The Poultry Feed Mycotoxin Binders And Modifiers Global Market Report 2024 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 Poultry Feed Mycotoxin Binders And Modifiers Global Market Report 2024, 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..
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.
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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
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 report table of contents includes:
1. Executive Summary
- Poultry Feed Mycotoxin Binders And Modifiers Market Characteristics
- Poultry Feed Mycotoxin Binders And Modifiers Market Trends And Strategies
- Poultry Feed Mycotoxin Binders And Modifiers Market – Macro Economic Scenario
- Global Poultry Feed Mycotoxin Binders And Modifiers Market Size and Growth
. - Global Poultry Feed Mycotoxin Binders And Modifiers Market Competitive Benchmarking
- Global Poultry Feed Mycotoxin Binders And Modifiers Market Competitive Dashboard
- Key Mergers And Acquisitions In The Poultry Feed Mycotoxin Binders And Modifiers Market
- Poultry Feed Mycotoxin Binders And Modifiers Market Future Outlook and Potential Analysis
- Appendix
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