Industry Background:
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. Amid the spread of the Covid-19 pandemic, the demand for meat products fell sharply, due to health concerns in the countries. Thus the production levels and prices of the products fell simultaneously. Regions such as Europe and North America recorded losses of their feed businesses. China suspended the operation of 5 of its Brazilian swine meat processing units, as confirmed by the US National Pork Producers Council (NPPC). It also carried out similar operations in the European region and US, in order to prevent the second wave of Coronavirus in China. Such scenarios have created a situation of instability in the markets and further the logistics and supply chain briers are acting as barriers to smooth flow of operations.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Cargill (United States), BASF (Germany), ADM (United States), Bayer (Germany), Perstorp (Sweden), Chr. Hansen (Denmark), Kemin (United States), Nutreco (Netherlands), Adisseo (France) and Alltech (United States) |
According to AMA, the market for Feed Mycotoxin Binders and Modifiers is expected to register a CAGR of 3.2% during the forecast period to 2030. This growth is primarily driven by The rise in incidences of mycotoxin occurrence in crops and Growing shift towards natural growth promoters.
Globally, a noticeable market trend is evident The rising focus on animal health will also enhance market growth
The Consumer Goods sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Cargill (United States), BASF (Germany), ADM (United States), Bayer (Germany), Perstorp (Sweden), Chr. Hansen (Denmark), Kemin (United States), Nutreco (Netherlands), Adisseo (France) and Alltech (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
In September 2023, Kemin Industries Inc. releases a new study that shows its mycotoxin binder, Blended Toxin Adsorbents (BTA), can reduce the negative effects of mycotoxins on poultry performance.
Influencing Trend:
The rising focus on animal health will also enhance market growth and The advancement in the agricultural practices and stringent regulation by the government to maintain the quality of livestock’s and crops
Market Growth Drivers:
The rise in incidences of mycotoxin occurrence in crops and Growing shift towards natural growth promoters
Challenges:
Unintended consequences of using mycotoxin binders & modifiers
Restraints:
The prominent usage of mold inhibitors, acidifiers, and other feed preservatives as feed additives and lack of awareness among the small-scale livestock growers
Opportunities:
Strong growth opportunities in poultry and aquafeed sectors in emerging markets of the Asia Pacific and South America even though the minor set-backs of Covid- 19.
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Feed Mycotoxin Binders and Modifiers Market
- Analysis about New Entrants in Feed Mycotoxin Binders and Modifiers Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Feed Mycotoxin Binders and Modifiers Study Sheds Light on
The Feed Mycotoxin Binders and Modifiers Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Feed Mycotoxin Binders and Modifiers industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Feed Mycotoxin Binders and Modifiers industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.