Feed Mycotoxin Binders and Modifiers Companies | Forecast by 2033

14 Aug 2024

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Table of Content

1. Feed Mycotoxin Binders and Modifiers Market Growth, Trends and Report Highlights 2. Market Overview 3. Feed Mycotoxin Binders and Modifiers Market Top Companies 4. Feed Mycotoxin Binders and Modifiers Market Highlights 5. Feed Mycotoxin Binders and Modifiers Market News

Feed Mycotoxin Binders and Modifiers Market Growth, Trends and Report Highlights

The global feed mycotoxin binders and modifiers market reached USD 2.53 billion in 2023 and is projected to attain around USD 3.52 billion by 2033, poised to grow at a CAGR of 2.62% during the forecast period. The increasing consumption and demand for livestock-based products are expected to drive the market growth.

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Market Overview

The feed mycotoxin binders and modifiers market deals with products used to reduce the adverse effects of mycotoxins in animal feed. Mycotoxins are harmful substances manufactured by certain types of fungi that contaminate several agricultural crops, such as silages, forages, and grains. It can lead to impaired immune function, decreased feed efficiency, reduced growth rates, and various health issues, when animals consume feed contaminated with mycotoxins. The increasing prevalence of mycotoxin presence in crops, along with stringent government regulations contributed to propel the growth of the feed mycotoxin binders and modifiers market.

In addition, the increasing prevalence of mycotoxin contamination in animal feed due to factors such as improper agricultural practices, inadequate storage practices, climate change, and increasing focus on animal nutrition and health are further anticipated to drive the market growth during the forecast period.

Feed Mycotoxin Binders and Modifiers Market Trends

• The rising rapid urbanization and industrialization in developing countries contributed to propelling market growth.
• The increasing collaboration between regulatory authorities, research institutes, and feed manufacturers is expected to drive the growth of the feed mycotoxin binders and modifiers.
• In addition, the growing partnerships for research and product development can be considered the introduction of innovative solutions and further drive the growth of the feed mycotoxin binders and modifiers market.

The increasing public awareness to fuel the market growth

The increasing public awareness of mycotoxin contamination in animal feed is driving the market growth for feed mycotoxin modifiers and binders. The cutting-edge approaches to research and development are yielding improved binder and modification solutions that are suitable for particular mycotoxin issues. In addition, the market growth and demand are being transformed by the increasing consumer preference towards organic and natural alternatives, which is encouraging manufacturers to focus on creating sustainable and eco-friendly products. Thus, these factors are expected to enhance the growth of the feed mycotoxin binders and modifiers market during the forecast period.

However, the insufficient knowledge of the growth of feed mycotoxin modifiers and binders may hinder the prominent use of mold acidifiers and inhibitors and small-scale farmers and other feed preservatives as feed additives. In addition, underdeveloped markets in the aquatic and poultry feed sector may also create challenges in the market. Furthermore, there is a lack of awareness within small-scale livestock producers. Mycotoxins have a wide range of biological effects, in terms of chemical structures. They might be cancerous, mutant, neurotoxic, and immunotoxin. However, the symptoms are complicated and confusing making diagnosis challenging. These factors are expected to restrain the growth of the feed mycotoxin binders and modifiers market.

Feed Mycotoxin Binders and Modifiers Market Top Companies

• Cargill
• BASF
• Chr. Hansen
• ADM
• Bayer
• Perstorp
• Adisseo
• Alltech
• Biomin
• Norel
• Novus International
• Global Nutritech
• Nutreco
• Kemin
• Impextraco

Recent Innovation in the Feed Mycotoxin Binders and Modifiers by Jordan’s Manaseer Group

Recent Innovation in the Feed Mycotoxin Binders and Modifiers by Volac

Asia Pacific is expected to grow fastest during the forecast period.

Governments' efforts to restrict mycotoxin levels in feed in the region are becoming rapidly prevalent, due to the large cattle production. Among the people in the region, there has been a rapid growth in meat consumption and production, especially chicken and pork, which is expected to drive market growth. The population in the region is significantly dependent on livestock and its derivatives. The increasing use of health-related products and feed additives is also expected to enhance the market growth in the region. China, India, Japan, and South Korea are the major countries in the market.

• For instance, In April 2023, a three-year action plan was launched by China’s Ministry of Agriculture to reduce the use of soybean meal in animal feed. The new plan proposes that the proportion of soybean meals in animal feed be reduced to less than 13 percent by 2025. Dropping from 14.5 percent in 2022.

North America dominated the feed mycotoxin binders and modifiers market in 2023.

The rising strict meat quality laws and increasing per capita meat production and consumption are expected to drive market growth in the region. The U.S. and Canada are the major countries in the market. In the U.S., the presence of major market players such as Cargill Incorporated, Kent Nutrition, Archer Daniels Midland, and others is anticipated to improve market expansion. In addition, people are rapidly emphasizing animal welfare in the region alongside their health conditions. These factors are expected to enhance the growth of the feed mycotoxin binders and modifiers market in North America.

• For instance, In November 2022, Notox Ultimate Pro, a mycotoxin binder was launched by Cargill Animal Nutrition and Health. The aim behind this launch was to help pig producers address the challenges of mycotoxin contamination in feed materials and in straw as effectively as possible.

Strategic partnerships and next-generation modifiers to revolutionize market growth.

The innovation in mycotoxin modifiers is an important development in the market growth. To degrade mycotoxins into innocuous molecules, microbial and enzyme-based modifiers are being developed by researchers. The commercialization and development of these novel technologies are also being accelerated by strategic partnerships between feed additive businesses and research institutions businesses. In addition, it is expected that this advanced trend will surge the efficiency of mycotoxin mitigation techniques. These factors are anticipated to drive the growth of the feed mycotoxin binders and modifiers market.

Feed Mycotoxin Binders and Modifiers Market Highlights

Feed Mycotoxin Binders and Modifiers Market News

•  In December 2023, The Innovative Feed Enhancement and Economic Development Act was introduced proposed legislation to strengthen feed ingredient approval process. The aim behind this launch was to enhance FDA oversights.
• In May 2024, a leading provider of analytic instruments and software for food safety, Waters Corporation launched its new VICAM™ Fumo-V™ ONE Strip Test to detects harmful toxins in finished pet foods and animal feed. The test can test for the three most common mycotoxins, such as DON, fumonisin and aflatoxin and incrrasing food safety, saving processors time in less than 10 minutes.

Market Segmentation

By Type

• Mycotoxin Binders
• Clays
• Bentonite
• Others
• Mycotoxin Modifiers
• Yeasts
• Enzymes
• Bacteris
• Others

By Source

• Inorganic
• Organic

By Form

• Dry
• Liquid

By Livestock

• Poultry
• Ruminant
• Swine
• Aquatic Animals
• Others

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