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Market Leader - Feed Mycotoxin Binders and Modifiers Market


The key players identified in the global feed mycotoxin binders and modifiers market include Kemin Industries, Inc. (U.S.), Cargill (U.S.), Alltech (U .S.), Adisseo France SAS (France), BASF SE (Germany), Archer Daniels Midland Company (U.S.), Nutreco N.V. (Netherlands), and Bayer AG (Germany). Other significant players include Novozymes A/S (Denmark), Novus International, Inc. (U.S.), Norel S.A. (Spain), BIOMIN Holding GmbH (Austria), Perstorp Holding AB (Sweden), Olmix S.A. (France), Impextraco NV (Belgium), and Nutriad International NV (Belgium). The feed mycotoxin binders and modifiers market is growing at a CAGR of 3.6%, in terms of value during the forecast period and is driven by factors such as incidences of mycotoxin occurrence in crops, scientific studies establishing the positive impact of mycotoxin binders and modifiers on livestock health and performance, stringent regulations limiting the presence of mycotoxins in feed products, and increase in the consumption of animal-based products.

The key market players adopted strategies such as new product launches, expansions, mergers, and acquisitions to increase their market presence and revenue generation. Leading players focused on strengthening their R&D proficiencies by capitalizing in advanced technologies and signing R&D agreements with other companies, to develop diversified product portfolios of feed mycotoxin binders and modifiers.

The global players have established large distribution networks across the world and follow extensive cross-selling marketing strategies. Market leaders such as Kemin Industries, Inc. (U.S.), Cargill (U.S.), Alltech (U .S.), Adisseo France SAS (France), BASF SE (Germany), Archer Daniels Midland Company (U.S.), Nutreco N.V. (Netherlands), and Bayer AG (Germany) have successfully tapped the potential markets through the development of innovative product launches, agreements, and expansions. These key companies focused on new product developments in the feed mycotoxin binders and modifiers industry on a regional as well as a global level, to strengthen and expand their position in the feed mycotoxin binders and modifiers market. The trend of using mycotoxin binders and modifiers in animal feed to remove/modify toxic materials from the animal body is increasing the competition among the key players, thereby increasing the competitive rivalry among the players.

Cargill (U.S.) offers mycotoxin binder products, catering to the requirements of all the end users in the market. It also has a wide geographic coverage, spanning in all six continents and has a strong R&D (toward product innovation). The company focuses on catering to not just the mycotoxin binders market, but the overall animal feed and feed additives industry. It leads in terms of operational and financial strength, as it has an integrated supply chain. It focused on strengthening its presence in this market through organic means (new product launches), during the study period. In November 2016, the company launched a new range of mycotoxin binder products and services aimed at catering to many species of livestock, to prevent the potential challenges caused by the mycotoxins.

Another key player, BASF SE (Germany) has a product portfolio with a range of variants in the mycotoxin binders market, catering to the requirements of all end users in this market. The company operates across 80 countries, and has a competitive product portfolio. In terms of innovation, it has a strong focus on R&D and received one patent during the study period. In January 2013, it launched a product-Novasil Plus-which is used as an anticaking agent for enhancing the flow properties of feed or feed ingredients, or for specifically binding aflatoxins, the deadliest mycotoxins.

Related Reports:

Feed Mycotoxin Binders and Modifiers Market by Type (Binders, Modifiers), Livestock (Ruminants, Swine, Poultry, Aquatic Animals), Source (Inorganic, Organic), and Region (North America, Europe, Asia-Pacific, South America, and RoW) - Global Forecast to 2022

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