With USD 393.9 Mn, Feed Mycotoxin Binders Market Study Providing In-depth Analysis on Top Key Companies- AMR

According to a new report published by Allied Market Research, titled, "Feed Mycotoxin Binders Market," The Feed Mycotoxin Binders Market Size was valued at $144.60 million in 2021, and is estimated to reach $393.9 million by 2031, growing at a CAGR of 10.2% from 2022 to 2031.

Mycotoxins are toxic compounds occurred due to mold growth such as Aspergillus, Fusarium, and Penicillium in animal feed ingredients. The mold growth can occur at various stages of feed production process. Mycotoxin binders are substances that bind to mycotoxins to prevent its absorption through gut. Presence of mycotoxin in animal feed leads to negative impact on animal health, animal production, which can also affect the health of consumers. Also, if the livestock is exposed to mycotoxin contaminated feed, they are more prone to secondary infections.

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Top Key Players In Feed Mycotoxin Binders Market:

The players operating in the feed mycotoxin binders industry have adopted product launch and business expansion as their key developmental strategies to expand their Feed Mycotoxin Binders Market share, increase profitability, and remain competitive in the market. The key players profiled in this Feed Mycotoxin Binders Market Analysis 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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Key findings of the study

-> On the basis of livestock, the poultry segment dominated the global market in 2021 with a market share of more than 45%. However, the aquatic animal's segment is attributed to be the fastest-growing segment during the Feed Mycotoxin Binders Market Forecast period.
-> On the basis of source, the conventional segment dominated the global Feed Mycotoxin Binders Market in the year 2021 with a market share of more than 90%. However, the organic segment is likely to be the fastest-growing segment during the forecast period with a CAGR of 11.5%.
-> Based on form, the liquid segment dominated the global market with the Feed Mycotoxin Binders Market Share of more than 53% in the year 2021. The same segment is likely to be the fastest-growing segment during the forecast period with a CAGR of 10.8%.
-> Region-wise, Asia-Pacific was the highest revenue contributor and is estimated to reach $ 149.3 million by 2031. Whereas, the same region is likely to be the fastest-growing region during the forecast period.

Regional Outlook:

The global feed mycotoxin binders market is segmented into livestock, source, form, and region. On the basis of livestock, the Feed Mycotoxin Binders Market is categorized into swine, ruminants, poultry, aquatic animals, and others. By source, it is fragmented into conventional and organic. Depending on form, it is segregated into dry, liquid, and others. Region-wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Singapore, New Zealand, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Saudi Arabia, South Africa, UAE, and rest of LAMEA).

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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