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New Revenue Pockets in Feed Binder Market
The feed binder market is steadily growing and the companies are adopting expansion as their growth strategy. Aquaculture is considered as a main livestock type that consumes feed binders, while poultry is estimated to be the second-largest consumer. Natural binders are gaining popularity due to their wide availability. Companies such as Danisco (Denmark), and The Roquette Group (France) have adopted acquisition as a strategy to enhance their penetration in the feed binder market.
With the differences being observed in the meat preferences of consumers and their increasing concern regarding the quality of meat, the inclusion of binders in the feed is becoming a largely adopted practice; but the rising cost of raw materials is becoming a hindrance in the development of this industry. The increasing global meat consumption, increased preferences for pelleted feed and increase in the awareness regarding animal nutrition are factors that drive the feed binder industry.
Feed Binder Market by Type (Natural, Synthetic), Livestock & Geography - Trends & Forecast up to 2018
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