October 18, 2019
According to the new research report available at MarketStudyReport.com under the title ‘Global (United States, European Union and China) Feed Mycotoxin Binders Market Research Report 2019-2025’, the worldwide feed mycotoxin binders market is anticipated to amass US $270 million by the year 2025.
Mycotoxin binders are ingredients that bind to mycotoxins and avert their adsorption through the gut and into the blood circulation. When all the other preventative measures against mycotoxins and molds get failed, mycotoxin binders become the best alternative. The ingredient is added to the animal feed extensively which is driving the feed mycotoxin binders market.
Feed contamination by mycotoxins is constant concern for poultry farmers around the globe. Increasing adoption of these feed binders to monitor and counter the ill-effects of mycotoxins is propelling the market growth. However, the high cost of product, its unstable nature, and supply shortage makes it a risky option, hence impeding the industry growth to some extent.
According to the report, feed mycotoxin binders market was worth US $140 million in 2019 and is predicted to grow with a CAGR of 8.5% by the year 2025. The report provides a comprehensive insight about the production and consumption patterns, alongside the trends, drivers, challenges, and opportunities impacting the market growth. Information about revenue shares, capacity graphs, value chain, sales channels, and customer spectrum is also encompassed.
The feed mycotoxin binders market is analyzed on the basis of product type, application spectrum and regional landscape. Based on the product type, the market is segmented as polysaccharide, HSCAS, zeolites, and bentonite.
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Speaking of the application spectrum, the market is fragmented as equine, poultry, aquaculture, ruminant, and swine. While considering the regional landscape, the global feed mycotoxin binders market is divided into four major regions which are European Union, China, United States and rest of the world including India, Japan, Southeast Asia, and Korea.
The prominent companies operating in feed mycotoxin binders market include Feed Industryvice, BASF, Impextraco NV, Vetline, Amlan International, Kemin Industries, VL Vipro, Bayer, VisscherHolland, Alltech, Bentoli, Virbac Group, FF Chemicals, Novus International, Biomin, Anfotel Nutrition, and Selko.
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