The global feed and mycotoxin binders and modifiers market accounted for a value of USD 2.5 billion in 2019. The feed and mycotoxin binders and modifiers market is projected to witness growth at a CAGR of 3.8% during the forecast period.
COVID-19 has impacted several businesses over the globe. There is a rapid decline in meat products as people are not consuming animal products due to health concerns amid spread of corona virus. The prices of meat are decreasing and level of production is also falling due to less number of consumers around the world. To prevent second wave of corona virus in many countries including China, US and some of European countries have suspended the production activities. The supply chain and operations are also disrupted due this global pandemic. Thus, the feed and mycotoxin binders and modifiers will foresee a significant decline during forecast period.
For more details, visit: Global Feed and Mycotoxin Binders and Modifiers Market By Manufacturing Process (Feed Mycotoxin Binders , Feed Micotoxin Modifiers), By Livestock (Poultry, Swine, Others), By Source, By Region–Forecast & Opportunities to 2026
The demand for feed and mycotoxin binders and modifiers are increasing around the world. The health of livestock is at utmost priority and to ensure health and wealth of livestock the mycotoxin are used. These are often used to enhance performance of livestock thus, used by all types of livestock. This drives growth in feed and mycotoxin binders and modifiers market.
On the basis of type, the feed and mycotoxin binders and modifiers market is segmented into feed mycotoxin binders and feed mycotoxin modifiers. The feed mycotoxin binders segment is further sub-segmented into clay, bentonite and others. The feed mycotoxin modifiers are further segmented into enzymes, yeast, bacteria and others. The clay sub segment of feed mycotoxin binders is estimated to register growth at highest CAGR during forecast period. Clay is most widely used mycotoxin binder and clay mineral of silicates and aluminates are widely used commercialized binders because of their benefits. Clay is very much effective against aflatoxins and chemically modified clay is used in multiple mycotoxins such as zearalenone, trichothecenes and fumonisins. All these factors are contributing in increasing consumption and demand of feed and mycotoxin binders during forecast period.
On the basis of livestock, the feed and mycotoxin binders and modifiers market is segmented into poultry, swine, aquatic animals, ruminants and others. The poultry segment is estimated to hold highest market share during the forecast period. For producing meats and eggs for commercial purposes, the broilers, breeders and layers are domesticated. The concerns over quality of egg production, livestock health and increased efficiency of feed has lead to increase in consumption and demand of feed and mycotoxin binders and modifiers during the forecast period.
On the basis of source, the feed and mycotoxin binders and modifiers market is segmented into organic and inorganic source. The inorganic segment is estimated to dominate the market for feed and mycotoxin binders and modifiers market. The feed mycotoxin bindes obtained from inorganic sources are sodium, potassium, calcium and silicates of aluminum. Inorganic mycotoxin binders are more effective which also depends on binding properties and chemical structure. The increasing use of inorganic sources of feed and mycotoxin binders and modifiers are likely to drive growth in this sector during forecast period.
North-America region is estimated to register growth at highest CAGR during the forecast period. The adoption of feed and mycotoxin binders and modifiers are increasing in this region as demand for high-quality and safe livestock based products are increasing. The awareness for food safety is rising and government has also made some stringent policies for ensuring quality products and to reduce, eliminate and prevent the presence of mycotoxin contaminant in food products. The crops such as corn, barley and wheat are grown in the North America region at large scale in feed production. All this crops are susceptible to mycotoxin contamination and fungal growth. Feed mycotoxin can reduce the risk of contamination and improves quality.
The key players in feed and mycotoxin binders and modifiers market are BASF, Cargill, ADM, Perstorp, Chr. Hansen, Bayer, Archer Daniels Midland Company, Kemin, Nutreco, Alltech, Adisseo, Biomin, Impextraco, Global Nutritech, Olmix Group, Selko B.V and Bentoli Inc.
- What are the expected industry trends over the next three to five years?
- Which of the feed and mycotoxin binders and modifiers source is likely to lead by 2025?
- Which of the manufacturing process segments is expected to have the maximum potential to during the forecast period?
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- What are different organic and inorganic strategies implemented by companies to gain increased market share?