Feb 10, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Feed Binders Market.
It was estimated prior to this unanticipated outbreak that the global annual feed production reached about 1.2 billion tons in 2020, representing significant opportunities for feed binder manufacturers. Feed binders derived from animals occupy a negligible share of (<1%) the overall feed binder market, the latter is dominated by plant-based feed binders. Key plant-sourced binders are lignosulphonates, starch, wheat gluten, and guar gum, whereas key synthetic binders used are formaldehyde and carboxymethylcellulose (CMC).
For a more detailed breakdown of the COVID-19 impact on the Feed Binders Market, request a free sample of the report here:
The impact of the COVID-19 pandemic on the demand for animal-based feed binders was negligible, mainly contracted the market’s growth to low-single-digit (YoY) in 2020, translating into sales of US$ 0.2 billion in 2020. Insufficient availability of feed inputs, disruption in import/exports, and lockdown across countries led to a certain tremble in the market demand, mainly in the 1st phase of lockdown. However, animal feeds being an essential product registered a decent recovery in the 2nd half of the year, helping the industry to record a growth in the year 2020.
The demand for animal-based feed binders is estimated to grow further in the coming years, major factors contributing to the demand for animal-based feed binders are-
- the propensity towards meat and dairy products
- increasing population
- growing consumption of meat
- rising awareness towards animal health and feed quality.
Click here for ToC of the report:
By Binder Type
Stratview Research has firstly segmented the animal-based feed binders market based on the binder type as gelatin, collagen, and others. Gelatin holds dominance in the market and is likely to retain its dominance in the years to come. There is a reasonable usage of gelatin in poultry and swine feeds. Gelatin is manufactured mainly from pigskin, cattle hides and bones, and fish skins. Gradual commercialization of gelatin and collagen in animal feed is likely to flourish the demand for animal-based feed binders in the coming years.
By Livestock Type
Based on the livestock type, the animal-based feed binders market is segmented as pet, poultry, swine, ruminant, aquaculture, and others. Poultry is expected to remain the most dominant market over the next five years. Increasing population, real income growth, lower price of poultry meat than other meat, and change of dietary preference are fuelling the poultry feed and so are feed binders. Swine feed also holds a strong position in the market on account of its high demand from key pork-consuming countries such as China and the USA. The Pet feed segment holds a diminutive share; however, is subjected to record the highest growth during the forecast period.
In terms of regions, Asia-Pacific holds a huge dominance and is also growing at the highest rate. About 450 million metric tons of animal feed were produced in the region in 2020, representing a strong whitespace opportunity. China acts as the growth engine of the region, alone capturing more than 50% share of the Asia-Pacific’s animal-based feed binders market. Different segments are dominant in different regions. For instance, aquaculture is highly dominated by Asia-Pacific, whereas pet feed is dominated by North America and Western European countries.
Key players operating in the global Feed Binders market are-
- Cra-Vac Industries Inc.
- Darling ingredients
- Gelita AG
- Nitta Gelatin Inc.
- Uniscope Inc.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Feed Binders analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
Know more about Stratview Research:
Stratview Research is a global market research company and is known to offer custom research reports in varied fields such as aerospace & Defense, Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. Our team makes sure to have deep research about the topics so that the most useful insights can be delivered to the professionals.
Need a detailed report? Get in touch with us: