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Feed Mycotoxin Binders Market Growth Outlook 2024: Alltech, Biomin, Bentoli and Kemin

Feed Mycotoxin Binders Market demand is propelled by growing demand for protein rich meat source like poultry, swine and ruminants along with rising animal health awareness.


Sellbyville, DE -- (SBWIRE) -- 05/17/2019 -- Global Market Insights, Inc. presents an extensive report on Feed Mycotoxin Binders Market that offers qualitative information about prevailing trends and a detailed analysis of the growth trajectory of this industry. It also includes a study of the historical data and detailed statistics that will help determine the future scope of the industry in terms of commercialization opportunities.

Increasing meat products consumption with consumer preferences towards healthy and safe food should drive feed mycotoxin binders market. Increasing incidences of diseases in livestock including bird and swine flu caused by contaminated ingredients and unfavorable living environment should boost industry growth.

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Increasing protein rich meat sources demand including swine, ruminants and poultry along with rising animal health awareness should drive feed mycotoxin binders market demand. They prevent contamination in animal diet and reduce toxic effects in animals is likely to propel product demand. Strict governmental norms by health & safety agencies towards standardizing meat products to protect consumer from swine & bird flu disease outbreaks should drive feed mycotoxin binders market.

Bentonite mycotoxin binders market is poised to surpass USD 120 million by the end of 2024 due to its improved pellet quality, feed efficiency, flowability, and production rate. Properties such as irreversibility, high adsorption capacity, specificity and safety provided upon consumption of these products should promulgate feed mycotoxin binders market demand.

Zeolite mycotoxin binders market may witness strong gains at over 6.5% during forecast timeframe owing to non-toxicity, organic characteristics, and its natural occurrence along with ability to decrease odors from spoiled grains in enclosed animal facilities. Also, reduces chances of livestock suffering from acidosis, scours, enteritis, and diarrhea.

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Feed mycotoxin binders market from poultry applications may witness significant gains at over 8.5% over the forecast timeline owing to increasing meat consumption rates and drive for healthy and safe feed. Increasing bird flu disease in poultry industry caused by toxic food substances may influence industry growth.

Natural organic binders provide an effective way of detoxifying mycotoxins in livestock feed. These microorganisms control secondary metabolites formation by bio-transforming into lowered toxic metabolites. They act in intestinal tract of animals prior to absorption of secondary metabolites.

Bentonite mycotoxin binders industry size will witness strong gains surpassing USD 125 million at the end of 2024 due to its inherent attributes for high feed efficiency, adsorption capacity and productivity. They reduce secondary metabolites bioavailability along with ability to prevent harmful impacts on intestinal tract.

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Germany feed mycotoxin binders market size from ruminant applications should generate revenues surpassing USD 2 million by end of 2024. Prevalent government initiatives towards animal welfare coupled with increasing livestock population should propagate product demand. Growing demand for red meat in Europe should strengthen product demand.

Feed mycotoxin binders market size from swine consumption should emit significant growth rates during projected timeframe. This growth can be attributed to increase in meat consumption rates due to protein intake. Swine are prone to pathogenic attacks which can be reduced by offering high quality & safe feeds thus complimenting product demand.

Global feed mycotoxin binders industry share is competitive & moderately fragmented and some of the market players include Alltech, Biomin, Bentoli and Kemin. These industry participants focus on reinforcing their regional presence expanding their manufacturing capacity. They adopt strategies like acquisition, mergers and partnerships to expand their product & technology portfolio.

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