Feed Mycotoxin Binders Market Four Trends, Growth Opportunities, Competitive Landscape, Factors Driving, Forecast Up To 2026
Feed mycotoxin binders can be regarded as chemical sponges as they adsorb mycotoxins present in the gastrointestinal tract, and thereby obstruct their uptake and subsequent scattering towards the target organs. They are extensively used as technological feed additives in the animal husbandry sector. Dry feed mycotoxin binders are found to easily merge with feed ingredients and can be accurately measured by livestock growers in comparison to the liquid form.
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As per reports, the global feed mycotoxin binders market size will reach an annual estimation of more than USD 200 million by 2026.
Rising demand for HSCAS products
Hydrated sodium calcium aluminosilicate (HSCAS) can be touted as an inorganic sportive material that binds aflatoxins that exist in the gastrointestinal tract of animals. Using these binders, contaminants like fumonisins and zearalenone can be effectively bound as well as managed to enhance the performance, productivity, and mortality of the livestock.
Owing to these factors, the demand for feed mycotoxin binder products in the form of hydrated sodium calcium aluminosilicate recorded close to 47% of the overall remuneration in 2018.
Higher potential in pig livestock
Feed mycotoxin binders find applications in swine, poultry, and ruminant livestock to improve their health and performance. The industry share of the swine segment is pegged to record a significant CAGR through 2026 as this livestock is vulnerable to the presence of multiple toxins like vomitoxin, zearalenone, fumonisin, and ochratoxin in the animal feed.
Cargill Animal Nutrition and Health, in November 2019, launched Notox Ultimate Pro, a mycotoxin binder to assist pig producers to effectively cater to the challenges related to mycotoxin contamination in feed materials as well as in straw. Advanced swine production activities necessitate the addition of feed mycotoxin binders in pig diet to cover their daily nutritional demand to foster maintenance, reproduction, and growth. This feeding is done in stages to restrict toxins in the contaminated feed.
Government policies to drive regional adoption
The Africa feed mycotoxin binders industry will see considerable expansion through the coming years. The ongoing economic developments across the region together with rapid urbanization have led to increased livestock production. The growth can be also attributed to the changes in dietary habits, investments in animal-sourced protein, and food products as a result of higher meat consumption.
The Africa Sustainable Livestock 2050 policy was regulated for the effective collaboration of countries like Egypt, Kenya, Ethiopia, Nigeria, and Uganda on current policies and programs to drive rapid developments in the livestock systems pertaining to public health, environment, and livelihood. On the other hand, the formulation of severe regulations and legislative restrictions for product use will accelerate the demand for mycotoxin binder products in the European region.
Growth from competitive dynamics
Suppliers of mycotoxin binders in animal feed are focused on marketing strategies, novel product launches, and capacity expansion to increase their sales and widen their customer base albeit the COVID-19 pandemic. For instance, Biomin introduced FUMzyme sol, in 2019, to effectively degrade fumonisins into non-toxic metabolites. Bayer AG, Alltech, Kemin, Bentoli, and BASF SE are some of the other firms in the industry.
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Elevating feed contamination levels across poultry and swine has pushed the requirement for feed mycotoxin binders and modifiers like porous surface clays to bind nutrients and toxins. Awareness of mycotoxin hazards like reduced feed intake, and the low reproductive performance resulting in obstructed cattle development have led to higher penetration of feed mycotoxin binders across the globe.
However, the deployment of nanotechnology in these binders can mitigate the health impact of mycotoxin. Also, extended exposure to common mycotoxin like aflatoxin can disturb the food chain of the animals and lead to food safety issues.
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