Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Feed Mycotoxin Binders and Modifiers Market makes an offering of in-depth analysis of segments and
sub-segments in the regional and international Feed
Mycotoxin Binders and Modifiers Market. The research
also emphasizes on the impact of restraints, drivers, and macro indicators on
the regional and global Feed Mycotoxin Binders and Modifiers Market over the short as well as long period of time. A detailed
presentation of forecast, trends, and dollar values of global Feed
Mycotoxin Binders and Modifiers Market is offered. In accordance with the report, the global
Feed Mycotoxin Binders and Modifiers Market is projected to expand by healthy CAGR over the period of forecast.
Market Insight, Drivers, Restraints,
Opportunity & Trends of the Market:
Definition
Mycotoxins
are extremely pernicious to animal and human health and can be a source of
adverse health conditions. The feed mycotoxin binders and modifiers assist in
detoxifying the feed and livestock. They are utilized as food additives and
aids in the reduction of mycotoxins bioavailability in the feed. Binders bind
with mycotoxins and facilitates the absorption of toxins from the guts that
results in the defecation of toxin binder mixtures in the feces. On the other
hand, the mycotoxins modifiers help in the transitioning from toxin compounds
to non-toxin compounds.
Market Drivers
The
soaring events of disease occurrence owing to the presence of mycotoxins is
adversely influencing the health of humans and also livestock in both developed
and developing region. In accordance to a study of FAO, a crop production of
25% globally comprises of mycotoxins. The necessity to improvise on the health
of livestock and its performance is fueling the growth of the market.
Owing
to the hectic lifestyle of the people, the transition of consumer dependence
from homemade foods to processed and convenient foods are rising. The changing
food consumption patterns and consumption of food products based on livestock
on a regular basis coupled with need to alleviate the adverse impact of
mycotoxins is propelling the growth of this market.
Supportive
government policies are also empowering the growth prospects of this market.
The hard and fast directives of the governments across the globe that are aimed
at limiting the presence of mycotoxins in feed is augmenting the growth of the
feed mycotoxin binders and modifiers market.
Market Restraints
Mycotoxin
binders and modifiers are not so popular as feed additives among the livestock
growers. Feed additives like acidifiers, mold inhibitors and other feed
preservatives are superior over mycotoxin binders and modifiers as it expands
the feed’s shelf life and improvises the wealth and health of livestock. The
additional cost associated with the utilization of mycotoxin binders and
modifiers are hampering the growth of this market.
Further,
the lack of awareness and the need for proper information among the livestock
growers with respect to the risk associated with the usage of mycotoxins is
impeding the growth of this market.
The
negative impact of mycotoxins on human health and feed and the complex symptoms
coupled with the complicated medical conditions is disrupting the growth of the
feed mycotoxins binders and modifiers market.
Opportunities
The
constantly surging aquaculture and poultry rearing activities in both the
developing and developed regions is expected to provide an untapped market for
this good.
The
increasing consumption of livestock-based food and the need for food safety
among the consumers and livestock growers is expected to provide a stepping
stone for the growth of the feed mycotoxin binders and modifiers market.
The
surging cases of diseases in the livestock is expected to grab the notice of
the government and regulatory bodies for the establishments of standards for
detoxification of feed which is expected to provide lucrative opportunities to
the feed mycotoxin binders and modifiers market.
Trends
The
feed mycotoxin binders and modifiers market are expected to grow at a CAGR of
3.0%. The North American region is expected to showcase significant market
growth in the forecast region. This can be traced back to the escalating demand
for high-quality and safe livestock-based products, the presence of consumers
who are health aware, the rigid directives for conformation to quality
standards, and the avoidance to contamination of mycotoxins in the food chain.
In terms of source, the inorganic source is expected to dominate in the
forecast period. The dried form of feed mycotoxin binders and modifiers is
projected to progress significantly. The clay subtype is estimated to witness
significant growth in global market. In terms of livestock, the poultry segment
is estimated to be the fastest growing sector in the forecast period.
Segment Covered:
This market
intelligence report on the global Feed Mycotoxin Binders and Modifiers Market encompasses market segments based on type, source, form,
livestock and country.
By Type the
global Feed Mycotoxin Binders and Modifiers Market has been divided into:
q Feed
Mycotoxins Binders
o Bentonite
o Clay
o Others
q Feed
Mycotoxins Modifiers
o Bacteria
o Yeast
o Enzymes
o Others
By Source the global Feed Mycotoxin
Binders and Modifiers Market has been divided into:
q Organic
q Inorganic
By Form
the global Feed Mycotoxin Binders and Modifiers Market has been divided into:
q Liquid
q Dry
By Livestock the global Feed Mycotoxin Binders and
Modifiers Market has been divided into:
q Aquatic Animals
q Ruminants
q Swine
q Poultry
q Others
By country/region,
the global Feed Mycotoxin Binders and Modifiers Market has been divided into:
q North
America (the U.S., Canada),
q Latin
America (Brazil, Mexico, Argentina and other countries),
q Europe
(Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia
Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle
East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
q Olmix
Group
q ADM
q Bayer
q Cargill
q BASF SE
q Kemin
q Nutreco
q Norel
q Novus
International
q Biomin
others have been
profiled into detail so as to offer a glimpse of the market leaders. Moreover,
parameters such as Feed Mycotoxin Binders and Modifiers Market related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, IGR-Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The study
focuses on the present market trends and provides market forecast from the year
2020-2028. Emerging trends that would shape the market demand in the years to
come have been highlighted in this report. A competitive analysis in each of
the geographical segments gives an insight into market share of the global
players.
Few Recent Developments
ADM
In January 2019,
Neovia was acquired by ADM with the aim of improving the product portfolio
animal health products and livestock.
Bayer
In July 2018, an
agreement was signed in between Bayer Animal Health and Mitsui Chemicals Agro
Inc with the aim of innovating products to treat parasites like bacteria and
fungi.
Olmix Group
In March 2020, a
partnership was formed in between INRAE and Olmix Group. The partnership was
aimed at the development of economically viable and sustainable agricultural
food systems to strengthen its footing in health, environment and animal
nutrition.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Feed
Mycotoxin Binders and Modifiers Market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020-2028, taking into account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, competitive market strategies of leading market players,
emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Feed Mycotoxin Binders and Modifiers Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of Type of models, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Feed Mycotoxin Binders and Modifiers caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Feed
Mycotoxin Binders and Modifiers Market. The research also caters to the rising needs of consulting
and research firms, financial analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Feed Mycotoxin Binders and Modifiers Market
v
Identification
of key factors driving investment opportunities in the Feed
Mycotoxin Binders and Modifiers Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants