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Feed Mycotoxin Binders And Modifiers Market Size, Share, Trends, Detailed Analysis, Forecast To 2033
Feed Mycotoxin Binders And Modifiers Market Size
As per the report, the feed mycotoxin binders and modifiers market size has grown strongly in recent years. It will grow from $2.55 billion in 2023 to $2.71 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The feed mycotoxin binders and modifiers market size is expected to see strong growth in the next few years. It will grow to $3.52 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%.
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Increased Risk Of Mycotoxin Contamination Driving Feed Mycotoxin Binders And Modifiers Market
The increased risks of mycotoxin contamination in livestock feed are significantly contributing to the expansion of the feed mycotoxin binders and modifiers market going forward. Mycotoxins are harmful secondary metabolites generated naturally by fungi that grow on various farm commodities. Mycotoxins at low concentration reduce the growth rate of young animals and impair immunologic response making the livestock more susceptible to infection. For instance, according to an analysis report from a US-based animal health company, Alltech, out of 1,200 samples of barley, corn, corn silage, wheat, grass silage, triticale, straw, alfalfa haylage, and whole crop silage from different countries, an average of 4.34 mycotoxins were detected, with 98.5% samples containing at least 1 mycotoxin and 86.1% samples containing 2 or more mycotoxins. Therefore, the increased risk of mycotoxin contamination in livestock feed is driving the mycotoxin binders and modifiers market.
Product Innovation Driving Feed Mycotoxin Binders And Modifiers Market
Product innovation is the key trend gaining popularity in the feed mycotoxin binders and modifiers market. Major companies operating in the feed mycotoxin binders and modifiers sector are focused on developing new technological and innovative solutions to strengthen their position in the market. For instance, in March 2021, Biomin, an Austria-based animal nutrition, and feed additive company launched Mycofix Plus 5.Z with ZENzyme, an innovative, all-in-one feed additive next-generation mycotoxin risk management solution for breeding animals and their offspring. ZENzyme is a purified enzyme that degrades mycotoxin zearalenone (ZEN) fast and irreversibly into non-estrogenic metabolites.
The feed mycotoxin binders and modifiers market covered in this report is segmented -
1) By Type: Feed Mycotoxin Binders, Feed Mycotoxin Modifiers
2) By Source: Inorganic , Organic
3) By Livestock: Poultry, Swine, Ruminants, Aquatic Animals, Other Livestocks
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Major companies operating in the feed mycotoxin binders and modifiers market report are Cargill Inc., BASF SE, The Archer-Daniels-Midland Company, Bayer AG, Perstorp AB, Novus International Inc., Biomin Pte Ltd., Impextraco NV, Nutreco NV, Kemin Industries Inc., Bluestar Adisseo Company, Global Nutritech, Alltech, Amlan International, Olmix Group, Selko B. V., Micron Bio Systems Ltd., SibbiopharM Ltd., Anfotal Nutritions Private Limited, FF Chemicals B. V., Visscher Holding B. V., Bentoli Inc., Bonaventure Animal Nutrition, Nutriad Ltd., Chr. Hansen A/S, NOREL S. A, Trouw Nutrition LLC, Anpario plc, NutriQuest, Pancosma SA
Contents of the report:
1. Executive Summary
2. Feed Mycotoxin Binders And Modifiers Market Report Structure
3. Feed Mycotoxin Binders And Modifiers Market Trends And Strategies
4. Feed Mycotoxin Binders And Modifiers Market - Macro Economic Scenario
5. Feed Mycotoxin Binders And Modifiers Market Size And Growth
…..
27. 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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