Massive Growth in Feed Mycotoxin Binders Market Set to Witness Astonishing Growth by 2026 with Prominent Key Players like Balaji Formalin, Bayer AG, BASF, Georgia-Pacific Chemicals, Hexion, Perstorp, Ercros S.A., Chemanol
Stringent regulations and legislative limits for the incorporation of feed mycotoxin binders in Europe will drive the overall market demand. Some of the key market players in the industry report are Bayer AG, Biomin, Alltech, Bentoli, Kemin, and BASF SE. Company collaborations, capacity expansion and product launch are few of the strategies adopted by the market leaders in the industry analysis.
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Feed mycotoxin binders are added to the feed to reduce mycotoxin uptake and form mode of action other than physical and chemical treatment. Feed mycotoxin binders acts as chemical sponge and adsorb mycotoxins in gastrointestinal tract, thus blocking the uptake and subsequent distribution to target organs. Common mycotoxin include aflatoxin, extended exposure of which disturbs the food chain and forms food safety issues.
Top Key Players :
1. Dynea Oy
2. BASF SE
3. Huntsman Corporation
4. Balaji Formalin
5. Bayer AG
6. Georgia-Pacific Chemicals
8. Chemique Adhesives
10. Celanese Corporation
11. Foremark Performance Chemicals
12. Ercros S.A.
15. Alder S.p.A.
Report based on Current Market Status, Trends, Types
Feed Mycotoxin binders industry is promulgating since it is being adopted as technological feed additive in animal husbandry industry. Feed mycotoxin binders are being widely embraced in dry form since they easily mix with feed ingredients and accurately measured by livestock growers when compared to liquid form.
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Growth in feed contamination levels in poultry and swine along with feed mycotoxin binders tendency to amalgamate nutrients and toxins has also led to significant product demand such as porous surface clays which functions specifically to bind toxin. As per recent scientific claims, nanotechnology offers low cost and opportunities for the market growth since it minimizes health impact of mycotoxin.
Hydrated sodium calcium aluminosilicate (HSCAS) is witnessing potential market demand as feed mycotoxin binder garnering a revenue market share of approximately 47% in overall market size in 2018. Hydrated sodium calcium aluminosilicate is inorganic sportive material which binds aflatoxins from the gastrointestinal tract of animals. A large number of contaminants which include fumonisins and zearalenone can be bound & managed effectively to improve livestock performance, productivity and mortality, thus driving feed mycotoxin binders market growth.
Feed mycotoxin binders are essential for health and performance of swine, poultry and ruminants. Swine is majorly affected by presence of multiple toxins in animal feed including vomitoxin, zearalenone, fumonisin, and ochratoxin. Under modern swine production techniques, pigs need to be fed a balanced diet which covers daily nutritional requirement for maintenance, reproduction and growth. However, nutrient intake is also affected by voluntary feed intake, influenced by the chemical senses of olfaction and taste. Feed mycotoxin binders are therefore added in stages to the pig diet to inhibit toxins in contaminated feed which will spur overall market growth.
Growth in the African feed mycotoxin binders market and growing economic development spurred by rapid urbanization will surge livestock production in this region. Further, changing dietary patterns, rising market share of animal source protein and food products due to massive meat consumption will favour feed mycotoxin binders market growth in this region. Africa Sustainable Livestock 2050 policy collaborates with Egypt, Kenya, Ethiopia, Nigeria and Uganda for current policies and programs which will support fast changing livestock systems on public health, environment and livelihood.
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