Insights into Poultry Feed Mycotoxin Binders And Modifiers Market: Global Trends and Analysis

The poultry feed mycotoxin binders and modifiers market size has grown steadily in recent years. It will grow from $3.03 billion in 2023 to $3.16 billion in 2024 at a compound annual growth rate (CAGR) of 4.2%. The growth in the historic period can be attributed to proliferation of cloud-native applications, cost efficiency, scalability, globalization of business, agility and flexibility, security improvements..

The poultry feed mycotoxin binders and modifiers market size is expected to see steady growth in the next few years. It will grow to $3.7 billion in 2028 at a compound annual growth rate (CAGR) of 4.0%. The growth in the forecast period can be attributed to regulatory compliance solutions, quantum computing developments, cybersecurity enhancements, serverless computing growth, environmental sustainability initiatives.. Major trends in the forecast period include multi-cloud strategies, hybrid cloud solutions, serverless computing and containerization, edge-to-cloud connectivity solutions, cost optimization strategies..

Market Overview -
Poultry feed mycotoxin binders and modifiers refer to feed additives that are usually added to poultry feed in small quantities for trapping mycotoxins. They help to adsorb mycotoxins in the gastrointestinal tract of animals. These are used for protecting the animals from harmful mycotoxins that can harm the health of animals.

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Surge In Meat Consumption Fuelling Growth In Poultry Feed Mycotoxin Binders Market
Rising meat consumption is expected to propel the growth of the poultry feed mycotoxin binders and modifiers market going forward. Meat refers to the flesh or edible parts of an animal. Poultry feed mycotoxin binders and modifiers help in mitigating the effects of toxic substances that can be absorbed by poultry, making it safer to consume. For instance, the Australian Bureau of Agricultural and Resource Economics, an Australia-based federal research branch of the government, published an article in 2021 that stated that global meat consumption has increased by 58% over the years and has reached 360 million metric tons. For another instance, according to the United States Department of Agriculture, a US-based federal agency, consumers on average ate about 227 pounds of meat in 2022, which has risen from 224.9 pounds in 2021. Therefore, rising meat consumption will drive the poultry feed mycotoxin binders and modifiers market.

Competitive Landscape -
Major companies operating in the poultry feed mycotoxin binders and modifiers market report are Cargill Incorporated, Phibro Animal Health, Perstorp Holding AB, Archer-Daniels-Midland Company, BASF SE, Bayer AG, Amlan International, Impextraco, Olmix Group, Micron Bio-Systems Ltd., Novus International Inc., Trouw Nutrition USA LLC, Brenntag SE, Norel Animal Nutrition, Adisseo France SAS, Global Nutritech Co. Ltd., Chr. Hansen Holding A/S, Nutreco N.V., BIOMIN Holding GmbH, Kemin Industries Inc., Alltech Inc., Anpario plc, Avitech Nutrition Pvt. Ltd., Biofeed Solutions Inc., Evonik Industries AG, Biovet JSC, DuPont Danisco Animal Nutrition, Diamond V, Dr. Eckel Animal Nutrition GmbH & Co. KG, Elanco Animal Health Incorporated

Innovations Transforming The Poultry Feed Mycotoxin Solutions Market
Technological innovations are the key trends in the poultry feed mycotoxin binders and modifiers market. Major companies in the poultry feed mycotoxin binders and modifiers market have launched new and innovative technologies to strengthen their position in the market. For instance, in March 2021, Biomin, an Austria-based animal health and nutrition company, launched a new and innovative feed additive for mycotoxin risk management, ZENzyme. The new product uses innovative enzymatic biotransformation technology to specifically target a mycotoxin, detoxify the fungal metabolite, and protect the animals.

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Key Segments -

The poultry feed mycotoxin binders and modifiers market covered in this report is segmented -

1) By Product Type: Mycotoxin Binders, Mycotoxin Modifiers
2) By Source: Organic, Inorganic
3) By Form: Liquid, Dry

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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