The feed mycotoxin binders and modifiers global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Feed Mycotoxin Binders And Modifiers Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The feed mycotoxin binders and modifiers market size has grown strongly in recent years. It will grow from $2.55 billion in 2023 to $2.71 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to increasing awareness, rising livestock production, stringent regulations.
The feed mycotoxin binders and modifiers market size is expected to see strong growth in the next few years. It will grow to $3.52 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to climate change impact, global expansion of livestock industry, focus on food safety, research and development. Major trends in the forecast period include technological advancements,increasing adoption of natural binders, integration of mycotoxin management programs, focus on multi-toxin binders, emergence of next-generation modifiers, strategic collaborations and partnerships.
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Scope Of Feed Mycotoxin Binders And Modifiers Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Feed Mycotoxin Binders And Modifiers Market Overview
Market Drivers –
The increased risks of mycotoxin contamination in livestock feed are significantly contributing to the expansion of the feed mycotoxin binders and modifiers market going forward. Mycotoxins are harmful secondary metabolites generated naturally by fungi that grow on various farm commodities. Mycotoxins at low concentration reduce the growth rate of young animals and impair immunologic response making the livestock more susceptible to infection. For instance, according to an analysis report from a US-based animal health company, Alltech, out of 1,200 samples of barley, corn, corn silage, wheat, grass silage, triticale, straw, alfalfa haylage, and whole crop silage from different countries, an average of 4.34 mycotoxins were detected, with 98.5% samples containing at least 1 mycotoxin and 86.1% samples containing 2 or more mycotoxins. Therefore, the increased risk of mycotoxin contamination in livestock feed is driving the mycotoxin binders and modifiers market.
The feed mycotoxin binders and modifiers market covered in this report is segmented –
1) By Type: Feed Mycotoxin Binders, Feed Mycotoxin Modifiers
2) By Source: Inorganic, Organic
3) By Livestock: Poultry, Swine, Ruminants, Aquatic Animals, Other Livestocks
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Regional Insights –
North America was the largest region in the feed mycotoxin binders and modifiers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the feed mycotoxin binders and modifiers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the feed mycotoxin binders and modifiers market report are Cargill Inc., BASF SE, The Archer-Daniels-Midland Company, Bayer AG, Perstorp AB, Novus International Inc., Biomin Pte Ltd., Impextraco NV, Nutreco NV, Kemin Industries Inc., Bluestar Adisseo Company, Global Nutritech, Alltech, Amlan International, Olmix Group, Selko B. V., Micron Bio Systems Ltd., SibbiopharM Ltd., Anfotal Nutritions Private Limited, FF Chemicals B. V., Visscher Holding B. V., Bentoli Inc., Bonaventure Animal Nutrition, Nutriad Ltd., Chr. Hansen A/S, NOREL S. A, Trouw Nutrition LLC, Anpario plc, NutriQuest, Pancosma SA
Table of Contents
- Executive Summary
- Feed Mycotoxin Binders And Modifiers Market Report Structure
- Feed Mycotoxin Binders And Modifiers Market Trends And Strategies
- Feed Mycotoxin Binders And Modifiers Market – Macro Economic Scenario
- Feed Mycotoxin Binders And Modifiers Market Size And Growth
…..
- Feed Mycotoxin Binders And Modifiers Market Competitor Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
- Appendix
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