Overview:

The global feed mycotoxin binders and modifiers market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Mycotoxin binders or adsorbents are substances that bind to mycotoxins and prevent their absorption through the gut and into the bloodstream. The use of mycotoxin binders is more effective than other preventive measures against fungi and mycotoxins. Mycotoxin modifiers are usually of microbiological origin, which consist of yeast or bacteria, as well as specifically extracted components such as enzymes.

Market Dynamics:

According to FAO research, about 25% of global crops contain mycotoxins. Therefore, for improving the health and performance of livestock, use of mycotoxin binders & modifiers is increasing across the globe. Thus, increased level of mycotoxins in crops is a prominent factor driving global feed mycotoxin binders and modifiers market growth. In addition, growing consumer awareness about fungal growth in feed and its negative effects on animal health is further expected to fuel growth of the target market in coming years.

However, significant use of feed preservatives such as acidulants, mold inhibitors, and others as feed additives may hamper growth of the global market to a certain extent. Nevertheless, global regulatory agencies are focusing on control measures on feeding methods to solve the issues related with feed and food safety are expected to have a positive impact on the target market growth in the near future.

Key Trends:

Key players operating in the global feed mycotoxin binders and modifiers market are engaged in strategic partnerships and product launches in order to strengthen their position in the global market. In March 2020, Olmix Group signed partnership agreement with ​​National Institute of Agriculture, Food and Environment (INRAE) to strengthen its position in animal nutrition and health, and environment through the development of sustainable and economically efficient agri-food systems.

Regional Analysis:

For detailed understanding of market dynamics, the global feed mycotoxin binders and modifiers market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America accounted for the major revenue share in 2019, owing to high awareness about food safety, strict regulations regarding quality, and high demand for good quality and safe livestock products. The market of Asia Pacific expected to register significant CAGR during the forecast period due to growing livestock production in the region.

Scope of the Report:

Detailed Segmentation:

Global Feed Mycotoxin Binders and Modifiers Market, By Type:

• Feed Mycotoxin Binders
• Clay
• Bentonite
• Other
• Feed Mycotoxin Modifiers
• Enzymes
• Yeast
• Bacteria
• Others

Global Feed Mycotoxin Binders and Modifiers Market, By Livestock

• Poultry
• Swine
• Ruminants
• Aquatic animals
• Others

Global Feed Mycotoxin Binders and Modifiers Market, By Source

• Inorganic
• Organic

Global Feed Mycotoxin Binders and Modifiers Market, By Form

• Dry
• Liquid

Key Players Covered:

Key players operating in the global market include, Archer Daniels Midland Company, Perstorp Holding AB, Alltech Inc, Nutriad Ltd, BASF SE, Nutreco NV, BIOMIN Holding GmbH, Novus International Inc, Cargill, Incorporated, and Kemin Industries Inc.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global Feed Mycotoxin Binders and Modifiers Market by type, livestock, source, form, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global feed mycotoxin binders and modifiers market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.