Feed Mycotoxin Binders Market By Type (Bentonite, LSCAS, HSCAS, Zeolites, and Polysaccharide), By Application (Poultry, Swine, Ruminant, Aquaculture, and Equine), By Region - Trends, Analysis and Forecast till 2034

Feed Mycotoxin Binders Market was valued at USD 124.6 Billion in 2024 and is projected to grow at a CAGR of 10.4% to reach USD 335.6 Billion by 2034.

Mycotoxins are toxic compounds produced by fungi and harmful after consumption for humans and other animals. They disrupt the gut microbiota balance leading to gut issues, dysregulate intestinal functions and local immune response is also affected. Large number of food, beverages, crops get contaminated by mycotoxins and cause various diseases. Mycotoxin binders are substances that binds and traps the mycotoxins , preventing them to enter the bloodstream and cause harm. They are usually supplemented into the animal diet and prevent absorption of mycotoxins through the gut. High adsorptive capacity, irreversible, precise binding to mycotoxins, safe to use, and scientifically verified through in vivo biomarker studies are the five parameters for a successful mycotoxin binder.

DRIVERS:

Increasing awareness of mycotoxin contamination and its impact

Sustainable and environment friendly farming results in new and innovative approach. Increasing population leads to increase in demand for food, poultry products. Animals’ health is a prime concern for proper efficiency and thus demand for mycotoxin binder increases. Proper nutrition to preserve animals’ health is very important. Increasing consumers demands is associated with expansion of companies to meet the demands of mycotoxin binders boost the feed mycotoxin binders market. All regions in world are susceptible to harmful effects of mycotoxins and awareness lead to adopting the solution to the problem boosts the feed mycotoxin binders market.

RESTRAINS

High cost, Regulatory guidelines

Less awareness and use of other alternatives such as mold inhibitors, acidifiers, food preservatives among small scale livestock growers tends to hinder the market growth. Use of mycotoxin binders adds to the additional cost acts as a restrain to feed mycotoxin binders market growth. Educating people and increasing awareness about benefits of Mycotoxin binders is necessary. Strict government regulation policies tend to hamper the operational processes and hinder the market.

Feed Mycotoxin Binders Market is segmented based on Type, Application and Region.

Type Insights

On the basis of Type, the target market is segmented into Bentonite, LSCAS HSCAS, Zeolites, and Polysaccharide. LSCAS (Liver Source of Condensed Tannins) dominates the feed mycotoxin binders market with a market value of US $ 79.1 million in 2023. Being natural and sustainable approach, versatile in contamination challenges attracts the adoption in the targeted market. Porous nature of zeolites and capability to adsorb and attract mycotoxins contributed to healthy livestock and improved animal health.

Application Insights

On the basis of Application, the target market is segmented into Poultry, Swine, Ruminant, Aquaculture, and Equine. Poultry segment is expected to be the largest and fastest growing segment. Rapidly growing population coupled with increased consumption of poultry products such as egg, meat has boost the segment growth. Growing concerns, awareness and enhanced feed efficiency have led to increase demand for mycotoxin binders in poultry segment.

Regional Insights:

On region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

• North America market is estimated to witness a significantly high revenue share over the forecast period due to adoption of mycotoxin binders for safe and high-quality livestock and livestock-based products. Increasing awareness regarding food safety, stringent quality regulations boost the feed mycotoxin binders market in the region.  Corn, wheat are major crops used for feed production and they are highly susceptible to mycotoxin contamination, thereby increasing the use of mycotoxin binders.
• Asia Pacific market is estimated to witness a fastest revenue share over the forecast period due to high demand for dairy, meat, poultry products which increase the need for feed mycotoxin binders to achieve healthy livestock. High investment opportunities along with favorable government policies to set up facilities favors the feed mycotoxin binders market to flourish. Presence of great manufacturers in region such as Kemim Industries, Inc., Novus International, Inc. will flourish the regional demand during the forecast period. Adverse climatic condition leading to increases cases of contamination, increases demand for feed mycotoxin binders in the region.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034.

• BASF SE
• Vetline Inc.
• Kemin Industries
• Bayer
• Alltech
• Virbac Group
• Novus International
• Selko
• Anfotel Nutrition
• Biomin Holding GmbH.

The New Launched Product News,

• In April 2022, Jordan’s Manaseer group launched mineral-based mycotoxin binder, Animax. Binding functionality was tested by Triology Laboratory in Germany, a third-party analytical firm. It mainly works by reducing the harmful effects of mycotoxins, mainly Aflatoxins B1and tends to boost nutrition, health, and immunity of animals. Trials were conducted with 50g of Animax/head/day, improving the immunity of dairy cattle along with improving health and other parameters.
• In November 2021, Avitech Nutrition launched  Tri-sorb, a premium toxin binder for animal feed industry. ABC principles, Adsorption, Biotransformation and Colonisation, were used to combat mycotoxin contamination. This provided industries a comprehensive mycotoxin management strategy as it effectively deactivates, eliminates the mycotoxins present.

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• Bayer
• Alltech
• Virbac Group
• Novus International
• Selko
• Anfotel Nutrition
• Biomin Holding GmbH
• Kemin Industries
• Vetline Inc.
• BASF SE