Feed Mycotoxin Binders and Modifiers Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030
Feed Mycotoxin Binders and Modifiers Market: Market Segments: By Type (Lignosulfonates, Plant gums & starches, Gelatin & other hydrocolloids, Molasses, Clay and Other); By Livestock (Ruminants, Poultry, Swine, Aquatic animals, Pets and Equine); and Region – Global Analysis by Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2030
Product Overview
Mycotoxins can be particularly toxic to humans as well as animals and can be the cause of different medical conditions. The feed binders & modifiers for mycotoxin function in the feed as mycotoxin detoxifying agents. They are used as feed additives and help to reduce mycotoxin bioavailability in feed. Large molecular weight compounds that can bind with the mycotoxins are binders.
Market Highlights
Feed Mycotoxin Binders and Modifiers Market is expected to project a notable CAGR of 3.5% in 2030.
Feed Mycotoxin Binders and Modifiers Market to surpass USD 3.7 billion by 2030 from USD 1.8 billion in 2019 at a CAGR of 3.5% throughout the forecast period, i.e., 2020-30. Due to driving factors such as growing incidences of mycotoxin occurrence in crops and increased risks of mycotoxin contamination in livestock feed, the feed mycotoxin binders & modifiers market is expected to rise in the forecast period.
Feed Mycotoxin Binders and Modifiers Market: Segments
Feed mycotoxin binders’ segment to grow with the highest CAGR during 2020-30
Feed Mycotoxin Binders and Modifiers Market is segmented by type into Feed mycotoxin binders, Feed mycotoxin modifiers. Feed Mycotoxin Binders and Modifiers, led the market in 2019, accounting for XX.X% of market share. The feed mycotoxin binders & modifiers market was dominated by the clay subtype. The most commonly used mycotoxin binder in the feed industry is Clay. Aluminate and silicate clay minerals are highly commercialized binders due to increased customer awareness of their advantages, which is driving their development in the market.
Feed Mycotoxin Binders and Modifiers Market: Market Dynamics
Drivers
Rise in incidences of mycotoxin occurrence in crops
Frequency of disease outbreaks is on the rise because of them. Both developed or emerging regions in the world are vulnerable to the adverse effects of these mycotoxins. Therefore, mycotoxin binders & modifiers are expected to be used by livestock growers to improve the health and prosperity of livestock and to achieve maximum livestock efficiency. The growth of the feed binder industry is due mainly to the expansion of the market for animal meat.
Restrain
lack in awareness among the small-scale livestock growers
Most livestock producers do not consider mycotoxin binders and modifiers as essential feed additives and prefer to use other feed additives such as mould inhibitors, acidifiers and other feed preservatives to enhance livestock feed in order to extend feed shelf life and improve livestock health and wealth.
Feed Mycotoxin Binders and Modifiers Market: Key Players
• Archer Daniels Midland Company
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence and SWOT Analysis.
• BASF SE
• BIOMIN Holding GmbH
• Cargill, Incorporated
• Kemin Industries, Inc.
• Novus International
• Nutreco N.V.
• Nutriad
• Perstorp Holding
Feed Mycotoxin Binders and Modifiers Market: Regions
Feed Mycotoxin Binders and Modifiers Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.
Feed Mycotoxin Binders and Modifiers Market in Asia Pacific held the largest market share of XX.X% in the year 2019 the consumption rate of meat products in East Asia had witnessed rapid growth. The ban on the use of antibiotics as a growth promoter in the livestock sector in the European and North American countries has however, indirectly affected the countries of the Asia Pacific region. This has prompted main feed additives businesses to produce natural growth promoters and health supplements. After the ban, creative ways of encouraging animal development by products with similar benefits have been found by livestock producers by replacing antibiotic growth promoters with microbial feed additives that have antibiotic properties.
Feed Mycotoxin Binders and Modifiers Market report also contains analysis on:
Feed Mycotoxin Binders and Modifiers Market Segments:
By Type:
• Feed mycotoxin binders
o Clay
o Bentonite
o Others
• Feed mycotoxin modifiers
o Enzymes
o Yeast
o Bacteria
o Others
By Livestock:
• Ruminant
• Poultry
• Swine
• Aquaculture
• Pets
• Horses
• Others
• Feed Mycotoxin Binders and Modifiers Market Dynamics
• Feed Mycotoxin Binders and Modifiers Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints
FAQs on Feed Mycotoxin Binders Market
· Which segment is anticipated to hold the largest market share
· At what CAGR is the market anticipated to grow between 2020 and 2030
· Who are the key players in the Feed Mycotoxin Binders Market
· What could be the challenging factors in the growth of Feed Mycotoxin Binders Market
· What are the growth drivers for the Feed Mycotoxin Binders Market
Contents
1. Executive Summary
2. Feed Mycotoxin Binders and Modifiers Market
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. Research Methodology
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
6. Market Dynamics
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. Correlation & Regression Analysis
7.1. Correlation Matrix
7.2. Regression Matrix
8. Recent Development, Policies & Regulatory Landscape
9. Risk Analysis
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. Feed Mycotoxin Binders and Modifiers Analysis
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. Feed Mycotoxin Binders and Modifiers Market
11.1. Market Size & forecast, 2019A-2030F
11.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11.1.2. By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12. Feed Mycotoxin Binders and Modifiers: Market Segmentation
12.1. By Regions
12.1.1. North America:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.2. Europe:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.3. Asia-Pacific:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.4. MEA:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.5. Latin America:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2. By Type: Market Share (2020-2030F)
12.2.1. Feed mycotoxin binders, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2.2. Feed mycotoxin modifiers, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3 By livestock: Market Share (2020-2030F)
12.3.1. Ruminants, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.2. Poultry, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.3. Swine, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.4. Aquatic animals, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.5. Pets, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
13. Company Profile
13.1.1. Archer Daniels Midland Company.
13.1.2. Company Overview
13.1.3. Company Total Revenue (Financials)
13.1.4. Market Potential
13.1.5. Global Presence
13.1.6. Key Performance Indicators
13.1.7. SWOT Analysis
13.1.8. Product Launch
13.2. BASF SE
13.3. BIOMIN Holding GmbH
13.4. Cargill, Incorporated
13.5. Kemin Industries, Inc.
13.6. Novus International
13.7. Nutreco N.V.
13.8. Nutriad
13.9. Perstorp Holding AB
14 Consultant Recommendation
**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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