Mycotoxin Binding Agent Market

Mycotoxin binding agent Market Outlook (2024 to 2034)

The global mycotoxin binding agent market is analyzed to reach a valuation of US$ 274.1 million in 2024 and further expand at a CAGR of 6.7% to end up at US$ 524.4 million by the year 2034.

Compounds known as mycotoxin binding agents bind to mycotoxins, which are harmful secondary metabolites produced by fungus. Mycotoxins become less bioavailable because of this binding process, which also lessens their toxicity. Mycotoxins are adsorbed by several binding agents, including clay minerals such as bentonite, kaolin, and montmorillonite.

Because of its wide surface area and porous nature, activated carbon works well as an adsorbent for mycotoxins. Polysaccharides and glucans found in yeast cell walls are bound to mycotoxins. Enzymes, such as xylanase and cellulase, are able to break down to cell walls of fungus and lessen the generation of mycotoxins. Propionic acid, acetic acid, and citric acid are examples of organic acids that are going to change the pH of feed and stop fungus development.

To lessen this toxicity of contaminated feed, mycotoxin-binding compounds are frequently utilized in animal feed. It is crucial to remember that this kind and degree of contamination as well as this kind and dose of the binding agent employed is also going to affect the efficiency of the chemical. Thereby, it is critical to select the appropriate binding agent for a particular mycotoxin and to apply it according to the suggested criteria.

The development and use of mycotoxin binders are still influenced by risks that mycotoxin poses to livestock performance, including decreased feed intake, poor feed conversion, and poor reproductive outcomes. Several studies show that mycotoxins continue to ensnare to animal husbandry industry, with harmful mycotoxins found in almost all global crops. Growing levels of feed contamination in pigs and poultry, along with mycotoxin binders' propensity to combine nutrients and toxins at the same time, have spurred research and development of porous surface clays that target toxin binding selectively.

While advances in conventional procedures are ongoing, livestock performance and health are still negatively impacted by mycotoxin contamination. This has put more pressure on animal feed producers to use creative solutions. According to several studies, nanotechnology offers a viable, affordable, and efficient way to reduce possible negative effects of mycotoxins on human health. Producers of mycotoxin binders are able to find that using carbon-based nanomaterials with large surfaces and strong binding capacities, such as graphene, will give them a useful tool in the fight against feed contamination. Carbon-based nanomaterials are dominating the mycotoxin binders market because of their remarkable stability, inertness, strong adsorptive qualities, large surface area per weight, and colloidal stability.

Report Attributes	Details
Mycotoxin binding agent Market Size (2024E)	US$ 274.1 Million
Forecasted Market Value (2034F)	US$ 524.4 Million
Global Market Growth Rate (2024 to 2034)	6.7% CAGR
East Asia Market Value (2034F)	US$ 121.1 Million
North America Market Share (2034F)	24.3%
Raw Clay Segment Value (2034F)	US$ 190.9 Million
United States Market Value (2034F)	US$ 58.1 Million
Key Companies Profiled	Novozymes; BASF; Novus International; Bayer; Syngenta International; Cargill; Olmix SA; Industrial Tecnica Pecuaria SA; Alltech; DowDuPont; Anpario; Nutreco; Biomin Holding 9; Kemin Industries; Impextraco; Bluestar Adisseo; Norel Nutricion Animal

What are the Prevailing Mycotoxin Binding Agent Market Trends?

“Growing Prevalence of Health Issues Pushing Sales of Mycotoxin Binding Agents”

Growing consumer concern about health and desire for natural and organic components in their food and feed is driving up demand for natural and organic mycotoxin binding agents. Due to their perceived safety and environmental friendliness over synthetic alternatives, natural mycotoxin binding agents including clays and plant-based extracts are in greater demand. Technological developments for mycotoxin analysis and detection are positively affecting market prospects. Production of more precise and sensitive detection approaches is possible by the development of sophisticated analytical techniques for mycotoxin analysis and detection. Because of this, there is a greater need for mycotoxin-binding substances that are going to bind to mycotoxins even at low concentrations.

Animal feed is used more often due to the expanding worldwide population as well as increased demand for dairy and meat products. Mycotoxin contamination is limiting the health and production of animals, which costs farmers a lot. These reasons are contributing to increased market revenue. To lessen these effects of mycotoxin contamination in animal feed, there is a rising need for mycotoxin-binding compounds. Moreover, the need for substances binding mycotoxins at low concentrations efficiently has grown with the development of sophisticated analytical tools for mycotoxin detection and analysis.

“Awareness about Animal Rights is Further Driving Global Market Growth”

The need for chemicals is rising with implementing policies and programs by several governments globally to ensure security and safety of food. For instance, the European Union imposed strict rules on the use of mycotoxin in food and feed, which is raising chemical demand and subsequently creating prospects for manufacturers. Increasing consciousness about the detrimental impacts of mycotoxins on animal fitness has been a major driving factor in the market for feed mycotoxin binders. Mycotoxins are toxic substances that create and contaminate animal feed. Cattle also have a range of health issues as a result, including decreased feed intake, stunted development, decreased milk output, or even death. To safeguard animal welfare, there is an increasing need for mycotoxin control solutions such as binders as concerns about animal fitness and wellbeing continue to increase.

What are the Restraints to the Sales of Mycotoxin Binding Agents?

“Seasonal Fluctuations of Resources Limiting Mycotoxin Binding Agent Market Growth”

The expense of mycotoxin binding agents is going to prevent them from being widely used in several industries, especially in underdeveloped countries where entry barriers to the market are sometimes severe. Natural resources including clays and plant extracts, which would be having seasonal fluctuations and restricted availability, are sources of several compounds. This is going to have an adverse impact on the product's dependability and quality, which is restricting its uptake.

The market for feed mycotoxin binders is positioned by several guidelines and recommendations that control the use of additives in animal feed. It is going to be difficult to comply with those regulations, and failing to do so results in product recalls or demand limitations. Creating mycotoxin binders that satisfy several regulatory standards in several areas is a barrier for manufacturers in this market.

Country-wise Analysis

The market is projected to reach around the world as people are looking for more tasty food. Some of these countries include the United States, China, Canada, and South Korea. The United States market is forecasted to hold a significant mycotoxin binding agent market share in North America.

What is Contributing to the Rising Market Size in the United States?

“Established Food and Beverage Industry Pushing Requirement for Mycotoxin Binding Agent”

Attribute	United States
Market Value (2024E)	US$ 29.2 Million
Growth Rate (2024 to 2034)	7.1% CAGR
Projected Value (2034F)	US$ 58.1 Million

The well-established food and beverage sector in the United States is a major factor contributing to the growing market size for mycotoxin binding agents. Effective ways to reduce mycotoxin contamination in food items are in greater demand as public knowledge of health dangers grows and food safety standards become stricter. Certain molds are creating mycotoxins, which seriously endanger both human and animal health. Mycotoxin-binding agents are widely used in this sector as a preventative step to guarantee the quality and safety of products. It is certain that this pattern is going to continue, with growing demand for these agents in several industries, such as food production, grain processing, and animal feed.

How Suppliers in China are Enjoying Huge Profits?

“Increasing Production of Animal Feed Accelerating Mycotoxin Binding Agent Demand”

Attribute	China
Market Value (2024E)	US$ 30 Million
Growth Rate (2024 to 2034)	6.7% CAGR
Projected Value (2034F)	US$ 57.5 Million

China is becoming a major market for mycotoxin binding agents, and this is mostly because the country is producing more animal feed. Demand for premium animal feed has increased as China's livestock sector grows to match the country's growing meat consumption. Mycotoxin binding agents are playing a pivotal role in this development, as they are essential to maintaining animal health and feed safety. Several producers in China are enhancing their product offerings and increasing production to take advantage of this potential.

Category-wise Analysis

The market is segmented into several categories including species and product type. Some of the key products include raw clay, zeolites, and other treated aluminosilicates.

Which Product Type is widely purchased by End Users?

“Raw Clay is Frequently Desired by Buyers in Global Market”

Attribute	Raw Clay
Segment Value (2024E)	US$ 102 Million
Growth Rate (2024 to 2034)	6.5% CAGR
Projected Value (2034F)	US$ 190.9 Million

The product type in mycotoxin binding agent that is widely purchased by end users is raw clay. It is frequently used by buyers due to its effectiveness in binding mycotoxins and preventing their absorption in the digestive tract of animals. End users prefer raw clay as a mycotoxin-binding agent because of its natural properties and proven ability to improve animal health and productivity. Demand for raw clay as a mycotoxin binding agent continues to grow as more end users prioritize the well-being of their livestock and seek sustainable solutions to mycotoxin contamination

Which Species is Majorly Preferred to Extract Resources?

“Poultries are Primarily Chosen for Extracting Mycotoxin Binding Agent”

Attribute	Poultry
Segment Value (2024E)	US$ 80.9 Million
Growth Rate (2024 to 2034)	6.8% CAGR
Projected Value (2034F)	US$ 155.5 Million

Species majorly preferred for extracting resources for mycotoxin-binding agents are poultry. Poultries are primarily chosen by more companies due to their high affinity for certain types of binding agents and their widespread availability in the agricultural sector. Suppliers recognize the efficiency of utilizing poultry-derived components in the extraction of mycotoxin-binding agents, leading to a significant preference for poultries in this process. Poultry-derived mycotoxin binding agents have demonstrated notable effectiveness in animal feed applications, further contributing to their preference by suppliers seeking to extract resources for this purpose.

Business Landscape

Key players in the mycotoxin binding agent are introducing new products including several food texturing agents to stay ahead of the competition

• The European Union released new guidelines for the use of mycotoxin binders in animal feed in March 2023. These new regulations aim to ensure the efficacy and safety of mycotoxin binders.
• A brand-new dataset on mycotoxins in animal feed was released by the Food and Agriculture Organization of the United Nations (FAO) in May 2023. The documentation emphasizes how crucial it is to employ mycotoxin binders to protect the well-being and productivity of animals.
• The US Food and Drug Administration (FDA) approved Toxi-Sorb, a novel mycotoxin binder, for use in animal feed in April 2023. A clay-based binder called Toxi-Sorb works well against a range of mycotoxins.

Fact.MR provides detailed information about the price points of key manufacturers in the mycotoxin binding agent market positioned across the world, sales growth, production capacity, and speculative technological expansion, in this new market report.

Segmentation of Mycotoxin Binding Agent Market Research

• By Product Type:

  • Raw Clay
  • Zeolites & Other Treated Aluminosilicates
  • Polysaccharides
  • Other Materials

• By Species:

  • Poultry
  • Swine
  • Ruminants
  • Aqua
  • Pets
  • Equine
  • Others

• By Region:

  • North America
  • Western Europe
  • Eastern Europe
  • Latin America
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa