Mycotoxins are toxic compounds formed by mold growth in feed ingredients. Mycotoxin binders and modifiers are used to protect the farm animals from the harmful effects of these mycotoxins. Clay, bentonite, etc are used as binders. Some examples of modifiers are yeast, enzyme and bacteria. The feed mycotoxin binders and modifiers market is expected to have a significant market growth during the forecast period. Increase in risk of contamination of feed ingredients with mycotoxins and the presence of mycotoxins in crops is expected to drive the market growth. Stringent regulations limiting the presence of mycotoxins in livestock fee and increasing demand for livestock-based products is expected to fuel the market growth. However, the use of alternative feed preservatives such as feed acidulants and mold inhibitors and lack of awareness regarding usage of mycotoxin binders and inhibitors can hamper the market growth.
By type, mycotoxin binders segment is estimated to have a significant market share as they are cheaper, easy to procure and have a longer shelf life. By livestock, swine segment is expected to have a notable growth rate as young pigs are very susceptible to mycotoxin contamination. By geography, North America is expected to have a significant market share as the demand for these products is higher due to stringent regulation and high risk of mycotoxin contamination in this region.
Increase in risk of mycotoxin contamination of livestock feed
Stringent regulations limiting the presence of mycotoxins in feed ingredients
Increase in consumption of livestock-based products
Prominent use of acidifiers, mold inhibitors and other feed preservatives
Lack of awareness
In May 2019, Bayer Animal Health and Nutreco’s animal nutrition division signed a global research and development collaboration agreement to drive the development of new technologies and application for animal health and animal nutrition industry.
Cargill is tackling possible mycotoxin contamination before it can start through the launch of Notox™ online, a unique, multi-species global positioning system in November 2016 that gives subscribers critical data to predict and prevent potential challenges caused by mold.
The Feed Mycotoxin Binders and Modifiers Market has been analyzed through the following segments:
Middle East and Africa