Feed Binders Market - Forecast (2021 - 2026)
Feed Binders are employed for binding disparate feed elements together and retain a steadied feed form. The market for feed binder products has a momentous impact on the animal feed industry. Feed binders serve as foodstuffs that can suggestively advance the integrity of the product as well as upsurges the nutrient obtainability for the livestock by averting loss during in-transfer. Feed binders are used in nutrition of animals to enhance the eminence of the feed for animals. Growing demand for protein-rich meat products along with rising consciousness about the quality of meat and ban on the use of antibiotics as growth promoters in feed additives on animal and human health. The feed binders market is driven mainly these impelling factors which are forcing the feed binders market to grow.
The feed binders market is estimated to grow at a CAGR of XX% to reach XX billion by 2021. The market for feed binders in the Asia-Pacific region is anticipated to reach nearly xx billion by 2021 and will probably remain a stronger market than European and North American regions for the next five years. The Asia-Pacific region accounted for the second largest market share in 2015 and is anticipated to be the fastest-growing market during the forecast period.
North America is the largest market for feed binders, which is followed by APAC, with the U.S being the major contributor in North America. Asia-pacific region is forecast to have highest progress during the forecast period of 2016 to 2021, attributed mainly due to the increasing acceptance of feed binders technology in industrial applications. Asia-pacific feed binders market accounts to xx% of the global market for feed binders technology for health market and is the fastest growing market followed by north americas. In nort america fertilizers industry as well as feed industry is the major end users of feed binders market for health.
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