The latest Global Feed Binders Market Report from Research and Markets, estimates growth at a CAGR of 3.6% over the next six years.
Unlike feed for livestock, feed for aquaculture requires an adequate level of processing to guarantee good stability in water, long enough for animals to consume it. For this reason the role of a binder is crucial in determining variable levels of firmness adequate to specific feeding behaviour.
The report shows that depletion in the volume of captured fish is expected to be one of the major factors driving global aquaculture production over the next few years, along with increasing consumer awareness about the health benefits associated with consumption of fish and fish products. The growth in the aquaculture industry is a major driving factor of the feed binders market, but the techniques involved in binding feed to make pellets increase the cost of processing, thereby restraining growth. Leading companies are looking for innovations in the field by venturing into R&D for better production and management techniques.
Asia Pacific is the biggest and fastest growing market at a CAGR of 4.0%, with China being the forerunner.
The report includes key findings, a market overview, market segmentation, a competitive landscape overview and company profiles.
Full details here.