Feed Mycotoxin Binders Market - By Product Type (Bentonite, HSCAS, Zeolites, Polysaccharides), By Livestock (Poultry, Swine, Ruminant, Aquaculture, Equine) & Forecast, 2022-2028

Industry Overview

Feed Mycotoxin Binders Market size exceeded USD 145 million, globally in 2021 and is estimated to grow at over 10% CAGR between 2022 and 2028 owing to the growing consumer spending on high protein food products owing to numerous benefits including muscle strength improvement will promote the need for livestock cultivation.
 

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Mycotoxin binders are the feed additives that are responsible for binding the mycotoxins referring to the chemical compounds produced by the microorganisms. They affect animal performance and prevent them from getting absorbed in the gut and into blood circulation. Growth in the incorporation of feed additives as essential growth-promoting supplements to enhance quality of animal-derived products along with need to control rising animal-borne diseases in humans will have a positive impact on feed mycotoxin binders market.
 

Increasing meat & meat products consumption globally coupled with easy availability of meat products due to efficient distribution channels such as supermarkets and retail stores is likely to promote industry growth. Global meat & meat products consumption accounted for over 40 kg per person per year. Besides, rise in financial support to farmers for carrying out supporting agribusinesses along with need for cost-effective and efficient animal nutrition products is anticipated to further boost the feed mycotoxin binders market share.
 

Steady growth in the global animal feed additives industry may surpass 6.4 million tons by 2028. Toxin binders including bentonites and zeolites help in the effective binding of aflatoxin, which is likely to boost industry growth. However, utilization of mycotoxins in poultry feed may increase toxicity, cause losses in fertility & hatchability, and reduce immunity & nutrient absorption capability of birds.
 

Promotive application scope of mycotoxin binders as additive in animal feed industry to boost overall market share

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Based on product, feed mycotoxin binder market is segmented into bentonite, HSCAS, zeolites, polysaccharides, and others. The demand for bentonite products is anticipated to surpass USD 74 Million by 2028. Bentonite is a type of clay derived from ancient volcanic activity primarily comprising of montmorillonite. The characteristics of the product being odorless, natural, non-corrosive, and chemically inert accords to desirability. This growth in demand can be attributed to improved pellet quality, flowability, feed efficiency, rate of gain, and production.
 

Bentonite is a natural clay containing aluminosilicates that have high binding affinity towards aflatoxins. Supporting regulatory norms by EU Commission regarding approval of potential of bentonite to reduce aflatoxin contamination mainly in ruminants, pigs and poultry feed will positively impact industry growth. Moreover, positive regulatory outlook from FDA regarding GRAS approval of bentonite as animal feed additive will further promulgate feed mycotoxin binders penetration rate.
 

The increasing need to resistance building feed for various diseases to intensify feed mycotoxin binder demand

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Based on Livestock, the market is segmented into poultry, swine, ruminants, aquaculture, equine, and others. Poultry livestock segment is anticipated to surpass over USD 145 million by 2028. Rising demand for protein-rich animal-derived products including poultry meat, and eggs, along with growing livestock exports should drive segment growth. Moreover, growing awareness among poultry farmers towards importance of mycotoxin risk management for enhancing production and performance of birds will augment the feed mycotoxin binders market sales.
 

Europe mycotoxin binder industry growth is attributed to strong growth in feed industry and steady demand for meat products

The Europe feed mycotoxin binders market revenue is projected to register gains of over 7.5% CAGR between 2022 to 2028. Changing consumer preferences towards more diet-centric nutrition and high protein consumption should induce the poultry market and production in Europe. Growing ascendency toward nutrition security, which ensures efficient protein and calorie supply has led to the development of sustainable policies such as EU policy paper to boost livestock production.
 

Rising support by the governments for poultry sector with promotion of use for more enriching additives in the livestock consumption is expected to drive the market in the region. Moreover. favourable regulatory norms by the EU Commission and FDA regarding the inclusion of mycotoxin binders in feed and their safe use for human and animal health will favour the product demand.
 

For instance, government initiatives such as MycoKey project which is funded by the EU Commission under Horizon 2020 Program will help in strengthening knowledge towards the usage of feed mycotoxins binders in the region.
 

Improved sustainability and environmental performance by optimizing farming operations to increase productivity should favour industry growth.

Global feed mycotoxin binders industry is extensive and competitive with key players including BASF SE, Selko B.V, Vetline, Kemin Industries Inc., BIOMIN Holding GmbH, Alltech Inc., Vibrac, and Novus International Inc. These companies have managed to establish the trust of the consumers to divert their interest to the protein-enriched feed by the introduction of feed mycotoxin binder as the regular additive.
 

Companies are engaged in product launches, joint venture, partnerships, and innovations to expand their product portfolio and cater to the rising product demand. In November 2018, Biovet has initiated a patent of its invention of a procedure to evaluate mycotoxin binding capacity of monogastics and polygastrics ruminants. The technology analyses mycotoxin and mimics the route of feed through the digestive tract including the different pH and absorption systems of the epithelium.
 

In September 2018, Biomin launched the Spectrum Top 50, which allows the identification of more than 50 different mycotoxins and metabolites in finished feed and raw materials. Through this launch, the customers can benefit by having a full view of the mycotoxin situation in their feed and speed up the scope of Spectrum Top 50 in the market.
 

In July 2016, Kemin launched TOXFINTM 3600 dry powered with Synthetic Tecto Silicates (STS) to prevent mycotoxins in animals. This strategic initiative helped the company to expand its reach in Southeast Asia.
 

The feed mycotoxin binders market report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in Kilo Tons revenue in USD Million from 2022 to 2028, for the following segments:

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By Product

• Bentonite
• HSCAS
• Zeolites
• Polysaccharides
• Others

By Livestock

• Poultry
• Swine
• Ruminants
• Aquaculture
• Equine
• Others

The above information has been provided for the following regions and countries:

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Netherlands
  • Poland
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Thailand
  • Indonesia
• Latin America
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • Turkey
  • Iran
  • South Africa