacific
Europe
By Country
France
Germany
Italy
Netherlands
Russia
Spain
Turkey
United Kingdom
Rest of Europe
Middle East
By Country
Iran
Saudi Arabia
Rest of Middle East
North America
By Country
Canada
Mexico
United States
Rest of North America
South America
By Country
Argentina
Brazil
Chile
Rest of South America
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Feed Binders Market Size Summary

The feed binders market is experiencing significant growth, driven by their essential role in enhancing the efficiency of feed additives in commercial animal farming. As the second-largest type of feed additive, binders are crucial for improving the nutritional intake and digestion in animals, thereby preventing diseases. The market is characterized by a strong demand for both synthetic and natural binders, with synthetic binders currently holding a larger share due to their effectiveness in pelleting feed. However, natural binders are anticipated to grow at a faster rate, attributed to their cost-effectiveness and ability to produce high-quality pellets. The Asia-Pacific region leads the market, supported by its substantial feed production and high penetration rate, while North America is projected to experience rapid growth due to its advanced livestock production practices.

The global feed binders market is poised for robust expansion, fueled by the increasing demand for commercial animal production and the rising use of additives to enhance animal health and productivity. The poultry segment dominates the market, driven by the growing demand for poultry products and the shift towards poultry due to rising meat prices. The expansion of aquaculture also contributes to the market's growth, with significant increases in compound and fish feed production to meet the rising seafood demand. The market is fragmented, with key players like Adisseo, Alltech, Inc., and Cargill Inc. actively investing in innovation and expansion to capture a larger market share. As the industry continues to evolve, the feed binders market is expected to offer substantial growth opportunities for market participants.

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Feed Binders Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 1.1 Sub Additive

      1. 1.1.1 Natural Binders

      2. 1.1.2 Synthetic Binders

    2. 1.2 Animal

      1. 1.2.1 Aquaculture

        1. 1.2.1.1 By Sub Animal

          1. 1.2.1.1.1 Fish

          2. 1.2.1.1.2 Shrimp

          3. 1.2.1.1.3 Other Aquaculture Species

      2. 1.2.2 Poultry

        1. 1.2.2.1 By Sub Animal

          1. 1.2.2.1.1 Broiler

          2. 1.2.2.1.2 Layer

          3. 1.2.2.1.3 Other Poultry Birds

      3. 1.2.3 Ruminants

        1. 1.2.3.1 By Sub Animal

          1. 1.2.3.1.1 Beef Cattle

          2. 1.2.3.1.2 Dairy Cattle

          3. 1.2.3.1.3 Other Ruminants

      4. 1.2.4 Swine

      5. 1.2.5 Other Animals

    3. 1.3 Region

      1. 1.3.1 Africa

        1. 1.3.1.1 By Country

          1. 1.3.1.1.1 Egypt

          2. 1.3.1.1.2 Kenya

          3. 1.3.1.1.3 South Africa

          4. 1.3.1.1.4 Rest of Africa

      2. 1.3.2 Asia-Pacific

        1. 1.3.2.1 By Country

          1. 1.3.2.1.1 Australia

          2. 1.3.2.1.2 China

          3. 1.3.2.1.3 India

          4. 1.3.2.1.4 Indonesia

          5. 1.3.2.1.5 Japan

          6. 1.3.2.1.6 Philippines

          7. 1.3.2.1.7 South Korea

          8. 1.3.2.1.8 Thailand

          9. 1.3.2.1.9 Vietnam

          10. 1.3.2.1.10 Rest of Asia-Pacific

      3. 1.3.3 Europe

        1. 1.3.3.1 By Country

          1. 1.3.3.1.1 France

          2. 1.3.3.1.2 Germany

          3. 1.3.3.1.3 Italy

          4. 1.3.3.1.4 Netherlands

          5. 1.3.3.1.5 Russia

          6. 1.3.3.1.6 Spain

          7. 1.3.3.1.7 Turkey

          8. 1.3.3.1.8 United Kingdom

          9. 1.3.3.1.9 Rest of Europe

      4. 1.3.4 Middle East

        1. 1.3.4.1 By Country

          1. 1.3.4.1.1 Iran

          2. 1.3.4.1.2 Saudi Arabia

          3. 1.3.4.1.3 Rest of Middle East

      5. 1.3.5 North America

        1. 1.3.5.1 By Country

          1. 1.3.5.1.1 Canada

          2. 1.3.5.1.2 Mexico

          3. 1.3.5.1.3 United States

          4. 1.3.5.1.4 Rest of North America

      6. 1.3.6 South America

        1. 1.3.6.1 By Country

          1. 1.3.6.1.1 Argentina

          2. 1.3.6.1.2 Brazil

          3. 1.3.6.1.3 Chile

          4. 1.3.6.1.4 Rest of South America

Feed Binders Market Size FAQs

The Global Feed Binders Market size is expected to reach USD 4.67 billion in 2024 and grow at a CAGR of 4.58% to reach USD 5.84 billion by 2029.

In 2024, the Global Feed Binders Market size is expected to reach USD 4.67 billion.

Feed Binders Market Report Snapshots

Feed Binders Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029