MarketsandMarkets Presents Feed Mycotoxin Binders and Modifiers Market by Type, Livestock, Source, Region

The report "Feed Mycotoxin Binders & Modifiers Market by Type (Binders and Modifiers), Livestock (Poultry, Swine, Ruminants, and Aquatic Animals), Source (Inorganic and Organic), Form (Dry and Liquid), and Region - Global Forecast to 2025" The feed mycotoxin binders & modifiers market is projected to grow from USD 2.5 billion in 2019 to USD 3.0 billion by 2025, at a compound annual growth rate (CAGR) of 3.6% during the forecast period. The major factors driving the feed mycotoxin binders & modifiers market include the increase in demand and consumption of livestock based products, rise in incidences of mycotoxin occurrence in crops, stringent regulations limiting the presence of mycotoxin in feed products, and global increase in the risk of mycotoxin contamination in livestock feed. A further rise in health awareness among consumers is also expected to drive the market.Feed Mycotoxin Binders & Modifiers Market Browse 152 market data Tables and 41 Figures spread through 181 Pages and in-depth TOC on "Feed Mycotoxin Binders & Modifiers Market by Type (Binders and Modifiers), Livestock (Poultry, Swine, Ruminants, and Aquatic Animals), Source (Inorganic and Organic), Form (Dry and Liquid), and Region - Global Forecast to 2025“ Make an inquiry about this

The mycotoxin binders segment dominated over feed mycotoxin modifiers in the market in In mycotoxin binders segment, clay dominated among all the subtypes of mycotoxin binders, whereas yeast dominated among all the subtypes of mycotoxin modifiers. Mycotoxin binders are used widely as they are cheaper and are commercialized on a large scale, making them comparatively easy to procure. Furthermore, these have a longer shelf life and does not get affected by different climatic conditions, making them safe for use in all climatic conditions. The swine segment is projected to be the fastest growing segment during the forecasted period. young pigs and breeding swine are most susceptible to mycotoxin contamination. Thus, the prevention of mycotoxins needs to be ensured in the swine to reduce the negative effects of mycotoxin on swine health and performance. This drives the use of mycotoxin binders & modifiers in the swine segment. The North American market accounted for the largest share in the feed mycotoxin binders & modifiers market. This dominance is attributed to the increase in mycotoxin risk level in livestock feed and the adoption rate of mycotoxin binders & modifiers in livestock feed in this region is high as compared to other regions. modifier-market html

Key Market Players The major vendors in the global feed mycotoxin binders & modifiers market are Cargill (US), BASF (Germany), ADM (US), Bayer (Germany), Perstorp (Sweden), Chr. Hansen (Denmark), Kemin (US), Nutreco (Netherlands), Adisseo (France), Alltech (US), Novus International (US), BIOMIN (Austria), Impextraco (Belgium), Norel (Spain), and GLOBAL NUTRITECH (Turkey). These players have broad industry coverage and strong operational and financial strength; they have grown organically and inorganically in the recent past.

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