Pune, March 27, 2023 (GLOBE NEWSWIRE) -- A global Food and Beverages business-consulting firm, Maximize Market research, has published a market intelligence and competitive landscape report on the “Feed Mycotoxin Binders Market”. The report is a combination of primary data and secondary data and domain expert has analyzed the Feed Mycotoxin Binders Market from a local as well as a global point of view. Over the forecast period, Maximize Market research expects, the market to grow from USD 146 Mn in 2021 to USD 334.05 Mn in 2029 at a CAGR of 10.9 percent.
Feed Mycotoxin Binders Market Report Scope and Research Methodology
| Market Size in 2021 | USD 146 Mn. |
| Market Size in 2029 | USD 334.05 Mn. |
| CAGR | 10.9 percent (2022-2029) |
| Forecast Period | 2022-2029 |
| Base Year | 2021 |
| Number of Pages | 274 |
| No. of Tables | 117 |
| No. of Charts and Figures | 112 |
| Segment Covered | Livestock, Source and Form |
| Regional Scope | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Report Coverage | Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis. |
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The report determines the Feed Mycotoxin Binders Market share, size, current and future trends and forecast. It also includes a detailed analysis of drivers, restraints, opportunities and challenges in the Feed Mycotoxin Binders industry. The report majorly focuses on the data of the market developments and competitive landscape. The competitive landscape includes detailed information on the position of Feed Mycotoxin Binders Market players in the industry with their partnerships, business growth and acquisitions. The market report presents extensive company profiles including company overviews, product benchmarking, company insights and SWOT analysis for the key market players.
To estimate the global and regional Feed Mycotoxin Binders Market size, the bottom-up approach was employed. The primary and secondary data collected for the tin market report were combined and analyzed in detail, which helps to provide accurate and error-free data to clients. PESTLE analysis was used to understand the potential impact of the macroeconomic and micro-economic factors affecting the Feed Mycotoxin Binders Market. Porter’s five forces analysis is also included in the report, which helps to understand the market through various perspectives that makes it an investor’s guide. The report provides in-depth knowledge of the growth opportunities in the Feed Mycotoxin Binders Market to the new entrants. Thus, the report provides the current as well as future market outlook of the Feed Mycotoxin Binders industry.
Feed Mycotoxin Binders Market Overview
Mycotoxin binders are feed additives. By referring to the chemical compounds produced by the microorganisms, these feed additives bind the mycotoxins. The Feed Mycotoxin Binders Market growth is driven by the improvements in the feed binder products due to the high investments in research and development by industry participants.
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Feed Mycotoxin Binders Market Dynamics
The Feed Mycotoxin Binders Market is expected to grow during the forecast period due to the increasing incidence of mycotoxin in crops. Benefits associated with the usage of mycotoxin binders such as improves animal health, boosting livestock productivity, reducing the chances of mycotoxicosis and avoiding expensive veterinary costs contribute to the market growth. During the forecast period, the Feed Mycotoxin Binders industry is expected to grow due to the increasing consumption of meat and meat products globally along with the easy availability of these products due to efficient distribution channels such as retail stores and supermarkets.
Feed Mycotoxin Binders Market Regional Insights
The Feed Mycotoxin Binders Market in the Europe region is expected to grow at a CAGR of 7.5 percent. The regional market is majorly driven by the changing consumer preferences toward more diet-centric nutrition and high protein intake, which is contributing to the market growth.
During the forecast period, the Feed Mycotoxin Binders Market in the North America region is expected to grow at a modest rate. The growth of the market is majorly due to the presence of major players in the region. The increasing demand for meat and dairy products along with the strict food safety regulations are the factors driving the Feed Mycotoxin Binders Market growth.
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Feed Mycotoxin Binders Market Segmentation
By Livestock
- Swine
- Ruminants
- Poultry
- Aquatic animals
- Others
Based on Livestock, the poultry segment held the largest Feed Mycotoxin Binders Market share in 2021. The increasing concerns about livestock health such as concerns about the number and quality of egg production, improved body mass and enhanced feed efficiency have increased the demand for the use of mycotoxin binders and modifiers in poultry feed.
By Source
- Organic
- Conventional
Based on Source, the conventional segment dominated the global Feed Mycotoxin Binders Market in 2021. This dominance is mainly due to the increasing demand for conventionally derived feed mycotoxin binders.
By Form
- Dry
- Liquid
- Others
Based on form, the liquid segment dominated the global Feed Mycotoxin Binders Market in 2021. This segment is expected to grow at a high rate during the forecast period. The growth of this segment is mainly attributed to its better handling properties and dosage rates.
Feed Mycotoxin Binders Market Key Competitors include:
- BASF
- Vetline
- Kemin Industries
- Bayer
- Alltech
- Virbac Group
- Novus International
- Selko
- Anfotel Nutrition
- Biomin
- FF Chemicals
- Bentoli
- VisscherHolland
- VL Vipro
- Amlan International
- Impextraco NV
- Feed Industryrvice
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Key questions answered in the Feed Mycotoxin Binders Market are:
- What are Feed Mycotoxin Binders?
- What is the CAGR of the Feed Mycotoxin Binders Market?
- What was the Feed Mycotoxin Binders Market size in 2021?
- What is the expected Feed Mycotoxin Binders Market size by the end of the forecast period?
- What are the global trends in the Feed Mycotoxin Binders Market?
- What are the major challenges that the Feed Mycotoxin Binders Market could face in the future?
- What are the upcoming industry applications and trends for the Feed Mycotoxin Binders Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for Feed Mycotoxin Binders Market?
- How is the intervention from regulatory authority is shaping the Feed Mycotoxin Binders Market?
- What growth strategies are the players considering to increase their presence in Feed Mycotoxin Binders?
- Who are the leading companies and what are their portfolios in Feed Mycotoxin Binders Market?
- Who held the largest market share in Feed Mycotoxin Binders Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by Livestock, Source, Form and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Maximize Market Research is leading Food & Beverages research firm, has also published the following reports:
Animal Feed Additives Market - The market size is expected to reach USD 26.49 billion by 2029 at a CAGR of 5.5 percent during the forecast period. The market is expected to be driven by the usage of feed additives in feed for the growth and development of farm animals.
Animal Feed Organic Trace Minerals Market - The market size is expected to reach USD 1130.19 Million by 2029 at a CAGR of 4.5 percent during the forecast period. The market is expected to be driven by increasing meat consumption due to the use of water-soluble natural feed-added materials.
Feed Preservatives Market - The market size is expected to reach USD 7.49 billion by 2029 at a CAGR of 6.6 percent during the forecast period. The market is expected to be driven by the high demand for meat consumption, increasing shortage of livestock and growing livestock farming.
Mineral Feed Market - The market size is expected to reach USD 6.10 billion by 2029 at a CAGR of 5.2 percent during the forecast period. The market is expected to be driven by the increasing interest in great creature items.
Swine Feed Market - The market size is expected to reach USD 110.51 billion by 2029 at a CAGR of 3.82 percent during the forecast period. The market is expected to be driven by the increasing product demand due to the increasing pork meat consumption.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
