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Poultry Feed Mycotoxin Binders And Modifiers Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033
Poultry Feed Mycotoxin Binders And Modifiers Market
As per the report, 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 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%.
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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.
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.
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
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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
Contents of the report:
1. Executive Summary
2. Poultry Feed Mycotoxin Binders And Modifiers Market Report Structure
3. Poultry Feed Mycotoxin Binders And Modifiers Market Trends And Strategies
4. Poultry Feed Mycotoxin Binders And Modifiers Market - Macro Economic Scenario
5. Poultry Feed Mycotoxin Binders And Modifiers Market Size And Growth
…..
27. Poultry Feed Mycotoxin Binders And Modifiers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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