From a geographical standpoint, currently Asia Pacific excluding Japan leads the global mycotoxin binders market. The market in the region is primarily powered by China.
Albany, NY -- (SBWIRE) -- 10/12/2017 -- According to a new study, the rapid pace of urbanization and the consequent change in food habits of people has led to the increased demand for meat and poultry products worldwide. This has necessitated the reduction in feed wastage of livestock animals. With high amounts of insect and fungi infestation, essential nutrients are lost in the animal feed. In that case, mycotoxin binders are added to those to prevent the animals from ingesting toxins from the contaminated feed. This, in turn, has generated more demand for feed mycotoxin binders globally. Market Research Hub (MRH) has freshly announced the inclusion of a study to its vast repository, which is titled as "Mycotoxin Binders Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022", and offers comprehensive evaluation of the market and estimates the market size of mycotoxin binders for 2017 and forecast for the next six years, by focusing on some prime regions. The chapter on regional outlook of the market sheds light on the performance and contribution of major regions such as North America, APAC, Latin America, MEA and Europe.
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Mycotoxin is an element commonly found in animal feed that essentially disrupts the digestive process. This can lead to potential malnutrition over the long run or even premature death. Therefore, mycotoxin binders are applied with the aim to reduce the toxic effects of mycotoxins in animals. The inclusion of mycotoxin binders, such as Zeolite, allows toxins to be bound from the feed once the feed is ingested. Additionally, in this way, they help to enhance the quality of the meat and also cater to the increasing demand for organic meat.
In the first part, the market overview section of the report explores the market dynamics such as drivers, restraints and opportunities that currently have a strong impact on the mycotoxin binders market and how it could influence the market in the near future. It has been analyzed that, with a high degree of infestations occurring in regions where contamination was previously negligible, global food and feed supply chain will encounter more modified mycotoxins and an overall increase in occurrences. This is expected to prove favorable to the market for mycotoxin binders as well. As per the study key highlights, the global mycotoxin binders market will anticipate rising at a healthy 9.7% CAGR from 2017 to 2025, and projected to become worth US$387.4 mn by 2025 from US$184.1 mn by the end of 2017.
Moreover, the research highlights overall information of the global market with respect to the leading market segments based on type, animal type and regions. Based on the product type, mycotoxin binders market is segmented into raw clays, zeolites and other treated aluminosilicates, polysaccharides and other materials. On the basis of animal category, mycotoxin binders market is segmented into swine, poultry, ruminant, aqua, pets, equine, and others. From a geographical standpoint, currently Asia Pacific excluding Japan leads the global mycotoxin binders market.
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Further, in order to provide users of this report with a comprehensive view of the market, analysts have included detailed competitiveness analysis along with market key players and strategic overview. Some of the major companies operating in the Global Mycotoxin Binders Market are BASF, Syngenta International, E.I. du Pont, Kemin Industries, Bayer, Nutreco, Impextraco, Novus International, Cargill, and Biomin. These leading companies are pouring money into research and development of new and better products, which is also a prime factor contributing towards market growth.
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