Feed Mycotoxin Binders Market Business Growth Statistics and Key Players BASF SE, Kemin, Bayer, Alltech, Novus International
Bentonite mycotoxin binders market is poised to surpass USD 120 million by the end of 2024 due to its improved pellet quality, feed efficiency, flowability, and production rate. Properties such as irreversibility, high adsorption capacity, specificity and safety provided upon consumption of these products should promulgate feed mycotoxin binders market demand.
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Zeolite mycotoxin binders market may witness strong gains at over 6.5% during forecast timeframe owing to non-toxicity, organic characteristics, and its natural occurrence along with ability to decrease odors from spoiled grains in enclosed animal facilities. Also, reduces chances of livestock suffering from acidosis, scours, enteritis, and diarrhea.
The Feed Mycotoxin Binders Market may surpass USD 260 Million by the end of 2024; according to a new research report.
Increasing meat products consumption with consumer preferences towards healthy and safe food should drive feed mycotoxin binders market. Increasing incidences of diseases in livestock including bird and swine flu caused by contaminated ingredients and unfavorable living environment should boost industry growth.
Feed mycotoxin binders market from poultry applications may witness significant gains at over 8.5% over the forecast timeline owing to increasing meat consumption rates and drive for healthy and safe feed. Increasing bird flu disease in poultry industry caused by toxic food substances may influence industry growth.
Feed mycotoxin binders market from swine applications may exceed USD 85 million by 2024. Impurity in swine generally affects liver, kidneys, gut and immunity in animals, which results reduction of overall performance, and mitigate metabolism & reproduction. Growing meat consumption demand owing to protein intake may create opportunities for industry growth.
Asia Pacific led by India, Japan, South Korea, and China feed mycotoxin binders market is poised to surpass USD 45 million by 2024. Strong R&D spending, change in farming techniques and practices and increasing food security should drive regional industry growth. Rapid urbanization and industrialization along with change in consumer food habits towards quality meat products will stimulate industry growth in the region.
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Europe driven by UK, France, and Germany feed mycotoxin binders market may witness significant gains at over 7% up to 2024. Increasing meat & poultry demands from booming food & beverage sector including processed foods, fast food joints and restaurants should drive the regional growth.
Global feed mycotoxin binders market share is moderately concentrated with prominent players including BASF SE, Kemin, Bayer, Alltech, Novus International, Anfotel Nutrition, Virbac Group, Selko, and Bentoli.
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