The growing prevalence of livestock contamination with mycotoxin is an important factor which increases the demand of ruminants feed mycotoxin binders and modifiers and eventually enhances the market growth for the driving the market for feed mycotoxin binders and modifiers. Moreover, the “Inorganic” is expected to be the fastest growing source segment during the forecast period because they are easy to handle and store and inexpensive and in nature in comparison to organic products. The efficiency of these inorganic binders depend on the binding properties such as polarity and solubility of the binders.
According to Data Bridge Market Research the Ruminants Feed Mycotoxin Binders and Modifiers Market is expected to grow with a CAGR of 4.30% in the forecast period of 2022 to 2029.
“Increasing Threats of Mycotoxin Contamination in Livestock Feed”
Increasing threats of mycotoxin contamination in livestock feed are considerably contributing to the growth of the market during the forecast period. Mycotoxins are very harmful secondary metabolites produced naturally by fungi that grow on several farm commodities. Mycotoxins lessen the growth rate of young animals and impair immunologic response at low concentration and making the livestock more susceptible to infection. For instance, as per the analysis report of US-based animal health company, named Alltech, out of 1,200 samples of grass silage, triticale, straw, barley, corn, corn silage, wheat, alfalfa haylage, and whole crop silage from different nations, normal of 4.34 mycotoxins were detected, with 98.5 percent samples containing at least 1 mycotoxin and 86.1 percent samples containing 2 or more than 2 mycotoxins. Thus, the increased risk of mycotoxin contamination in livestock feed is expected to drive growth of the market.
What restraints the growth of Ruminants Feed Mycotoxin Binders and Modifiers Market?
“Lack of awareness and dearth of improvised management practices”
Dearth of awareness among small scale livestock growers and growing utilization of acidifiers, mold inhibitors and other feed preservatives in feed additives will hamper the market’s growth rate during the forecast period. Furthermore, the lack of unplanned mushroom farm management practices will pose a biggest and foremost challenge to the market growth which will hamper the overall growth of the ruminants feed mycotoxin binders and modifiers market during the forecast period.
Segmentation: Of Ruminants Feed Mycotoxin Binders and Modifiers Market
The ruminants feed mycotoxin binders and modifiers market is segmented on the basis of type, livestock and source and form.
- On the basis of type, the ruminants feed mycotoxin binders and modifiers market is segmented into mycotoxins binders, mycotoxin modifiers.
- Based on livestock, the ruminants feed mycotoxin binders and modifiers market is segmented into calves, dairy cattle, beef cattle, others.
- On the basis of source, the ruminants feed mycotoxin binders and modifiers market is segmented into inorganic, organic.
- On the basis of form, the ruminants feed mycotoxin binders and modifiers market is segmented into dry, liquid.
Regional Insights: North America is expected to dominate the Of Ruminants Feed Mycotoxin Binders and Modifiers Market
North America is expected to dominate the market and is expected to grow significantly owing to the increasing adoption of a stringent regulatory framework for mycotoxin threshold level in this region. Furthermore, growing cognizance regarding the security and safety of mycotoxin binders and modifiers among people will further increase the growth of the market in this region,
- In addition, the Europe region is likely to register highest growth rate during the forecast period of 2022 to 2029 high to the large livestock population and increasing government policies and rules to regulate the level of mycotoxin in the feed. Furthermore, there has been a significant growth in the consumption and production of meat, especially chicken and pork in the Asia Pacific region is anticipated to surge the market demand in this region.
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Recent Developments in of Ruminants Feed Mycotoxin Binders and Modifiers Market
- In 2021, Biomin, an Austria-based feed additive and animal nutrition company, launched Mycofix Plus 5.Z with ZENzyme. This is all-in-one and innovative feed additive next-generation mycotoxin risk management solution for upbringing animals and their offspring. ZENzyme degrades mycotoxin zearalenone fast and irreversibly into non-estrogenic metabolites.
- In 2022, AB Agri, a US-based manufacturer of feed additives and animal feed, acquired Greencoat Limited, a UK-based animal feed additives manufacturing company for an undisclosed amount. With this acquisition, AB Agri intended to increase the international animal nutrition industry into new areas.
The Prominent Key Players Operating in the Of Ruminants Feed Mycotoxin Binders And Modifiers Market Include:
- Cargill, Incorporated (U.S.)
- Bayer AG (Germany)
- BASF SE (Germany)
- Archer Daniels Midland Company (U.S.)
- ADM (U.S.)
- Perstorp (Sweden)
- Novozymes (Denmark)
- Chr. Hansen Holding A/S (Denmark)
- Dupont (U.S.)
- Lallemand Inc (Canada)
- DSM (Netherlands)
- Nutreco (Netherlands)
- Kemin Industries Inc. (U.S.)
- Novus International (U.S.)
- Adisseo (France)
- Alltech (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list Of Ruminants Feed Mycotoxin Binders and Modifiers Market companies contact, https://www.databridgemarketresearch.com/ar/reports/global-ruminants-feed-mycotoxin-binders-and-modifiers-market
Research Methodology: Global Ruminants Feed Mycotoxin Binders and Modifiers Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
