Market Size of South America Feed Binders Industry
| 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 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 Size Summary
The South America feed binders market is experiencing growth driven by increased awareness of feed quality and rising consumption of quality meat. The demand for feed binders is fueled by the need to enhance livestock health and productivity, aligning with the global trend of rising meat consumption. Brazil stands out as a dominant player in this market due to its substantial meat production and consumption, which necessitates higher feed production and the use of binders to maintain feed integrity. The region's shift towards commercial livestock production further amplifies the demand for quality feed, thereby supporting the growth of the feed binders market. Key players in this market include Archer Daniel Midland, Borregaard, Beneo, Avebe, and Promois International, who are actively engaged in research and development, expanding their product offerings, and pursuing strategic acquisitions to strengthen their market position.
The market landscape in South America is characterized by a high level of consolidation, with a few major companies leading the sector. Brazil's role as the largest meat exporter in the region underscores its significance in the feed binders market, as the country's livestock mass production drives the need for increased feed production. The inclusion of binders is crucial to prevent feed disintegration, supporting the efficiency of feed utilization in livestock. The market's growth is further supported by the interdependence of neighboring countries like Chile, Uruguay, and Paraguay on Brazilian meat exports. As the region continues to expand its meat production capabilities, the demand for feed binders is expected to rise, reinforcing the market's growth trajectory during the forecast period.
South America Feed Binders Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Force Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Natural
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2.1.2 Synthetic
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2.2 Animal Type
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2.2.1 Ruminants
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2.2.2 Poultry
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2.2.3 Swine
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2.2.4 Aquaculture
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2.2.5 Other Animal Types
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2.3 Geography
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2.3.1 Brazil
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2.3.2 Argentina
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2.3.3 Rest of south America
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South America Feed Binders Market Size 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.
