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2023

Feed Mycotoxin Binders Market

Feed Mycotoxin Binders Market Size, Share, Competitive Landscape and Trend Analysis Report by Livestock, by Source, by Form : Global Opportunity Analysis and Industry Forecast, 2022-2031

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Author's: Samriddhi Chauhan | Roshan Deshmukh
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The global Feed Mycotoxin Binders Market Size was valued at $144.6 million in 2021 and is projected to reach $393.9 million by 2031, growing at a CAGR of 10.2% from 2022 to 2031. Feed mycotoxin binders are an ingredient that is used in animal feed to trap mycotoxins, preventing them to enter the bloodstream. Mycotoxin can cause serious damage to animals. These binders tightly bind and immobilize the mycotoxins in the gastrointestinal (GI) tract of livestock, thus minimizing their bioavailability. This process is also known as adsorption as it detoxifies mycotoxins from the animal body. The effective mycotoxin binders should meet five criteria which include, high adsorptive capacity, should only bind mycotoxins, irreversible, safe, and scientifically proven. Only feed mycotoxin binders have been taken into consideration for the purposes of this report. The market segments and variables influencing the growth of the commercial Feed Mycotoxin Binders Industry are extensively studied in the report.

Feed Mycotoxin Binders Market

 

The feed mycotoxin binders market is segmented into Livestock, Source and Form. Animals that have consumed mycotoxin through feed show various miserable symptoms such as depression, morbidity, and lower feed intake. Apart from that if the animals are continuously exposed to mycotoxins it can even lead to death. High consumption of dairy, meat and seafood products has triggered the demand for animal feed additives across the globe. Animal growers are highly investing in industrial agriculture resulting in increased demand for animal feed additives. Increasing focus on proper animal nutrition to raise healthy animals is propelling the demand for feed

One of the favorable reasons for the growth in demand for mycotoxin binders is increased attention to proper animal nutrition in order to preserve the animal’s health and efficiency. Furthermore, companies associated with the production of mycotoxin binders are expected to expand production capacities in order to fulfill increasing customer requirements for better animal health and performance.

The increasing population can lead to an ever-increasing demand for food products. According to United Nations, the global population is expected to reach 8.6 billion by 2030. With roughly 83 million people being added to the world’s population every year, the upward trend in population size is expected to continue. The continuous increase in population also leads to increasing demand for basic necessities such as food. Currently, with limited land for agriculture it is difficult to match the need for food security. Intensive animal farming and high agricultural output with limited resources can secure the demand for food. However, to mitigate this demand animal grower needs to increase animal productivity keeping in mind the healthy growth rate. Here, feed mycotoxin binders come into the picture. They help to keep mycotoxins away from the animals and ensure a healthy GI tract. Thus, is likely to foster the demand for mold inhibitors in animal feed and will propel the demand for feed mycotoxin binders in the process.

However, strict government regulation policies among various countries will hamper market growth. Owing to the government regulations the Feed Mycotoxin Binders Industry still faces certain operational challenges. For instance, sodium aluminosilicate and hydrated sodium calcium aluminosilicate (HSCAS) are considered as safe when used as anticaking agents in animal feed at a level of a maximum 2% in accordance with good manufacturing practices (GMP). This regulation policy comes under 21 Code of Federal Regulations Part 582.2727 and 582.2729. However, according to Food and Drug Association’s (FDA) Center for Veterinary Medicine (CVM) has stated that the use of these (sodium aluminosilicate and hydrated sodium calcium aluminosilicate) ingredients as a binder is not safe and they should be first approved as food additive petition (FAP) before these products may be used or claims may be made regarding their utility as mycotoxin binders. Also, the products which are not approved for FAP’s will be subjected to regulatory actions. Thus, the limited and scattered information regarding the use of ingredients specifically as feed mycotoxin binders will likely to hinder the market growth.

In Feed Mycotoxin Binders Market, we have considered livestock, source, and form as a scope of the study. Livestock includes the study of swine, ruminants, poultry, aquatic animals, and others. The swine segment consists of young pigs and sows. They are majorly exposed to aflatoxin, vomitoxin, zearalenone, fumonisin, and ochratoxin mycotoxins. On the basis of source, the market is classified as conventional and organic.  On the basis of form, the market is bifurcated into dry, liquid, and others. On the basis of region, the market is categorized into North America, Europe, Asia-Pacific, and LAMEA.

Feed Mycotoxin Binders Market by Livestock

On the basis of livestock, the poultry segment garners the largest Feed Mycotoxin Binders Market Share in 2021. However, the aquatic animal segment is projected to grow at the fastest CAGR during the projected period. Poultry animals such as chicken, ducks, turkey, and goose if exposed to mycotoxins result in reduced fertility, affects the immune system, and reduces metabolism which results in an unhealthy gut. Moreover, mycotoxins can affect poultry birds either individually or additively in presence of one or more mycotoxins which may affect various organs of the body such as the gastrointestinal tract, liver, immune system, etc. which eventually result in low productivity, health, and growth. In some dangerous cases, it results in death. Aflatoxins, zearalenone, ochratoxin A, fumonisins, trichothecenes such as deoxynivalenol, and T-2 toxin are some of the mycotoxins that can impact the health and productivity of poultry. With the use of mycotoxin binders, poultry growers can significantly lower the impact of mycotoxins. Apart from that mycotoxin binders offers benefits such as preventing and limiting the growth of molds in feed, improving liver function and preventing fatty live syndrome, removing bad bacteria as a result of excess moisture content in the feed, highly effective towards polar and non-polar mycotoxins. Owing to this, they are becoming popular among poultry farmers which will result in the Feed Mycotoxin Binders Market Growth.

Feed Mycotoxin Binders Market by Source

On the basis of source, the market is classified as organic and conventional. The conventional segment dominated the market in 2021 with a Feed Mycotoxin Binders Market Share of more than 90% for the same year. The growth is attributed to the high demand for conventionally derived feed mycotoxin binders. Conventional feed mycotoxin binders use traditional ingredients i.e. chemically derived which are cheaper compared to organic ones. Apart from that, the ease in availability of products at affordable prices reflects its high use as feed mycotoxin binders.

Feed Mycotoxin Binders Market
By Form
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Liquid segment dominated the global market in the year 2021, and is likely remain dominant during forecast period.

On the basis of form, the market is bifurcated into dry, liquid, and others. The liquid segment dominated the global market in 2021 and had major Feed Mycotoxin Binders Market Size. The liquid form is anticipated to grow throughout the Feed Mycotoxin Binders Market Forecast period due to its better handling properties and dosage rates. Additionally, it adds value to the overall nutrient intake of animals. Moreover, the increased rate of consumption of meat and meat products, and R&D activities in the animal feed industry will augment the Feed Mycotoxin Binders Market Demand for liquid segment. Furthermore, the increasing scope of applications in the livestock industry will propel the demand for liquid form, which will eventually drive the global feed mycotoxin binders market.

Feed Mycotoxin Binders Market by Region

Region wise, Asia-Pacific was the highest revenue contributor and is estimated to reach $ 149.3 million by 2031, with the highest CAGR of 11.0%. North America is likely to grow at a moderate pace during the estimated period. The presence of major manufacturers such as Kemin Industries, Inc., Alltech, Inc., Novus International, Inc., Bentoli, Inc., among others will flourish the regional demand during the projected period. Moreover, the high demand for dairy and meat products along with the strict food safety regulations are some of the factors that will affect the growth of the Feed Mycotoxin Binders Market. Apart from that, investment opportunities and favorable government policies to set up feed mycotoxin binder production facilities will likely create an opportunity for market players operating in Feed Mycotoxin Binders Market.

The key players operating in the global Feed Mycotoxin Binders Market include 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 players are investing in R&D to expand its product offering and launch innovative products to stay ahead in the competition. For instance, in April 2022, Manaseer Industrial Complex Co., a part of Manaseer Group has launched mineral based feed additives with mycotoxin binding capabilities. The product is sold under Animax brand and consists of HSCAS along with 74 rare earth elements. The product as a mycotoxin binder hinders the growth of harmful effects of Aflatoxin B1, a feed related mycotoxin. Also, in January 2020, Biochem expanded its highly effective range of mycotoxin binding offering with B.I.O.Tox Activ8 Mycotoxin Binder. The product consists of activated adsorbents such as bentonite and sepiolite, as well as natural detoxifiers polyphenols and Silybum Marianum. These activated adsorbents offer anti-inflammatory and immune-stimulating effects.

Key Benefits For Stakeholders

  • This 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.

Feed Mycotoxin Binders Market Report Highlights

Aspects Details
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Market Size By 2031

USD 393.9 million

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Growth Rate

CAGR of 10.2%

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Forecast period

2021 - 2031

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Report Pages

233

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By Livestock
  • Swine
  • Ruminants
  • Poultry
  • Aquatic animals
  • Others
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By Source
  • Organic
  • Conventional
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By Form
  • Dry
  • Liquid
  • Others
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By Region
  • North 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)

Analyst Review

The demand for feed mycotoxin binders among animal feed manufacturers is on the rise, industry participants are focusing on partnership with institutes to develop high quality products. For instance, in February 2020, Olmix group partnered with the INRAE (National Research Institute for Agriculture, Food and Environment). The aim of this collaboration was to evaluate the effect of different compounds rich in marine sulfated polysaccharides on a wide range of biological activities able to improve production performance and the resistance of animals to infections.

Livestock growers are looking for ways to maximize feed efficiency and enhance farm yield, thus the need to provide animals with balanced, easy-to-digest feed adapted to their physiological development have increased. The aim of this collaboration was to evaluate the effect of different compounds rich in marine sulfated polysaccharides on a wide range of biological activities able to improve production performance and the resistance of animals to infections. By ensuring enzyme effectiveness in the intestine, feed mycotoxin binders allow animals to make the best use of their feed. This improvement exploits performance and maintains a good feed conversion ratio.

The most common mycotoxin sound in poultry is Aflatoxins. Aflatoxins are known to have a hepatotoxic consequence in poultry and also a hepatocarcinogenic effect in exposed animals. The most common pathological lesions related with aflatoxicosis in poultry are found in the lymphoid organs, liver, and testes, often occurring over a period of chronic contact. In acute-subacute aflatoxicosis, the liver appears enlarged, pale yellow in color, friable, and usually the gall bladder is also enlarged and filled with bile. In case of high contamination levels, may even lead to death of animals. Thus, affects the overall productivity and livestock growers can face losses.

The increasing adoption of sustainable and environment friendly animal farming among growers resulting in new and innovative product search. In addition, the increasing demand for organic products with visibility for nutritional content is expected to support the demand for Feed Mycotoxin Binders. Furthermore, increasing egg and meat consumption is contributing to the market growth.

Author Name(s) : Samriddhi Chauhan | Roshan Deshmukh
Frequently Asked Questions?

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%.

From 2022-2031 would be forecast period in the market report

$144.6 million is the market value of feed mycotoxin binders market in 2021.

2021 is base year calculated in the feed mycotoxin binders market report

The key players analyzed in the report Alltech, Inc., BASF SE, Bentoli, Inc., BERTOL COMPANY s.r.o, Cargill, Incorporated, Clariant Ltd, Koninklijke DSM N.V., EW Nutrition GmbH are the top companies hold the market share in feed mycotoxin binders market.

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Feed Mycotoxin Binders Market

Global Opportunity Analysis and Industry Forecast, 2022-2031