The major factors driving the feed mycotoxin binders & modifiers market include the increase in demand and consumption of livestock based products, rise in incidences of mycotoxin occurrence in crops, stringent regulations limiting the presence of mycotoxin in feed products, and global increase in the risk of mycotoxin contamination in livestock feed. A further rise in health awareness among consumers is also expected to drive the market. The feed mycotoxin binders & modifiers market is projected to grow from USD 2.5 billion in 2019 to USD 3.0 billion by 2025, at a compound annual growth rate (CAGR) of 3.6% during the forecast period.
Browse 152 market data Tables and 41 Figures spread through 181 Pages and in-depth TOC on "Feed Mycotoxin Binders & Modifiers Market by Type (Binders and Modifiers), Livestock (Poultry, Swine, Ruminants, and Aquatic Animals), Source (Inorganic and Organic), Form (Dry and Liquid), and Region - Global Forecast to 2025"
Asia Pacific is projected to be the fastest-growing region during the forecast period. The market in the region is driven by the presence of a large livestock population and their rising growth. Furthermore, the region has witnessed a significant presence of mycotoxin in crops. Moreover, this region has witnessed an increase in the number of feed mills and feed production, particularly in countries such as India. Additionally, there has been a rise in the demand for meat and meat products, specifically poultry and pork, which is driving the market for feed mycotoxin binders & modifiers in this region.
Key Market Players
The major vendors in the global market are Cargill (US), BASF (Germany), ADM (US), Bayer (Germany), Perstorp (Sweden), Chr. Hansen (Denmark), Kemin (US), Nutreco (Netherlands), Adisseo (France), Alltech (US), Novus International (US), BIOMIN (Austria), Impextraco (Belgium), Norel (Spain), and GLOBAL NUTRITECH (Turkey). These players have broad industry coverage and strong operational and financial strength; they have grown organically and inorganically in the recent past.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
No comments:
Post a Comment