Feed Mycotoxin Binders And Modifiers Market
PUBLISHED: 2024 ID: SMRC26327
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Feed Mycotoxin Binders And Modifiers Market

Feed Mycotoxin Binders & Modifiers Market Forecasts to 2030 - Global Analysis By Product Type (Mycotoxin Binders, Mycotoxin Modifiers and Other Product Types), Source, Livestock, End User and By Geography

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4.3 (84 reviews)
Published: 2024 ID: SMRC26327

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Feed Mycotoxin Binders & Modifiers Market is accounted for $2.9 billion in 2024 and is expected to reach $3.9 billion by 2030 growing at a CAGR of 5.0% during the forecast period. Feed mycotoxin binders and modifiers are additives used in animal nutrition to mitigate the harmful effects of mycotoxins, which are toxic secondary metabolites produced by molds that contaminate animal feed. Mycotoxins pose significant health risks to livestock, including reduced feed intake, impaired growth, decreased immune function, and organ damage. Mycotoxin binders work by adsorbing mycotoxins in the gastrointestinal tract, preventing their absorption into the bloodstream and reducing their impact on animal health. Binders typically consist of natural or synthetic compounds such as clays, zeolites, activated carbon, and polymers.

According to the BIOMIN World Mycotoxin Survey, 2018, it has been stated that the risk associated with mycotoxin in North America was 73%, whereas in 2016 the risk was 66% for the same.

Market Dynamics: 

Driver: 

Rising risk of mycotoxin contamination

As the prevalence of mycotoxins in animal feed increases due to factors such as climate change, improper storage, and agricultural practices, there is a growing need for effective mitigation strategies. This heightened risk drives demand for mycotoxin binders and modifiers, as livestock producers prioritize the safety and quality of feed to protect animal health and ensure productivity. The market responds with innovative solutions, including advanced binder formulations and enhanced product efficacy, to address evolving mycotoxin challenges thus driving the feed mycotoxin binders & modifiers market

Restraint:

Potential for interference with nutrient absorption

Producers are hesitant to adopt products that might create new problems while solving existing ones.  If the potential for nutrient interference is high or not well-understood, farmers might be less likely to incorporate binders and modifiers into their feeding regimes. These deficiencies can have a cascading effect, hindering animal growth, development, and overall productivity. This translates to economic losses for farmers due to lower weight gain, reduced milk yield, or compromised egg production hindering the growth of the market.

Opportunity:

Detrimental effects of mycotoxins

The prevalence of mycotoxins and their harmful effects on animals creates a clear need for solutions like binders and modifiers. This justifies the existence and growth of this market by highlighting the problem it addresses. Additionally, stringent regulations on mycotoxin levels in animal feed create a necessity for producers to adopt effective control measures.  Mycotoxin binders and modifiers play a crucial role in helping producers comply with these regulations, further fueling market growth.

Threat:

Limited efficacy and specificity

The lack of broad-spectrum binders and the variable effectiveness of existing options make it challenging for producers to choose the right product.  Without clear information about a binder's efficacy against specific mycotoxins commonly found in their region, farmers struggle to make informed decisions. Moreover, if a chosen binder proves ineffective, it translates to wasted money and potentially compromised animal health. This can lead to frustration among producers and hinder their willingness to revisit the market for alternative solutions.

Covid-19 Impact

The COVID-19 pandemic initially disrupted the Feed Mycotoxin Binders & Modifiers market due to supply chain interruptions, logistical challenges, and economic uncertainties. However, the market quickly rebounded as the essential nature of animal nutrition remained evident. Additionally, ongoing research and development efforts continued, leading to the introduction of innovative solutions to address emerging challenges. Overall, while COVID-19 posed short-term challenges, the resilience and adaptability of the market ensured continued growth and stability.

The mycotoxin binders segment is expected to be the largest during the forecast period

The mycotoxin binders segment is expected to be the largest during the forecast period as these binders effectively adsorb mycotoxins, preventing them from being absorbed by animals, thus reducing health risks and maintaining livestock productivity. The use of mycotoxin binders fosters consumer confidence in the safety and quality of animal products, driving demand within the market. Additionally, stringent regulations on mycotoxin levels in feed further bolster the market for mycotoxin binders as livestock producers seek compliant solutions. Market growth is also propelled by increasing awareness among farmers about mycotoxin-related issues and the importance of preventative measures.

The inorganic segment is expected to have the highest CAGR during the forecast period

The inorganic segment is expected to have the highest CAGR during the forecast period, the most common inorganic sources, including silicates from aluminum, sodium, potassium and calcium, are mycotoxin binders from feed. In the feed industry, inflatoxins are used to bind Clay products like bentonite, zeolite, montmorillonites, HSCAS, activated carbon dioxide and synthetic polymers. Compared to organic modifiers, such as lower prices and easy storage and handling, these products have several advantages which have led to greater preference for these products over organic mycotoxin modifications. 

Region with largest share:

North America is projected to hold the largest market share during the forecast period as the region's livestock industry, including poultry, swine, and cattle production, faces substantial challenges from mycotoxin contamination in animal feed, leading to economic losses and health concerns. As a result, there is a growing awareness among producers about the importance of mycotoxin management strategies, including the use of binders and modifiers.  Moreover the market is characterized by the presence of both domestic and international manufacturers offering a wide range of products catering to different livestock species and mycotoxin types.

Region with highest CAGR:

Asia Pacific is projected to hold the highest CAGR over the forecast period owing to factors such as increasing awareness about food safety, growing demand for high-quality animal products, and rising concerns about mycotoxin contamination drive the demand for these products in the region. Additionally, market players in the Asia Pacific Feed Mycotoxin Binders & Modifiers market include manufacturers of feed additives, agricultural companies, and suppliers of animal nutrition solutions. These companies develop and distribute a variety of binders and modifiers tailored to the specific needs and challenges of livestock producers in the Asia Pacific region.

Key players in the market

Some of the key players in Feed Mycotoxin Binders & Modifiers market include BASF SE, Cargill, Inc., ADM Animal Nutrition, Kemin Industries, Inc., Biomin, Alltech, Inc., Evonik Industries AG, Nutreco N.V., Impextraco NV, Olmix Group, Special Nutrients, Inc., Neovia, Bentoli, Inc., Innovad, Biorigin, Micron Bio-Systems, Selko, Nutriad and Perstorp Holding AB

Key Developments:

In May 2024, BASF expands its biomass balance portfolio for selected chemical intermediates. New range of products contribute to the replacement of fossil resources with renewable raw materials according to a certified biomass balance approach

In May 2024, BASF opts for sustainable glass fiber in its Ultramid® A&B portfolio. These glass fibers are produced by 3B Fibreglass, a leading company and supplier of glass fiber solutions for the reinforcement of thermoplastic and thermoset polymers.

In May 2024, Cargill and local farmers collaborate in conservation monitoring of 10,000 trees in village forest. This activity was carried out as part of monitoring and evaluation activities from a conservation program previously run by Cargill on Mount Arjuna, Pasuruan, in the form of planting 10,000 trees during the period 2022-2023 on a 16 hectares land.

Product Types Covered:
• Mycotoxin Binders
• Mycotoxin Modifiers
• Other Product Types

Sources Covered:
• Inorganic
• Organic 

Livestocks Covered:
• Swine
• Poultry
• Ruminants
• Aquaculture
• Equine
• Other Livestocks 

End Users Covered:
• Farmers 
• Feed Manufacturers 
• Veterinarians & Animal Health Consultants 
• Research Institutions & Laboratories 
• Other End Users 

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary          
            
2 Preface           
 2.1 Abstract          
 2.2 Stake Holders         
 2.3 Research Scope         
 2.4 Research Methodology        
  2.4.1 Data Mining        
  2.4.2 Data Analysis        
  2.4.3 Data Validation        
  2.4.4 Research Approach        
 2.5 Research Sources         
  2.5.1 Primary Research Sources       
  2.5.2 Secondary Research Sources       
  2.5.3 Assumptions        
            
3 Market Trend Analysis         
 3.1 Introduction         
 3.2 Drivers          
 3.3 Restraints         
 3.4 Opportunities         
 3.5 Threats          
 3.6 Product Analysis         
 3.7 End User Analysis         
 3.8 Emerging Markets         
 3.9 Impact of Covid-19         
            
4 Porters Five Force Analysis         
 4.1 Bargaining power of suppliers        
 4.2 Bargaining power of buyers        
 4.3 Threat of substitutes        
 4.4 Threat of new entrants        
 4.5 Competitive rivalry         
            
5 Global Feed Mycotoxin Binders & Modifiers Market, By Product Type     
 5.1 Introduction         
 5.2 Mycotoxin Binders         
  5.2.1 Bentonite        
  5.2.2 Montmorillonite        
  5.2.3 Activated Charcoal        
  5.2.4 Hydrated Sodium Calcium Aluminosilicate (HSCAS)     
  5.2.5 Zeolites         
  5.2.6 Other Mycotoxin Binders       
 5.3 Mycotoxin Modifiers        
  5.3.1 Enzymes         
  5.3.2 Microorganisms        
  5.3.3 Probiotics        
  5.3.4 Probiotics        
  5.3.5 Yeast Extracts        
 5.4 Other Product Types        
            
6 Global Feed Mycotoxin Binders & Modifiers Market, By Source     
 6.1 Introduction         
 6.2 Inorganic          
 6.3 Organic          
            
7 Global Feed Mycotoxin Binders & Modifiers Market, By Livestock     
 7.1 Introduction         
 7.2 Swine          
 7.3 Poultry          
 7.4 Ruminants         
 7.5 Aquaculture         
 7.6 Equine          
 7.7 Other Livestocks         
            
8 Global Feed Mycotoxin Binders & Modifiers Market, By End User     
 8.1 Introduction         
 8.2 Farmers         
 8.3 Feed Manufacturers        
 8.4 Veterinarians & Animal Health Consultants      
 8.5 Research Institutions & Laboratories       
 8.6 Other End Users         
            
9 Global Feed Mycotoxin Binders & Modifiers Market, By Geography     
 9.1 Introduction         
 9.2 North America         
  9.2.1 US         
  9.2.2 Canada         
  9.2.3 Mexico         
 9.3 Europe          
  9.3.1 Germany         
  9.3.2 UK         
  9.3.3 Italy         
  9.3.4 France         
  9.3.5 Spain         
  9.3.6 Rest of Europe        
 9.4 Asia Pacific         
  9.4.1 Japan         
  9.4.2 China         
  9.4.3 India         
  9.4.4 Australia         
  9.4.5 New Zealand        
  9.4.6 South Korea        
  9.4.7 Rest of Asia Pacific        
 9.5 South America         
  9.5.1 Argentina        
  9.5.2 Brazil         
  9.5.3 Chile         
  9.5.4 Rest of South America       
 9.6 Middle East & Africa        
  9.6.1 Saudi Arabia        
  9.6.2 UAE         
  9.6.3 Qatar         
  9.6.4 South Africa        
  9.6.5 Rest of Middle East & Africa       
            
10 Key Developments          
 10.1 Agreements, Partnerships, Collaborations and Joint Ventures     
 10.2 Acquisitions & Mergers        
 10.3 New Product Launch        
 10.4 Expansions         
 10.5 Other Key Strategies        
            
11 Company Profiling          
 11.1 BASF SE          
 11.2 Cargill, Inc.         
 11.3 ADM Animal Nutrition        
 11.4 Kemin Industries, Inc.        
 11.5 Biomin          
 11.6 Alltech, Inc.         
 11.7 Evonik Industries AG        
 11.8 Nutreco N.V.         
 11.9 Impextraco NV         
 11.10 Olmix Group         
 11.11 Special Nutrients, Inc.        
 11.12 Neovia          
 11.13 Bentoli, Inc.         
 11.14 Innovad          
 11.15 Biorigin          
 11.16 Micron Bio-Systems         
 11.17 Selko          
 11.18 Nutriad          
 11.19 Perstorp Holding AB        
            
List of Tables           
1 Global Feed Mycotoxin Binders & Modifiers Market Outlook, By Region (2022-2030) ($MN)   
2 Global Feed Mycotoxin Binders & Modifiers Market Outlook, By Product Type (2022-2030) ($MN)  
3 Global Feed Mycotoxin Binders & Modifiers Market Outlook, By Mycotoxin Binders (2022-2030) ($MN)  
4 Global Feed Mycotoxin Binders & Modifiers Market Outlook, By Bentonite (2022-2030) ($MN)   
5 Global Feed Mycotoxin Binders & Modifiers Market Outlook, By Montmorillonite (2022-2030) ($MN)  
6 Global Feed Mycotoxin Binders & Modifiers Market Outlook, By Activated Charcoal (2022-2030) ($MN)  
7 Global Feed Mycotoxin Binders & Modifiers Market Outlook, By Hydrated Sodium Calcium Aluminosilicate (HSCAS) (2022-2030) ($MN)
8 Global Feed Mycotoxin Binders & Modifiers Market Outlook, By Zeolites (2022-2030) ($MN)   
9 Global Feed Mycotoxin Binders & Modifiers Market Outlook, By Other Mycotoxin Binders (2022-2030) ($MN) 
10 Global Feed Mycotoxin Binders & Modifiers Market Outlook, By Mycotoxin Modifiers (2022-2030) ($MN) 
11 Global Feed Mycotoxin Binders & Modifiers Market Outlook, By Enzymes (2022-2030) ($MN)   
12 Global Feed Mycotoxin Binders & Modifiers Market Outlook, By Microorganisms (2022-2030) ($MN)  
13 Global Feed Mycotoxin Binders & Modifiers Market Outlook, By Probiotics (2022-2030) ($MN)   
14 Global Feed Mycotoxin Binders & Modifiers Market Outlook, By Probiotics (2022-2030) ($MN)   
15 Global Feed Mycotoxin Binders & Modifiers Market Outlook, By Yeast Extracts (2022-2030) ($MN)  
16 Global Feed Mycotoxin Binders & Modifiers Market Outlook, By Other Product Types (2022-2030) ($MN)  
17 Global Feed Mycotoxin Binders & Modifiers Market Outlook, By Source (2022-2030) ($MN)   
18 Global Feed Mycotoxin Binders & Modifiers Market Outlook, By Inorganic (2022-2030) ($MN)   
19 Global Feed Mycotoxin Binders & Modifiers Market Outlook, By Organic (2022-2030) ($MN)   
20 Global Feed Mycotoxin Binders & Modifiers Market Outlook, By Livestock (2022-2030) ($MN)   
21 Global Feed Mycotoxin Binders & Modifiers Market Outlook, By Swine (2022-2030) ($MN)   
22 Global Feed Mycotoxin Binders & Modifiers Market Outlook, By Poultry (2022-2030) ($MN)   
23 Global Feed Mycotoxin Binders & Modifiers Market Outlook, By Ruminants (2022-2030) ($MN)  
24 Global Feed Mycotoxin Binders & Modifiers Market Outlook, By Aquaculture (2022-2030) ($MN)  
25 Global Feed Mycotoxin Binders & Modifiers Market Outlook, By Equine (2022-2030) ($MN)   
26 Global Feed Mycotoxin Binders & Modifiers Market Outlook, By Other Livestocks (2022-2030) ($MN)  
27 Global Feed Mycotoxin Binders & Modifiers Market Outlook, By End User (2022-2030) ($MN)   
28 Global Feed Mycotoxin Binders & Modifiers Market Outlook, By Farmers (2022-2030) ($MN)  
29 Global Feed Mycotoxin Binders & Modifiers Market Outlook, By Feed Manufacturers (2022-2030) ($MN)  
30 Global Feed Mycotoxin Binders & Modifiers Market Outlook, By Veterinarians & Animal Health Consultants (2022-2030) ($MN)
31 Global Feed Mycotoxin Binders & Modifiers Market Outlook, By Research Institutions & Laboratories (2022-2030) ($MN)
32 Global Feed Mycotoxin Binders & Modifiers Market Outlook, By Other End Users (2022-2030) ($MN)  
            
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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