Feed Mycotoxin Binders and Modifiers Market: Strong Growth Opportunities in Poultry and Aquafeed Sectors

Posted on 2020-11-02 by MarketsandMarkets in Agriculture // 0 Comments

The Feed Mycotoxin Binders and Modifiers Market is estimated to be valued at USD 2.4 billion in 2020 and is projected to reach a value of USD 2.8 billion by 2025, growing at a CAGR of 3.0% during the forecast period. On the other hand, the feed mycotoxin binders and modifiers market in terms of volume is projected to reach at 2,013.5 KT during the forecast period. Factors such as the rising risk of mycotoxins in the final feed products is driving the growth of the feed mycotoxin binders and modifiers market.

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The growth in demand for feed mycotoxin binders & modifiers offers an opportunity for market development, especially in developing countries such as China, India, Brazil, and Argentina. Poultry and aquaculture rearing in feedlots can be considered as the significant growth sector for usage of the feed mycotoxin binders & modifiers market in South America and the Asia Pacific region, owing to their large-scale farming.

The growth opportunities for the usage of feed mycotoxin binders & modifiers are furthered by factors such as a significant focus on feed safety and livestock health in order to meet the rising meat consumption and strengthened feed demand. Increased importance laid on the quality of feed products in these emerging markets is another factor offering significant opportunity for growth. Furthermore, constant disease outbreaks among livestock can also influence the usage and market development opportunity for feed mycotoxin binders & modifiers, as regulatory bodies globally focus on adopting control measures on feeding practices to address feed and consequently food safety

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Leading companies operating in the feed mycotoxin binders and modifiers market are Cargill (US), BASF (Germany), ADM (US), Bayer (Germany), Perstorp (Sweden), Novus International (US), BIOMIN (Austria), Impextraco (Belgium), Norel Animal Nutrition (Spain), Chr. Hansen (Denmark), Nutreco (Netherlands), Kemin (US), Adisseo (France), Global Nutritech (Turkey), Alltech (US), Amlan international (US), Olmix Group (France), Selko B.V (Ntetherlands), Micron Bio Systems (US), Sibbiopharm (Russia), Anfotal Nutritions (India), FF Chemicals (Netherlands), Visscher Holland (Dutch), Bentoli Inc. (US), and Bonaventure Animal Nutrition (US).

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