Mycotoxin Binders Market – Urging Need for Animal Feed Detoxification to Create Opportunities
The conventional practices of feeding livestock, such as blending jaggery with cattle feed, are a thing of the past. The awareness on safe and nutrition-rich livestock feed has grown in the recent past in line with the focus on improving the gut health, which has led the animal husbandry and livestock farmers to invest in solutions that address feed contamination and safety concerns.
Feed contamination by mycotoxins continues to be a grave concern that has been digging the pockets of livestock farmers. Mycotoxin binders are an effective tool for controlling associated feed contamination, however, their high cost and insufficiency in certain use cases, make them a risky pick. This volatile nature of mycotoxin binders propelled Transparency Market Research (TMR) to conduct a study, and assess the future potential of the mycotoxin binders market.
The use of binding agents, which adsorb mycotoxin and thwart their absorption by the gut, among livestock farmers has grown significantly in recent years. The study estimates that the mycotoxin binders market recorded a modest 4% CAGR during the period, 2013 to 2017, and is further estimated to grow 1.5X between 2018 and 2026. Formulation of highly effective mycotoxin binders, which include prebiotic ingredients, to reinstate the balance of digestive flora and trigger growth of lactobacillus species and exerts a detoxing activity on mycotoxins, remains the key strategy of established players in the mycotoxin binders market.
What are Key Trends in the Mycotoxin Binders Market?
The hazards of mycotoxin on livestock performance, such as reduced feed intake, poor feed conversion, and poor reproductive performance, continue to influence development and adoption of mycotoxin binders. The animal husbandry sector continues to be in the shackles of mycotoxins, as evident from several studies that indicate roughly 25% of the world crops contain toxic mycotoxins. Rising feed contamination in poultry and swine, coupled with tendency of mycotoxin binders to blend toxins and nutrients simultaneously, has led to a surge in development of porous surface clays that works specifically on toxin binding.
Conventional methods are constantly witnessing improvements, however mycotoxin contamination still continues to take toll on the health and performance of livestock, which has further hard-pressed animal feed manufacturers to leverage innovative solutions.
Several studies have claimed nanotechnology to be a promising solution, low-cost, and effective in minimizing potential health impacts of mycotoxins. It is highly likely that the adoption of carbon-based nanomaterials, such as graphene, with huge surface and high binding capacity will become a viable weapon for manufacturers of mycotoxin binders to combat feed contamination. With their impressive stability, inertness, large surface area per weight, high adsorptive properties, and colloidal stability, carbon-based nanomaterials are likely to take the center stage in mycotoxin binders market in the near future.
Leading players in the mycotoxin binders market are exploring the potential role of biotransformation in risk management. Several benefits associated with leveraging biotransformation in countering mycotoxin contamination in animal feed, such as detoxification without nutritional binding, and irreversible nature of the process, are likely to augur well for the mycotoxin binders industry.
Mycotoxin Binders Market: Strategic Product Launches backed by Awareness Campaigns to Favor Gains
The modern feed distribution network is in a dire need to incorporate commercial methodologies to ensure that feed contains minimal quantities of mycotoxins, which can be detrimental to animal health and production. Established players in the mycotoxin binders market are conducting awareness campaigns, and using them as a media for launching their products. These manufacturers of mycotoxin binders using evidence based research to enhance their product offerings and realize improved profits. Development of mycotoxin binders with high adsorptive capacity, irreversible, specificity, and safety continues to be the key focus of the stakeholders.
Leading players in mycotoxin binders market are eying opportune potential of agriculture-driven economies in Asia Pacific, -- in light of their high feed production capacities, and . However, mycotoxin binders market will also continue to witness a modest growth in developed markets, undergird by favorable government policies and regulations.
Mycotoxin Binders Market - Competition Landscape
- In March 2019, a leading player in mycotoxin binders market, Cargill, partnered with Archer Daniels Midland Company (ADM), and launched a joint venture, Grainbridge, LLC. This joint venture will develop digital tools to provide information on economies, grain marketing activities, e-commerce and others to farmers mainly in North America.
- In March 2019, BIOMIN rolled out FUMzyme®sol, the first ever water-soluble solution that effectively degrades fumonisins into non-toxic metabolites.
- In August 2018, a leading player in mycotoxin binders market BASF SE launched Lucantin NXT, an animal nutrition product line in Europe market.
Mycotoxin binders market remains partly consolidated with leading players, such as Cargill Incorporated, BASF SE, Novus International, E.I. du Pont, Biomin, and Syngenta International, collectively holding a significant share. The enduring efforts of established companies in the mycotoxin binders space towards developing innovative products, coupled with their growing focus on providing animal-specific mycotoxin binders continue to favor their market value.
Analyst’s Point of View on Mycotoxin Binders
Livestock feed mycotoxin binders have gained much traction as an efficient solution to alleviate mycotoxicosis, and enhance livestock health and productivity. Additionally, poultry, swine, aquaculture, equine, ruminants, and pets rely on a consistent supply of nutrient-rich feed. Significant benefits of adding mycotoxin binders to animal feed have helped livestock farmers manage the mycotoxin issue and reduce toxic exposure to animals.
Growing developments in mycotoxin binders, devoid of alterations in the dietary contribution of minerals and vitamins in the feed, continue to complement growth of the mycotoxin binders market. Players in the mycotoxin binders market, who focus on improving the product specificity and efficacy, are likely to remain at the forefront in the near future.
Transparency Market Research (TMR) released a new study on ‘Global Mycotoxin Binders Market’, offering forecast for the period 2018 to 2026. The report provides actionable insights to enable readers to make captivating business decisions for the growth of their businesses. The study details the key factors that are relentlessly shaping the global mycotoxin binders market, potential opportunities for manufacturers, trends and developments, and other key aspects of the various segments of the mycotoxin binders market. Macroeconomic factors that are affecting the growth of the mycotoxin binders market are also covered in the report.
The mycotoxin binders market has been bifurcated based on nature, animal type, product type, and region and is evaluated for each segment to provide market enthusiast a holistic view of the industry.
Key Questions Answered
- What will be the mycotoxin binders market size in 2023?
- Which region will remain most lucrative for the mycotoxin binders market growth?
- Which product type is most preferred for the mycotoxin binders market, what was its market size in 2016?
- What is the market share comparison between animal types in the mycotoxin binders market?
- What will be growth rate of absorbents in the mycotoxin binders market in 2020?
- What will be volume sales of mycotoxin binders for poultry use in 2024?
Key indicators associated with the mycotoxin binders market have been explained in detail in the report. The study highlights important market dynamics, such as key drivers, challenges, and trends, in tandem with potential opportunities in the mycotoxin binders market. An exhaustive study on the supply chain of the mycotoxin binders market has also been covered in the report.
Other key aspects mentioned in the mycotoxin binders market include pricing strategy of the leading companies in the market, cost and raw product cost breakdown. Furthermore, forecast factors of the mycotoxin binders market have been covered in the report to assist market enthusiasts understand the future avenues, prospects, and the potential opportunities that lie in the market.
An exhaustive study and forecast on the mycotoxin binders market has been given based on the product type, animal type, nature, and region. The mycotoxin binders market report also mentions imperative numbers, including historical and forecast size of the varied segments of the mycotoxin binders market.
Y-o-Y growth comparison, market share comparison, and volume and revenue comparison of various segments of the mycotoxin binders market have been provided in the report. The mycotoxin binders market has been studied at regional as well as country-level.
A specific section of the report on mycotoxin binders market report offers a comprehensive assessment of the mycotoxin binders market’s structure, along with a dashboard view of the numerous companies profiled in the report. The report also carries a company share analysis of the companies operating in the mycotoxin binders market, apart from the footprint matrix on the profiled market players. The report depicts the presence of mycotoxin binders providers by using an intensity map.
Key companies profiled in the global mycotoxin binders market report include: Cargill, Inc., Olmix S.A., Impextraco N.V., Perstorp Holding AB, Syngenta International AG, BIOMIN Holding GmbH, Industrial Técnica Pecuaria, S.A., Neospark Drugs and Chemicals Private Limited, Alltech Inc., Norel S.A., E.I. du Pont de Nemours & Co., Venkys (India) Ltd., Lipidos Toledo S.A., Bayer AG, Kemin Industries, Inc, Anpario Plc., Novus International Inc., and Nutreco N.V.
A succinct methodology in tandem with a holistic approach make the foundation of the incisive insights provided in the mycotoxin binders market for the study assessment period. The TMR report enumerates comprehensive information on the growth prospects of mycotoxin binders industry along with enthralling insights into the forecast valuation of the market.
Extensive primary as well as secondary research has been incorporated to garner incisive insights into the forecast study of mycotoxin binders market The report on mycotoxin binders market has further undergone cross-validation by the in-house professionals to make the mycotoxin binders market report one-of-its-kind with the utmost credibility.