Feed Mycotoxin Binders and Modifiers Market Projected to Gain Significant Value by 2028
A recent market intelligence report that is published by Data Insights Partner on the global Feed Mycotoxin Binders and Modifiers Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Feed Mycotoxin Binders and Modifiers Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Feed Mycotoxin Binders and Modifiers Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Feed Mycotoxin Binders and Modifiers Market is offered. In accordance with the report, the global Feed Mycotoxin Binders and Modifiers Market is projected to expand by healthy CAGR over the period of forecast.
Market Insight, Drivers, Restraints, Opportunity & Trends of the Market:
Definition
Mycotoxins are extremely pernicious to animal and human health and can be a source of adverse health conditions. The feed mycotoxin binders and modifiers assist in detoxifying the feed and livestock. They are utilized as food additives and aids in the reduction of mycotoxins bioavailability in the feed. Binders bind with mycotoxins and facilitates the absorption of toxins from the guts that results in the defecation of toxin binder mixtures in the feces. On the other hand, the mycotoxins modifiers help in the transitioning from toxin compounds to non-toxin compounds.
Market Drivers
The soaring events of disease occurrence owing to the presence of mycotoxins is adversely influencing the health of humans and also livestock in both developed and developing region. In accordance to a study of FAO, a crop production of 25% globally comprises of mycotoxins. The necessity to improvise on the health of livestock and its performance is fueling the growth of the market.
Owing to the hectic lifestyle of the people, the transition of consumer dependence from homemade foods to processed and convenient foods are rising. The changing food consumption patterns and consumption of food products based on livestock on a regular basis coupled with need to alleviate the adverse impact of mycotoxins is propelling the growth of this market.
Supportive government policies are also empowering the growth prospects of this market. The hard and fast directives of the governments across the globe that are aimed at limiting the presence of mycotoxins in feed is augmenting the growth of the feed mycotoxin binders and modifiers market.
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Market Restraints
Mycotoxin binders and modifiers are not so popular as feed additives among the livestock growers. Feed additives like acidifiers, mold inhibitors and other feed preservatives are superior over mycotoxin binders and modifiers as it expands the feed’s shelf life and improvises the wealth and health of livestock. The additional cost associated with the utilization of mycotoxin binders and modifiers are hampering the growth of this market.
Further, the lack of awareness and the need for proper information among the livestock growers with respect to the risk associated with the usage of mycotoxins is impeding the growth of this market.
The negative impact of mycotoxins on human health and feed and the complex symptoms coupled with the complicated medical conditions is disrupting the growth of the feed mycotoxins binders and modifiers market.
Opportunities
The constantly surging aquaculture and poultry rearing activities in both the developing and developed regions is expected to provide an untapped market for this good.
The increasing consumption of livestock-based food and the need for food safety among the consumers and livestock growers is expected to provide a stepping stone for the growth of the feed mycotoxin binders and modifiers market.
The surging cases of diseases in the livestock is expected to grab the notice of the government and regulatory bodies for the establishments of standards for detoxification of feed which is expected to provide lucrative opportunities to the feed mycotoxin binders and modifiers market.
Trends
The feed mycotoxin binders and modifiers market are expected to grow at a CAGR of 3.0%. The North American region is expected to showcase significant market growth in the forecast region. This can be traced back to the escalating demand for high-quality and safe livestock-based products, the presence of consumers who are health aware, the rigid directives for conformation to quality standards, and the avoidance to contamination of mycotoxins in the food chain. In terms of source, the inorganic source is expected to dominate in the forecast period. The dried form of feed mycotoxin binders and modifiers is projected to progress significantly. The clay subtype is estimated to witness significant growth in global market. In terms of livestock, the poultry segment is estimated to be the fastest growing sector in the forecast period.
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Segment Covered:
This market intelligence report on the global Feed Mycotoxin Binders and Modifiers Market encompasses market segments based on type, source, form, livestock and country.
By Type the global Feed Mycotoxin Binders and Modifiers Market has been divided into:
q Feed Mycotoxins Binders
o Bentonite
o Clay
o Others
q Feed Mycotoxins Modifiers
o Bacteria
o Yeast
o Enzymes
o Others
By Source the global Feed Mycotoxin Binders and Modifiers Market has been divided into:
q Organic
q Inorganic
By Form the global Feed Mycotoxin Binders and Modifiers Market has been divided into:
q Liquid
q Dry
By Livestock the global Feed Mycotoxin Binders and Modifiers Market has been divided into:
q Aquatic Animals
q Ruminants
q Swine
q Poultry
q Others
By country/region, the global Feed Mycotoxin Binders and Modifiers Market has been divided into:
q North America (the U.S., Canada),
q Latin America (Brazil, Mexico, Argentina and other countries),
q Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as:
q Olmix Group
q ADM
q Bayer
q Cargill
q BASF SE
q Kemin
q Nutreco
q Norel
q Novus International
q Biomin
others have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Feed Mycotoxin Binders and Modifiers Market related investment & spending and developments by major players of the market are tracked in this global report.
Report Highlights:
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, IGR-Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
Few Recent Developments
ADM
In January 2019, Neovia was acquired by ADM with the aim of improving the product portfolio animal health products and livestock.
Bayer
In July 2018, an agreement was signed in between Bayer Animal Health and Mitsui Chemicals Agro Inc with the aim of innovating products to treat parasites like bacteria and fungi.
Olmix Group
In March 2020, a partnership was formed in between INRAE and Olmix Group. The partnership was aimed at the development of economically viable and sustainable agricultural food systems to strengthen its footing in health, environment and animal nutrition.
Salient Features:
Ø This study offers comprehensive yet detailed analysis of the Feed Mycotoxin Binders and Modifiers Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020-2028, taking into account 2019 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the world Feed Mycotoxin Binders and Modifiers Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of Type of models, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for Feed Mycotoxin Binders and Modifiers caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Feed Mycotoxin Binders and Modifiers Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion
Reasons to buy:
v Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the Feed Mycotoxin Binders and Modifiers Market
v Identification of key factors driving investment opportunities in the Feed Mycotoxin Binders and Modifiers Market
v Facilitate decision-making based on strong historic and forecast data
v Position yourself to gain the maximum advantage of the industry’s growth potential
v Develop strategies based on the latest regulatory events
v Identify key partners and business development avenues
v Respond to your competitors’ business structure, strategy and prospects
v Identify key strengths and weaknesses of important market participants
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