Feed binders can be explained as substances that are included in the animal feed to bind the feed particles as one entity and enhance its nutritive value. They also help in making the feed water-stable and easily consumable. They also help in making storage of feed more efficient and keep them from segregating into fines.
Factors that act as driving force for this market are the increase in the preferences among the feed producers for pelleted feeds and the rise in the global meat consumption. Rise in the cost of raw materials act as a hindrance for this industry.
