The
report
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By
type, the lignosulfonates segment is estimated to account for a larger market
share, in terms of value, in 2020
The
lignosulfonates segment is projected to hold a larger market share as it acts
as a binding and lubricating agent in the production of pelleted feeds.
Lignosulfonates are the most commonly used feed binder as they are highly
cost-effective and are utilized across various types of feed. The relatively
low toxicity of lignosulfonates makes them a preferred binder among feed
manufacturers. They are used to improve the feed properties of pellets. They
also have the properties of emulsification and dispersing due to which they have
been gaining popularity in the production of compound feed.
42 - Figures
294 - Pages
The
poultry segment, on the basis of livestock, is estimated to hold the largest
share in the feed binders market, in terms of value, in 2020
The
poultry segment is projected to hold the largest market share in the feed
binders market in 2020. Increasing infrastructure, rising poultry meat
consumption, and the need to improve the pellet quality has increased the
demand for feed binders in the poultry sector. The utilization of
lignosulphonates and clay as feed binders has also contributed to the growth of
the market. The poultry sector is witnessing a shift toward compound feed
products due to the development of organized farm sectors.
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Asia
Pacific is projected to grow at the highest CAGR during the forecast period
The
Asia Pacific region serves as a growing platform for the feed industry due to
its rise in population, increase in per capita income, and urbanization. The
ruminants and poultry feed production in Asia Pacific is growing at a higher
rate since the past five years. With the increasing pork consumption in the
Southeast Asian region, feed manufacturers are eventually witnessing high
demand for feed binders in swine and poultry feed.
This
report includes a study on the marketing and development strategies, along with
a survey of the product portfolios of the leading companies operating in the
feed binders market. It includes the profiles of leading companies, such as
Archer Daniels Midland Company (US), DuPont (US), Darling Ingredients Inc.
(US), Roquette Freres (France), Borregaard ASA (Norway), Gelita AG (Germany),
CP Kelco Inc. (US), and Avebe U.A. (Netherlands).
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