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Feed Mycotoxin Binders Market 2019-2024 Outlook, Industry Insights and Global Projections

Author : Rahul Sankrityayan | Published Date : 2019-06-13 

Global Market Insights, Inc. added research on Feed Mycotoxin Binders Market is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, market also includes an in-depth study of the industry’s competitive scenario.

Feed mycotoxin binders market, over the recent years, has been exhibiting an encouraging growth potential owing to the worldwide rise in consumption of meat products coupled with the increased consumer inclination toward safe and healthy food. Furthermore, the recent spurt in instances of livestock based ailments caused by contaminated feed ingredients have necessitated a wide scale usage of feed binders to lower the toxic effects. Reportedly, these binders prevent contamination of compound feeds and animal feed ingredients by toxic metabolite moulds known as secondary metabolites. The increased usage of these binders is bound to contribute toward the swift expansion of feed mycotoxin binders industry share across the globe.

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While elaborating further on the growth prospects of feed mycotoxin binders industry, it is quite imperative to take note of the regulations set forth by various governmental and safety agencies across the globe. The major regulations prescribed by these authorities are directed toward standardizing meat and poultry products by mandating the usage of toxin binders and other feed additives. Furthermore, the rising prevalence of antibiotic resistance in animals across the world has compelled the regulatory agencies to lay down strict guidelines in a bid to regulate the usage of antibacterial growth promoters and antibiotic medicines.

Feed Mycotoxin Binders Market, By Product

  • Bentonite
  • HSCAS
  • Zeolites
  • Polysaccharide
  • Others

Zeolite mycotoxin binders demand is anticipated to steadily grow and surpass USD 15 million during forecast period due to its natural occurrence, non-toxicity and organic characteristics along with offering ability to reduce odors from spoiled grains in enclosed animal facilities. They also reduce chances of livestock suffering from scours, acidosis, diarrhea and enteritis thus driving product demand.

U.S. feed mycotoxin demand is likely to grow significantly during forecast timeframe and surpass USD 40 million at end of 2024. Stringent norms & policies by safety and health agencies which include FDA, FSA and NSF towards standardizing swine, ruminant, and poultry meat products should drive regional demand. Growing consumer awareness for diseases which include swine and bird flu, diarrhea and intestinal health should further boost regional industry size.

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Key raw materials required for commercial production of mycotoxin binders are activated charcoal, organic acids, bentonite, yeast cells and HSCAS. Volatile raw material market price due to application in numerous industries along with high procurement risk might hinder industry growth. High inclusion cost for these products by livestock farmers also might impede product demand.

Feed Mycotoxin Binders Market, By Livestock

  • Poultry
  • Swine
  • Ruminant
  • Aquaculture
  • Equine
  • Others

Germany feed mycotoxin binders market size from ruminant applications should generate revenues surpassing USD 2 million by end of 2024. Prevalent government initiatives towards animal welfare coupled with increasing livestock population should propagate product demand. Growing demand for red meat in Europe should strengthen product demand.

Feed mycotoxin binders market size from swine consumption should emit significant growth rates during projected timeframe. This growth can be attributed to increase in meat consumption rates due to protein intake. Swine are prone to pathogenic attacks which can be reduced by offering high quality & safe feeds thus complimenting product demand.

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Global feed mycotoxin binders industry share is competitive & moderately fragmented and some of the market players include Alltech, Biomin, Bentoli and Kemin. These industry participants focus on reinforcing their regional presence expanding their manufacturing capacity. They adopt strategies like acquisition, mergers and partnerships to expand their product & technology portfolio.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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