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Feed Mycotoxin Binders Market Growth Promoters, Industry Insights, Business Opportunities by 2024

Author : Rahul Sankrityayan | Published Date : 2019-09-11 

Global Market Insights, Inc. provides a detailed overview of Feed Mycotoxin Binders Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

Bentonite mycotoxin binders market is poised to surpass USD 120 million by the end of 2024 due to its improved pellet quality, feed efficiency, flowability, and production rate. Properties such as irreversibility, high adsorption capacity, specificity and safety provided upon consumption of these products should promulgate feed mycotoxin binders market demand.

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Zeolite mycotoxin binders market may witness strong gains at over 6.5% during forecast timeframe owing to non-toxicity, organic characteristics, and its natural occurrence along with ability to decrease odors from spoiled grains in enclosed animal facilities. Also, reduces chances of livestock suffering from acidosis, scours, enteritis, and diarrhea.

Growth Drivers:

1.    North America: Increasing R&D spending by industry participants positively impacting the market

2.    Europe: Stringent regulations limiting presence of mycotoxin in feed ingredients

3.    Asia Pacific: Increasing meat consumption

4.    LATAM: Strong livestock sector exporting beef and poultry worldwide

5.    MEA: Recent adoption of intensive agricultural system in field of poultry and cattle

Feed mycotoxin binders market from poultry applications may witness significant gains at over 8.5% over the forecast timeline owing to increasing meat consumption rates and drive for healthy and safe feed. Increasing bird flu disease in poultry industry caused by toxic food substances may influence industry growth.

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Feed mycotoxin binders market from swine applications may exceed USD 85 million by 2024. Impurity in swine generally affects liver, kidneys, gut and immunity in animals, which results reduction of overall performance, and mitigate metabolism & reproduction. Growing meat consumption demand owing to protein intake may create opportunities for industry growth.

Asia Pacific led by India, Japan, South Korea, and China feed mycotoxin binders market is poised to surpass USD 45 million by 2024. Strong R&D spending, change in farming techniques and practices and increasing food security should drive regional industry growth. Rapid urbanization and industrialization along with change in consumer food habits towards quality meat products will stimulate industry growth in the region.

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Europe driven by UK, France, and Germany feed mycotoxin binders market may witness significant gains at over 7% up to 2024. Increasing meat & poultry demands from booming food & beverage sector including processed foods, fast food joints and restaurants should drive the regional growth.

Global feed mycotoxin binders market share is moderately concentrated with prominent players including BASF SE, Kemin, Bayer, Alltech, Novus International, Anfotel Nutrition, Virbac Group, Selko, and Bentoli.

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About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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