Global Feed Binders Market to Reach $6.6 Billion by 2030
The global market for Feed Binders estimated at US$5 Billion in the year 2023, is expected to reach US$6.6 Billion by 2030, growing at a CAGR of 4% over the period 2023-2030. Natural Feed Binders, one of the segments analyzed in the report, is expected to record 4.4% CAGR and reach US$3.8 Billion by the end of the analysis period. Growth in the Synthetic Feed Binders segment is estimated at 3.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.3 Billion, While China is Forecast to Grow at 6.1% CAGR
The Feed Binders market in the U.S. is estimated at US$1.3 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2030 trailing a CAGR of 6.1% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 3.5% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR.
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