Feed Mycotoxin Binders Market

Report Highlights

The scope of this report is broad and covers different types of feed mycotoxin binders, along with the applications, major regions, and countries. The market is broken down by types of feed mycotoxin binders, applications, and regional markets. Revenue forecasts from 2019 to 2025 are given for each major type of feed mycotoxin binders, application, and regional market, and the estimated values are derived from the manufacturers’ total revenues.

The report also includes a discussion of the major players across each of the regional feed mycotoxin binders’ markets; it explains the major market drivers of the global feed mycotoxin binder’s industry, current trends within the industry, major applications, and the regional dynamics of the global feed mycotoxin binder’s market.

The report concludes with a special focus on the vendor landscape, which includes detailed profiles of the major vendors in the global feed mycotoxin binders industry.

Report Includes

• 62 tables
• An up-to-date analysis of the global feed mycotoxin binder’s market.
• Analyses of the global market trends, with data from 2019, 2020, estimates for 2021, and projections of compound annual growth rates (CAGRs) through 2026.
• Estimation of market size and revenue forecast for global feed mycotoxin binders’ market, and corresponding market share analysis by type, application, and region for each market segment.
• Highlights of emerging technology trends, gaps and opportunities in the market estimating current and future demand for feed mycotoxin binders, identification of the companies that are best positioned to meet this demand.
• In-depth information (facts and figures) concerning market drivers, restraints and other forces affecting the progress of this market.
• Identification of new products and products still in the development and their probability of successful commercial launch within the next five years.
• Impact of COVID-19 on the feed mycotoxin binders market as compared to overall global economy.
• Insight into the growth development strategies of major feed mycotoxin binders’ manufacturers and their key competitive landscape.
• Descriptive company profiles of the leading market participants, including Cargill, BASF, ADM, Bayer, Perstorp, Chr. Hansen, Kemin, Nutreco, Adisseo & Alltech.

Summary

Feed mycotoxin binders are primarily added to animal feed in minor quantities to prevent mycotoxins from entering the bloodstream as they cause serious harm to the animals. Based on its composition, various types of feed mycotoxin binders are used in clay, bentonite, silicates, clays, yeast, charcoal, and others. Different types of feed mycotoxin modifiers are enzymes, yeast, bacteria, and others.

The global feed mycotoxin binders market will grow from over $2.4 billion in 2020 to $2.9 billion by 2025 at a five-year CAGR of 3.1%. The market for feed mycotoxin binders is expected to grow, mainly due to increase frequencies of animal disease outbreaks, large financial loss incurred to dairy and farm animals’ farmers due to the presence of mycotoxins in feedstuffs.

Feed mycotoxin binders find major applications in poultry, swine, ruminants, aquatic animals, and others. In 2020, poultry applications captured the largest share in the market.