The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s feed mycotoxin binders and modifiers market report forecasts the feed mycotoxin binders and modifiers market size to grow to $2.96 Billion by 2027, with a CAGR (compound annual growth rate) of more than 4%.

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Feed Mycotoxin Binders And Modifiers Market Size Forecast
The global feed mycotoxin binders and modifiers market is expected to grow from $2.36 billion in 2022 to $2.48 billion in 2023 at a compound annual growth rate (CAGR) of 5.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The feed mycotoxin binders and modifiers market size is expected to grow to $2.96 billion in 2027 at a CAGR of 4.5%.

North America held the largest feed mycotoxin binders and modifiers market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Feed Mycotoxin Binders And Modifiers Market Driver ­– Increase In Risks Of Mycotoxin Contamination In Livestock Feed
For instance, according to an analysis report from a US-based animal health company, Alltech, out of 1,200 samples of barley, corn, corn silage, wheat, grass silage, triticale, straw, alfalfa haylage, and whole crop silage from different countries, an average of 4.34 mycotoxins were detected, with 98.5% samples containing at least 1 mycotoxin and 86.1% samples containing 2 or more mycotoxins. Therefore, the increased risk of mycotoxin contamination in livestock feed is driving the mycotoxin binders and modifiers market.

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Key Feed Mycotoxin Binders And Modifiers Market Trend – Product Innovation
Major companies operating in the feed mycotoxin binders and modifiers sector are focused on developing new technological and innovative solutions to strengthen their position in the market. For instance, in March 2021, Biomin, an Austria-based animal nutrition, and feed additive company launched Mycofix Plus 5.Z with ZENzyme, an innovative, all-in-one feed additive next-generation mycotoxin risk management solution for breeding animals and their offspring. ZENzyme is a purified enzyme that degrades mycotoxin zearalenone (ZEN) fast and irreversibly into non-estrogenic metabolites.

Feed Mycotoxin Binders And Modifiers Market Segment
1) By Type: Feed Mycotoxin Binders, Feed Mycotoxin Modifiers
2) By Source: Inorganic, Organic
3) By Livestock: Poultry, Swine, Ruminants, Aquatic Animals, Other Livestocks

Feed Mycotoxin Binders And Modifiers Market Major Players and Strategies
Major players in the feed mycotoxin binders and modifiers market are Cargill Incorporation, BASF SE, The Archer-Daniels-Midland Company, Bayer AG, Perstorp AB, Novus International Inc., Biomin Singapore Pte Ltd., Impextraco NV, Nutreco Corporate, Kemin Industries, Bluestar Adisseo Co, Global Nutritech Biotechnology Company, Alltech, Amlan International, Olmix Group, Selko B.V, Micron Bio Systems company, SibbiopharM Ltd., Anfotal Nutritions Private Limited, FF Chemicals B.V., Visscher Holding B.V., Bentoli Inc., Bonaventure Animal Nutrition, and Nutriad Ltd.

In July 2022, AB Agri, a US-based manufacturer of animal feed and feed additives acquired Greencoat Limited for an undisclosed amount. Through this acquisition, AB Agri aimed to expand the international animal nutrition business into new areas. Greencoat Limited is a UK-based animal feed additives manufacturing company.

The Feed Mycotoxin Binders And Modifiers Global Market Report 2023 covers regional data on feed mycotoxin binders and modifiers market size, feed mycotoxin binders and modifiers market trends and drivers, opportunities, strategies, and feed mycotoxin binders and modifiers market competitor analysis. The countries covered in the feed mycotoxin binders and modifiers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The feed mycotoxin binders and modifiers are feed additives that are added to feed to prevent mycotoxins absorption through the gut and entry into the bloodstream. These are used to trap mycotoxins, keeping them from entering the bloodstream and causing catastrophic injury to animals. The ultimate purpose of feeding mycotoxin binders and modifiers is to prevent serious harm to animals.

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