Feed Mycotoxin Binders Market Showing Impressive Growth during Forecast Period 2021 - 2031

The global Feed Mycotoxin Binders Market Size was valued at $144.6 million in 2021 and is projected to reach $393.9 million by 2031, growing at a CAGR of 10.2% from 2022 to 2031. Feed mycotoxin binders are an ingredient that is used in animal feed to trap mycotoxins, preventing them to enter the bloodstream. Mycotoxin can cause serious damage to animals. These binders tightly bind and immobilize the mycotoxins in the gastrointestinal (GI) tract of livestock, thus minimizing their bioavailability.

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Key Drivers:

The feed mycotoxin binders market is segmented into Livestock, Source and Form. Animals that have consumed mycotoxin through feed show various miserable symptoms such as depression, morbidity, and lower feed intake. Apart from that if the animals are continuously exposed to mycotoxins it can even lead to death. High consumption of dairy, meat and seafood products has triggered the demand for animal feed additives across the globe. Animal growers are highly investing in industrial agriculture resulting in increased demand for animal feed additives. Increasing focus on proper animal nutrition to raise healthy animals is propelling the demand for feed

Leading Key Players:

The key players operating in the global Feed Mycotoxin Binders Market include Alltech, Inc., BASF SE, Bentoli, Inc., BERTOL COMPANY s.r.o, Cargill, Incorporated, Clariant Ltd, Koninklijke DSM N.V., EW Nutrition GmbH, GLOBAL NUTRITECH, Impextraco N.V., Norel, S.A, SVH Holding N.V., Olmix S.A., Perstorp Holding AB, Simfa Labs Pvt. Ltd., Virbac S.A., and Kemin Industries, Inc.

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Region wise, Asia-Pacific was the highest revenue contributor and is estimated to reach $ 149.3 million by 2031, with the highest CAGR of 11.0%. North America is likely to grow at a moderate pace during the estimated period. The presence of major manufacturers such as Kemin Industries, Inc., Alltech, Inc., Novus International, Inc., Bentoli, Inc., among others will flourish the regional demand during the projected period. Moreover, the high demand for dairy and meat products along with the strict food safety regulations are some of the factors that will affect the growth of the Feed Mycotoxin Binders Market.

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