The global feed mycotoxin binders and modifiers market had a value of USD 2.40 billion in 2020 and is projected to experience a Compound Annual Growth Rate (CAGR) of 3.3% from 2021 to 2028. One of the key drivers of this market is the increasing prevalence of mycotoxin contamination in livestock.
Mycotoxins are harmful compounds produced by certain fungi and are commonly present in animal food products. Feed mycotoxin binders are incorporated into animal feed to effectively trap mycotoxins and prevent their absorption into the bloodstream of livestock. These binders function as detoxifying agents for mycotoxins in animal feed.
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Top Companies Operating in the Global Feed Mycotoxin Binders And Modifiers Market Report:
Alltech, Inc., Archer Daniels Midland Company, BASF SE, BIOMIN Holding GmbH, Cargill, Kemin Industries, Inc., Novus International, Nutreco N.V., and Nutriad.
The factors that drive the industry's growth are highlighted in the report. The report divides the Feed Mycotoxin Binders And Modifiers market into main categories such as forms, applications, end-users, technology, and others for a better understanding. These segments are thoroughly examined in order to provide a more accurate outlook for the global and regional markets. The report also examines the industry's major players, including their product portfolios, company overviews, strategic growth strategies, revenue generation, market share and size, geographic presence, and development and manufacturing capabilities.
Market Overview:
In the food and beverage sector, all businesses involved in the processing, packaging, or distribution of raw food materials are included. In addition to medications, this industry touches all human-made products, including fresh and packaged meals, alcoholic and nonalcoholic beverages.
Since the Covid-19 outbreak has caused a financial depression, consumers are trying to conserve their money as much as possible. To do this, consumers are buying more generic things and cooking their own meals instead of eating out. In order to reduce the cost of goods sold, attract more customers, and increase profit margins, food processing companies are becoming more creative.
As a result of obesity, the global food and beverage industry is experiencing tremendous growth. As consumers' desire for healthy foods has increased, so has their demand for more detailed nutrition data. Both of these changes have caused companies to launch lower-calorie foods and tighten their control over how their brands are perceived.
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To assist readers in making profitable business decisions, the report is written with the help of industry analysts, market segmentation, and data collection. In addition to providing a comprehensive database of technological and product advances, the report provides detailed information on growth rates, market values, as well as niche market segments.
This report analyzes the Feed Mycotoxin Binders And Modifiers market in terms of growth rate, market share, current and emerging trends, production and consumption ratios, industrial chains, demand and supply, imports, exports, revenue contribution, and key player presences in key regions. As a part of the report, a country-by-country analysis of the Feed Mycotoxin Binders And Modifiers market is provided to gain a deeper understanding of its growth and progress.
The global Feed Mycotoxin Binders And Modifiers market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Feed mycotoxin binders
- Bentonite
- Clay
- Others
Feed mycotoxin modifiers
- Bacteria
- Yeast
- Enzymes
- Others
On the basis of Livestock: (Revenue, USD Billion, 2021 - 2028)
- Aquatic animals
- Swine
- Poultry
- Ruminants
- Others
On the basis of Source: (Revenue, USD Million, 2021 - 2028)
- Organic
- Inorganic
On the basis of Form: (Revenue, USD Million, 2021 - 2028)
- Liquid
- Dry
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