Europe Mycotoxin Binders Market Segmentation, By Product Type (Adsorbents, Denaturants), Nature (Organic, Inorganic), Type of Animal (Companion Animals, Livestock, Aquatic Animals), Form (Dry, Liquid) - Industry Trends and Forecast to 2031.
Europe Mycotoxin Binders Market Size
Europe mycotoxin binders market size was valued at USD 73.05 million in 2023 and is projected to reach USD 136.21 million by 2031, with a CAGR of 8.1% during the forecast period of 2024 to 2031.
Report Scope and Market Segmentation
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Attributes
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Mycotoxin Binders Key Market Insights
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Segmentation
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By Product Type: Adsorbents, Denaturants
By Nature: Organic, Inorganic
By Type of Animal: Companion Animals, Livestock, Aquatic Animals
By Form: Dry, Liquid
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Countries Covered
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Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands and Rest of Europe
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Key Market Players
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Phibro Animal Health Corporation, Perstorp Holding AB, Zoetis, ADM, BASF SE, Adisseo, Bayer AG, Alltech, Impextraco NV, Norel Animal Nutrition, Olmix Group, NOVUS INTERNATIONAL, Kemin Industries, Inc., Cargill, Incorporated,"Trouw Nutrition USA, LLC", Brenntag AG
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Mycotoxin Binders Market Definition
Mycotoxin binders are compounds that bind to mycotoxins and keep them from getting into the intestines and the bloodstream. The use of mycotoxin binders is when the animal feed is for mould prevention and for the safety of bad enzymes. For better protection of all animal types the mycotoxin should be screened routinely for feed and meat.
Europe Mycotoxin Binders Market Dynamics
Increasing demand of waterproof materials for packaging are the factors driving the market growth, whereas potential effects of climatic changes and difficulty in handling and storage of mycotoxin binders may hamper the market growth in the forecast period.
Europe region is dominating due to the high population in countries such as China and India which boosts the demand of animal feed in the market.
This mycotoxin binders market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Mycotoxin binders market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Europe Mycotoxin Binders Market Scope
Mycotoxin binders market is segmented on the basis of product type, nature, type of animal, and form. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Product Type
- Adsorbents
- Denaturants
Nature
- Organic
- Inorganic
Type of Animal
- Companion animals
- Livestock
- Aquatic animals
Form
- Dry
- Liquid
Europe Mycotoxin Binders Market Regional Analysis
Mycotoxin binders market is analyzed and market size information is provided product type, nature, type of animal and form as referenced above.
The countries covered in the mycotoxin binders market report are Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands and Rest of Europe.
Germany is dominating in Europe due to the increasing demand of acute and chronic toxicity in the various foodstuffs in the animal feed, therefore to enhance the quality of feed product and to reduce the amount of toxin in the feed. The U.K. is dominating in the Europe market because of the growing demand for meat products. And France is growing in the market because of the growing demand for adsorbents.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Mycotoxin Binders Market Share
Mycotoxin binders market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to mycotoxin binders market.
Mycotoxin Binders Market Leaders Operating in the Market Are:
- Phibro Animal Health Corporation
- Perstorp Holding AB
- Zoetis
- ADM
- BASF SE
- Adisseo
- Bayer AG
- Alltech,
- Impextraco NV
- Norel Animal Nutrition
- Olmix Group
- NOVUS INTERNATIONAL
- Kemin Industries, Inc.
- Cargill
- Incorporated
- Trouw Nutrition USA, LLC
- Brenntag AG
Latest Developments in Mycotoxin Binders Market
- In September 2019, Kemin Nutrisurance, the operating unit of Kemin Industries, launched its newly built 5,000-square-metre manufacturing plant in Vargeão, Brazil. The USD 6 million expansion raises the raw material capability of the plant by 900 per cent and the finished goods stock by 1,500%, enabling Kemin, a global supplier of ingredients that aims to sustainably improve the quality of life of 80% of the world with its products and services, to reach more consumers in South America and across the globe.
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