As the amount of disposable income continues to increase among urbanpopulations residing in the metropolitan areas across the world, the foodindustry is flourishing. And, as a result, the demand for poultry products ison the rise. For a profitable yield from a farm, the organizations have tomaintain a quality diet with nutrients for the pigs. Mycotoxin binders are nowreplacing mold inhibitors as they lack effectiveness, while the former can beadded to the diet of the pigs to avoid them from absorbing toxins found in thefeed.
The analyst of the TMR report has detected that major players operatingin the mycotoxin binders market arefocused on enhancing their product portfolio, which helps them cater to a widerrange of end users. And to create a niche, major players such as Bayer, BASF,E.I. du Pont, Cargill, Syngenta International, Kemin Industries, Impextraco,Nutreco, Novus International, and Biomin are investing heavily on research anddevelopment activities.
Based on product type, the TMR report has segmented the mycotoxinbinders market into adsorbents and denaturants. The adsorbents aresub-segmented into activated charcoal, Aluminosilicates, clays, chemicallytreated silicates, chemical polymers and glucan products, whereas thedenaturants is sub-segmented into mycotoxin degrading enzymes, livemicroorganism and organic binders. The animal types that have been evaluatedfor their demand potential are: equine, pet, aquatic animals, ruminant, swineand poultry.
Based on nature, the mycotoxin binders market is segmented into organicand inorganic. Geographically, Asia Pacific has been foreseen as the regionthat will cultivate the most prominent chunk of demand in the global mycotoxinbinders market. This rise of the APAC mycotoxin binders market can beattributed to growing awareness regarding the benefits and return of investmentby farm organizations.
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Often, as a result of fungi and insect infestation, the plant-based rawmaterials of animal feed lose their nutritious values, which can be adequatelysufficed by mycotoxin binders, and hence a flourishing market for the same. Asthe awareness regarding the benefits of this additives expands, more and morefarm owners are investing on mycotoxin binders in order to prevent theiranimals from contaminated feed, which in turn improves their meat quality.Across the world, the trend in the food industry is organic products, and usageof mycotoxin binders passes the requirements too.
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Growing incidences of mycotoxin occurrence in crops, increase in theconsumption of animal-based products, and high expectation from the currentR&D activities to increment application horizons are some of the otherfactors expected to augment the demand in the mycotoxin binders market in the nearfuture. On the other hand, lower penetration rate in a number of emergingeconomies is curtailing the market from performing at its optimum potential.
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