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The Global Feed Mycotoxin Binders & Modifiers Market size is projected to grow from USD 2.5 billion in 2019 to USD 3.0 billion by 2025, at a CAGR of 3.6% during the forecast period. Access full report spread across 181 pages, profiling 15 companies and supported with tables and figures is now available @ https://www.reportsnreports.com/purchase.aspx?name=1155068
“The Yeast Sub Segment of the mycotoxin modifiers market is projected to be the fastest-growing, in terms of value.”
The Demand for yeast has increased as these are environmentally friendly and do not produce any toxic residue afterward. Furthermore, they are effective against a wide range of mycotoxins. Thus far, the only species of yeast that has been thoroughly researched and utilized on a commercial scale is Trichosporon mycotoxinivorans.
Mycotoxin Binders & Modifiers are used in the dry form, as they mix readily with the feed ingredients and are easy to store. Moreover, in the dry form, dosage can be more accurately measured by livestock growers in comparison with the liquid form.
“Asia Pacific is projected to be the fastest-growing region in the feed mycotoxin binders & modifiers market, in terms of value.”
The Market in Asia Pacific is projected to be the fastest-growing, due to large livestock population and their increasing growth rate. Furthermore, increasing government regulation to control mycotoxin level in feed, due to rising concerns over food safety is expected to drive the market. Additionally, there has been an increase in the production as well as consumption of meat products in the region, particularly of chicken and pork that is expected to fuel the feed mycotoxin binders & modifiers market in the Asia Pacific region.
Breakdown of primary participants’ profile:
- By Company Type: Tier 1: 18%, Tier 2: 36%, and Tier 3: 46%
- By Designation:C-level:30%, D-level: 20%, and Managers: 50%
- By Region: North America: 18%, Europe: 27%, Asia Pacific: 37%, and RoW: 18%
- Analyzing the value chain, products, and regulatory frameworks across key regions and their impact on the prominent market players
- Determining and projecting the size of the feed mycotoxin binders & modifiers market, with respect to type, livestock, form, source, and regional markets, over a six-year period ranging from 2019 to 2025
- Identifying attractive opportunities in the market by determining the largest and fastest-growing segments across regions
- Providing detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- Analyzing the micromarkets, with respect to individual growth trends, future prospects, and their contribution to the total market
- Identifying and profiling key market players in the feed mycotoxin binders & modifiers market
- Understanding the competitive landscape and identifying the major growth strategies adopted by players across the key regions
- Providing insights into key product innovations and investments in the feed mycotoxin binders & modifiers market
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#Key Players- Cargill (US), BASF (Germany), ADM (US), Bayer (Germany), Perstorp (Sweden), Novus (US), BIOMIN (Austria), Impextraco (Belgium), Norel (Spain), Chr. Hansen (Denmark), Nutreco (Netherlands), Kemin (US), Adisseo (France), GLOBAL Nutritech (Turkey), and Alltech (US).