South America Feed Binders Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.60 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Feed Binders Market Analysis
The South America feed binders market is projected to grow at a CAGR of 3.6% during the forecast period (2020 - 2025). The rise in awareness about the feed and increase in the consumption of quality meat are the factors driving the market in the region. Increased global meat consumption and rise in health concerns in livestock have made the market to consume a higher quantity of feed binders. Brazil Dominates the market owing to higher feed production driven by significant meat production and consumption in the country. According to Alltech global feed survey, Brazil and Argentina are the major producers of feed in the year 2019. Some of the leading players in the studies market are Archer Daniel Midland, Borregaard, Beneo, Avebe, and Promois International.
South America Feed Binders Market Trends
This section covers the major market trends shaping the South America Feed Binders Market according to our research experts:
Expansion in Animal Meat Market
According to the Organisation for Economic Co-operation and Development (OECD), poultry meat is the highest consumed in the country, in 2019 the per capita poultry meat consumption 40.3 Kg as compared to 40 Kg in 2016. Rising meat consumption led to a shift towards commercial livestock production in the country. Due to the increase in the consumption of meat and other animal products in the region, there is an increase in the demand for the quality feed that is fed to animals so as to produce quality meat and to increase productivity. This will thus be driving the feed binders market during the forecast period. According to the Food and Agricultural Organization (FAO), in 2016, South America produced 42.52 million tons of meat that has increased to 46.11 million tons in 2018. Thus the rising production will indirectly create demand for feed binders market in the region.
Brazil Dominating the Market
Brazil is the largest country in South America with a population of 0.2 trillion in 2018. The country is the largest exporter of meat in the region. As per the International Trade Statistics (ITC), Brazil exports 88,169 USD thousand of meat to Argentina in the year 2019. Chile, Uruguay, and Paraguay are largely depending on Brazil for meat. According to the Food and Agriculture Organization, in 2018 the poultry bird population in the country was 1383.4 million as compared to 1505.6 million in 2016. Thus, the mass production of livestock is resulting in higher feed production, and to reduce feed disintegration, the inclusion of binders has become most necessary. According to the Alltech global feed survey, Brazil produces 70 million tons of feed production in the year 2019 of which 32.10 million tons is for broilers, 17 million tons is for pigs, and the rest of it is for cattle's, layer and pets.
South America Feed Binders Industry Overview
The South America feed binders market is highly consolidated and there are a limited number of players contributing to this sector. These players are Archer Daniel Midland, Borregaard, Beneo, Avebe, and Promois International. These players are known to be focusing on R&D, broaden product portfolio, wide geographical presence, and aggressive acquisition strategy.
South America Feed Binders Market Leaders
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Bentoli, Inc.
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Biomin Holding GmbH
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Borregaard AS
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Avebe
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PROMOIS INTERNATIONAL
*Disclaimer: Major Players sorted in no particular order
South America Feed Binders Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions & Market definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
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4.4 Porter's Five Force Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Type
- 5.1.1 Natural
- 5.1.2 Synthetic
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5.2 Animal Type
- 5.2.1 Ruminants
- 5.2.2 Poultry
- 5.2.3 Swine
- 5.2.4 Aquaculture
- 5.2.5 Other Animal Types
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5.3 Geography
- 5.3.1 Brazil
- 5.3.2 Argentina
- 5.3.3 Rest of south America
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Competitor Strategies
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 Ab Enzymes Gmbh
- 6.3.2 BASF SE
- 6.3.3 PROMOIS INTERNATIONAL
- 6.3.4 Avebe
- 6.3.5 Borregaard AS
- 6.3.6 Advanced Enzyme Technologies
- 6.3.7 Novozymes
- 6.3.8 Biomin Holding GmbH
- 6.3.9 Bentoli, Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19
South America Feed Binders Industry Segmentation
Animal feed binders are used for durability and resistance to physical breakdown during handling and storage of feeds. Some binders also have additional nutritional value. 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 binder is crucial in determining variable levels of firmness adequate to specific feeding behavior.
| Type | Natural |
| Synthetic | |
| Animal Type | Ruminants |
| Poultry | |
| Swine | |
| Aquaculture | |
| Other Animal Types | |
| Geography | Brazil |
| Argentina | |
| Rest of south America |
South America Feed Binders Market Research FAQs
What is the current South America Feed Binders Market size?
The South America Feed Binders Market is projected to register a CAGR of 3.60% during the forecast period (2024-2029)
Who are the key players in South America Feed Binders Market?
Bentoli, Inc., Biomin Holding GmbH, Borregaard AS, Avebe and PROMOIS INTERNATIONAL are the major companies operating in the South America Feed Binders Market.
What years does this South America Feed Binders Market cover?
The report covers the South America Feed Binders Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Feed Binders Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South America Feed Binders Industry Report
Statistics for the 2024 South America Feed Binders market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Feed Binders analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
