Feed Binders Market Will Grow at a Strong Rate Through 2023

Transparency Market Research

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Feed Binders Market - Global Industry

Analysis, Size, Share, Growth, Trends

and Forecast 2015 - 2023

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REPORT DESCRIPTION

Feed binders serve the dual purpose of enhancing the nutritional value of animal feed as well as holding animal feed pellets

firmly together so they don’t disintegrate easily before being consumed by animals. In many instances, feed binders also proffer

the advantage of preventing animal feed from decomposing. With an increase in the demand for animal feed across the world to

cater to the mounting consumption of meat and dairy products, the use of animal feed binders is expected to rise substantially.

According to a Transparency Market Research report, titled ‘Feed Binders Market - Global Industry Analysis, Size, Share, Growth,

Trends and Forecast 2015 – 2023,’ the growing consumption of meat will be the greatest growth driver for the global feed

binders market.

Another factor that’s also driving the demand for feed binders is that livestock farmers have begun showing a preference for

pelletized animal feed as it’s easy to handle during transportation and storage. The wave of organized farming that’s now

sweeping across developing economies will also be responsible for the growth of the feed binders market. Not just that, feed

binders enriched with nutrition help safeguard the health of livestock and endow them with better immunity against diseases

and infections.

However, on the other side of this growth story lie a few concerns. Raw materials that go into...