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 (p Incipally 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.
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 (p Incipally 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 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.
Key Market Segments
By Livestock
- Swine
- Ruminants
- Poultry
- Aquatic animals
- Others
By Source
- Organic
- Conventional
By Form
- Dry
- Liquid
- Others
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
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.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: FEED MYCOTOXIN BINDERS MARKET, BY LIVESTOCK
CHAPTER 5: FEED MYCOTOXIN BINDERS MARKET, BY SOURCE
CHAPTER 6: FEED MYCOTOXIN BINDERS MARKET, BY FORM
CHAPTER 7: FEED MYCOTOXIN BINDERS MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to a new report, titled, 'Feed Mycotoxin Binders Market,' The feed mycotoxin binders market was valued at $144.60 million in 2021, and is estimated to reach $393.9 million by 2031, growing at a CAGR of 10.2% from 2022 to 2031.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.
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.
- 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.
- 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.
- 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.
- 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.
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.
Companies Mentioned
- 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.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 233 |
| Published | May 2023 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 144.6 million |
| Forecasted Market Value ( USD | $ 393.9 million |
| Compound Annual Growth Rate | 10.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 17 |
