Mycotoxin Binders Market

Global Market Study on Mycotoxin Binders: Increasing Focus on Quality of Meat Products Driving Market Expansion

Mycotoxin Binders Market Segmented By Raw Clays, Aluminosilicates, Polysaccharides Types in Poultry, Swine, Ruminant, Aqua, Pet

Market Snapshot

By value, Persistence Market Research has projected around 4.5% CAGR for mycotoxin binder sales during 2021-2031. China, India, the U.S., Germany, and the U.K. are prominent countries in this space. Collectively, the regions of South Asia and East Asia are expected to hold more than 50% market share through 2031.

Find Out More about the Report Coverage

Companies

  • Biomin
  • G. M. BIOCHEM
  • BASFSE
  • Cargill, Incorporated
  • Alltech
  • Impextraco NV
  • Kemin Industries, Inc.
  • Micron Bio-Systems
  • Olmix Group
  • Perstorp Holding AB
  • Special Nutrients
  • Clariant
  • Others (On additional Request)

Key Market Insights Offered in Mycotoxin Binders Industry Survey:

  • Market Estimates and Forecasts (2016-2031)
  • Key Drivers and Restraints Shaping Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand Share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Mycotoxin Binder Sales and How to Navigate
  • Recommendation on Key Winning Strategies

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Sales Analysis of Mycotoxin Binders from 2016 to 2020 Vs Market Outlook for 2021 to 2031

Historically, from 2016 to 2020, the use of mycotoxin binder increased at around 3.4% CAGR, wherein, countries such as India, China, Japan, Thailand, and a few other Asian countries held a significant share in the global market.

These countries are among the leading exporters of poultry and swine, owing to increase in demand for such products in the global market. Rapid urbanization, increasing disposable income, and better quality of life are major factors driving consumer expectations for feed quality and safety.

To ensure these standards are met, producers are trying to embrace technologies and chemicals that can ensure high quality animals and by-products as well.

Apart from this, constantly rising temperatures across the globe is sure to increase the incidence of mycotoxins in animals and crops, which will encourage the use of mycotoxin binders in different feed products.

Considering these shifts and factors, the mycotoxin binders market is anticipated to expand at a healthy CAGR of around 4.5% over the forecast period.

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What are the Key Opportunities for Mycotoxin Binder Manufacturers?

Increasing global consumption of animals and their derived products has created opportunities not just for producers but for feed & nutrient suppliers as well. There are numerous opportunities for mycotoxin binder manufacturers for expanding their market share by providing generalized and animal-specific products to eliminate all mycotoxins.

Production of swine, aquaculture, ruminants, poultry, and other species have shown a drastic increase owing to increasing population and consumption numbers still increasing.

South Asian countries are amongst the most affected countries for mycotoxins. Aflatoxin is found with the highest prevalence of around 87%. Rapid economic development and greater dietary acceptance of meat and poultry as well as eggs and fish have resulted in continuous high rates of growth in feed additives in the South Asian feed industry.

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What are the Main Restraints that Mycotoxin Binder Suppliers Face?

Contamination that is caused by the inception of mycotoxins in any organism drastically reduces the availability of food & feed. Hence, producers all around the world are looking for ways to hinder their growth in both, crops & animals.

But due to the ever-evolving need for these binders, there are many options available, both, inorganic and organic mycotoxin binders, which pose as a hindrance to the market growth of inorganic mycotoxin binders.

  • According to a research published in the World Mycotoxin Journal, there are some interesting alternatives to inorganic adsorbents for the purpose of detoxifying mycotoxin, such as organic binders including yeast cell wall components, synthetic polymers such as (cholestyramine, polyvinylpyrrolidone), dietary fibers, and humic substances.

Will Increasing Use of Compound Feed Boost Sales of Mycotoxin Binders?

Majority of animal farms across the globe are adopting feed tailored specifically for different age groups of animals, popularly known as compound feed over normal feed. This is expected to benefit additive suppliers, as compound feed is formulated by blending various raw materials and additives together.

This feed offers a whole new set of benefits to producers of any species, including performance, convenience, consistency, efficiency, economy, quality, trackability, service, nutrition, value, and a good return on investment.

  • As per the U.S. FAO, the compound feed market is anticipated to be more than US$ 500 Bn by 2023 due to high demand for nutritious meats, rise in organized farming, precision nutrition, and high consumption of animal-based foods such as meat, which is anticipated to reach 77.82 pounds per capita by 2025.

How Will Changing Landscape of Feed Industry Benefit Mycotoxin Binder Providers?

Trends that are highlighted by reports published by global feed associations clearly indicate that the feed industry is in its glory days, with the market expanding every year and anticipated to do so in the near future as well. This is due to growing population and popularity of meat and other animal-derived products. This creates a major market expansion strategy for manufacturers of mycotoxin binders.

  • According to the International Feed Industry Federation (IFIF), world compound feed production is estimated to be 1 Bn tons annually, with the global feed industry generating an estimated annual turnover of US$ 400 Bn. Furthermore, according to The United Nations Food and Agriculture Organization (FAO), demand for food will grow by 60% in 2050, and between 2010-2050, animal protein is anticipated to grow by 1.7% per year, meat production by 70%, aquaculture by 90%, and dairy by 55%.

Will Growth in Poultry Production Lead to Better Outreach of Mycotoxin Binder Products?

Demand for poultry has increased, and ready-to-eat poultry products are penetrating the market at a significant rate. In the Middle East & African (MEA) region, poultry production has grown rapidly but has not kept pace with consumption growth, resulting in rising imports.

U.S. poultry shipments, mainly broilers, saw rapid growth over the past 10 years, with the biggest customers being Iraq and the United Arab Emirates. These regions are also susceptible to high mycotoxin contamination due to favourable temperature condition.

Such surge in production and imports & exports opens up optimistic market growth opportunities for manufacturers of mycotoxin binders. To summarize, as the capacity for large-scale poultry operations has grown, so has the demand for animal feed and feed additives, including mycotoxin binders.

Country-wise Analysis

Why is China a Prominent Market for Mycotoxin Binders?

The market in China is projected to be valued at around US$ 400 Mn in 2021.

According to World Bank data, China alone accounted for 57% of world swine production in 2021 and 64% of global aquaculture species production in 2018. Statistical publications by various organizations have indicated higher level consumption of meat, rapid and steady growth of livestock production, continued trade of animal products, and higher dairy output in this country.

Majority of key players operating in the feed and feed additives industry have set up offices and factories throughout China, which makes China one of the most prominent markets for feed additives.

Taking these factors into consideration, China is expected to dominate the production of feed additives, including mycotoxin binders, and is expected to set high standards for quality assurance and quality control management across the globe.

What are the Potential Growth Opportunities for Mycotoxin Binder Manufacturers in the U.S.?

The U.S. market is expected account for 87% share of the North American market.

Majority of key players in the country are investing heavy amounts on technological advancements and research activities to introduce products in new markets, and maintain a sustainable demand & supply chain while also ensuring market expansion.

Various manufacturers have integrated state-of-the-art technology in their production plants, and some are also providing cutting-edge technology solutions to clients. This ensures product delivery of the highest quality standards and also ensures long-lasting business bonds with clients.

Integration of technology also improves sustainable product availability in the market. Key players have also ensured the compliance of feed safety procedures in processing plants. Reluctance of manufacturers for high quality products is obvious, as their product’s efficacy affects not just animal health but also others who consume it.

  • Kemin Industries, Inc., headquartered in the U.S., provides a number of services under its Service to Customers section for its customers worldwide. These services include rigorous raw material risk assessments and quality management systems, tailored customer lab services, product application support, and technical expertise.

Category-wise Insights

Which Animal Category is Expected to Dominate the Market for Mycotoxin Binders?

By animal category, the poultry industry is expected to dominate demand for mycotoxin binders, with approximately 30% of global share in 2021.

Poultry is considered to be one of the fastest-developing segments in the agricultural sector in Asian countries, especially in China and India. Potential in this segment is due to a combination of factors such as rapid urbanization, growth in per capita income, and rapidly expanding middle-class population.

The poultry industry has also involved sizable investments in breeding, hatching, rearing, and processing. This has resulted in increased demand for feed additives such as mycotoxin binders to deliver high quality products. The use of mycotoxin binders in poultry feed is meant to improve egg production and quality.

What are the Impacts of COVID-19 on the Sales of Mycotoxin Binders?

The animal feed additive industry is witnessing substantial growth from the past few years as developing countries are experiencing rapid rise. COVID-19 has impacted various industries, and the global economy is facing negative consequences.

Feed production has exhibited sharp rise and has reached 1 Bn tons mark. Nevertheless, production outcome in 2020-21 is expected to show a moderate decline as top producing countries witness high impact due to COVID-19. As restrictions have been eased, manufacturers have started the production of feed additives, which is subsequently benefitting the market for mycotoxin binders.

Competitive Landscape

Key players engaged in the production of mycotoxin binders are focusing on business expansion strategies to gain increased market share, acquire greater resources, and ensure business expansion.

Companies are involved in various acquisitions, partnerships, mergers, and joint ventures to propel their market position.

  • In June 2021, Alltech announced its regional expansion in new market, i.e. Bangladesh, looking for a potential regional or national aqua distributor in the country. Bangladesh has a broad farmer base with more than 3.08 Mn people actively working in the aquaculture sector.
  • In June 2020, DSM completed the acquisition of Erber group’s owned Biomin and Romer Labs for US$ 1.1 Bn. This acquisition strengthened DSM’s expertise as a leading provider of animal health and nutrition solutions for farm productivity and sustainability.
  • In October 2020, Perstorp Holding AB signed a distribution contract with Sergal, a specialist in biosecurity and feed additives, as the only official distributor for Spain for its line of additives for animal feed. Sergal will distribute ProPhorce SR, ProPhorce water solutions, ProPhorce Feed Hygiene, ProPhorce AC 299, and ProPhorce AC 600 across Spain.

Similarly, recent developments related to companies manufacturing mycotoxin binders have been tracked by the team at Persistence Market Research, which are available in the full report.

Mycotoxin Binders Market Report Scope

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

US$ Mn for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • MEA
  • East Asia
  • South Asia
  • Oceania

Key Countries Covered

  • United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • BENELUX
  • South Africa
  • GCC Countries
  • China
  • Japan
  • South Korea
  • India
  • Indonesia
  • Malaysia
  • Singapore
  • Australia and New Zealand

Key Market Segments Covered

  • Type
  • Animal Category
  • Region

Key Companies Profiled

  • Biomin
  • G. M. Biochem
  • BASF SE
  • Alltech
  • Impextraco NV
  • Micron Bio-Systems.
  • Perstorp Holding AB.
  • Special Nutrients
  • Clariant.
  • Olmix Group
  • Kemin Industries, Inc.
  • Cargill Incorporated.

Pricing

Available upon Request

Key Market Segments Covered in Mycotoxin Binders Industry Research

By Type

  • Raw Clays
  • Aluminosilicates
  • Polysaccharides
  • Others

By Animal Category

  • Poultry
  • Swine
  • Ruminant
  • Aqua
  • Pet
  • Others

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Media Release

- FAQs -

At present, the global mycotoxin binders market is valued at over US$ 206 Mn.
From 2016-2020, the mycotoxin binders market expanded at the rate of 3.4%, owing to increased utilization as an ingredient in different feed applications
Demand for mycotoxin binders is anticipated to register a growth rate of around 4.5% through 2031.
Market trends such as'evolving landscape of feed industry' and 'increasing animal health concerns' are shaping market growth.
Top 5 key players providing mycotoxin binders hold an approximate market share of 25%.
The U.K. is expected to witness the highest growth of approximately 5.5% in the European region, owing to increasing animal health consciousness in the country.
The U.S. U.K., India, Germany, and China are countries dominating demand for mycotoxin binders.
Sales of mycotoxin binders in South Korea and Japan are expected to witness high volume growth at anticipated volume CAGRs of 5.2% and 5.9%, respectively.
Demand for mycotoxin binders is being triggered due to rising consumer awareness regarding meat quality and product safety.
At present, the global mycotoxin binders market is valued at over US$ 206 Mn.
From 2016-2020, the mycotoxin binders market expanded at the rate of 3.4%, owing to increased utilization as an ingredient in different feed applications
Demand for mycotoxin binders is anticipated to register a growth rate of around 4.5% through 2031.
Market trends such as'evolving landscape of feed industry' and 'increasing animal health concerns' are shaping market growth.
Top 5 key players providing mycotoxin binders hold an approximate market share of 25%.
The U.K. is expected to witness the highest growth of approximately 5.5% in the European region, owing to increasing animal health consciousness in the country.
The U.S. U.K., India, Germany, and China are countries dominating demand for mycotoxin binders.
Sales of mycotoxin binders in South Korea and Japan are expected to witness high volume growth at anticipated volume CAGRs of 5.2% and 5.9%, respectively.
Demand for mycotoxin binders is being triggered due to rising consumer awareness regarding meat quality and product safety.

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