The mycotoxin binders market is expected to be growing at a growth rate of 5.65% in the forecastperiod of 2021 to 2028. The growth in the prevalence of the mycotoxin incidence will act as a driving factor to the growth of the mycotoxin binders market.
Mycotoxins can be enormously detrimental to both humans and animals and may be the reason for several medical conditions. The feed mycotoxin binders act as mycotoxin detoxifying agents in the feed. They are utilized as feed additives and aid in the plummeting the bioavailability of the mycotoxins in the feed. The binders are large molecular weight compounds that can bind with the mycotoxins. They absorb the toxin in the guts, ensuing in the excretion of toxin binder complex in the feces.
Factors such as the growth in the prevalence of the mycotoxin incidence in the crops, the strict guidelines restraining the incidence of the mycotoxins in the feed products, the global surge in the risk of the mycotoxin contamination in the livestock feed are anticipated the growth of the mycotoxin binders market in the above mentioned forecast period.
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The major players covered in the mycotoxin binders market report are:
Cargill, Incorporated, BASF SE, ADM, Bayer AG, Perstorp Holding AB, Chr. Hansen Holding A/S, Nutreco N.V., Adisseo, Alltech, Novus International, Biomin GmbH, Impextraco NV, Norel S.A., Global Nutritech., Kemin Industries, Inc., DuPont., Syngenta AG, VETLINE, Virbac., Selko, Anfotel Nutritions Private Limited, Amlan International., Olmix Société Anonyme, among other domestic and global players.
Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Stabilizing Agents for Mycotoxin Binders Market Scope and Market Size
The mycotoxin binders market is segmented on the basis of type, livestock, source and form. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Based on the type, the mycotoxin binders market is segmented into feed mycotoxin binders, feed mycotoxin modifiers)
Based on the livestock, the mycotoxin binders market is segmented into poultry, swine, ruminants, aquatic animals and others.
Based on the source, the mycotoxin binders market is segmented into inorganic, organic.
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Stabilizing Agents for Mycotoxin Binders Market Country Level Analysis
North America dominates the mycotoxin binders market because of the high acceptance of mycotoxin binders and modifiers. Furthermore, the upsurge in the need for safe and high-quality livestock-based products, food safety alertness, strict quality guidelines, and aim to decrease, to stop and to eliminate the development and the occurrence of mycotoxin contaminant in the food chain which in turn will boost the growth of the mycotoxin binders market in the region.
Asia Pacific is anticipated to significant amount of the growth in the mycotoxin binders market because of the considerable growth in the population and the strong development. Furthermore, the growth of the middle-class population, with the growing requirement for animal food products which in turn is projected to propel the growth of the mycotoxin binders market in the region during the forecast period.
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