Mycotoxin Binders Market, By Type of Source (Organic, and Conventional), By Type of Form (Dry, Liquid, Others), By Type of Livestock (Swine, Ruminants, Poultry, Aquatic animals, and Others), By Region Analysis - Global Analysis And Industry Forecast Report Till 2030.

The Mycotoxin Binders Market is projected to grow from $145.9 million to $367.21 million, at a CAGR of 10.8% during the forecast period 2021-2030.

Mycotoxin binders are substances used in animal feed to trap mycotoxins. Mycotoxins also prevent them from entering the bloodstream. Mycotoxins can cause serious harm to animals. These binders immobilize mycotoxins in the livestock's gastrointestinal tract, minimizing their bioavailability and tightly binding them. This process is also called adsorption because it detoxifies the mycotoxins in the animal's body.

An effective mycotoxin binder must meet five scientifically proven criteria such as high adsorption capacity, binding only to mycotoxins, and being irreversible, safe, and scientifically proven. The mycotoxin binders market is expected to grow at a fast rate during the forecast period of 2021 to 2030.

Market Dynamics:

Drivers:

The acute and chronic food exposure can cause a variety of adverse effects on human and animal health, making these chemically diverse substances highly relevant agricultural contaminants. They commonly occur together in agricultural products, and exposure to mycotoxin combinations is widespread through a variety of diets. There are approximately 500 identified mycotoxin strains across the globe. These are the features of mycotoxins that are boosting the growth of this market.

Restraints:

Prominent use of mold inhibitors, acidifiers, and other feed preservatives as feed additives and lack of awareness among small-scale livestock growers are expected to hamper the growth of the mycotoxin binders market. Most livestock growers do not consider mycotoxin binders as necessary feed additives and other feed additives such as mold inhibitors, acidifiers, and other feed preservatives to improve livestock feed extend feed shelf life, and improve animal health and wealth. This is because mycotoxin binders are considered to contribute to additional costs and act to restrain the market growth. All of the above factors are likely to hinder market growth.

Opportunities:

Growing demand for feed mycotoxin binders and modifiers provides market growth opportunities, especially in developing countries such as China, India, Brazil, and Argentina. Owing to large-scale farming, feedlot-raised poultry, and aquaculture can be considered major growth segments for the mycotoxin binders market in South America and Asia-Pacific. The growth potential of the use of mycotoxin binders is supported by factors such as increased meat consumption and emphasis on feed safety and animal health to meet intensifying feed demand. Ongoing disease outbreaks in livestock may also impact the use and market growth of mycotoxin binders. These factors are contributing to bringing many opportunities in this market.

Key Players:

• BASF

• Vetline

• Kemin Industries

• Bayer

• Alltech

• Virbac Group

• Novus International

• Selko

• Anfotel Nutrition

• Biomin

• FF Chemicals

• Bentoli

• VisscherHolland

• VL Vipro

• Amlan International

• Impextraco NV

• Feed Industryrvice

Market Segmentation:

Mycotoxin Binders Market, By Type of Livestock

• Swine

• Ruminants

• Poultry

• Aquatic animals

• Others

Mycotoxin Binders Market, By Type of Form

• Dry

• Liquid

• Others

Mycotoxin Binders Market, By Type of Source

• Organic

• Conventional

Mycotoxin Binders Market, By Region Type

• North America 

• Europe 

• Asia-Pacific 

• LAMEA 

Regional Analysis:

North America dominates the mycotoxin binders market because of the high water solubility of mycotoxin binders and modulators. It is expected to be the largest region in this market. There is also a need for safe and high-quality livestock-based products, food safety vigilance, and stringent quality guidelines, which aim to reduce, stop, and eliminate the occurrence of mycotoxin contaminants in the food chain. This in turn will boost the growth of the mycotoxin binders market in the region.

Asia Pacific is poised to witness significant growth in the mycotoxin binders market, anticipated to be the fastest-growing region in this market. This is due to the significant population growth and strong development. Moreover, the rising middle-class population owing to the increasing demand for animal food is expected to propel the growth of the market in the region during the forecast period.

Scope of the report:

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