January 14, 2020
As per the latest study titled ‘Feed Mycotoxin Binders Market Size 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’ available with Market Study Report LLC, the global feed mycotoxin binders market is presumed to amass US $200 million by the year 2026.
Rising concerns regarding animal gut health, along with the necessity to improve safety and nutritional value of the animal feed are propelling the growth of feed mycotoxin binders market. Feed contaminants such as mycotoxins cause various ill-effects among the animals, such as lower feed intake, reduced reproductive performance, and deterred cattle development, which has in turn motivated farmers to add mycotoxin binders in feed to ensure animal health, thereby augmenting the market outlook.
The report cites that feed mycotoxin binders are widely used in dry form as it is easier to measure the quantity and mix with feed ingredients. Increasing instances of feed contamination across poultry and swine livestock, coupled with the introduction of nanotechnology in the field is slated to fuel the expansion of feed mycotoxin binders market.
Speaking of the product spectrum, HSCAS (hydrated sodium calcium aluminosilicate) segment registered 47% revenue share of feed mycotoxin binders market in 2018 and is presumed to grow significantly in the upcoming years. HSCAS is known to effectively bind and manage feed contaminants like zearalenone, fumonisin, and aflatoxin, while ensuring improved performance, productivity, and mortality of the feedstock.
In terms of the livestock terrain, feed mycotoxin binders market will register accelerated growth from ruminants, poultry, and swine segments during 2019-2026. Voluntary feed intake among swine, driven by olfactory and taste senses, leads to the consumption of contaminated feed. This factor coupled with the presence of various toxins such as ochratoxin, fumonisin, zearalenone, and vomitoxin in animal feed are stimulating the demand for feed mycotoxin binders across swine livestock segment.
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Considering the regional outlook, Africa feed mycotoxin binders market is projected to gain traction over the forecast period, on account of rapid urbanization and economic development which is influencing livestock production across the region. Evolving dietary trends leading to increased consumption of animal protein, and government initiatives towards ensuring optimal public health are aiding the regional market scenario.
The key players operating in feed mycotoxin binders market are Lexington Enterprises Pte. Ltd., Impextraco NV, Amlan International, G.M. BIOCHEM Pvt. Ltd., Visscherholland, Bentoli, Inc., FF Chemicals BV, BIOMIN Holding GmbH, Anfotal Nutritions, Selko BV, Novus International, Inc., Virbac, Alltech, Inc., Bayer AG, Kemin Industries, Inc., Vetline, and BASF SE.
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