Key participants in the global animal feed binder market are Archer Daniels Midland Company (U.S.), AVEBE U.A. (The Netherlands) Borregaard (Norway), CP Kelco (U.S.) Danisco (Denmark), and Ingredion Incorporated (U.S.)
(PRWEB) October 20, 2014
The report “Feed binder Market by Type [Natural (Wheat, Guar Meal & Starch, Lignin, Bentonite & Clay, Specialty Hydrocolloids & Gums, Others), Synthetic (Urea Formaldehyde, Polymethylocarbamide, Others)], by Livestock & Geography - Trends & Forecast up to 2018”, defines and segments the feed binder market with analysis and projection of the global revenue of the feed binder market. The market is segmented and revenue is projected on the basis of main regions such as North America, Europe, Asia-Pacific, and Rest of the World (ROW). The markets of key countries of each region are studied and projected. Further, the market is segmented and revenue is projected on the basis of types, livestock, and geography.
The market for feed binders, in terms of revenue, was estimated to be worth around $1,406.5 million in 2012 and is projected to reach $1,749.1 million by 2018, growing at the CAGR of 3.7% from 2013.
Browse 83 market data tables with 23 figures spread through 163 pages and in-depth TOC on "Feed binder Market - Trends & Forecast up to 2018".
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Feed binders form a very vital part of the feed industry. Various types of binders are used, which help in providing the required essential nutrients and minerals with the animal feed. The market of animal feed binders is fueled by the expansions of the organizations manufacturing them. The expansions of the organizations help the feed binder industry to expand its market, globally. Asia-Pacific and North America are the growing markets, and such growth helps in increasing the availability of animal feed binder in the global market
The Asia-Pacific market is growing at a significant rate. It is because of the increasing economy of the countries and the per capita consumption of meat, in the region .The North American animal feed binders market is quite a developed one and is projected to grow at a higher rate as compared to the European countries. Companies such as Danisco (Denmark)), CP Kelco (U.S.)and Borregaard Group (Norway) are strengthening their portfolio by expanding the business in the feed binders sector. They also use acquisitions as a strategy to further penetrate the market.
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