(MENAFN- Straits Research) Globally, the increasing demand for poultry, owing to its easy availability drives the market growth. Poultry farming is gaining momentum in the fast-developing economies on account of governmental support to diversify the income of farmers. The fast-food industry is another area that has created upswings for the poultry industry. As per the Poultry Hub Organisation, the global poultry production was around 111,000 thousand metric tons in the year 2015 and is projected to reach a value of around 131,255 thousand by the year 2025, which is an increase of around 24%.
Poultry farmers are looking to increase the nutritional value of the feeds that go to the poultry and help in digestion, improve meat quality in a sustainable way, and reduce any bacterial infection in the live stocks. Feed binders are an excellent alternative for regular feed since it helps in pelleting the feed that reduces the waste of the feed, bulkiness,and molds, among other things, and at the same time increases the nutritional content of the feed.
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COVID-19 Impact Analysis
The impact of the novel coronavirus outbreak is visible in all sectors globally and has led to widespread disruption in the supply chain, leading to an increase in inventory and few buyers. Furthermore, the sealing of borders and limited transportation is changing the very meaning of globalization. Countries are closing borders, and there is an apprehension to buy from the largest suppliers of feed binders, China. Disruption of trade has led to an increase in the raw material prices that are projected to further impact the market growth of feed binders in the coming months.
Key Players
Archer Daniels Midland Company
DuPont
FMC Corporation
Darling Ingredients,
Roquette Freres
Borregaard ASA
Gelita AG
Emsland Starke GmbH
CP Kelco, Inc.
Avebe U.A.
Feed Binders Market: Segmentation
By Type
Clay
Plant Gums and Starches
Gelatin
Molasses
Lignosulphonates
Hemicellulose
CMC and Other Hydrocolloids
Wheat Gluten and Middlings
By Livestock
Poultry
Swine
Ruminants
Horses
By Region
North America
The U.S.
Canada
Mexico
Europe
Germany
France
Italy
The U.K.
Spain
Russia
Poland
The Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Vietnam
Indonesia
Malaysia
Singapore
The Rest of APAC
Central and South America and the Caribbean
Brazil
Argentina
Colombia
The Rest of Central and South America and the Caribbean
The Middle East and Africa
Saudi Arabia
The UAE
Iran
Kuwait
Tanzania
South Africa
The Rest of MEA
" Crucial Insights The Report Provides:"
* Known and Unknown Adjacencies Influencing the Growth of Market
* Explorable Revenue Sources
* Customer Behaviour Analysis
* Target Partners
* Customized Geographical Data Based on Customers as well as Competitors
* Analysis of Market Size and CAGR between the Forecast Periods
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