Feed Mycotoxin Binders Market size to exceed $200mn by 2026
Published Date: December 17, 2019 Authors: Kunal Ahuja, Amit Rawat
Feed Mycotoxin Binders Market size is set to surpass USD 200 million by 2026; according to a new research report by Global Market Insights, Inc.
Feed mycotoxin binders or adsorbents are chemicals which are added in small quantities to animal feed to trap mycotoxins and prevent absorption in the blood stream. Mycotoxin binders are nutritionally inert substances synergized to animal feed to tightly hold and restrict mycotoxins movement in the gastrointestinal tract of animals. Overall market size is also affected by increasing mycotoxin detoxification process adoption among poultry sector.
Feed mycotoxin binders are natural clays including bentonites, silicates, zeolites, and polysaccharides are effective against a wide range of mycotoxins and are eliminated through the fecal matter. Feed mycotoxin binders as cost-effective natural products, in the feedstuffs opens up new opportunities for the market. Natural clays are generally very effective against aflatoxins where inorganic adsorbing agents like yeast and polysaccharides have binding properties for multiple mycotoxins such as ZEA and fusarium, thus stimulating market growth.
Prevention of aflatoxin absorption to drive market demand for zeolite feed mycotoxin binders
As per market insights, feed mycotoxin binders from zeolites witnessed a market size over USD 12.4 million in 2018. High levels of aflatoxins lead to economic losses to livestock business along with negative economic impacts on feed stuff producers’ levels including yield loss, production cost accompanies by high storage cost. Toxin contamination due to mycotoxin poisoning along with increased risk of disease due to immunosuppression and damage to vital organs may increases the chances if animal death.
As per market analysis, zeolites helps in controlling aflatoxin absorption which lowers mortality rate from digestive stress and reduces need for antibiotics and medicines which is likely to spur feed mycotoxin binders market demand. Zeolites market growth is primarily due to its use as feed binders in feedstock manufacturing since it stimulates the lining of intestinal tract that increases the production of antibodies and decreases toxic chemicals accumulation.
Browse key industry insights spread across 200 pages with 176 market data tables and 38 figures & charts from the report, Feed Mycotoxin Binders Market Share By Product (Bentonite, HSCAS, Zeolites, Polysaccharides), By Livestock (Poultry, Swine, Ruminant, Aquaculture, Equine), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 – 2026” in detail along with the table of contents:
Feed mycotoxin binders market growth attributed to addition of feed improvers to stimulate ruminants performance and parameters of gut health
Ruminants are highly susceptible to livestock related diseases since they consume forages, by-product feeds and wet feeds which exposes them to a broader range of mycotoxins. In order to defense against pathogen and diseases, growth stimulator and toxin contamination preventers helps in stimulating immune response and pathogen resistance thereby driving overall market demand for feed mycotoxin binders.
Mycotoxins impact dairy cows by lowering feed consumption (aflatoxins and T2-toxin), controlling immunity, reproduction, and effecting productivity, thus encouraging demand for feed mycotoxin binders. Ruminants market size from feed mycotoxin binders will grow owing to the product utilization as natural growth promoters for high livestock yield, which will favor overall industry growth.
Significant industrial livestock production demand in Europe to stimulate feed mycotoxin binders industry growth
The occurrence of mycotoxin contamination in animal derived products will stimulate feed mycotoxin binders market outlook in this region, thus leading to overall industry trends. For instance, in 2013, there was an outbreak of aflatoxin contamination of milk in several European countries including Croatia, Serbia, and Romania has led to stringent regulatory limitations on alfa-toxin levels in feed.
As per market statistics, supportive regulatory norms by European Food Safety Authority (EFSA) which has included mycotoxin binders in the feed additive list categorized under substances for the reduction of contamination of feed by mycotoxins will foster market growth by 2026. This regulation intends to suppress and reduce absorption, promote excretion of mycotoxins by modifying their mode of action. EFSA conducts, collects and evaluates occurrence data of mycotoxins in feed and food with guidelines to assess and facilitates a flexible risk assessment modeling approach to reduce feed contamination.
Various market leaders involved in feed mycotoxin binders market are commercializing production process to achieve industrial scale manufacture, reduce costs and achieve market growth. Key market players in the feed mycotoxin binders industry include are BASF, Kemin, Bayers, Impextraco, Alltech, Novus International, Bentoli, Selko, and Biomin.
Explore More on Related Topics: