Feed Binders Market

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Feed Binders Market by Type (Lignosulfonates, Plant Gums & Starches, Gelatin & Other Hydrocolloids, Clay, Molasses, and Others), Livestock (Poultry, Cattle, Swine, Aquatic Animals, Dogs & Cats, and Others), Region - Global Forecast to 2025

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Report Code: AGI 2304 Aug, 2020, by marketsandmarkets.com

[294 Pages Report] The global feed binders market size is estimated to account for a value of USD 4.5 billion in 2020 and is projected to grow at a CAGR 3.0% from 2020, to reach a value of USD 5.1 billion by 2025. The rise in demand for feed due to the increased consumption of livestock-based products is projected to drive the growth of the market. The increasing awareness among manufacturers about the benefits offered by feed binders is projected to drive the market growth during the forecast period. Feed binders serve as an additive that can reduce the dusty and powdery nature of fine ground feed materials. In order to reduce the total operating cost, from manufacturing to its consumption stage, feed binders are observed to increase the health benefits of feed materials, and thus, are widely being opted by feed manufacturers.

Feed Binder Market

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COVID-19 Impact on the Global Feed Binders Market

The FAO has acknowledged that the spread of COVID- 19 pandemic is subsiding in a few countries and regions of the world. Still, it is also resurging or spreading quickly in some other countries such as Korea, Brazil, and India. This outbreak has affected significant elements of both food supply and demand. Border closures, quarantines, market supply chains, and trade disruptions have restricted people�s access to sufficient and nutritious sources of food, especially in countries hit hard by the virus. However, as the governments on a global level shut down borders and economies for restricting the spread of the coronavirus, the businesses observed major impacts on their international trades. Many markets are focusing on fulfilling their requirements for feed additives and feed binders by domestic companies. This is, however, causing an imbalance between the demand and supply quantities. However, some regions are completely dependent on imports and are facing tough situations. All these factors hampered the potential growth of the market at the beginning of 2020.

In January 2020, Darling Ingredients Inc. acquired the 50% joint venture of EnviroFlight, LLC (US), owned by Intrexon Corporation (US), thereby increasing its ownership interest in EnviroFlight to 100%.

Market Dynamics

Driver: Strong growth in the compound feed industry

The feed sector plays a crucial part in addressing global food and agriculture issues. Feed manufacturers are becoming more aware of the need to increase the nutritional value of feed products to improve the digestibility of animals to optimum levels. According to the FAO, global compound feed production has been estimated to be about 1 billion tonnes every year. Compound feed can be defined as the final feed product made up of various raw materials and additives. Additives are added to the feed to enhance their nutritional value, shelf-life, and quality. The compound feed industry is growing at a very fast pace, which fuels the need for the development of new additives in the feed market.

According to the International Feed Industry Federation (IFIF), there is a continuous increase in the demand for animal protein from the livestock, dairy, and fish sectors at a global level. The FAO estimated that the demand for food is projected to grow by 60% in 2050, with the expected growth of animal proteins at 1.7% per year. This, in turn, will increase the demand for feed and, in turn, would increase the demand for feed additives such as feed binders

Restraint: Price volatility and availability of raw materials

Binding agents, such as guar gum, corn starch, agar, carrageenan, and gelatin, are highly effective binders but are very expensive to include in the feed. To optimize the cost of feed ingredients, compound feed mixers, or livestock, farmers opt for binders with high-cohesive properties to reduce the amount of inclusion as well as to limit the cost. Cost-effective binders, such as lignosulphonates and clay, are moderately expensive, with very low inclusion levels from 0.2% to 0.8%. Feed products are mostly formulated and designed by limiting the overall cost to sustain their market presence. The prices of raw materials can increase based on the source, extraction process, or the chances of availability in the region.

Opportunity: Increased popularity of natural solutions for pet food nutrition

Owners of pets remain very sensitive and concerned about the quality, safety, and source of the ingredients involved in the manufacturing of pet food. The trend of keeping pets is also gaining pace these days. According to Agriculture and Agri-Food Canada, 2013, the US has the largest population of pets and has one of the largest pet food markets worldwide. In 2018, Agriculture and Agri-Food Canada quoted the value of the pet food market in Europe, which was worth USD 24.1 billion. It is projected to reach USD 28.1 billion by 2022, with an estimated CAGR of 3.5% from 2018 to 2022. This implies that pet owners are looking for premium products for their pets.

Challenges: Low-quality products can be a challenge in developing economies

Low-quality products are used by some regional or local manufacturers to reap the benefits of the growing demand for compound feed. Duplicate and low-quality products can create health issues in the livestock and are a big concern for producers. There are many small players in the developing markets of Asia Pacific that offer compound feed without any brand name, and somehow increase their profits by selling unauthorized duplicate products. These local manufacturers attract feed consumers by offering lower prices for their low-quality compound feed.

By type, the lignosulphonates segment is projected to be the fastest-growing segment in the feed binders market during the forecast period.

The lignosulphonates segment is projected to be the fastest-growing segment in the market. They are used due to their binding, dispersing, and emulsifying properties in the manufacture of feed products, to provide structural integrity. It helps in adding more steam during the production of compressed pellets than hemicellulose, and hence, enhances the overall productivity. Moreover, these products are easily digestible by ruminants, particularly cattle, sheep, and goats. Hemicellulose extracts, along with molasses, can increase the pellet durability and improve intra-particle cohesion, due to which it witnesses significant demand.

By livestock, the poultry segment is projected to dominate the market during the forecast period.

The poultry segment is projected to hold the largest share in the feed binders market during the forecast period. Feed binders, such as clay and Lignosulfonates, are some of the significant binders used in poultry feed for high-quality and quantity production. On a global level, the total poultry production continues to increase, and with such growth in poultry production and consumption, it has become essential for meat producers to focus on the quality of meat. This is projected to drive the growth of the market, as it provides a complete nutritional feed for poultry.

By source, the natural segment is projected to dominate the feed binders market during the forecast period.

The natural segment is projected to hold the largest share in the market during the forecast period. With the increasing demand for organic animal feed and pet food, the demand for natural feed ingredients is increasing from the manufacturers of organic animal feed, aquafeed, and pet food. Consumers are now more conscious of the ingredients in animal feed. Additionally, since the demand for organic and natural food is increasing among consumers, pet owners want the same for their pets. Consumers expect the food for their pets to be made without any synthetic ingredients, such as artificial colors, flavors or preservatives, antibiotics, synthetic hormones, or toxic pesticides. Thus, the demand for natural animal feed and pet food ingredients is increasing.

Feed Binder Market by Region

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The increasing demand for feed binders in the Asia Pacific region is projected to drive the growth of the market.

Asia Pacific is witnessing a high demand for feed binders for use mainly in the poultry feed industry. The population in developing countries of the Asia Pacific region�such as India, China, Indonesia, Vietnam, and Thailand�are projected to increase the consumption of meat products at an annual rate of 2.4% till 2030, according to the FAO report on �World Agriculture: Towards 2015/2030.� These factors have increased the demand for high-quality feed, and thereby, for feed binders to enhance the structural integrity and reduce the loss of feed ingredients.

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Scope of the Report

Report Metric	Details
Market size estimation	2016�2019, and 2020-2025
Base year considered	2019
Forecast period considered	2020�2025
Units considered	Value (USD) & Volume (�000 Tons)
Segments covered	Type, Livestock, Source, and Region
Regions covered	North America, Asia Pacific, Europe, South America, and RoW
Companies studied	The major market players include Archer Daniels Midland Company (US), Darling Ingredients, Inc. (US), Ingredion, Inc. (US), DuPont (US). (Total 25 companies).

This research report categorizes the feed binders market based on type, livestock, source, and region.

Based on type:

Lignosulfonates
Plant gums & starches
Gelatin & other hydrocolloids
Molasses
Clay
Other types (carboxymethylcellulose (CMC), wheat gluten & middlings, urea-formaldehyde, and polymethylcellulose (PMC)

Based on source:

Natural
Synthetic
Based on type:
Poultry
Cattle
Swine
Aquatic animals
Dogs & Cats
Other livestock (equine and pet animals such as reptiles & birds)

Based on the region:

North America
Europe
Asia Pacific
South America
Rest of World (RoW)*

*Rest of the World (RoW) includes South Africa, Egypt, and Other countries in RoW

Key Market Players

Key players in the market include Archer Daniels Midland Company (US), DuPont (US), Darling Ingredients Inc. (US), Roquette Freres (France), Borregaard ASA (Norway), Gelita AG (Germany), CP Kelco Inc. (US), and Avebe U.A. (Netherlands).

Recent Developments:

In January 2020, Darling Ingredients Inc. acquired the 50% joint venture of EnviroFlight, LLC (US), owned by Intrexon Corporation (US), thereby increasing its ownership interest in EnviroFlight to 100%.
In November 2019, Cargill Animal Nutrition and Health launched a mycotoxin binder known as Notox Ultimate Pro. This product helps swine farmers tackle the challenges of mycotoxin contamination in feed materials.
In April 2019, ADM opened a new high-tech livestock feed facility in Quincy, Illinois, US, to increase its animal nutrition capabilities and cater to its customers in aquaculture and other animal industries.
In December 2019, CP Kelco, a global leader of nature-based ingredient solutions, is announcing a new distribution agreement with IMCD Brasil to serve the Brazilian market in Latin America. Effective January 1, 2020, IMCD Brasil will be the company�s strategic distributor in Brazil for CP Kelco�s pectin, gellan gum, carrageenan, xanthan gum, and diutan gum for use in a wide range of foods, beverages, and consumer and industrial products.
In March 2019, Ingredion Incorporated (US) acquired privately held potato starch producer, Western Polymer, in Washington State (US), thereby expanding the company's potato starch manufacturing capacity and processing capabilities.

Frequently Asked Questions (FAQ):

Which region is projected to account for the largest share in the feed binders market?

Asia Pacific accounted for the major market share for feed binders due to the presence of major players in these regions and the high adoption rate of sustainable livestock practices.

What is the current size of the global feed binders market?

The global feed binders market is estimated to be USD 4.5 billion in 2020 and projected to reach USD 5.1 billion by 2025, at a CAGR of 3.0%.

How would COVID-19 impact the feed binders market?

COVID-19 has affected the supply chains across the globe and thus, the meat product prices experienced a spike in the initial months of 2020. Feed productions have been notably hampered in Europe, which is affecting the feed and livestock businesses. Due to the closing down of all cafeterias, restaurants, and public diners, the domestic demand for meat and poultry has been affected. Consequently, the feed binders market has been affected, as there is lowered demand from the manufacturers.

Which are the key players in the market, and how intense is the competition?

The key market players include Archer Daniels Midland Company (US), DuPont (US), Darling Ingredients Inc. (US), Roquette Freres (France), Borregaard ASA (Norway), Gelita AG (Germany), CP Kelco Inc. (US), and Avebe U.A. (Netherlands). These companies cater to the requirements of the feed industry by providing customized feed binders products. Moreover, these companies have effective global manufacturing operations and supply chain strategies. Such advantages give these companies an edge over other companies.

What is the COVID-19 impact on feed binders manufacturers?

Feed binders suppliers have their manufacturing facilities spread across various countries across Asia Pacific, Europe, North America, South America, and RoW. Though COVID-19 has impacted their businesses as well, there is no significant impact on the global operations and supply chain of their products. Multiple manufacturing facilities of players are still in operation. .

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 36)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 STUDY SCOPE
        FIGURE 1 MARKET SEGMENTATION
        FIGURE 2 REGIONAL SEGMENTATION
    1.4 PERIODIZATION CONSIDERED
    1.5 CURRENCY CONSIDERED
        TABLE 1 USD EXCHANGE RATE, 2014�2018
    1.6 STAKEHOLDERS
    1.7 INCLUSIONS & EXCLUSIONS

2 RESEARCH METHODOLOGY (Page No. - 41)
    2.1 RESEARCH DATA
        FIGURE 3 RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key Data from Secondary Sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primaries
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                 FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                 FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN & DATA TRIANGULATION
        FIGURE 6 DATA TRIANGULATION METHODOLOGY
    2.4 RESEARCH ASSUMPTIONS & LIMITATIONS
           2.4.1 ASSUMPTIONS
           2.4.2 LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 50)
FIGURE 7 FEED BINDERS MARKET, 2018�2025 (USD MILLION)
FIGURE 8 INCREASING DEMAND FOR POULTRY FEED TO DRIVE THE MARKET
FIGURE 9 LIGNOSULFONATES ARE THE MOST COMMONLY ADOPTED FEED BINDER IN FEED
FIGURE 10 NATURAL BINDERS ARE PROJECTED TO DOMINATE THE MARKET THROUGHOUT THE FORECAST PERIOD
FIGURE 11 MARKET SNAPSHOT: ASIA PACIFIC TO ACCOUNT FOR THE LARGEST SHARE (VALUE) IN 2020

4 PREMIUM INSIGHTS (Page No. - 54)
    4.1 OPPORTUNITIES IN THE MARKET
        FIGURE 12 INCREASING DEMAND FOR COMPOUND FEED IS DRIVING THE GROWTH OF THE MARKET
    4.2 FEED BINDERS MARKET, BY KEY LIVESTOCK
        FIGURE 13 POULTRY TO BE THE LARGEST SEGMENT IN THE FEED BINDERS MARKET IN 2020
    4.3 ASIA PACIFIC: FEED BINDERS MARKET, BY KEY TYPE AND COUNTRY
        FIGURE 14 ASIA PACIFIC: CHINA TO BE AMONG THE MAJOR CONSUMERS IN 2020
    4.4 FEED BINDERS MARKET, BY LIVESTOCK & REGION
        FIGURE 15 ASIA PACIFIC TO HOLD THE LARGEST MARKET SHARE FOR POULTRY IN 2020
    4.5 FEED BINDER MARKETS, BY KEY COUNTRY
        FIGURE 16 INDIA IS PROJECTED TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 58)
    5.1 INTRODUCTION
    5.2 MACROINDICATORS
           5.2.1 GROWTH IN FEED PRODUCTION
                 FIGURE 17 GLOBAL FEED PRODUCTION, 2013�2017 (MILLION METRIC TONS)
           5.2.2 INCREASE IN THE DEMAND FOR ANIMAL PRODUCTS IN DEVELOPING COUNTRIES
                 FIGURE 18 GLOBAL PER CAPITA MEAT CONSUMPTION, 2016�2020 (POUNDS/CAPITA)
    5.3 MARKET DYNAMICS
        FIGURE 19 INCREASING MEAT CONSUMPTION HAS LED TO AN INCREASED DEMAND FOR FEED, THEREBY INCREASING THE DEMAND FOR FEED BINDERS
           5.3.1 DRIVERS
                    5.3.1.1 Strong growth in the compound feed industry
                            FIGURE 20 COMPOUND FEED PRODUCTION TREND IN THE EU, 2011�2018 (MILLION TONNES)
                               5.3.1.1.1 COVID impact on the global meat consumption
                    5.3.1.2 Growing concerns regarding animal health
                               5.3.1.2.1 COVID impact on the global trade of feed equipment and production
           5.3.2 RESTRAINTS
                    5.3.2.1 Price volatility and availability of raw materials
                            FIGURE 21 PRICE ANALYSIS OF FEED RAW MATERIALS, 2006�2017 (USD/MT)
                    5.3.2.2 Regulatory bans and restrictions
           5.3.3 OPPORTUNITIES
                    5.3.3.1 Increased popularity of natural solutions for pet food nutrition
                    5.3.3.2 Strategic growth initiatives for manufacturers to enter untapped markets
           5.3.4 CHALLENGES
                    5.3.4.1 Low-quality products can be a challenge in developing economies
                    5.3.4.2 To identify cost-efficient nutritive binders
    5.4 PRE & POST COVID-19 IMPACT ON FEED BINDERS MARKET
        FIGURE 22 PRE & POST COVID-19 IMPACT ON FEED BINDERS MARKET
    5.5 INDUSTRY TRENDS
    5.6 VALUE CHAIN ANALYSIS
        FIGURE 23 R&D AND RAW MATERIALS & MANUFACTURING: MAJOR PHASES OF VALUE ADDITION
    5.7 REGULATORY FRAMEWORK
           5.7.1 EUROPEAN UNION
           5.7.2 US
           5.7.3 CHINA
           5.7.4 CANADA
           5.7.5 BRAZIL
           5.7.6 JAPAN
           5.7.7 SOUTH AFRICA

6 FEED BINDERS MARKET, BY TYPE (Page No. - 72)
    6.1 INTRODUCTION
        FIGURE 24 LIGNOSULFONATES SEGMENT TO DOMINATE THE MARKET THROUGHOUT THE FORECAST PERIOD (USD MILLION)
        TABLE 2 MARKET SIZE FOR FEED BINDERS, BY TYPE, 2016�2019 (�000 TONS)
        TABLE 3 MARKET SIZE FOR FEED BINDERS, BY TYPE, 2020�2025 (�000 TONS)
        TABLE 4 MARKET SIZE FOR FEED BINDERS, BY TYPE, 2016�2019 (USD MILLION)
        TABLE 5 MARKET SIZE FOR FEED BINDERS, BY TYPE, 2020�2025 (USD MILLION)
    6.2 LIGNOSULFONATES
           6.2.1 THE DEMAND FOR LIGNOSULFONATES IS INCREASING, OWING TO THE EASY AVAILABILITY OF RAW MATERIALS, ESPECIALLY CELLULOSE MATERIALS
                 TABLE 6 LIGNOSULFONATES: FEED BINDERS MARKET SIZE, BY REGION, 2016�2019 (USD MILLION)
                 TABLE 7 LIGNOSULFONATES: MARKET SIZE FOR FEED BINDERS, BY REGION, 2020�2025 (USD MILLION)
                 TABLE 8 LIGNOSULFONATES: MARKET SIZE FOR FEED BINDERS, BY REGION, 2016�2019 (�000 TONS)
                 TABLE 9 LIGNOSULFONATES: MARKET SIZE FOR FEED BINDERS, BY REGION, 2020�2025 (�000 TONS)
    6.3 PLANT GUMS & STARCHES
           6.3.1 STRONG GROWTH IS WITNESSED IN THE ASIA PACIFIC REGION, IN TERMS OF VOLUME, DUE TO THE HIGH AVAILABILITY OF GUAR GUM AND TAPIOCA STARCH AT CHEAPER COSTS
                 TABLE 10 PLANT GUM & STARCHES: MARKET SIZE FOR FEED BINDERS, BY REGION, 2016�2019 (USD MILLION)
                 TABLE 11 PLANT GUM & STARCHES: MARKET SIZE FOR FEED BINDERS, BY REGION, 2020�2025 (USD MILLION)
                 TABLE 12 PLANT GUM & STARCHES: MARKET SIZE FOR FEED BINDERS, BY REGION, 2016�2019 (�000 TONS)
                 TABLE 13 PLANT GUM & STARCHES: MARKET SIZE FOR FEED BINDERS, BY REGION, 2020�2025 (�000 TONS)
    6.4 GELATIN & OTHER HYDROCOLLOIDS
           6.4.1 GROWING REGULATORY CHALLENGES IN EUROPEAN COUNTRIES HAVE LED TO THE REDUCED ADOPTION OF GELATIN AS FEED BINDERS
                 TABLE 14 GELATIN & OTHER HYDROCOLLOIDS: MARKET SIZE FOR FEED BINDERS, BY REGION, 2016�2019 (USD MILLION)
                 TABLE 15 GELATIN & OTHER HYDROCOLLOIDS: MARKET SIZE FOR FEED BINDERS, BY REGION, 2020�2025 (USD MILLION)
                 TABLE 16 GELATIN & OTHER HYDROCOLLOIDS: MARKET SIZE FOR FEED BINDERS, BY REGION, 2016�2019 (�000 TONS)
                 TABLE 17 GELATIN & OTHER HYDROCOLLOIDS: MARKET SIZE FOR FEED BINDERS, BY REGION, 2020�2025 (�000 TONS)
    6.5 MOLASSES
           6.5.1 MOLASSES BINDERS, A SAFE AND ECONOMICAL SOURCE OF BINDERS, WITNESSING STRONG GROWTH
                 TABLE 18 MOLASSES: FEED BINDERS MARKET SIZE, BY REGION, 2016�2019 (USD MILLION)
                 TABLE 19 MOLASSES: MARKET SIZE FOR FEED BINDERS, BY REGION, 2020�2025 (USD MILLION)
                 TABLE 20 MOLASSES: MARKET SIZE FOR FEED BINDERS, BY REGION, 2016�2019 (�000 TONS)
                 TABLE 21 MOLASSES: MARKET SIZE FOR FEED BINDERS, BY REGION, 2020�2025 (�000 TONS)
    6.6 CLAY
           6.6.1 THE UTILIZATION OF CLAY IN POULTRY FEED HAS BEEN INCREASING DUE TO ITS WATER ABSORPTION PROPERTIES TO REDUCE WET DROPPINGS
                 TABLE 22 CLAY: FEED BINDERS MARKET SIZE, BY REGION, 2016�2019 (USD MILLION)
                 TABLE 23 CLAY: MARKET SIZE FOR FEED BINDERS, BY REGION, 2020�2025 (USD MILLION)
                 TABLE 24 CLAY: MARKET SIZE FOR FEED BINDERS, BY REGION, 2016�2019 (�000 TONS)
                 TABLE 25 CLAY: MARKET SIZE FOR FEED BINDERS, BY REGION, 2020�2025 (�000 TONS)
    6.7 OTHER TYPES
           6.7.1 THESE FEED BINDERS ARE USED ON PREMIUM FEED PRODUCTS DUE TO HIGH PRICES
                 TABLE 26 OTHER TYPES: MARKET SIZE FOR FEED BINDERS, BY REGION, 2016�2019 (USD MILLION)
                 TABLE 27 OTHER TYPES: MARKET SIZE FOR FEED BINDERS, BY REGION, 2020�2025 (USD MILLION)
                 TABLE 28 OTHER TYPES: MARKET SIZE FOR FEED BINDERS, BY REGION, 2016�2019 (�000 TONS)
                 TABLE 29 OTHER TYPES: MARKET SIZE FOR FEED BINDERS, BY REGION, 2020�2025 (�000 TONS)

7 FEED BINDERS MARKET, BY SOURCE (Page No. - 89)
    7.1 INTRODUCTION
        FIGURE 25 NATURAL SEGMENT PROJECTED TO DOMINATE THE MARKET THROUGHOUT THE FORECAST PERIOD
        TABLE 30 FEED BINDERS MARKET SIZE, BY SOURCE, 2016�2019 (USD MILLION)
        TABLE 31 MARKET SIZE FOR FEED BINDERS, BY SOURCE, 2020�2025 (USD MILLION)
    7.2 NATURAL
           7.2.1 INCREASING DEMAND FOR ORGANIC OR NATURAL FEED AND PET FOOD PROPELLING THE GROWTH OF THE MARKET
                 TABLE 32 NATURAL: FEED BINDERS MARKET SIZE, BY REGION, 2016�2019 (USD MILLION)
                 TABLE 33 NATURAL: MARKET SIZE FOR FEED BINDERS, BY REGION, 2020�2025 (USD MILLION)
    7.3 SYNTHETIC
           7.3.1 COST-EFFECTIVENESS OF SYNTHETIC BINDERS CONTINUES TO CREATE DEMAND
                 TABLE 34 SYNTHETIC: MARKET SIZE FOR FEED BINDERS, BY REGION, 2016�2019 (USD MILLION)
                 TABLE 35 SYNTHETIC: MARKET SIZE FOR FEED BINDERS, BY REGION, 2020�2025 (USD MILLION)

8 FEED BINDERS MARKET, BY LIVESTOCK (Page No. - 94)
    8.1 MACROINDICATORS
           8.1.1 INCREASE IN LIVESTOCK POPULATION
                 FIGURE 26 GLOBAL LIVESTOCK PRODUCTION, 2011�2017 (BILLION HEADS)
    8.2 INTRODUCTION
        FIGURE 27 POULTRY IS PROJECTED TO DOMINATE THE MARKET THROUGHOUT THE FORECAST PERIOD
        TABLE 36 FEED BINDERS MARKET SIZE, BY LIVESTOCK, 2016�2019 (USD MILLION)
        TABLE 37 FEED BINDERS MARKET SIZE, BY LIVESTOCK, 2020�2025 (USD MILLION)
    8.3 POULTRY
           8.3.1 THE POULTRY SEGMENT IS PROJECTED TO BE THE LARGEST DURING THE FORECAST PERIOD
           8.3.2 COVID-19 IMPACT ON POULTRY FEED SECTOR
                 TABLE 38 POULTRY: FEED BINDERS MARKET SIZE, BY REGION, 2016�2019 (USD MILLION)
                 TABLE 39 POULTRY: MARKET SIZE FOR FEED BINDERS, BY REGION, 2020�2025 (USD MILLION)
    8.4 SWINE
           8.4.1 INCREASING PORK CONSUMPTION TO PRESENT HIGH-GROWTH POTENTIAL FOR FEED BINDERS
           8.4.2 COVID-19 IMPACT ON SWINE FEED SECTOR
                 TABLE 40 SWINE: MARKET SIZE FOR FEED BINDERS, BY REGION, 2016�2019 (USD MILLION)
                 TABLE 41 SWINE: MARKET SIZE FOR FEED BINDERS, BY REGION, 2020�2025 (USD MILLION)
    8.5 CATTLE
           8.5.1 INCREASING DEMAND FOR DAIRY AND DAIRY-BASED PRODUCTS TO DRIVE THE DEMAND FOR CATTLE SEGMENT
           8.5.2 COVID-19 IMPACT ON CATTLE FEED SECTOR
                 TABLE 42 CATTLE: FEED BINDERS MARKET SIZE, BY REGION, 2016�2019 (USD MILLION)
                 TABLE 43 CATTLE: MARKET SIZE FOR FEED BINDERS, BY REGION, 2020�2025 (USD MILLION)
    8.6 AQUATIC ANIMALS
           8.6.1 HIGH GROWTH IN THE AQUAFEED INDUSTRY IN THE ASIA PACIFIC REGION TO OFFER GROWTH OPPORTUNITIES FOR MANUFACTURERS
           8.6.2 COVID-19 IMPACT ON AQUAFEED SECTOR
                 TABLE 44 AQUATIC ANIMALS: MARKET SIZE FOR FEED BINDERS, BY REGION, 2016�2019 (USD MILLION)
                 TABLE 45 AQUATIC ANIMALS: MARKET SIZE FOR FEED BINDERS, BY REGION, 2020�2025 (USD MILLION)
    8.7 DOGS & CATS
           8.7.1 INCREASE IN THE NUMBER OF PET OWNERS AND RISING EXPENDITURE ON PET FOOD TO OFFER GROWTH OPPORTUNITIES FOR FEED BINDER MANUFACTURERS
           8.7.2 COVID-19 IMPACT ON DOG & CAT FOOD
                 TABLE 46 DOGS & CATS: MARKET SIZE FOR FEED BINDERS, BY REGION, 2016�2019 (USD MILLION)
                 TABLE 47 DOGS & CATS: MARKET SIZE FOR FEED BINDERS, BY REGION, 2020�2025 (USD MILLION)
    8.8 OTHER LIVESTOCK
           8.8.1 THE GROWING NEED TO IMPROVE THE PERFORMANCE OF EQUINE TO DRIVE THE MARKET GROWTH
                 TABLE 48 OTHER LIVESTOCK: MARKET SIZE FOR FEED BINDERS, BY REGION, 2016�2019 (USD MILLION)
                 TABLE 49 OTHER LIVESTOCK: MARKET SIZE FOR FEED BINDERS, BY REGION, 2020�2025 (USD MILLION)

9 FEED BINDERS MARKET, BY REGION (Page No. - 108)
    9.1 INTRODUCTION
        FIGURE 28 CHINA TO ACCOUNT FOR THE LARGEST SHARE IN THE FEED BINDERS MARKET, BY VALUE, IN 2020
        TABLE 50 MARKET SIZE FOR FEED BINDERS, BY REGION, 2016�2019 (�000 TONS)
        TABLE 51 MARKET SIZE FOR FEED BINDERS, BY REGION, 2020�2025 (�000 TONS)
        TABLE 52 MARKET SIZE FOR FEED BINDERS, BY REGION, 2016�2019 (USD MILLION)
        TABLE 53 MARKET SIZE FOR FEED BINDERS, BY REGION, 2020�2025 (USD MILLION)
    9.2 NORTH AMERICA
        FIGURE 29 NORTH AMERICA: REGIONAL SNAPSHOT, 2020
        TABLE 54 NORTH AMERICA: FEED BINDERS MARKET SIZE, BY COUNTRY, 2016�2019 (USD MILLION)
        TABLE 55 NORTH AMERICA: MARKET SIZE FOR FEED BINDERS, BY COUNTRY, 2020�2025 (USD MILLION)
        TABLE 56 NORTH AMERICA: MARKET SIZE FOR FEED BINDERS, BY COUNTRY, 2016�2019 (�000 TONS)
        TABLE 57 NORTH AMERICA: MARKET SIZE FOR FEED BINDERS, BY COUNTRY, 2020�2025 (�000 TONS)
        TABLE 58 NORTH AMERICA: MARKET SIZE FOR FEED BINDERS, BY LIVESTOCK, 2016�2019 (USD MILLION)
        TABLE 59 NORTH AMERICA: MARKET SIZE FOR FEED BINDERS, BY LIVESTOCK, 2020�2025 (USD MILLION)
        TABLE 60 NORTH AMERICA: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2016�2019 (�000 TONS)
        TABLE 61 NORTH AMERICA: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2020�2025 (�000 TONS)
        TABLE 62 NORTH AMERICA: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2016�2019 (USD MILLION)
        TABLE 63 NORTH AMERICA: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2020�2025 (USD MILLION)
        TABLE 64 NORTH AMERICA: MARKET SIZE FOR FEED BINDERS, BY SOURCE, 2016�2019 (USD MILLION)
        TABLE 65 NORTH AMERICA: MARKET SIZE FOR FEED BINDERS, BY SOURCE, 2020�2025 (USD MILLION)
           9.2.1 US
                    9.2.1.1 Demand for quality feed products driving the demand for feed binders
                            TABLE 66 US: FEED BINDERS MARKET SIZE, BY TYPE, 2016�2019 (�000 TONS)
                            TABLE 67 US: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2020�2025 (�000 TONS)
                            TABLE 68 US: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2016�2019 (USD MILLION)
                            TABLE 69 US: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2020�2025 (USD MILLION)
                            TABLE 70 US: MARKET SIZE FOR FEED BINDERS, BY LIVESTOCK, 2016�2019 (USD MILLION)
                            TABLE 71 US: FEED BINDERS MARKET SIZE, BY LIVESTOCK, 2020�2025 (USD MILLION)
           9.2.2 CANADA
                    9.2.2.1 Relatively low-cost feed raw materials allow manufacturers to adopt high-quality feed binders for compound feed production
                            TABLE 72 CANADA: FEED BINDERS MARKET SIZE, BY TYPE, 2016�2019 (�000 TONS)
                            TABLE 73 CANADA: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2020�2025 (�000 TONS)
                            TABLE 74 CANADA: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2016�2019 (USD MILLION)
                            TABLE 75 CANADA: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2020�2025 (USD MILLION)
                            TABLE 76 CANADA: MARKET SIZE FOR FEED BINDERS, BY LIVESTOCK, 2016�2019 (USD MILLION)
                            TABLE 77 CANADA: MARKET SIZE FOR FEED BINDERS, BY LIVESTOCK, 2020�2025 (USD MILLION)
           9.2.3 MEXICO
                    9.2.3.1 Rising export demand for high-quality meat to boost the market for feed binders
                            TABLE 78 MEXICO: FEED BINDERS MARKET SIZE, BY TYPE, 2016�2019 (�000 TONS)
                            TABLE 79 MEXICO: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2020�2025 (�000 TONS)
                            TABLE 80 MEXICO: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2016�2019 (USD MILLION)
                            TABLE 81 MEXICO: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2020�2025 (USD MILLION)
                            TABLE 82 MEXICO: MARKET SIZE FOR FEED BINDERS, BY LIVESTOCK, 2016�2019 (USD MILLION)
                            TABLE 83 MEXICO: MARKET SIZE FOR FEED BINDERS, BY LIVESTOCK, 2020�2025 (USD MILLION)
    9.3 COVID-19 IMPACT ON NORTH AMERICA
    9.4 EUROPE
        FIGURE 30 EUROPE: REGIONAL SNAPSHOT, 2020
        TABLE 84 EUROPE: FEED BINDERS MARKET SIZE, BY COUNTRY, 2016�2019 (USD MILLION)
        TABLE 85 EUROPE: MARKET SIZE FOR FEED BINDERS, BY COUNTRY, 2020�2025 (USD MILLION)
        TABLE 86 EUROPE: MARKET SIZE FOR FEED BINDERS, BY COUNTRY, 2016�2019 (�000 TONS)
        TABLE 87 EUROPE: MARKET SIZE FOR FEED BINDERS, BY COUNTRY, 2020�2025 (�000 TONS)
        TABLE 88 EUROPE: MARKET SIZE FOR FEED BINDERS, BY LIVESTOCK, 2016�2019 (USD MILLION)
        TABLE 89 EUROPE: MARKET SIZE FOR FEED BINDERS, BY LIVESTOCK, 2020�2025 (USD MILLION)
        TABLE 90 EUROPE: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2016�2019 (�000 TONS)
        TABLE 91 EUROPE: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2020�2025 (�000 TONS)
        TABLE 92 EUROPE: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2016�2019 (USD MILLION)
        TABLE 93 EUROPE: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2020�2025 (USD MILLION)
        TABLE 94 EUROPE: MARKET SIZE FOR FEED BINDERS, BY SOURCE, 2016�2019 (USD MILLION)
        TABLE 95 EUROPE: MARKET SIZE FOR FEED BINDERS, BY SOURCE, 2020�2025 (USD MILLION)
           9.4.1 SPAIN
                    9.4.1.1 Increasing demand to produce better quality, nutritious livestock feed propelling the demand for feed binders
                            TABLE 96 SPAIN: FEED BINDERS MARKET SIZE, BY TYPE, 2016�2019 (�000 TONS)
                            TABLE 97 SPAIN: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2020�2025 (�000 TONS)
                            TABLE 98 SPAIN: MARKET SIZE FOR FEED BINDERS BY TYPE, 2016�2019 (USD MILLION)
                            TABLE 99 SPAIN: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2020�2025 (USD MILLION)
                            TABLE 100 SPAIN: MARKET SIZE FOR FEED BINDERS, BY LIVESTOCK, 2016�2019 (USD MILLION)
                            TABLE 101 SPAIN: MARKET SIZE FOR FEED BINDERS, BY LIVESTOCK, 2020�2025 (USD MILLION)
           9.4.2 RUSSIA
                    9.4.2.1 The Russian meat industry has witnessed significant growth in recent years, which has led to the increased consumption of compound feed and feed binders
                            TABLE 102 RUSSIA: FEED BINDERS MARKET SIZE, BY TYPE, 2016�2019 (�000 TONS)
                            TABLE 103 RUSSIA: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2020�2025 (�000 TONS)
                            TABLE 104 RUSSIA: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2016�2019 (USD MILLION)
                            TABLE 105 RUSSIA: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2020�2025 (USD MILLION)
                            TABLE 106 RUSSIA: MARKET SIZE FOR FEED BINDERS, BY LIVESTOCK, 2016�2019 (USD MILLION)
                            TABLE 107 RUSSIA: MARKET SIZE FOR FEED BINDERS, BY LIVESTOCK, 2020�2025 (USD MILLION)
           9.4.3 GERMANY
                    9.4.3.1 Increased production of quality feed has led to the usage of feed additives, such as feed binders
                            TABLE 108 GERMANY: FEED BINDERS MARKET SIZE, BY TYPE, 2016�2019 (�000 TONS)
                            TABLE 109 GERMANY: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2020�2025 (�000 TONS)
                            TABLE 110 GERMANY: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2016�2019 (USD MILLION)
                            TABLE 111 GERMANY: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2020�2025 (USD MILLION)
                            TABLE 112 GERMANY: MARKET SIZE FOR FEED BINDERS, BY LIVESTOCK, 2016�2019 (USD MILLION)
                            TABLE 113 GERMANY: MARKET SIZE FOR FEED BINDERS, BY LIVESTOCK, 2020�2025 (USD MILLION)
           9.4.4 FRANCE
                    9.4.4.1 Quality concerns pertaining to disease outbreaks have led to the increased adoption of high-quality feed additives, such as feed binders
                            TABLE 114 FRANCE: FEED BINDERS MARKET SIZE, BY TYPE, 2016�2019 (�000 TONS)
                            TABLE 115 FRANCE: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2020�2025 (�000 TONS)
                            TABLE 116 FRANCE: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2016�2019 (USD MILLION)
                            TABLE 117 FRANCE: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2020�2025 (USD MILLION)
                            TABLE 118 FRANCE: MARKET SIZE FOR FEED BINDERS, BY LIVESTOCK, 2016�2019 (USD MILLION)
                            TABLE 119 FRANCE: MARKET SIZE FOR FEED BINDERS, BY LIVESTOCK, 2020�2025 (USD MILLION)
           9.4.5 ITALY
                    9.4.5.1 Increased focus on the imports of young calves to grow them for meat has led to the increased demand for feed and feed additives
                            TABLE 120 ITALY: FEED BINDERS MARKET SIZE, BY TYPE, 2016�2019 (�000 TONS)
                            TABLE 121 ITALY: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2020�2025 (�000 TONS)
                            TABLE 122 ITALY: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2016�2019 (USD MILLION)
                            TABLE 123 ITALY: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2020�2025 (USD MILLION)
                            TABLE 124 ITALY: MARKET SIZE FOR FEED BINDERS, BY LIVESTOCK, 2016�2019 (USD MILLION)
                            TABLE 125 ITALY: FEED BINDERS MARKET SIZE, BY LIVESTOCK, 2020�2025 (USD MILLION)
           9.4.6 UK
                    9.4.6.1 Intensive farming adoption has led to higher usage of feed additives, such as feed binders
                            TABLE 126 UK: FEED BINDERS MARKET SIZE, BY TYPE, 2016�2019 (�000 TONS)
                            TABLE 127 UK: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2020�2025 (�000 TONS)
                            TABLE 128 UK: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2016�2019 (USD MILLION)
                            TABLE 129 UK: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2020�2025 (USD MILLION)
                            TABLE 130 UK: MARKET SIZE FOR FEED BINDERS, BY LIVESTOCK, 2016�2019 (USD MILLION)
                            TABLE 131 UK: FEED BINDERS MARKET SIZE, BY LIVESTOCK, 2020�2025 (USD MILLION)
           9.4.7 REST OF EUROPE
                    9.4.7.1 Growth of the swine industry has led to the increased demand for compound feed and feed binders
                            TABLE 132 REST OF EUROPE: FEED BINDERS MARKET SIZE, BY TYPE, 2016�2019 (�000 TONS)
                            TABLE 133 REST OF EUROPE: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2020�2025 (�000 TONS)
                            TABLE 134 REST OF EUROPE: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2016�2019 (USD MILLION)
                            TABLE 135 REST OF EUROPE: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2020�2025 (USD MILLION)
                            TABLE 136 REST OF EUROPE: MARKET SIZE FOR FEED BINDERS, BY LIVESTOCK, 2016�2019 (USD MILLION)
                            TABLE 137 REST OF EUROPE: MARKET SIZE FOR FEED BINDERS, BY LIVESTOCK, 2020�2025 (USD MILLION)
    9.5 COVID-19 IMPACT ON EUROPE
    9.6 ASIA PACIFIC
        TABLE 138 ASIA PACIFIC: MARKET SIZE FOR FEED BINDERS, BY COUNTRY, 2016�2019 (USD MILLION)
        TABLE 139 ASIA PACIFIC: MARKET SIZE FOR FEED BINDERS, BY COUNTRY, 2020�2025 (USD MILLION)
        TABLE 140 ASIA PACIFIC: MARKET SIZE FOR FEED BINDERS, BY COUNTRY, 2016�2019 (�000 TONS)
        TABLE 141 ASIA PACIFIC: MARKET SIZE FOR FEED BINDERS, BY COUNTRY, 2020�2025 (�000 TONS)
        TABLE 142 ASIA PACIFIC: MARKET SIZE FOR FEED BINDERS, BY LIVESTOCK, 2016�2019 (USD MILLION)
        TABLE 143 ASIA PACIFIC: MARKET SIZE FOR FEED BINDERS, BY LIVESTOCK, 2020�2025 (USD MILLION)
        TABLE 144 ASIA PACIFIC: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2016�2019 (�000 TONS)
        TABLE 145 ASIA PACIFIC: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2020�2025 (�000 TONS)
        TABLE 146 ASIA PACIFIC: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2016�2019 (USD MILLION)
        TABLE 147 ASIA PACIFIC: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2020�2025 (USD MILLION)
        TABLE 148 ASIA PACIFIC: MARKET SIZE FOR FEED BINDERS, BY SOURCE, 2016�2019 (USD MILLION)
        TABLE 149 ASIA PACIFIC: MARKET SIZE FOR FEED BINDERS, BY SOURCE, 2020�2025 (USD MILLION)
           9.6.1 CHINA
                    9.6.1.1 Significant meat consumption in the country to drive the market growth
                            TABLE 150 CHINA: FEED BINDERS MARKET SIZE, BY TYPE, 2016�2019 (�000 TONS)
                            TABLE 151 CHINA: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2020�2025 (�000 TONS)
                            TABLE 152 CHINA: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2016�2019 (USD MILLION)
                            TABLE 153 CHINA: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2020�2025 (USD MILLION)
                            TABLE 154 CHINA: MARKET SIZE FOR FEED BINDERS, BY LIVESTOCK, 2016�2019 (USD MILLION)
                            TABLE 155 CHINA: MARKET SIZE FOR FEED BINDERS, BY LIVESTOCK, 2020�2025 (USD MILLION)
           9.6.2 INDIA
                    9.6.2.1 Increased inclination toward natural ingredients to drive the demand for feed binders in the country
                            TABLE 156 INDIA: FEED BINDERS MARKET SIZE, BY TYPE, 2016�2019 (�000 TONS)
                            TABLE 157 INDIA: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2020�2025 (�000 TONS)
                            TABLE 158 INDIA: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2016�2019 (USD MILLION)
                            TABLE 159 INDIA: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2020�2025 (USD MILLION)
                            TABLE 160 INDIA: MARKET SIZE FOR FEED BINDERS, BY LIVESTOCK, 2016�2019 (USD MILLION)
                            TABLE 161 INDIA: MARKET SIZE FOR FEED BINDERS, BY LIVESTOCK, 2020�2025 (USD MILLION)
           9.6.3 JAPAN
                    9.6.3.1 Improvements in feed quality and palatability have led to the adoption of feed binders
                            TABLE 162 JAPAN: FEED BINDERS MARKET SIZE, BY TYPE, 2016�2019 (�000 TONS)
                            TABLE 163 JAPAN: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2020�2025 (�000 TONS)
                            TABLE 164 JAPAN: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2016�2019 (USD MILLION)
                            TABLE 165 JAPAN: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2020�2025 (USD MILLION)
                            TABLE 166 JAPAN: MARKET SIZE FOR FEED BINDERS, BY LIVESTOCK, 2016�2019 (USD MILLION)
                            TABLE 167 JAPAN: MARKET SIZE FOR FEED BINDERS, BY LIVESTOCK, 2020�2025 (USD MILLION)
           9.6.4 INDONESIA
                    9.6.4.1 Organized development of livestock sector has led to an increased usage of feed additives
                            TABLE 168 INDONESIA: FEED BINDERS MARKET SIZE, BY TYPE, 2016�2019 (�000 TONS)
                            TABLE 169 INDONESIA: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2020�2025 (�000 TONS)
                            TABLE 170 INDONESIA: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2016�2019 (USD MILLION)
                            TABLE 171 INDONESIA: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2020�2025 (USD MILLION)
                            TABLE 172 INDONESIA: MARKET SIZE FOR FEED BINDERS, BY LIVESTOCK, 2016�2019 (USD MILLION)
                            TABLE 173 INDONESIA: MARKET SIZE FOR FEED BINDERS, BY LIVESTOCK, 2020�2025 (USD MILLION)
           9.6.5 SOUTH KOREA
                    9.6.5.1 Increasing consumption of poultry and beef cattle products to drive market growth
                            TABLE 174 SOUTH KOREA: FEED BINDERS MARKET SIZE, BY TYPE, 2016�2019 (�000 TONS)
                            TABLE 175 SOUTH KOREA: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2020�2025 (�000 TONS)
                            TABLE 176 SOUTH KOREA: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2016�2019 (USD MILLION)
                            TABLE 177 SOUTH KOREA: MARKET SIZE FOR FEED BINDERS BY TYPE, 2020�2025 (USD MILLION)
                            TABLE 178 SOUTH KOREA: MARKET SIZE FOR FEED BINDERS, BY LIVESTOCK, 2016�2019 (USD MILLION)
                            TABLE 179 SOUTH KOREA: MARKET SIZE FOR FEED BINDERS, BY LIVESTOCK, 2020�2025 (USD MILLION)
           9.6.6 REST OF ASIA PACIFIC
                    9.6.6.1 The increasing focus on meat production, productivity, and improved meat quality fuels the growth of the feed industry
                            TABLE 180 REST OF ASIA PACIFIC: FEED BINDERS MARKET SIZE, BY TYPE, 2016�2019 (�000 TONS)
                            TABLE 181 REST OF ASIA PACIFIC: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2020�2025 (�000 TONS)
                            TABLE 182 REST OF ASIA PACIFIC:MARKET SIZE FOR FEED BINDERS, BY TYPE, 2016�2019 (USD MILLION)
                            TABLE 183 REST OF ASIA PACIFIC: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2020�2025 (USD MILLION)
                            TABLE 184 REST OF ASIA PACIFIC: MARKET SIZE FOR FEED BINDERS, BY LIVESTOCK, 2016�2019 (USD MILLION)
                            TABLE 185 REST OF ASIA PACIFIC: MARKET SIZE FOR FEED BINDERS, BY LIVESTOCK, 2020�2025 (USD MILLION)
    9.7 COVID-19 IMPACT ON ASIA PACIFIC
    9.8 SOUTH AMERICA
        TABLE 186 SOUTH AMERICA: FEED BINDERS MARKET SIZE, BY COUNTRY, 2016�2019 (USD MILLION)
        TABLE 187 SOUTH AMERICA: MARKET SIZE FOR FEED BINDERS, BY COUNTRY, 2020�2025 (USD MILLION)
        TABLE 188 SOUTH AMERICA: MARKET SIZE FOR FEED BINDERS, BY COUNTRY, 2016�2019 (�000 TONS)
        TABLE 189 SOUTH AMERICA: MARKET SIZE FOR FEED BINDERS, BY COUNTRY, 2020�2025 (�000 TONS)
        TABLE 190 SOUTH AMERICA: MARKET SIZE FOR FEED BINDERS, BY LIVESTOCK, 2016�2019 (USD MILLION)
        TABLE 191 SOUTH AMERICA: MARKET SIZE FOR FEED BINDERS, BY LIVESTOCK, 2020�2025 (USD MILLION)
        TABLE 192 SOUTH AMERICA: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2016�2019 (�000 TONS)
        TABLE 193 SOUTH AMERICA: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2020�2025 (�000 TONS)
        TABLE 194 SOUTH AMERICA: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2016�2019 (USD MILLION)
        TABLE 195 SOUTH AMERICA: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2020�2025 (USD MILLION)
        TABLE 196 SOUTH AMERICA: MARKET SIZE FOR FEED BINDERS, BY SOURCE, 2016�2019 (USD MILLION)
        TABLE 197 SOUTH AMERICA: MARKET SIZE FOR FEED BINDERS, BY SOURCE, 2020�2025 (USD MILLION)
           9.8.1 BRAZIL
                    9.8.1.1 Growing demand for meat and meat products in domestic and international markets
                            TABLE 198 BRAZIL: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2016�2019 (�000 TONS)
                            TABLE 199 BRAZIL: FEED BINDERS MARKET SIZE, BY TYPE, 2020�2025 (�000 TONS)
                            TABLE 200 BRAZIL: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2016�2019 (USD MILLION)
                            TABLE 201 BRAZIL: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2020�2025 (USD MILLION)
                            TABLE 202 BRAZIL: MARKET SIZE FOR FEED BINDERS, BY LIVESTOCK, 2016�2019 (USD MILLION)
                            TABLE 203 BRAZIL: FEED BINDERS MARKET SIZE, BY LIVESTOCK, 2020�2025 (USD MILLION)
           9.8.2 ARGENTINA
                    9.8.2.1 Increase in meat exports driving the usage of feed additives, such as feed binders
                            TABLE 204 ARGENTINA: FEED BINDERS MARKET SIZE, BY TYPE, 2016�2019 (�000 TONS)
                            TABLE 205 ARGENTINA: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2020�2025 (�000 TONS)
                            TABLE 206 ARGENTINA: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2016�2019 (USD MILLION)
                            TABLE 207 ARGENTINA: MARKET SIZE FOR FEED BINDERS, BY TYPE, 2020�2025 (USD MILLION)
                            TABLE 208 ARGENTINA: MARKET SIZE FOR FEED BINDERSv, BY LIVESTOCK, 2016�2019 (USD MILLION)
                            TABLE 209 ARGENTINA: MARKET SIZE FOR FEED BINDERS, BY LIVESTOCK, 2020�2025 (USD MILLION)
           9.8.3 REST OF SOUTH AMERICA
                    9.8.3.1 Lack of awareness toward the usage of feed binders hindering the market growth
                            TABLE 210 REST OF SOUTH AMERICA: FEED BINDERS MARKET SIZE, BY TYPE, 2016�2019 (�000 TONS)
                            TABLE 211 REST OF SOUTH AMERICA: FEED BINDERS MARKET SIZE, BY TYPE, 2020�2025 (�000 TONS)
                            TABLE 212 REST OF SOUTH AMERICA: FEED BINDERS MARKET SIZE, BY TYPE, 2016�2019 (USD MILLION)
                            TABLE 213 REST OF SOUTH AMERICA: FEED BINDERS MARKET SIZE, BY TYPE, 2020�2025 (USD MILLION)
                            TABLE 214 REST OF SOUTH AMERICA: FEED BINDERS MARKET SIZE, BY LIVESTOCK, 2016�2019 (USD MILLION)
                            TABLE 215 REST OF SOUTH AMERICA: FEED BINDERS MARKET SIZE, BY LIVESTOCK, 2020�2025 (USD MILLION)
    9.9 COVID-19 IMPACT ON SOUTH AMERICA
    9.10 REST OF THE WORLD
         TABLE 216 ROW: FEED BINDERS MARKET SIZE, BY COUNTRY, 2016�2019 (USD MILLION)
         TABLE 217 ROW: MARKET SIZE, BY COUNTRY, 2020�2025 (USD MILLION)
         TABLE 218 ROW: MARKET SIZE, BY COUNTRY, 2016�2019 (�000 TONS)
         TABLE 219 ROW: MARKET SIZE, BY COUNTRY, 2020�2025 (�000 TONS)
         TABLE 220 ROW: MARKET SIZE, BY LIVESTOCK, 2016�2019 (USD MILLION)
         TABLE 221 ROW: MARKET SIZE, BY LIVESTOCK, 2020�2025 (USD MILLION)
         TABLE 222 ROW: MARKET SIZE, BY TYPE, 2016�2019 (�000 TONS)
         TABLE 223 ROW: MARKET SIZE, BY TYPE, 2020�2025 (�000 TONS)
         TABLE 224 ROW: MARKET SIZE, BY TYPE, 2016�2019 (USD MILLION)
         TABLE 225 ROW: MARKET SIZE, BY TYPE, 2020�2025 (USD MILLION)
         TABLE 226 ROW: MARKET SIZE, BY SOURCE, 2016�2019 (USD MILLION)
         TABLE 227 ROW: FEED BINDERS MARKET SIZE, BY SOURCE, 2020�2025 (USD MILLION)
           9.10.1 SOUTH AFRICA
                    9.10.1.1 The advancements in the meat and dairy processing industries to fuel the market growth
                             TABLE 228 SOUTH AFRICA: FEED BINDERS MARKET SIZE, BY TYPE, 2016�2019 (�000 TONS)
                             TABLE 229 SOUTH AFRICA: MARKET SIZE, BY TYPE, 2020�2025 (�000 TONS)
                             TABLE 230 SOUTH AFRICA: MARKET SIZE, BY TYPE, 2016�2019 (USD MILLION)
                             TABLE 231 SOUTH AFRICA: MARKET SIZE, BY TYPE, 2020�2025 (USD MILLION)
                             TABLE 232 SOUTH AFRICA: MARKET SIZE, BY LIVESTOCK, 2016�2019 (USD MILLION)
                             TABLE 233 SOUTH AFRICA: MARKET SIZE, BY LIVESTOCK, 2020�2025 (USD MILLION)
           9.10.2 EGYPT
                    9.10.2.1 Increased investments in feed manufacturing facilities have led to a surge in demand for commercial feed in the country
                             TABLE 234 EGYPT: FEED BINDERS MARKET SIZE, BY TYPE, 2016�2019 (�000 TONS)
                             TABLE 235 EGYPT: MARKET SIZE, BY TYPE, 2020�2025 (�000 TONS)
                             TABLE 236 EGYPT: MARKET SIZE, BY TYPE, 2016�2019 (USD MILLION)
                             TABLE 237 EGYPT: MARKET SIZE, BY TYPE, 2020�2025 (USD MILLION)
                             TABLE 238 EGYPT: MARKET SIZE, BY LIVESTOCK, 2016�2019 (USD MILLION)
                             TABLE 239 EGYPT: MARKET SIZE, BY LIVESTOCK, 2020�2025 (USD MILLION)
           9.10.3 OTHERS IN ROW
                    9.10.3.1 Increase in dairy cattle imports has led to a slow but promising surge in demand for feed additives, such as feed binders, in the region
                             TABLE 240 OTHERS IN ROW: FEED BINDERS MARKET SIZE, BY TYPE, 2016�2019 (�000 TONS)
                             TABLE 241 OTHERS IN ROW: MARKET SIZE, BY TYPE, 2020�2025 (�000 TONS)
                             TABLE 242 OTHERS IN ROW: MARKET SIZE, BY TYPE, 2016�2019 (USD MILLION)
                             TABLE 243 OTHERS IN ROW: MARKET SIZE, BY TYPE, 2020�2025 (USD MILLION)
                             TABLE 244 OTHERS IN ROW: MARKET SIZE, BY LIVESTOCK, 2016�2019 (USD MILLION)
                             TABLE 245 OTHERS IN ROW: MARKET SIZE, BY LIVESTOCK, 2020�2025 (USD MILLION)
    9.11 COVID-19 IMPACT ON REST OF THE WORLD

10 COMPETITIVE LANDSCAPE (Page No. - 215)
     10.1 OVERVIEW
     10.2 MARKET SHARE ANALYSIS
          FIGURE 31 MARKET SHARE ANALYSIS FOR FEED BINDERS, 2019
     10.3 COMPETITIVE LEADERSHIP MAPPING
             10.3.1 STARS
             10.3.2 EMERGING LEADERS
             10.3.3 PERVASIVE PLAYERS
             10.3.4 EMERGING PLAYERS
                    FIGURE 32 FEED BINDERS MARKET: COMPETITIVE LEADERSHIP MAPPING, 2019
                    FIGURE 33 KEY DEVELOPMENTS OF THE LEADING PLAYERS IN THE FEED BINDERS MARKET, 2015�2020
     10.4 COMPETITIVE SCENARIO
             10.4.1 EXPANSIONS & INVESTMENTS
                    TABLE 246 EXPANSIONS & INVESTMENTS, 2015�2020
             10.4.2 ACQUISITIONS
                    TABLE 247 ACQUISITIONS, 2015�2020
             10.4.3 AGREEMENTS & JOINT VENTURES
                    TABLE 248 AGREEMENTS & JOINT VENTURES, 2015�2020

11 COMPANY PROFILES (Page No. - 223)
(Business overview, Products offered, Recent Developments, SWOT analysis, MNM view)*
     11.1 ARCHER DANIELS MIDLAND COMPANY
          FIGURE 34 ARCHER DANIELS MIDLAND COMPANY: COMPANY SNAPSHOT
     11.2 ROQUETTE FR�RES
     11.3 DARLING INGREDIENTS
          FIGURE 35 DARLING INGREDIENTS: COMPANY SNAPSHOT
     11.4 INGREDION INCORPORATED
          FIGURE 36 INGREDION INCORPORATED: COMPANY SNAPSHOT
     11.5 KEMIN INDUSTRIES, INC.
     11.6 GELITA AG
          FIGURE 37 GELITA AG: COMPANY SNAPSHOT
     11.7 DUPONT
          FIGURE 38 DUPONT: COMPANY SNAPSHOT
     11.8 BORREGAARD
          FIGURE 39 BORREGAARD: COMPANY SNAPSHOT
     11.9 J. M. HUBER CORPORATION
     11.10 BENEO
     11.11 UNISCOPE, INC.
     11.12 AVEBE
           FIGURE 40 AVEBE: COMPANY SNAPSHOT
     11.13 IRO ALGINATE
     11.14 A.F. SUTER & CO LTD
     11.15 BENTOLI
     11.16 BONAVENTURE ANIMAL NUTRITION
     11.17 CRA-VAC INDUSTRIES INC.
     11.18 FUZHOU WONDERFUL BIOLOGICAL TECHNOLOGY CO., LTD
     11.19 BALTIVET
     11.20 CHEMROSE
     11.21 ALLWYN CHEM INDUSTRIES
     11.22 VETLINE
     11.23 VISCO STARCH
     11.24 VETSFARMA LTD.
     11.25 NATURAL REMEDIES

*Details on Business overview, Products offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.

12 ADJACENT & RELATED MARKETS (Page No. - 262)
     12.1 INTRODUCTION
     12.2 LIMITATIONS
     12.3 FEED ADDITIVES MARKET
             12.3.1 MARKET DEFINITION
             12.3.2 MARKET OVERVIEW
                    FIGURE 41 FEED ADDITIVES MARKET IS ESTIMATED TO WITNESS HIGH GROWTH DURING THE FORECAST PERIOD
     12.4 FEED ADDITIVES MARKET, BY LIVESTOCK
             12.4.1 INTRODUCTION
                    TABLE 249 FEED ADDITIVES MARKET SIZE, BY LIVESTOCK, 2015�2022 (USD MILLION)
                    TABLE 250 FEED ADDITIVES MARKET SIZE, BY LIVESTOCK, 2015�2022 (KT)
                    TABLE 251 FEED ADDITIVES FOR RUMINANTS MARKET SIZE, BY TYPE, 2015�2022 (USD MILLION)
                    TABLE 252 FEED ADDITIVES FOR RUMINANTS MARKET SIZE, BY REGION, 2015�2022 (USD MILLION)
                    TABLE 253 FEED ADDITIVES FOR RUMINANTS MARKET SIZE, BY REGION, 2015�2022 (KT)
     12.5 FEED ADDITIVES MARKET, BY REGION
             12.5.1 NORTH AMERICA
                    TABLE 254 NORTH AMERICA: FEED ADDITIVES MARKET SIZE, BY TYPE, 2015�2022 (USD MILLION)
                    TABLE 255 NORTH AMERICA: FEED ADDITIVES MARKET SIZE, BY LIVESTOCK, 2015�2022 (USD MILLION)
                    TABLE 256 NORTH AMERICA: FEED ADDITIVES MARKET SIZE, BY LIVESTOCK, 2015�2022 (KT)
             12.5.2 EUROPE
                    TABLE 257 EUROPE: FEED ADDITIVES MARKET SIZE, BY TYPE, 2015�2022 (USD MILLION)
                    TABLE 258 EUROPE: FEED ADDITIVES MARKET SIZE, BY LIVESTOCK, 2015�2022 (USD MILLION)
                    TABLE 259 EUROPE: FEED ADDITIVES MARKET SIZE, BY LIVESTOCK, 2015�2022 (KT)
             12.5.3 ASIA PACIFIC
                    TABLE 260 ASIA PACIFIC: FEED ADDITIVES MARKET SIZE, BY TYPE, 2015�2022 (USD MILLION)
                    TABLE 261 ASIA PACIFIC: FEED ADDITIVES MARKET SIZE, BY LIVESTOCK, 2015�2022 (USD MILLION)
                    TABLE 262 ASIA PACIFIC: FEED ADDITIVES MARKET SIZE, BY LIVESTOCK, 2015�2022 (KT)
             12.5.4 SOUTH AMERICA
                    TABLE 263 SOUTH AMERICA: FEED ADDITIVES MARKET SIZE, BY TYPE, 2015�2022 (USD MILLION)
                    TABLE 264 SOUTH AMERICA: FEED ADDITIVES MARKET SIZE, BY LIVESTOCK, 2015�2022 (USD MILLION)
                    TABLE 265 SOUTH AMERICA: FEED ADDITIVES MARKET SIZE, BY LIVESTOCK, 2015�2022 (KT)
             12.5.5 REST OF THE WORLD
                    TABLE 266 ROW: FEED ADDITIVES MARKET SIZE, BY TYPE, 2015�2022 (USD MILLION)
                    TABLE 267 ROW: FEED ADDITIVES MARKET SIZE, BY LIVESTOCK, 2015�2022 (USD MILLION)
                    TABLE 268 ROW: FEED ADDITIVES MARKET SIZE, BY LIVESTOCK, 2015�2022 (KT)
     12.6 FEED PROCESSING MARKET
     12.7 LIMITATIONS
     12.8 MARKET DEFINITION
     12.9 MARKET OVERVIEW
          FIGURE 42 FEED PROCESSING MARKET IS ESTIMATED TO HAVE A HIGH GROWTH DURING THE FORECAST PERIOD
     12.10 FEED PROCESSING MARKET, BY LIVESTOCK
          TABLE 269 FEED PROCESSING EQUIPMENT MARKET SIZE, BY LIVESTOCK, 2016�2023 (USD MILLION)
     12.11 FEED PROCESSING MARKET, BY REGION
             12.11.1 NORTH AMERICA
                     TABLE 270 NORTH AMERICA: FEED PROCESSING EQUIPMENT MARKET SIZE, BY LIVESTOCK, 2016�2023 (USD MILLION)
                     TABLE 271 NORTH AMERICA: FEED PROCESSING EQUIPMENT MARKET SIZE, BY FORM OF FEED, 2016�2023 (USD MILLION)
             12.11.2 ASIA PACIFIC
                     TABLE 272 ASIA PACIFIC: FEED PROCESSING EQUIPMENT MARKET SIZE, BY LIVESTOCK, 2016�2023 (USD MILLION)
                     TABLE 273 ASIA PACIFIC: FEED PROCESSING EQUIPMENT MARKET SIZE, BY FORM OF FEED, 2016�2023 (USD MILLION)
             12.11.3 EUROPE
                     TABLE 274 EUROPE: FEED PROCESSING EQUIPMENT MARKET SIZE, BY LIVESTOCK, 2016�2023 (USD MILLION)
                     TABLE 275 EUROPE: FEED PROCESSING EQUIPMENT MARKET SIZE, BY FORM OF FEED, 2016�2023 (USD MILLION)
             12.11.4 SOUTH AMERICA
                     TABLE 276 SOUTH AMERICA: FEED PROCESSING EQUIPMENT MARKET SIZE, BY LIVESTOCK, 2016�2023 (USD MILLION)
                     TABLE 277 SOUTH AMERICA: FEED PROCESSING EQUIPMENT MARKET SIZE, BY FORM OF FEED, 2016�2023 (USD MILLION)
             12.11.5 REST OF THE WORLD (ROW)
                     TABLE 278 ROW: FEED PROCESSING EQUIPMENT MARKET SIZE, BY LIVESTOCK, 2016�2023 (USD MILLION)
                     TABLE 279 ROW: FEED PROCESSING EQUIPMENT MARKET SIZE, BY FORM OF FEED, 2016�2023 (USD MILLION)

13 APPENDIX (Page No. - 285)
     13.1 DISCUSSION GUIDE
     13.2 KNOWLEDGE STORE: MARKETSANDMARKETS� SUBSCRIPTION PORTAL
     13.3 AVAILABLE CUSTOMIZATIONS
     13.4 RELATED REPORTS
     13.5 AUTHOR DETAILS

The study involves four major activities to estimate the current market size for feed binders. Exhaustive secondary research was conducted to collect information on the market, peer market, and parent market. These findings, assumptions, and market size were validated with the industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the total market size. After that, the market breakdown and data triangulation methods were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources, such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to, in order to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard & silver standard websites, food safety organizations, regulatory bodies, trade directories, and databases.

Primary Research

The feed binders market comprises several stakeholders, such as manufacturers of feed binders, suppliers of raw materials, manufacturers of feed products, government & research organizations, and industry bodies. The demand-side of this market is characterized by the rising demand from the feed industry. The supply-side is characterized by the advancements in technology and production of diverse livestock products in the industry

Feed Binder Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the feed binders market. These methods were also used extensively to determine the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

The key players in the industry and markets were identified through extensive secondary research.
The industry�s supply chain and market size, in terms of value and volume, were determined through primary and secondary research processes.
All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary respondents

Global Feed Binders Market Size: Bottom-Up Approach

Feed Binder Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall market size�using the market size estimation processes, as explained above�the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

To define, segment, and project the global market size for the feed binders market
To understand the structure of the feed binders market by identifying its various subsegments
To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
To analyze the micro-markets, concerning individual growth trends, prospects, and their contribution to the total feed binders market
To project the size of the market and its submarkets, in terms of value and volume, for various regions (along with their respective key countries)
To profile the key players and comprehensively analyze their core competencies
To understand the competitive landscape and identify the major growth strategies adopted by the players across key regions
To analyze the competitive developments such as expansions & investments, mergers & acquisitions, new product launches, partnerships, joint ventures, and agreements.

Available Customizations

Based on the given market data, MarketsandMarkets offers customizations in the reports as per client-specific requirements. The available customization options are as follows: