How Has The Poultry Feed Mycotoxin Binders And Modifiers Market Size Evolved Historically?
The poultry feed mycotoxin binders and modifiers market has seen considerable growth due to a variety of factors.
•The size of the market for mycotoxin binders and modifiers in poultry feed has been experiencing consistent growth over the years. Its size is projected to increase from $3.13 billion in 2024 to $3.23 billion in 2025, indicating a compound annual growth rate (CAGR) of 3.1%.
The growth observed during the historic period is a result of factors like the increase in cloud-native applications, cost-effectiveness, scalability, the global expansion of business, and enhancements in agility, flexibility, and security.
What Will Be The Poultry Feed Mycotoxin Binders And Modifiers Market Size In The Future?
The poultry feed mycotoxin binders and modifiers market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for mycotoxin binders and modifiers in poultry feed is projected to exhibit consistent growth in the upcoming years, ballooning to "$3.86 billion in 2029 with a compound annual growth rate (CAGR) of 4.5%.
The anticipated growth during the forecast period can be ascribed to factors such as regulatory compliance measures, advancements in quantum computing, improvements in cybersecurity, the expansion of serverless computing, and efforts toward environmental sustainability. The key trends to be noted in this period include the use of multiple cloud strategies, hybrid cloud services, serverless computing paired with containerization, solutions for connecting edge to cloud, and strategies aimed at cost optimization.
What Are The Key Drivers Fueling Growth In The Poultry Feed Mycotoxin Binders And Modifiers Market?
The upward trend in meat consumption is anticipated to fuel the advancement of the poultry feed mycotoxin binders and modifiers market. When we talk about meat, we are referring to the edible parts or flesh of an animal. Fillers and modifiers for poultry feed mycotoxins contribute to neutralizing the impacts of harmful substances that poultry can ingest, rendering them safer for consumption. For example, the Food and Agriculture Organization (FAO), a specialist agency of the United Nations based in Italy, predicted that by 2032, poultry meat consumption will achieve 91 million tons, showing a rise of 15% in the upcoming decade from 2024. Consequently, escalating meat consumption will fuel the growth of the market for poultry feed mycotoxin binders and modifiers.
What Are The Principal Market Segments In The Global Poultry Feed Mycotoxin Binders And Modifiers Industry?
The poultry feed mycotoxin binders and modifiers market covered in this report is segmented –
1) By Product Type: Mycotoxin Binders, Mycotoxin Modifiers
2) By Source: Organic, Inorganic
3) By Form: Liquid, Dry
Subsegments:
1) By Mycotoxin Binders: Clay-Based Binders, Silicate-Based Binders, Activated Charcoal Binders, Other Natural Binders
2) By Mycotoxin Modifiers: Enzyme-Based Modifiers, Chemical Modifiers, Biological Modifiers, Other Modifiers
Pre-Book The Poultry Feed Mycotoxin Binders And Modifiers Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
Which Emerging Market Trends Are Altering The Poultry Feed Mycotoxin Binders And Modifiers Sector?
In the poultry feed mycotoxin binders and modifiers market, technological innovation is a major trend. Major players in this market are introducing new and creative technologies as a means to consolidate their market position. As an example, in August 2024, DSM-Firmenich Animal Nutrition and Health, a company based in the Netherlands that emphasizes nutrition, health and sustainable living, revealed that the Canadian Food Inspection Agency (CFIA) gave the green light to a unique enzyme, fumonisin esterase, that assists swine and poultry producers in managing mycotoxins in feed. The firm will release a fresh product that contains fumonisin esterase called Mycofix®FUMzyme to be used in swine and poultry diets in Canada.
Who Are the Key Players in the Poultry Feed Mycotoxin Binders And Modifiers Market?
Major companies operating in the poultry feed mycotoxin binders and modifiers market include:
• Cargill Incorporated
• Phibro Animal Health
• Perstorp Holding AB
• Archer-Daniels-Midland Company
• BASF SE
• Bayer AG
• Amlan International
• Impextraco
• Olmix Group
• Micron Bio-Systems Ltd.
• Novus International Inc.
• Trouw Nutrition USA LLC
• Brenntag SE
• Norel Animal Nutrition
• Adisseo France SAS
• Global Nutritech Co. Ltd.
• Chr. Hansen Holding A/S
• Nutreco N.V.
• BIOMIN Holding GmbH
• Kemin Industries Inc.
• Alltech Inc.
• Anpario plc
• Avitech Nutrition Pvt. Ltd.
• Biofeed Solutions Inc.
• Evonik Industries AG
• Biovet JSC
• DuPont Danisco Animal Nutrition
• Diamond V
• Dr. Eckel Animal Nutrition GmbH & Co. KG
• Elanco Animal Health Incorporated
What are the Regional Insights into the Poultry Feed Mycotoxin Binders And Modifiers Market?
North America was the largest region in the poultry feed mycotoxin binders and modifiers market in 2024. The regions covered in the poultry feed mycotoxin binders and modifiers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
