Improving Animal Nutrition and Health: The Role of Feed Binders
Agriculture Market Research | Fortune Business Insights
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Feed binders are an essential component of animal feed, helping to ensure that the feed remains in a solid form and does not break apart during transport or storage. They also provide a way to incorporate additional nutrients and supplements into the feed, making it more nutritionally complete.
There are several types of feed binders available, including natural and synthetic options. Natural feed binders are derived from plant or animal sources, whereas synthetic binders are typically made from chemical compounds.
One common natural feed binder is molasses, which is a byproduct of sugar production. Molasses is high in sugar and can be used as a binding agent for feed, as well as a source of energy for animals. Other natural feed binders include lignin, which is derived from wood, and guar gum, which is extracted from the seeds of the guar plant.
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Synthetic feed binders are typically made from chemical compounds such as urea formaldehyde, polyvinyl alcohol, and sodium alginate. These binders are often used in combination with natural binders to create a feed that is both durable and nutritionally complete.
In addition to their binding properties, feed binders can also have other benefits for animal health and productivity. For example, some binders contain probiotics, which can help to maintain a healthy gut microbiome in animals. Others may contain vitamins and minerals that can improve overall health and well-being.
Market Driver:
Growing Inclination towards protein-rich Diets to Aid Growth
The growing demand for meat among health-conscious consumers owing to its protein-rich nutritional value is expected to bolster the growth of the market during the forecast period. The increasing inclination towards animal health and welfare can further elevate the market growth. According to the Food and Agriculture Organization (FAO) of the United Nations, global yearly meat consumption per capita is predictable to extend to 35.3 kg retail weight equivalent (r.w.e.) by 2025. Global meat production is projected to be 16% higher in 2025 than in 2014. The heavy demand for animal-based products, including meat and meat products, eggs can encourage the healthy growth of the market. Moreover, the rising utilization of nutritive feed binders during the production of animal feed can contribute positively to the growth of the market. Besides, the easy transportation of feed binders owing to its lower risk for physical breakdowns during handling and transportation is expected to further encourage manufacturers to invest heavily in production, which, in turn, can accelerate the market growth.
However, the high price of the binders is expected to hamper the price of the animal feed, which, in turn, can impede the development of the market.
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Regional Analysis:
Surging Aquaculture Industry to Stimulate Growth in North America
The market in North America is expected to account for the largest share in the global market owing to the increasing aquaculture industry. The flourishing aquaculture industry coupled with government support in the United States and Canada are factors expected to boost growth in the region. For instance, the Department of Commerce introduced an aquaculture policy to support the development of a sustainable aquaculture industry. Asia Pacific is expected to develop radically during the forecast period owing to the increasing production of poultry and ruminants. The growing concerns regarding animal health are expected to spur demand for good quality feed, which, in turn, can enable expansion of the market. The growing utilization of nutritive feed binders in the production of animal feed is expected to further boost growth in Asia Pacific. The increasing meat consumption and production in India, China, and Japan can further improve the prospects of the market in the forthcoming years.
Key Development:
February 2020: Cra-Vac, Toronto based company announced the launch of its new halal pellet binder. The company is actively focused on the production of feed ingredients and binders for use in feed and pellets.?
August 2019: Pestell Group signed an agreement to acquire Verus Animal?Nutrition and Pro-Ag products. Pro-Ag is a supplier of feed ingredients, animal health products, and feed additives.
Overall, feed binders play a critical role in animal nutrition and health, helping to ensure that animals receive the nutrients they need to thrive. By using high-quality feed binders, farmers can help to improve the productivity and profitability of their operations, while also promoting animal welfare and environmental sustainability.