Global Mycotoxin Binders Market: By Product Type (Mycotoxin binders, Mycotoxin modifiers), By Animal Category (Poultry, Aquaculture, Swine, Horses, Ruminant, Others), By Source (Organic, Inorganic), By End-Users (Feed Manufacturers, Home-mixers, Integrators, Aquaculture Industry), and Geography – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013 to 2017 and Forecast 2018 to 2024
Global mycotoxin binders market was valued at US $ XX Mn and expected to grow at XX% Compound Annual Growth Rate (CAGR) over 2018 to 2024.
Market Outline: Mycotoxin Binders Market
Mycotoxins are secondary metabolites, which are produced by actively growing molds such as fungi. The mycotoxin detoxifiers’ enables prevent the contamination of the feed. Mycotoxin binders (adsorbents) are of various types which include clay, bentonite etc.
Market Dynamics: Mycotoxin Binders Market
Increase in the incidence of mycotoxin compounds in the animal feed is the key factor attributing the growth of mycotoxin binders market. The rising demand for the protein-rich meat, increased regulations to detect the residues in food and feed ingredients are expected to enhance the mycotoxin binders market. Increasing health consciousness, surge in demand for protein-rich food is another factor influencing the growth of the mycotoxin binders market. However, the stringent government regulations in standardizing the meat source is expected to hamper the growth of mycotoxin binders market.
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Market Scope: Mycotoxin Binders Market
Mycotoxin binders market is segmented based on the product type, animal category, source and end-users
Based on the product type, the market is segmented into the following:
- Mycotoxin Binders
- Mycotoxin Modifiers
Based on the animal category, the market is segmented into the following:
Based on the source, the market is segmented into the following:
Based on the end-users, the market is segmented into the following:
- Feed Manufacturers
- Aquaculture Industry
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Regional Analysis: Mycotoxin Binders Market
Geographically, global mycotoxin binders market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America mycotoxin binders market is anticipated to expand at significant growth rate due to increase in the consumption of the animal products. North America region is considered as the largest consumer base. The North America mycotoxin binders market led by U.S., followed by Canada. The Europe mycotoxin binders market is led by the Germany, France, and Italy, owing to presence of the strong poultry base and soaring demand for meat. The Asia Pacific mycotoxin binders market is expected to witness growth in the forecasted period due to the presence of an increase in demand for meat products and changing farming practices. China mycotoxin binders market is predicted to project higher growth in the Asia Pacific region.
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Competition Assessment: Mycotoxin Binders Market
Some of the players in the global mycotoxin binders market include:
- Nutreco N.V. (Netherlands)
- Bayer AG (Germany)
- Novozymes A/S (Denmark)
- Novus International, Inc. (U.S.)
- Norel S.A. (Spain)
- BIOMIN Holding GmbH (Austria)
- Disseo France SAS (France)
- BASF SE (Germany)
- Archer Daniels Midland Company (U.S.)
- Kemin Industries, Inc. (U.S.)
- Cargill (U.S.)
- Alltech (U.S.)
Notable Market Developments: Mycotoxin Binders Market
- In November 2015, Kemin has launched a new mycotoxin binder, Toxfin XL. It works at different pH levels and prevents absorption of Mycotoxins.
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