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Poultry Feed Mycotoxin Binders And Modifiers Industry Outlook 2025-2029: Market Set to Cross $3.86 Billion Milestone
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.How Large Will the Poultry Feed Mycotoxin Binders And Modifiers Market Size By 2025?
The market size of poultry feed mycotoxin binders and modifiers has been experiencing consistent growth in the past few years. The projection shows it expanding from $3.13 billion in 2024 to $3.23 billion in 2025, indicating a CAGR of 3.1%. The past growth can be linked to a surge in cloud-native applications, financial efficiency, scalability, the widespread nature of business, agility, flexibility, and better security measures.
How Big Is the Poultry Feed Mycotoxin Binders And Modifiers Market Size Expected to Grow by 2029?
The mycotoxin binders and modifiers market within the poultry feed sector is predicted to enjoy consistent expansion over the next several years. The market is set to reach $3.86 billion by 2029, with a compound annual growth rate (CAGR) of 4.5%. Factors contributing to this growth throughout the forecasted period include the implementation of regulatory compliance solutions, advancements in quantum computing, enhancements in cybersecurity, the expansion of serverless computing, and initiatives promoting environmental sustainability. Noteworthy trends during this period will include the adoption of multi-cloud strategies, hybrid cloud solutions, serverless computing and containerization, solutions for edge-to-cloud connectivity, and strategies geared towards cost optimization.
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Which Key Market Drivers Powering Poultry Feed Mycotoxin Binders And Modifiers Market Expansion and Growth?
The increasing intake of meat is projected to drive the expansion of the poultry feed mycotoxin binders and modifiers market in the future. The term "meat" refers to edible animal flesh or sections. Poultry feed mycotoxin binders and modifiers act to lessen the impact of harmful substances that poultry can absorb, making the meat safer for consumption. For example, projections by the Italy-based Food and Agriculture Organization (FAO), a specialized agency of the United Nations, suggest that by 2032, the consumption of poultry meat could hit 91 million tons, representing a predicted growth of 15% over the next decade. Thus, the escalating consumption of meat is expected to fuel the growth of the poultry feed mycotoxin binders and modifiers market.
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Which Fast-Growing Trends Are Poised to Disrupt the Poultry Feed Mycotoxin Binders And Modifiers Market?
Technological innovation is advancing the poultry feed mycotoxin binders and modifiers market. In August 2024, Netherlands-based DSM-Firmenich Animal Nutrition and Health announced CFIA approval for fumonisin esterase, an enzyme that supports toxin management in animal diets. The product, Mycofix®FUMzyme, is now available for use in swine and poultry feeds in Canada.
What Are the Emerging Segments in the Poultry Feed Mycotoxin Binders And Modifiers Market?
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
Subsegments:
1) By Mycotoxin Binders: Clay-Based Binders, Silicate-Based Binders, Activated Charcoal Binders, Other Natural Binders
2) By Mycotoxin Modifiers: Enzyme-Based Modifiers, Chemical Modifiers, Biological Modifiers, Other Modifiers
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Who Are the Global Leaders in the Poultry Feed Mycotoxin Binders And Modifiers Market?
Major companies operating in the poultry feed mycotoxin binders and modifiers market include 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
Which are the Top Profitable Regional Markets for the Poultry Feed Mycotoxin Binders And Modifiers Industry?
North America was the largest region in the poultry feed mycotoxin binders and modifiers market in 2024. The regions covered in the poultry feed mycotoxin binders and modifiers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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