Feed Mycotoxin Binders Market By Livestock (Swine, Ruminants, Poultry, Aquatic animals, Others), By Source (Organic, Conventional), By Form (Dry, Liquid, Others): Global Opportunity Analysis and Industry Forecast, 2022-2031
The global feed mycotoxin binders market was valued at $144.6 million in 2021, and is projected to reach $393.9 million by 2031, registering a CAGR of 10.2%.
Mycotoxins are secondary metabolites produced by molds and fungi in fields and during storage of grains, feeds and forages. Mycotoxins are considered to be soil-borne pathogens. Not all molds and fungi will produce mycotoxins. Mycotoxins majorly occurs in isolation. Given the fact that one mold is capable of producing several mycotoxins, several molds can contaminate one feed ingredient. With several ingredients included in an animal feed, it’s very common to find multiple mycotoxins in finished feeds. This allows for interactions among mycotoxins, resulting in synergistic or additive effects on the animal.
The feed mycotoxin binders industry is currently driven by increasing demand for dairy products, increasing demand for meat and meat products, rising population, and growth of the livestock industry. Furthermore, increasing demand for organically grown livestock will propel the demand for feed mycotoxin binders market. Feed mycotoxin binders are used in animal feed to reduce the effects associated with mycotoxins. Some major type of mycotoxins found in feed are aflatoxins (B1, B2, G1, G2 and M1), ochratoxin A, patulin toxins produced by Fusarium moulds, including fumonisins (B1, B2 and B3), trichothecenes (principally nivalenol, deoxynivalenol, T-2 and HT-2 toxin), zearalenone, ergot alkaloids, citrinin, sterigmatocystin and alternaria toxins. Among these, aflatoxins are most harmful type of mycotoxins and can cause different health realated concerns including gastrointestinal disturbances, reproductive disorders or suppression of the immune system. Asia-Pacific market is estimated to witness steady growth owing to the presence of major market players.
Poultry industry is under constant threat due to presence of mycotoxins in poultry feed. Feed ingredients that are used in the poultry feed manufacturin9eg can be contaminated by harmful mycotoxins that can be indigested by poultry birds which can lead to serious damage. Some fungi produce mycotoxins during agriculture harvesting, while other fungi produce mycotoxins during the storage of grains. The most common poultry feed ingredients damaged by mycotoxins consists of soymeal, barley, corn & corn by products, and wheat & wheat by products, among others. Poultry birds are very sensitive to mycotoxins. It can cause increased organ size, liver damage, neurological effects, decreased fertility, feed refusal, among others. It can be prevented by the introduction of mycotoxin binders in feed. Thus, propelling the demand for feed mycotoxin binders in poultry feed.
However, stringent government regulations associated with product approval are likely to hamper the market growth. For instance, in European Union (EU) substances for reduction of the contamination of feed by mycotoxins are classified within the technological feed additives category. This group of products must be registered following the rules described in Regulation EC 1831/2003, which lays out the procedure for the registration of feed additives.
The demand for organic feed among growers will create an opportunity among feed mycotoxin binders manufacturers. The growing demand for organic food products owing to the rising consumer awareness regarding the consumption of these food products along with the availability of healthy food options from various manufacturers is encouraging the livestock growers to adopt the use of organic ingredients in animal feed.
The global feed mycotoxin binders market is segmented into livestock, source, form, and region. On the basis of livestock, the market is categorized into swine, ruminants, poultry, aquatic animals, and others. By source, it is fragmented into conventional and organic. Depending on form, it is segregated into dry, liquid, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Singapore, New Zealand, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Saudi Arabia, South Africa, UAE, and rest of LAMEA).
The key market players included in the feed mycotoxin binders market analysis are Alltech, Inc., BASF SE, Bentoli, Inc., BERTOL COMPANY s.r.o, Cargill, Incorporated, Clariant Ltd, Koninklijke DSM N.V., EW Nutrition GmbH, GLOBAL NUTRITECH, Impextraco N.V., Norel, S.A, SVH Holding N.V., Olmix S.A., Perstorp Holding AB, Simfa Labs Pvt. Ltd., Virbac S.A., and Kemin Industries, Inc.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the feed mycotoxin binders market analysis from 2021 to 2031 to identify the prevailing feed mycotoxin binders market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the feed mycotoxin binders market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global feed mycotoxin binders market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy LivestockSwine
Ruminants
Poultry
Aquatic animals
Others
By SourceOrganic
Conventional
By FormDry
Liquid
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
UK
Italy
France
Spain
Russia
Rest Of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Singapore
New Zealand
Rest Of Asia-Pacific
LAMEA
Brazil
Argentina
South Africa
United Arab Emirates
Rest Of LAMEA
Key Market Players
Bertol Company s.r.o.
Norel, S.A
BASF SE
Cargill, Incorporated
Perstorp Holding AB
Clariant Ltd.
Alltech, Inc.
EW Nutrition GmbH
GLOBAL NUTRITECH
Olmix S.A.
Simfa Labs Pvt. Ltd.
Impextraco N.V.
Kemin Industries, Inc.
Virbac S.A.
Koninklijke DSM N.V.
SVH Holding N.V.
Bentoli, Inc.
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