The feed mycotoxin binders and modifiers market is estimated to account for a value of USD 2.4 billion in 2020 and is projected to grow at a CAGR of 3.0% from 2020, to reach a value of USD 2.8 billion by 2025. Increasing need of green adjuvants, improving efficiency and effectiveness of agrochemicals are some of the factors driving the growth of the feed mycotoxin binders and modifiers market.
Feed mycotoxin binders and modifiers market dynamics
Driver: Rise in incidences of mycotoxin occurrence in crops
There are over 500 identified mycotoxin strains in the world, including aflatoxins (B1, B2, G1, G2, and M1), ochratoxin A, deoxynivalenol, and fumonisins that are the major mycotoxins found in livestock feed. The incidences of disease outbreaks, owing to them are on the rise. All the regions in the world, developed or developing, are susceptible to the harmful impact of these mycotoxins. According to the FAO study, about 25% of the crops produced across the globe contain mycotoxins. Thus, to improve the health and wealth of livestock and to produce maximum livestock performance, mycotoxin binders & modifiers are expected to be used by the livestock growers.
Opportunity: Strong growth opportunities in poultry and aquafeed sectors in emerging markets of Asia Pacific and South America even through the minor set-backs of Covid- 19.
The growth in demand for feed mycotoxin binders & modifiers offers an opportunity for market development, especially in developing countries such as China, India, Brazil, and Argentina. Poultry and aquaculture rearing in feedlots can be considered as the significant growth sector for usage of the feed mycotoxin binders & modifiers market in South America and the Asia Pacific region, owing to their large-scale farming. The growth opportunities for the usage of feed mycotoxin binders & modifiers are furthered by factors such as a significant focus on feed safety and livestock health in order to meet the rising meat consumption and strengthened feed demand. Increased importance laid on the quality of feed products in these emerging markets is another factor offering significant opportunity for growth. Furthermore, constant disease outbreaks among livestock can also influence the usage and market development opportunity for feed mycotoxin binders & modifiers, as regulatory bodies globally focus on adopting control measures on feeding practices to address feed and consequently food safety
Schedule a call with our Analysts to discuss your business needs:
https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=149205573
By source, the inorganic segment is projected to dominate the feed mycotoxin binders and modifiers market during the forecast period.
The inorganic segment dominated the feed mycotoxin binders & modifiers market. Feed mycotoxin binders are mostly obtained from inorganic sources such as silicates of aluminum, sodium, potassium, and calcium. The effectiveness of inorganic mycotoxin binders depends on the chemical structure and binding properties of mycotoxin binders such as polarity and solubility. Clay products including bentonite, zeolite, montmorillonites, and HSCAS (hydrated sodium calcium aluminosilicate), activated charcoal, and synthetic polymers such as polyvinylpyrrolidone and cholestyramine are used in the feed industry to bind aflatoxins.
By form, the dry form segment is projected to dominate the feed mycotoxin binders and modifiers market during the forecast period.
Feed mycotoxin binders & modifiers are most widely used in the dry form. Mycotoxin binders and modifiers are used in the dry form, as they mix readily with the feed ingredients and are easy to store. Moreover, in the dry form, dosage can be more accurately measured by livestock growers in comparison with the liquid form. Such factors are driving the market for the dry form of feed mycotoxin binders & modifiers.
The increasing adoption of mycotoxin binders and modifiers in the North American region is driving the growth of the feed mycotoxin binders and modifiers market.
The global feed mycotoxin binders & modifiers market was dominated by the North American region. The large market size of the region is attributed to the high adoption of mycotoxin binders & modifiers. This is mainly due to the increase in demand for safe and high-quality livestock-based products, food safety awareness, stringent quality regulations, and aim to reduce, prevent and eliminate the growth and presence of mycotoxin contaminant in the food chain. In the North American region, corn, wheat, and barley are the major crops used in feed production. These crops are highly susceptible to fungal growth and mycotoxin contamination. Adverse climatic conditions such as prolonged drought and flood result in increased incidences of mycotoxin contamination in crops. This also increases the contamination risk in feed, which is projected to result in economic losses. Such factors have led to an increase in demand for feed mycotoxin binders & modifiers in the region.
To know more get PDF Copy:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=149205573
Major players profiled
This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the feed mycotoxin binders and modifiers market. It includes the profiles of leading companies such as this market include Cargill (US), BASF (Germany), ADM (US), Bayer (Germany), Perstorp (Sweden), Novus International (US), BIOMIN (Austria), Impextraco (Belgium), Norel Animal Nutrition (Spain), Chr. Hansen (Denmark), Nutreco (Netherlands), Kemin (US), Adisseo (France), Global Nutritech (Turkey), Alltech (US), Amlan international (US), Olmix Group (France), Selko B.V (Ntetherlands), Micron Bio Systems (US), Sibbiopharm (Russia), Anfotal Nutritions (India), FF Chemicals (Netherlands), Visscher Holland (Dutch), Bentoli Inc. (US), and Bonaventure Animal Nutrition (US).
This report gives significant comprehension of the Global Feed Mycotoxin Binders and Modifiers Market which covers all principal perspectives for the period 2020-2027.
The report considers profundity framework of the market to scaled down scale nuances of the business.
Market show, designs, key market drivers and imperatives, SWOT investigation, market interest examination are completely introduced in this report.
The report is a flat out need inferred for a financial specialist, business strategies, investigators and specialists.Global Feed Mycotoxin Binders and Modifiers Market strongly dominates the worldwide economy with a significant development rate in the coming years.
Instantly creating industry framework, expanded item commercialization, and floating requests.
These are fortifying the business’ tractions to turn out to be more powerful and altogether buy in to worldwide income generation.Request a Sample of Feed Mycotoxin Binders and Modifiers Market form: https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-feed-mycotoxin-binders-and-modifiers-marketThe various segments of Feed Mycotoxin Binders and Modifiers Market by Leading Players are Alltech, Inc., Archer Daniels Midland Company, BASF SE, BIOMIN Holding GmbH, Cargill, Incorporated, Kemin Industries, Inc., Novus International, Nutreco NV, Nutriad, Perstorp Holding AB.By Product Type: Mycotoxin Binders Mycotoxin ModifiersLivestock: Poultry, Layers, Breeders, Swine, Aquatic Animals, OthersSource: Inorganic, OrganicForm Dry, LiquidAlso, the report enjoys different benefits due to deep analysis huge highlights in significant developing markets.
