A recent report published by Infinium Global Research on mycotoxin binders market provides an in-depth analysis of segments and sub-segments in the global as well as regional mycotoxin binders market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional mycotoxin binders market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global mycotoxin binders market. According to the report, the global mycotoxin binders market is projected to grow at a CAGR of 5.3% over the forecast period of 2019-2025.
Mycotoxins are a type of chemical substance, which affect the performance of the animals as the pig, poultry, and others. The mycotoxins affect the growth of the animals and hamper the profitability of the livestock farmers. The young and breeding animals are more vulnerable to mycotoxins problems. The mycotoxin binders are substances, which prevents the mycotoxin from being absorbed by the gut and enter the blood. The mycotoxin binders are the most effective measures against molds and mycotoxins. Most time it is not possible by the livestock breeder to check the presence of mycotoxin in the animal feed at a regular interval, hence mycotoxin binders are used as safety measures and assurance to the consumers. The aluminosilicates - clays and zeolites are more commonly used, mycotoxin-binding agents. The good mycotoxin binders tightly bind and immobilize the mycotoxins in the gastrointestinal tract of animals. This process is called adsorption, and it is the most common method used to detoxification of the mycotoxins.
The growing awareness about the better livestock management among the livestock farmers is helping to grow the demand of the mycotoxin binders. Further, the growing demand for animal-based products especially, fur and meat are boosting the demand of mycotoxin binders for the better health management of the livestock. However, the availability of other substitutes as mold inhibitors and antioxidants are obstructing the growth of the mycotoxin binders market. The growing demand for better health management of the livestock in the developing countries is expected to grow the demand of the mycotoxin binders at the high speed.
Geographically, the global mycotoxin binders market is segmented into North America, Europe, Asia-Pacific, and RoW. North America holds the largest market share of mycotoxin binders market, owing to the presence of the several animal feed manufacturing companies in this region and availability of the large pool of livestock farming companies in this region is helping to grow the demand of the mycotoxin binders in this region. Europe is the second largest market of the mycotoxin binders after North America. The Asia-Pacific is expected to grow at the highest CAGR during the forecast period, owing to the growing awareness among the livestock farmers for the better health management of the cattle wealth.
The report on global mycotoxin binders market covers segments such as product, source, and animal type. On the basis of product, the sub-markets include adsorbents, and denaturants. On the basis of source, the sub-markets include organic, and inorganic. On the basis of animal type, the sub-markets include swine, ruminants, poultry, aquatic animals, pets, and equine.
The report provides profiles of the companies in the market such as Alltech, Anpario plc, Kemin Industries, BIOMIN Holding GmbH, Nutreco N.V., Olmix Société Anonyme, Novus International, Inc., Bayer AG, E. I. du Pont de Nemours and Company, and Syngenta International AG.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of mycotoxin binders market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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