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Global Market Insights, Inc. has added a new report on Feed Mycotoxin Binders Market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of market in tandem with its competitive terrain.

Feed Mycotoxin Binders Market may surpass USD 260 million by the end of 2024; according to a new research report. Increasing meat products consumption with consumer preferences towards healthy and safe food should drive Feed Mycotoxin Binders Market. Increasing incidences of diseases in livestock including bird and swine flu caused by contaminated ingredients and unfavorable living environment should boost industry growth.

Increasing protein rich meat sources demand including swine, ruminants and poultry along with rising animal health awareness should drive Feed Mycotoxin Binders Market demand. They prevent contamination in animal diet and reduce toxic effects in animals is likely to propel product demand. Strict governmental norms by health & safety agencies towards standardizing meat products to protect consumer from swine & bird flu disease outbreaks should drive Feed Mycotoxin Binders Market.

Bentonite mycotoxin binders market is poised to surpass USD 120 million by the end of 2024 due to its improved pellet quality, feed efficiency, flowability, and production rate. Properties such as irreversibility, high adsorption capacity, specificity and safety provided upon consumption of these products should promulgate Feed Mycotoxin Binders Market demand.

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Global Feed Mycotoxin Binders Market share is moderately concentrated with industry players including VisscherHolland, Alltech, Kemin, Bentoli, Biomin and Selko. These industry players focus on strengthening their production capacity along with expanding its distribution network and regional presence. Nutriad International has developed & introduced MYCOMAN, a secondary metabolite management mobile application. Participants also concentrate in expanding their product portfolio through mergers, acquisition and partnerships. 

Livestock enterprises lose huge sum of money caused by contamination of animal feed ingredients and compound feeds by toxic metabolite moulds known as secondary metabolites. Commonly found secondary metabolites include are fumonisin, monoliformin, deoxynivalenol and zearalenone. Consumption of these harmful toxic strains may cause disease and even mortality. These binders coagulate and bind these secondary metabolites reducing its noxious effect on feed ingredients.

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Europe driven by UK, France, and Germany feed mycotoxin binders market may witness significant gains at over 7% up to 2024. Increasing meat & poultry demands from booming food & beverage sector including processed foods, fast food joints and restaurants should drive the regional growth.

Global Feed Mycotoxin Binders Market Share is moderately concentrated with prominent players including BASF SE, Kemin, Bayer, Alltech, Novus International, Anfotel Nutrition, Virbac Group, Selko, and Bentoli.

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