Feed Mycotoxin Binders Market Assessment and Opportunity Forecast till 2028

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Feed Mycotoxin Binders Market Size to Cross USD
290 Mn by 2028
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Overview of Feed Mycotoxin Binders Market

• The feed mycotoxin binders industry size is
  projected to expand significantly by 2028 on
  grounds of the rising meat and poultry
  consumption and growing risk from mycotoxin
  contamination in animal feed. As per reliable
  estimates, the world consumes about 350 million
  tons of meat annually. Moreover, the global meat
  consumption is predicted to grow between 460
  million and 570 million tons by 2050 end.
• Mycotoxin binders are feed additives responsible
  for binding the mycotoxins produced by
  microorganisms. These are perceived to affect the
  animal performance and avert them from getting
  absorbed in the gut and blood circulation.
• The feed mycotoxin binders industry is classified
  by products, livestock, and regions. Considering
  the product bifurcation, the market is divided
  into bentonite, HSCAS, polysaccharides, zeolites,
  and others. Out of these, the polysaccharides
  market share is projected to be worth 30 million
  by 2028. Moreover, the Europe and North American
  continents have greater implementation of
  polysaccharides into the feed additive industry,
  which could push the segment to grow at a rate of
  7.5 over the forecast period.

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• The feed mycotoxin binders market share from
  other products segment would depict a CAGR of
  5.5 through 2028.
• The market is divided into poultry, swine,
  aquaculture, equine, ruminants, and others.
  Amongst these, the ruminants market share, that
  include domesticated livestock animals like
  cattle, goats, deer, and sheep, is poised to
  expand at a rate of 9.5 over the foreseeable
  timeframe on back of the advanced nutritive
  requirements by feed producers.
• The equine market size, across the feed mycotoxin
  binder industry, surpassed USD 2.5 million in
  2020 and is estimated to grow at a rate of 7.3
  over the up to 2028. The others segment includes
  camels, birds, and small ruminants, amongst
  others.
• The industry is diversified into Europe, North
  America, Asia Pacific, Middle East and Africa,
  and Latin America. The Latin America feed
  mycotoxin binders market would seize a market
  share of 14 in the near future impelled by beef
  and poultry meat consumption as well as exports
  in the region. As per FAO statistics, Latin
  America and the Caribbean produce a little over
  23 of buffalo and beef meat and 21.4 of poultry
  at global level.

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• The Middle East and Africa feed mycotoxin binders
  market would record a CAGR of 7.9 through 2028,
  stimulated by the surging poultry, ruminant
  production and processing industries in leading
  regional countries. According to reliable
  estimates, the demand for poultry is relatively
  high in South Africa, reaching 2 million tons
  almost every year.
• Notable participants in the Feed Mycotoxin
  Binders market include BASF SE, Selko B.V,
  Vetline, Kemin Industries Inc., BIOMIN Holding
  GmbH, Alltech Inc., Vibrac, and Novus
  International Inc.

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