Feed binders are substances that are included in the animal feed to bind the feed particles as one entity and enhance its nutritive value. They also help in making the feed water-stable and easily consumable. They also help in making storage of feed more efficient and keep them from segregating into fines.
Factors that act as a driving force for this market are the increase in the preferences among the feed producers for pelleted feeds and the rise in global meat consumption. Rise in the cost of raw materials act as a hindrance for this industry.
To capitalize on the growth trend in this market, several leading companies are quickly taking to the development and manufacture of feed binders. The growing demand for feed binders is forcing the global players to add feed binders to their product offerings. The leading players of this industry have also been profiled with their recent developments and other strategic industry activities. These include Archer Daniels Midland Company (U.S.), AVEBE (The Netherlands), Borregaard Group (Norway), CP Kelco (U.S.), Danisco (Denmark) and Ingredion (U.S.) among others.