Global Poultry Feed Mycotoxin Binders and Modifiers Market, By Product Type (Mycotoxin Binders Mycotoxin Modifiers), Source (Inorganic, Organic), Form (Dry, Liquid) – Industry Trends and Forecast to 2029.
Poultry Feed Mycotoxin Binders and Modifiers Market Analysis and Size
The presence of various mycotoxins contaminates animal feed and has a negative impact on animal health. The negative effects could range from reproductive issues and organ damage (liver/kidney) to increased animal susceptibility to infectious diseases. They can also have an impact on the performance of these animals. Mycotoxin detoxifiers are used in animal feed to protect these animals from these negative effects. They are unique to each mycotoxin and must be supplemented in animal feed to mitigate the negative effects of mycotoxins.
Data Bridge Market Research analyses that the poultry feed mycotoxin binders and modifiers market which was growing at a CAGR of 3.70% and a value of USD 2.9 billion in 2021 is expected to reach the value of USD 3.88 billion by 2029 in the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Poultry Feed Mycotoxin Binders and Modifiers Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Mycotoxin Binders Mycotoxin Modifiers), Source (Inorganic, Organic), Form (Dry, Liquid)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Cargill, Incorporated (U.S.), Phibro Animal Health Corporation (U.S.), Perstorp Holding AB (Sweden), ADM (U.S.), BASF SE, (Germany) Bayer AG (Germany), Amlan International (U.S.), Impextraco NV (Belgium) Norel SA (Switzerland), Olmix Group (France) Micron Bio-Systems (U.K.), NOVUS INTERNATIONAL (U.S.) Trouw Nutrition USA, LLC (U.S.) Brenntag AG (Germany)
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Opportunities
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Market Definition
Mycotoxin is an organic or synthetic substance that is added to animal feed in small amounts to kill mycotoxins, thereby preventing and stopping them from entering livestock bloodstreams. This binder material, which includes silicates, clay, yeast, and charcoal, is commonly known as a mycotoxin binders used in livestock. Mycotoxin improves the animal's biological processes and environment while decreasing the animal's reliance on antibiotics.
Global Poultry Feed Mycotoxin Binders and Modifiers Market Dynamics
Drivers
- Rising risk of mycotoxin contamination
Poultry feed mycotoxin binders and modifiers market is expected to grow during the forecast period due to factors such as increased risk of mycotoxin contamination in livestock feed and rising incidences of mycotoxin occurrences in crops.
Rising expansion of animal meat market
The expansion of the animal meat market is driving growth in the global poultry feed mycotoxin binders and modifiers market. According to OECD-FAO statistics, consumption of poultry meat, has been steadily increasing. In 2021, poultry meat consumption reached a record high of 120,884.63 thousand metric tonnes, up from 116,845.36 thousand metric tonnes in 2016. Increased global meat consumption and livestock health concerns have caused the market to consume more mycotoxin detoxifiers. Companies all over the world are heavily invested in the development of binders and bio-transformers that aid in the conversion of toxins into less toxic products.
Opportunity
Factors such as a significant focus on feed safety and livestock health to meet rising meat consumption and strengthened feed demand are enhancing the growth opportunities for using feed mycotoxin binders and modifiers. Another factor providing significant opportunity for growth is the increased emphasis placed on the quality of feed products in these emerging markets. Furthermore, ongoing disease outbreaks in livestock can have an impact on the use and market development of feed mycotoxin binders and modifiers, as regulatory bodies around the world focus on adopting control measures on feeding practises to address feed and, as a result, food safety.
Restraints
However, a lack of awareness among small-scale livestock growers and the widespread use of acidifiers, mould inhibitors, and other feed preservatives as feed additives are among the major factors acting as restraints, while rising unintended consequences of using mycotoxin binders and modifiers will further challenge the growth of the poultry feed mycotoxin binders & modifiers market during the forecast period.
This poultry feed mycotoxin binders and modifiers 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 the poultry feed mycotoxin binders and modifiers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Poultry Feed Mycotoxin Binders and Modifiers Market
As a result of COVID-19, global consumption of meat and other animal products is approaching a trough, while consumer preference for plant-based foods is rapidly increasing. Furthermore, animal products containing no traces of synthetic compounds are expected to grow during the forecast period. As a result, the preference for animal feed containing chemical ingredients, such as feed mycotoxin detoxifiers, is expected to decline over the forecast period.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In March 2020 Olmix Group partnered with the INRAE (National Research Institute for Agriculture, Food, and Environment) to strengthen their position in environmental and animal nutrition and health by developing sustainable and economically viable agricultural food systems.
- In December 2019 Olmix Group continued its global expansion activities and has now opened a new facility in Serbia to assist its customers in addressing livestock challenges such as animal immunity, digestive welfare, and mycotoxin risk management.
- In January 2019 ADM acquired Neovia (France) to expand its product portfolio for livestock and companion animal health products. It would offer premixes, feed ingredients, aquaculture, mycotoxin, and other additives as a result of the acquisition.
Global Poultry Feed Mycotoxin Binders and Modifiers Market Scope
The poultry feed mycotoxin binders and modifiers market is segmented on the basis of product type, source, and form. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Mycotoxin Binders
- Clay
- Bentonite
- Others
- Mycotoxin Modifiers
- Enzymes
- Yeast
- Bacteria
- Others
Source
- Inorganic
- Organic
Form
- Liquid
- Dry
Poultry Feed Mycotoxin Binders and Modifiers Market Regional Analysis/Insights
The poultry feed mycotoxin binders and modifiers market is analysed and market size insights and trends are provided by country, product type, source, and form as referenced above.
The countries covered in the poultry feed mycotoxin binders and modifiers market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the poultry feed mycotoxin binders & modifiers market due to the increased risk of mycotoxin binders and the level of acceptability of mycotoxin binders in animal feed in this region. Due to rising meat and meat product consumption, which promotes animal feed protein, rising industrial livestock production, and rising strong beef and poultry meat exports, Asia-Pacific is expected to be the fastest growing region in terms of feed mycotoxin binders market growth.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact 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.
Competitive Landscape and Poultry Feed Mycotoxin Binders and Modifiers Market Share Analysis
The poultry feed mycotoxin binders and modifiers 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, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to poultry feed mycotoxin binders and modifiers market.
Some of the major players operating in the poultry feed mycotoxin binders and modifiers market are:
- Cargill, Incorporated (U.S.)
- Phibro Animal Health Corporation (U.S.)
- Perstorp Holding AB (Sweden)
- ADM (U.S.)
- BASF SE (Germany
- Bayer AG (Germany)
- Amlan International (U.S.)
- Impextraco NV (Belgium)
- Norel SA (Switzerland)
- Olmix Group (France)
- Micron Bio-Systems (U.K.)
- NOVUS INTERNATIONAL (U.S.)
- Trouw Nutrition USA, LLC (U.S.)
- Brenntag AG (Germany)
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