Feed Mycotoxin Binders and Modifiers Market: Market Segments: By Type (Lignosulfonates, Plant gums & starches, Gelatin & other hydrocolloids, Molasses, Clay and Other); By Livestock (Ruminants, Poultry, Swine, Aquatic animals, Pets and Equine); and Region – Global Analysis by Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2030

Product Overview

Mycotoxins can be particularly toxic to humans as well as animals and can be the cause of different medical conditions. The feed binders & modifiers for mycotoxin function in the feed as mycotoxin detoxifying agents. They are used as feed additives and help to reduce mycotoxin bioavailability in feed. Large molecular weight compounds that can bind with the mycotoxins are binders.

Market Highlights

Feed Mycotoxin Binders and Modifiers Market is expected to project a notable CAGR of 3.5% in 2030.

Feed Mycotoxin Binders and Modifiers Market to surpass USD 3.7 billion by 2030 from USD 1.8 billion in 2019 at a CAGR of 3.5% throughout the forecast period, i.e., 2020-30. Due to driving factors such as growing incidences of mycotoxin occurrence in crops and increased risks of mycotoxin contamination in livestock feed, the feed mycotoxin binders & modifiers market is expected to rise in the forecast period.

Feed Mycotoxin Binders and Modifiers Market: Segments

Feed mycotoxin binders’ segment to grow with the highest CAGR during 2020-30

Feed Mycotoxin Binders and Modifiers Market is segmented by type into Feed mycotoxin binders, Feed mycotoxin modifiers. Feed Mycotoxin Binders and Modifiers, led the market in 2019, accounting for XX.X% of market share. The feed mycotoxin binders & modifiers market was dominated by the clay subtype. The most commonly used mycotoxin binder in the feed industry is Clay. Aluminate and silicate clay minerals are highly commercialized binders due to increased customer awareness of their advantages, which is driving their development in the market.

Feed Mycotoxin Binders and Modifiers Market: Market Dynamics

Drivers

Rise in incidences of mycotoxin occurrence in crops

Frequency of disease outbreaks is on the rise because of them. Both developed or emerging regions in the world are vulnerable to the adverse effects of these mycotoxins. Therefore, mycotoxin binders & modifiers are expected to be used by livestock growers to improve the health and prosperity of livestock and to achieve maximum livestock efficiency. The growth of the feed binder industry is due mainly to the expansion of the market for animal meat.

Restrain

lack in awareness among the small-scale livestock growers

Most livestock producers do not consider mycotoxin binders and modifiers as essential feed additives and prefer to use other feed additives such as mould inhibitors, acidifiers and other feed preservatives to enhance livestock feed in order to extend feed shelf life and improve livestock health and wealth.

Feed Mycotoxin Binders and Modifiers Market: Key Players

• Archer Daniels Midland Company

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence and SWOT Analysis.

• BASF SE

• BIOMIN Holding GmbH

• Cargill, Incorporated

• Kemin Industries, Inc.

• Novus International

• Nutreco N.V.

• Nutriad

• Perstorp Holding

Feed Mycotoxin Binders and Modifiers Market: Regions

Feed Mycotoxin Binders and Modifiers Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.

Feed Mycotoxin Binders and Modifiers Market in Asia Pacific held the largest market share of XX.X% in the year 2019 the consumption rate of meat products in East Asia had witnessed rapid growth. The ban on the use of antibiotics as a growth promoter in the livestock sector in the European and North American countries has however, indirectly affected the countries of the Asia Pacific region. This has prompted main feed additives businesses to produce natural growth promoters and health supplements. After the ban, creative ways of encouraging animal development by products with similar benefits have been found by livestock producers by replacing antibiotic growth promoters with microbial feed additives that have antibiotic properties.

Feed Mycotoxin Binders and Modifiers Market report also contains analysis on:

Feed Mycotoxin Binders and Modifiers Market Segments:

By Type:

• Feed mycotoxin binders

o Clay

o Bentonite

o Others

• Feed mycotoxin modifiers

o Enzymes

o Yeast

o Bacteria

o Others

By Livestock:

• Ruminant

• Poultry

• Swine

• Aquaculture

• Pets

• Horses

• Others

• Feed Mycotoxin Binders and Modifiers Market Dynamics

• Feed Mycotoxin Binders and Modifiers Market Size

• Supply & Demand

• Current Trends/Issues/Challenges

• Competition & Companies Involved in the Market

• Value Chain of the Market

• Market Drivers and Restraints

FAQs on Feed Mycotoxin Binders Market

· Which segment is anticipated to hold the largest market share

· At what CAGR is the market anticipated to grow between 2020 and 2030

· Who are the key players in the Feed Mycotoxin Binders Market

· What could be the challenging factors in the growth of Feed Mycotoxin Binders Market

· What are the growth drivers for the Feed Mycotoxin Binders Market