The Growing Meat Industry is One of the Factors Actively Expanding the Feed Adhesive Market

The increase in the demand for feed binders is due to the increase in consumption of livestock products in 2019. In addition, awareness of the health benefits of feed binders continues to increase, which is expected to drive market growth during the forecast period. They reduce the dusty nature of finely divided feed ingredients, therefore, reduce feed waste and increase nutritional value. Increasing attention to animal health to prevent disease has been one of the main drivers of this market.

The report considers the value chain of the market and provides an analysis of the market application. In order to strategically analyze the growth of this market, this report is titled "Global Feed Adhesives-Market and Technology Forecast in 2020", which is segmented according to applications and regions. Depending on the application, the market segment includes moisture, pellets, debris and others. The application is subdivided according to clay, gelatin, collagen, vegetable gum and starch, molasses, Lingo sulfonate and other types. The livestock breakdown by region also includes poultry, pigs, aquaculture, ruminants and others. Regional markets include North America, European Union, Asia Pacific, Middle East and other regions of the world.

The global market revenue of the feed adhesive market is estimated to reach USD 5 billion in 2020 and is expected to grow to USD 8 billion by 2028. The market is expected to grow at a compound annual growth rate of 7% during the forecast period. The feed adhesive market is divided by application and region. According to type, lignin sulfonate, hemicellulose, CMC and other hydrocolloid market segments are the fastest growing market segments during the forecast period. This is due to their bonding, dispersing, and emulsifying properties used in the production of raw materials, which factors are particularly used to provide particle integrity.

Based on livestock, the poultry market is expected to dominate due to increased consumption of poultry-based products. Despite the emergence of the coronavirus, this part of the production has not stopped, but is expected to stimulate demand for effective and safe food production. Globally, the consumption demand for poultry products in the Asia-Pacific region and Latin America is expected to increase.

It is expected that the Asia-Pacific region will occupy the global market with a global market share of 33.33%. Due to increased demand and resources and labor, China will become a major market contributor. Due to the continuous development of the meat industry, North America and Europe are closely following market trends. Although, due to the emergence of the coronavirus, the regional production of meat has undergone drastic changes, so the feed binder has also changed. Therefore, it is expected to cause an increase in demand for safe and effective food production technologies, and it is not expected that the production of meat or food adhesives will stop. The increasing demand for low-cost food supplies in open economies like Asia Pacific and North America is expected to drive market growth.

Scope:
The study period of the report titled, "Global feed binders - Market and Technology Forecast to 2020" ranges from 2018-2028, and the forecast period is from 2020-2028. This market is segmented based on livestock, and region.

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