(Food-Beverage-News.Com, November 16, 2017 ) A detailed research report titled “Mycotoxin Binders Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025” has recently been added into the repository of “Market Research Reports Search Engine (MRRSE)”. According to the report, the global mycotoxin binders market is growing rapidly and expected to rise with a CAGR of 9.7% during its forecast period from 2017 to 2025. In addition to that, the report claims that the market for mycotoxin binders is predicted to reach US$387.4 mn by the end of 2025 from its existing worth of US$184.1 mn by 2017.
As per the report analysis of mycotoxin binders market, the key players are investing money into research and development of new and enhanced products to grow their own revenue and sales. It further says that the due to change in the food habit of people and urbanization, the mycotoxin binders market is facing tremendous growth and in turn leading to the global demand for poultry and meat products.
The report begins with an executive summary covering the entire content in a summarized way for decision makers to understand what is in the report for them. It contains section for market introduction providing basics of market including market definition and market taxonomy. The report also analyzes the dynamics of global mycotoxin binders market such as macro-economic factors, drivers, challenges and opportunity.
The study report has segmented the global mycotoxin binders market into regions which are Middle East and Africa, Japan, Asia Pacific except Japan, Europe, Latin America and North America. The report contains analysis and forecast of global mycotoxin binders market by region in terms of Basis Point Share (BPS) and Year-on-Year growth projections.
Although demand for mycotoxin binders is steady throughout the globe, it is the market in Asia Pacific that is likely to offer growth opportunities to manufacturers. The Latin America mycotoxin market is likely to grow at over 11% CAGR throughout the forecast period. Growing awareness among farm owners is likely to lead to increased growth for mycotoxin binders during the forecast period. In addition to Latin America, Asia Pacific is another key region for the growth of the global mycotoxin binders globally. The large population in Asia Pacific is fuelling the demand for high quality products which in turn is likely to boost the growth of the market during the forecast period. The key companies in the global mycotoxin market include BASF, Syngenta International, E.I. du Pont, Impextraco, Kemin Industries, Novus International, Bayer, Cargill, and Biomin.
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