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Feed Mycotoxin Binders Market size to exceed $290 million by 2028

  • Published Date: March 14, 2022

According to a new research report by Global Market Insights Inc., the Feed Mycotoxin Binders Market size is estimated to surpass USD 290 million by 2028. Increased production of meat & aquatic products, technological innovations in the meat processing industry are expanding high-quality meat demand and accelerating the animal feed additives demand.

Growing awareness among manufacturers pertaining to animal health has led to a rise in the demand for animal feed additives to achieve high productivity and maintain animal health, which will drive product growth. The upscaling preferences of consumers in meat and meat production bestows a broader opportunity for the feed mycotoxin binders market.

Rise in livestock production including cattle, swine, poultry, and aquaculture, owing to rise in the demand for animal-derived products, including milk, meat, and eggs, along with growing livestock exports has assisted the desire for maintaining a healthy animal diet for protection from the ill-effects. The rigorous efforts of the R&D teams of various manufacturers focus on developing a package of natural and nutrifying feed by the inculcation of natural additives.

A supportive regulatory landscape to standardize meat products has promoted the use of mycotoxin binders in animal feed to reduce feed toxicity caused by mycotoxins that are considered as residual impurities left in animal-derived products affecting human health. This factor will have a positive impact on product demand of mycotoxins, which will favor industry upscaling. The similar actions and assistance from the governing authorities in the sector aids the rapid growth in the adaptation of feed mycotoxin additives into the livestock feed scenario.

The growing emphasis on animal nutrition to provide high-quality products is likely to boost zeolites demand.

Zeolites feed mycotoxin binder products accounted for over $15 million in 2021 and forecasted to witness a substantial growth of 8% at the end of 2028 owing to high consumer preference towards more natural additives and sustainable product ingredients in animal nutrition and feed supplements.

Zeolites are hydrated aluminosilicate minerals made from interlinked tetrahedra of alumina and silica. Moreover, zeolites offer nourishing potential for prevention and treatment of various diseases and illness caused to the livestock. The consumption of these harmful toxic strains may cause diseases and even mortality. These binders coagulate and bind secondary metabolites reducing the noxious effect on feed ingredients.

Zeolites have highest cation exchange capacity which helps in adsorbing ammonium, toxins, and heavy metals. It acts as an anticaking agent and improves uniform dispersion of feed ingredients Zeolites market is consumed with high potential for utilization in the Asia Pacific and Latin American regions where the livestock handlers prefer natural additives over synthetic components to nourish the livestock in the most desirable process of development. The use of zeolites is majorly focused on the swine, poultry and also observed traces in the aquaculture feed sector.

Browse key industry insights spread across 213 pages with 176 market data tables & 38 figures & charts from the report, “Feed Mycotoxin Binders Market Size, By Product Type (Bentonite, HSCAS, Zeolites, Polysaccharides) By Livestock (Poultry, Swine, Ruminant, Aquaculture, Equine), Regional Outlook, Price Trend, Competitive Market Share & Forecast, 2022– 2028” in detail along with the table of contents:

Increasing investments by swine feed manufacturers into multifunctional products with high efficiency accelerates the market growth.

Swine livestock segment accounted for over USD 80 million in 2028 and is forecasted to grow over 9% in volume by 2028 owing to increasing product adoption rate in swine feeds for enhancing immunity, pathogen resistance and maintaining gut health. Mycotoxin binders are added to the diet to prevent pigs from absorbing toxins from contaminated feed. Increasing consumption of swine meat in the U.S. and European countries will favor the feed mycotoxin binders market growth.

Strong growth in the animal feed sector and increasing meat and poultry consumption of in Asia Pacific region will foster product demand

As per regional market analysis, Asia Pacific has highest animal feed production and shall account for over USD 85 Million by 2028 Growing livestock population and rise in demand for animal-derived products accompanied by government initiatives such as schemes and subsidies promoting animal health and feed production may drive industry growth in this region. China is a leading producer of animal feed consisting of more than 6,000 feed mills. India's animal feed additives market size is witnessing significant gains owing to strong R&D spending, changing farming techniques along with growing concern for food security.

China shows great potential for market enhancement as the consumption of meat products mainly of swine has been projected to grow over 9 % CAGR. Due to rise in protein intake for better diets along with a positive outlook towards meat processing industry in this region rise in demand for healthy and high-quality meat products is likely to drive animal feed industry. Increasing instances of animal diseases in the region which may harm human health on consumption may stimulate adoption of feed mycotoxin binders in animal feed products.

The global feed mycotoxin binders industry share is fragmented with industry players including Bayer, Alltech, Kemin, Bentoli, Kemin, Biomin, and Selko. Other companies operating in this market include Novus Inc, Virbac, FF Chemicals, VL Vipro, Impextraco, and Vetline.

According to market trends, several market players are also involved in various strategies and initiatives including technological advancements and product launches in order to gain substantial market share. For instance, Kemin Industries offers the TOFIN range of mycotoxins with activated clays and non-digestible organic sources. These binders offer protection against aflatoxins, fumonisins, trichothecenes, ergoalkoloids, ochratoxins, and zearalenone.

Authors: Kunal Ahuja, Tushar Malkani

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