Global Feed Mycotoxin Binders and Modifiers Market
The global Feed Mycotoxin Binders and Modifiers market was valued at USD 2.27 billion in 2016 and is projected to reach USD 3.06 billion by 2025, growing at a CAGR of 3.4% from 2017 to 2025.
Mycotoxins are harmful organisms that can cause damage to the feed. The major reasons for the formation of mycotoxins are bacteria and yeast used in manufacturing. The demand for binders and modifiers is expected to remain high over the forecast period as they increase the shelf life as well as protect the animal feed from foreign intrusion.
1. Market Drivers
1.1 Incidences of mycotoxin occurrences in crops
1.2 Rise in consumption of animal based products
2. Market Restraints
2.1 Low demand in developing countries
The global Feed Mycotoxin Binders and Modifiersmarket is segmented on thelivestock, type, source, and region.
1. By Type:
2. By Livestock:
2.2 Aquatic Animals
3. By Source:
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. IMPEXTRACO NV
3. Novus International
4. BASF SE
7. Chr. Hansen
8. Bayer AG
9. Perstorp Holding AB
10. Nutreco NV
12. Novozymes A/S
13. Adisseo France SAS
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Feed Mycotoxin Binders and Modifiersmarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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