PUBLISHER: Allied Market Research | PRODUCT CODE: 1344429
PUBLISHER: Allied Market Research | PRODUCT CODE: 1344429
According to a new report published by Allied Market Research, 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.
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.