What's driving the Feed Mycotoxin Binders market trends? Bayer, BASF, Virbac, Alltech, Kemin Industries, BIOMIN, Impextraco N.V., Bentoli, Inc, VETLINE, Novus International
Zeolite mycotoxin binders demand is anticipated to steadily grow and surpass USD 15 million during forecast period due to its natural occurrence, non-toxicity and organic characteristics along with offering ability to reduce odors from spoiled grains in enclosed animal facilities. They also reduce chances of livestock suffering from scours, acidosis, diarrhea and enteritis thus driving product demand.
5. Kemin Industries
7. Impextraco N.V.
8. Bentoli, Inc
10. Novus International
11. Selko B.V.
12. Anfotal Nutritions
13. FF Chemicals B.V.
15. VL VIPRO LIMITED
16. Amlan International a subsidiary of Oil-Dri Corporation of America
17. American Feed Industry Association (AFIA)
The ongoing expansion in global animal feed additives market is undoubtedly one of the major driving forces of feed mycotoxin binders industry size, given the capability of these binders to coagulate and affix secondary metabolites in order to reduce their toxic impact on feed ingredients. As per estimates, animal feed additives market size will surpass the 25-billion-dollar frontier by 2024, thus opening up a plethora of opportunities for feed mycotoxin binders industry players. With improved standards in consumer lifestyles, dietary preferences and health awareness have observed a marked rise, leading to a paradigm shift toward protein-based diets. In consequence, this has led to an escalating demand for additive-based animal feed for nutrition, to obtain non-contaminated, healthy food of animal origin, thus propelling feed mycotoxin binders market share.
Browse key industry insights spread across 185 pages with 179 market data tables & 10 figures & charts from the report, “Feed Mycotoxin Binders Market”, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
U.S. feed mycotoxin demand is likely to grow significantly during forecast timeframe and surpass USD 40 million at end of 2024. Stringent norms & policies by safety and health agencies which include FDA, FSA and NSF towards standardizing swine, ruminant, and poultry meat products should drive regional demand. Growing consumer awareness for diseases which include swine and bird flu, diarrhea and intestinal health should further boost regional industry size.
Feed mycotoxin binders add nutrition content for better digestion along with promoting animal to grow faster, healthier and stronger. They protect livestock enterprises from loss caused by feed wastage making it palatable and helping gain immunity from infectious disease & viruses. Natural toxin binders reduce bioavailability of secondary metabolites by introducing adsorbent agents reducing probability of disease.
It is prudent to mention that the U.S. government has a pivotal role to play in the growth of the regional feed mycotoxin binders industry. Regulatory bodies such as the FSA, FDA, and NSF have introduced stringent health and safety policies in order to standardize meat products and increase consumer awareness regarding the hazards of consuming meat obtained from animals fortified with toxic feed. The Bentonite mycotoxin binders industry size will witness strong gains surpassing USD 125 million at the end of 2024 due to its inherent attributes for high feed efficiency, adsorption capacity and productivity. They reduce secondary metabolites bioavailability along with ability to prevent harmful impacts on intestinal tract.
Germany feed mycotoxin binders market size from ruminant applications should generate revenues surpassing USD 2 million by end of 2024. Prevalent government initiatives towards animal welfare coupled with increasing livestock population should propagate product demand. Growing demand for red meat in Europe should strengthen product demand.
Feed mycotoxin binders market size from swine consumption should emit significant growth rates during projected timeframe. This growth can be attributed to increase in meat consumption rates due to protein intake. Swine are prone to pathogenic attacks which can be reduced by offering high quality & safe feeds thus complimenting product demand.
Global feed mycotoxin binders industry share is competitive & moderately fragmented and some of the market players include Alltech, Biomin, Bentoli and Kemin. These industry participants focus on reinforcing their regional presence expanding their manufacturing capacity. They adopt strategies like acquisition, mergers and partnerships to expand their product & technology portfolio.
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