Poultry Feed Mycotoxin Binders and Modifiers Market CAGR of 3.70% in the forecast period of 2023 to 2029., Size, Share, Trends, Key Drivers, Demand, Opportunity Analysis and Competitive Outlook

Mycotoxin is an organic or synthetic substance that is added to animal feed in small amounts to kill mycotoxins, thereby preventing and stopping them from entering livestock bloodstreams. This binder material, which includes silicates, clay, yeast, and charcoal, is commonly known as a mycotoxin binders used in livestock. Mycotoxin improves the animal's biological processes and environment while decreasing the animal's reliance on antibiotics.

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Market Overview:
This Poultry Feed Mycotoxin Binders and Modifiers market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Poultry Feed Mycotoxin Binders and Modifiers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Some of the major players operating in the poultry feed mycotoxin binders and modifiers market are:
Cargill, Incorporated (U.S.)
Phibro Animal Health Corporation (U.S.)
Perstorp Holding AB (Sweden)
ADM (U.S.)
BASF SE (Germany
Bayer AG (Germany)
Amlan International (U.S.)
Impextraco NV (Belgium)
Norel SA (Switzerland)
Olmix Group (France)

Global Poultry Feed Mycotoxin Binders and Modifiers Market Dynamics
Drivers
Rising risk of mycotoxin contamination
Poultry feed mycotoxin binders and modifiers market is expected to grow during the forecast period due to factors such as increased risk of mycotoxin contamination in livestock feed and rising incidences of mycotoxin occurrences in crops.

Rising expansion of animal meat market

The expansion of the animal meat market is driving growth in the global poultry feed mycotoxin binders and modifiers market. According to OECD-FAO statistics, consumption of poultry meat, has been steadily increasing. In 2021, poultry meat consumption reached a record high of 120,884.63 thousand metric tonnes, up from 116,845.36 thousand metric tonnes in 2016. Increased global meat consumption and livestock health concerns have caused the market to consume more mycotoxin detoxifiers. Companies all over the world are heavily invested in the development of binders and bio-transformers that aid in the conversion of toxins into less toxic products.

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