Feed Mycotoxin Binders Market: Increased focus on proper animal nutrition to protect animal health and efficiency is expected to drive the market

Feed Mycotoxin Binders Market size reached USD 161.91 million in 2022 and is expected to reach USD 334.05 million by 2029, growing at a CAGR of 10.9 % during the forecast period.

Mycotoxin can cause substantial harm to animals. The presence of numerous mycotoxins in feed has a serious impact on the performance and well-being of production animals. About 32% of the world’s harvested crops are contaminated by mycotoxins each year, leading to huge agricultural losses in the billions of dollars. Several mycotoxin binders can reduce this risk by binding the mycotoxins inside the digestive tract. Feed mycotoxin binders are substances used in animal feed to trap mycotoxins and prevent them from entering the bloodstream. The binders bind and immobilize mycotoxins in the gastrointestinal (GI) tract of animals, reducing their bioavailability. Effective mycotoxin binders must satisfy five criteria: strong adsorptive ability, only bind mycotoxins, irreversible, safe, and scientifically proven. The most often used mycotoxin binders in swine feeds are aluminosilicate binders, which comprise clays, bentonites, zeolites, and hydrated sodium calcium aluminosilicate (HSCAS).

Industry participants' investments in R&D to produce improved feed binder products are expected to drive the market for feed binder products. The Feed Binder market is growing due to the growth of feed binder companies and the acquisition of companies in various regions and countries.

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Feed Mycotoxin Binders Market Dynamics:
Rise in incidence of Mycotoxin in crops to boost the Feed Mycotoxin Binders Market

Mycotoxins are found all over the world. Research shows that more than 87% of grain and feed samples examined were contaminated with at least one mycotoxin, and over 68% were infected with two or more mycotoxins. Their acute and chronic food exposures can cause a variety of adverse health effects in people and animals, making these chemically diverse substances highly relevant agricultural contaminants. They commonly co-occur in agricultural products, and exposure to mycotoxin combinations is widespread through diversified diets. There are about 500 identified mycotoxin strains in the world, including aflatoxins (B1, B2, G1, G2, and M1), ochratoxins, deoxynivalenol, and fumonisins, which are the most common mycotoxins found in livestock feed.

All regions of the world are susceptible to the harmful effects of these mycotoxins. According to the MMR study, around 25% of the crops produced worldwide contain mycotoxins. Many national and international public health and governmental authorities such as the USFDA, World Health Organization (WHO), Food Agriculture Organization (FAO), and the European Food Safety Authority (EFSA) are paying serious attention to mycotoxin contamination in food and feed by adopting strict regulatory guidelines for major mycotoxin classes. Recently, about 100 countries have established limits on the presence of major mycotoxins in feed. Thus, mycotoxin binders and modifiers are expected to be used by the farming community to enhance the health and wealth of animals and to create maximum livestock performance. Therefore the Feed Mycotoxin Binders Market is expected to grow during the forecast period.

Economic Impact Of Mycotoxin Contamination

As mycotoxin contamination is a widespread and important issue, the need for solutions to minimize mycotoxicosis effects in livestock grows year after year in order to increase the efficiency of the production cycle. In Asia, it was estimated that the annual loss due to mycotoxin in the Philippines, Indonesia, and Thailand was over $900 million, with $500 million of the costs attributable to the impacts on human health. Asia Pacific region is constantly increasing the demand for livestock products, which has promoted the improvement of the efficiency of the productive systems.

The rise in livestock production has increased the demand for animal feed on the continent. Climatic conditions and crop management all over the world favor the high prevalence of mycotoxins, which represents an important threat to the livestock industry. As mycotoxin contamination is a ubiquitous and serious problem, the demand for methods to prevent mycotoxicosis effects in livestock keeps increasing every year to improve the efficiency of the production cycle.

Farmers and feed millers are taking necessary precautions while storing raw materials and compound feed to protect the animals from the negative effects of mycotoxins. Adding mycotoxin binders to feed not only improves livestock health and production levels but also increases profitability by reducing costly veterinary services and other costs associated with livestock health recovery.

Strong growth opportunities in poultry and aquafeed sectors.

The rising demand for feed mycotoxin binders and modifiers presents an opportunity for market growth, particularly in developing nations like as China, India, Brazil, and Argentina. Because of their large-scale farming, poultry and aquaculture raising in feedlots can be considered a key growth sector for the feed mycotoxin binders market in South America and the Asia Pacific region. The growth potential for the use of feed mycotoxin binders is supported by factors such as a strong emphasis on feed safety and animal health to fulfill increased meat consumption and strengthened feed demand. Constant disease outbreaks in livestock can also have an impact on the use and market growth of feed mycotoxin binders, as regulatory authorities throughout the world focus on implementing control measures on feeding methods to address feed and, as a result, food safety.

Major players in the mycotoxin binders market are increasing and investigating the potential role of biotransformation in risk management. There are several advantages to using biotransformation to fight mycotoxin contamination in animal feed, such as the irreversible nature of the process and detoxification without nutritional binding. These are some of the factors that are expected to generate opportunities for the growth of the mycotoxin binders market throughout the forecast period.



Unintended consequences of using Feed mycotoxin binders act as a market challenge

Mycotoxin binders mitigate the negative effects of mycotoxins in feed. However, not all mycotoxin binders have the same properties and so behave differently when added to feed. Every binder has a unique binding capacity that varies depending on its source; even two clay products from the same family of bentonites can have different levels of effectiveness. Some countries, such as the EU, allow a maximum inclusion level of 2% clay in feed to bind aflatoxin B1; however, the risk of binding with existing nutrients occurs in feed even at lower inclusion levels. These undesirable binding results decrease the efficiency against mycotoxins, and there may be a reduction in the availability of essential nutrients for development and production in livestock. This risk might be unknown to the farmers who use mycotoxin detoxifiers in feed. This is considered the biggest challenge for the growth of the Feed Mycotoxin Binders market.
Market Restraint :
The prominent usage of mold inhibitors, acidifiers, and other feed preservatives as feed additives and the lack of awareness among small-scale livestock growers are expected to hamper the growth of the Feed Mycotoxin Binders market. Most livestock growers do not consider mycotoxin binders to be necessary feed additives and prefer to use other feed additives such as molds inhibitors, acidifiers, and other feed preservatives to improve livestock feed in order to extend feed shelf life and improve animal health and wealth. This is due to mycotoxin binders being considered to contribute to the additional cost, acting as a restraint on market growth. To overcome these hurdles, proper information about the risks associated with mycotoxin should be marketed to livestock growers, educating them about the advantages of mycotoxin binders.
Feed Mycotoxin Binders Market Segment Analysis:
Based on Livestock, the poultry segment held the largest market share in 2021. When Poultry animals such as chickens, ducks, turkeys, and goose are exposed to mycotoxins, their fertility is lowered, their immune systems are weakened, and their metabolism is intoxicated resulting in an unhealthy gut. Mycotoxins can damage poultry birds either individually or additively in the presence of one or more mycotoxins, affecting various organs such as the gastrointestinal tract, liver, immune system, and so on. It results in death in certain serious circumstances. Mycotoxins that can impact poultry health and productivity include aflatoxins, zearalenone, ochratoxin A, fumonisins, trichothecenes such as deoxynivalenol, and T-2 toxin. Poultry farmers can significantly decrease the effects of mycotoxins by using mycotoxin binders.

Based on End-use, The conventional segment dominated the market in 2021. The growth is attributed to the rising demand for conventionally derived feed mycotoxin binders. Traditional ingredients are used in conventional feed mycotoxin binders, which are less costly than organic ones. Aside from that, the ease with which products are available at affordable rates shows their widespread usage as feed mycotoxin binders. Mycotoxin binders have advantages such as reducing and restricting mold growth in feed, improving liver function and preventing fatty liver syndrome, removing harmful bacteria caused by excess moisture in feed, and being highly effective against both polar and non-polar mycotoxins. As a result, they are gaining popularity among poultry farmers, which is expected to boost the Feed Mycotoxin Binders Market.

Based on the Sales Channel, the liquid segment dominated the global market in 2021 and had a significant Feed Mycotoxin Binders Market Size. The liquid form is expected to rise because of its better handling properties and dosage rates. Growing consumption of meat and meat products, as well as R&D efforts in the animal feed industry, would boost Feed Mycotoxin Binders Market demand for the liquid segment. The increasing variety of applications in the livestock industry may also fuel the need for liquid form, which is expected to drive the global feed mycotoxin binders market.
Feed Mycotoxin Binders Market Regional Insights
The Europe feed mycotoxin binders market revenue is expected to grow at a CAGR of 7.5% during the forecast period. Changing consumer preferences toward more diet-centric nutrition and high protein intake would boost the European poultry industry and production. Increased focus on nutrition security, which ensures adequate protein and calorie supply, has resulted in the development of sustainable policies such as the EU policy statement to improve livestock production. Rising government support for the poultry sector, as well as the development of the use of more nutritious additives in animal consumption, are likely to drive the market in the region. Furthermore, favorable regulatory standards set by the EU Commission and the FDA regarding the inclusion of mycotoxin binders in feed and their safe usage for human and animal health would boost Feed Mycotoxin Binders Market demand during the forecast period.

In the North American region, the Feed Mycotoxin Binders are expected to increase at a modest rate throughout the forecast period. Major manufacturers such as Kemin Industries, Inc., Alltech, Inc., Novus International, Inc., and Bentoli, Inc., among others are expected to boost regional demand over the forecast period. The increased demand for dairy and meat products as well as strict food safety regulations will have an impact on the growth of the Feed Mycotoxin Binders Market. Aside from that, investment opportunities and favorable government regulations for the establishment of feed mycotoxin binder production facilities will most likely generate an opportunity for market players operating in the Feed Mycotoxin Binders Market.

Report Scope:

The Feed Mycotoxin Binders market report determines the market share, size, current, and future trends, challenges, and forecast. It also assesses the Feed Mycotoxin Binders industry drivers, restraints, growth indicators, market dynamics, and risk. This report discusses business strategies as well as potential growth opportunities. It also offers a plethora of data on gross margin, SWOT analysis, CAGR, and prospects for the future of major key companies. This report segmented the market by Livestock, Source, Form, and geographical location as well as the new techniques and manufacturing cost structures of the Feed Mycotoxin Binders market. The Report focuses on data on global market developments and the competitive landscape.
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Feed Mycotoxin Binders Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 161.91Mn.


Forecast Period 2023 to 2029 CAGR:
10.9 %
Market Size in 2029:
US $ 334.05 Mn.


 Segments Covered:
by Livestock
1.Swine
2.Ruminants
3.Poultry
4.Aquatic animals
5.Others


by Source
1.Organic
2.Conventional


by Form
1.Dry
2.Liquid
3.Others


by Product
1.Bentonite
2.HSCAS
3.Zeolites
4.Polysaccharides
5.Others


by Type
1.Feed Mycotoxin Binders
2.Feed Mycotoxin Modifiers



Feed Mycotoxin Binders Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Feed Mycotoxin Binders Market Key Players
1.BASF
2. Vetline
3. Kemin Industries
4. Bayer
5. Alltech
6. Virbac Group
7.Novus International
8. Selko
9. Anfotel Nutrition
10.Biomin
11.FF Chemicals
12.Bentoli
13.VisscherHolland
14. VL Vipro
15.Amlan International
16. Impextraco NV
17.Feed Industryrvice

FAQs:

1. Who are the key players in the Feed Mycotoxin Binders market?
Ans. Perstorp Holding AB, Simfa Labs Pvt. Ltd., Virbac S.A., and Kemin Industries, Inc are some of the market players in the Feed Mycotoxin Binders market.

2. Which Form segment dominates the Feed Mycotoxin Binders market?
Ans. The liquid segment accounted for the largest share of the global Feed Mycotoxin Binders market in 2022.

3. How big is the Feed Mycotoxin Binders market?
Ans. The Global Feed Mycotoxin Binders market size reached USD 161.91 million in 2022 and is expected to reach USD 334.05 million by 2029, growing at a CAGR of 10.9 % during the forecast period.

4. What are the key regions in the global Feed Mycotoxin Binders market?
Ans. Based On the region, the Feed Mycotoxin Binders Market has been classified into North America, Europe, Asia Pacific, Middle, East and Africa, and Latin America. Europe dominates the global Feed Mycotoxin Binders market.