The Feed Mycotoxin Binders And Modifiers by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Feed Mycotoxin Binders And Modifiers, 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 growth in the historic period can be attributed to increasing awareness, rising livestock production, stringent regulations.
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%. The growth in the forecast period can be attributed to climate change impact, global expansion of livestock industry, focus on food safety, research and development. Major trends in the forecast period include technological advancements,increasing adoption of natural binders, integration of mycotoxin management programs, focus on multi-toxin binders, emergence of next-generation modifiers, strategic collaborations and partnerships.
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.
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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
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 report table of contents includes:
1. Executive Summary
2. Feed Mycotoxin Binders And Modifiers Market Characteristics
3. Feed Mycotoxin Binders And Modifiers Market Trends And Strategies
4. Feed Mycotoxin Binders And Modifiers Market – Macro Economic Scenario
5. Global Feed Mycotoxin Binders And Modifiers Market Size and Growth
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26. South America Feed Mycotoxin Binders And Modifiers Market
27. Brazil Feed Mycotoxin Binders And Modifiers Market
28. Middle East Feed Mycotoxin Binders And Modifiers Market
29. Africa Feed Mycotoxin Binders And Modifiers Market
30. Feed Mycotoxin Binders And Modifiers Market Competitive Landscape And Company Profiles
Top Major Players:
- Cargill Inc
- BASF SE
- The Archer-Daniels-Midland Company
- Bayer AG
- Perstorp AB
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