The middle east and africa mycotoxin binders market grew at a CAGR of 8.20% from 2022 to 2029, from a market value of USD 39.50 million in 2021 to USD 74.20 million in 2029.
Due to the rising incidence of illnesses and infestations in feed, as well as the growing demand from consumers for products derived from livestock, mycotoxin binders are predicted to have considerable market expansion. The poultry industry has made significant expenditures in rearing, breeding, hatching, and processing. The demand for high-quality products has grown, which has led to an increase in the use of feed additives such mycotoxin binders.
Chemicals that bind to mycotoxins, commonly referred to as adsorbents, prevent them from entering the circulation and from being absorbed by the stomach. When other protective measures against mycotoxins and moulds have failed, the use of mycotoxin binders can be advantageous. Certain types of mould naturally create mycotoxins, which are extremely harmful compounds (fungi).
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Middle East and Africa Mycotoxin Binders Market Dynamics
Drivers
Rising demand of mycotoxin binders animal husbandry sector
The risks of mycotoxin on livestock performance, such as poor reproductive performance, reduced feed intake and poor feed conversion continue to influence adoption and development of mycotoxin binders. The animal husbandry industry continues to be in the shackles of mycotoxins, because of numerous studies which indicate approximately 25% of the world's crops contain toxic mycotoxins.
Increasing feed contamination in poultry and swine, and tendency of mycotoxin binders to blend nutrients and toxins simultaneously, has led to an increase in porous surface clays that work specifically on toxin binding.
Opportunities
Product advancement
Major market players in the mycotoxin binders market are enhancing and exploring the potential role of biotransformation for risk management. Numerous benefits associated with the leveraging biotransformation in opposing mycotoxin contamination in animal feed, such as irreversible nature of the process and detoxification without nutritional binding. These are some of the factors which are likely to create opportunities for the growth of the mycotoxin binders industry during the forecast period.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
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COVID-19 Impact on Mycotoxin Binders Market
The animal feed additive industry is witnessing significant growth for last few years because developing economies are experiencing rapid growth. The outbreak of COVID-19 has impacted several industries, and the global economy faces negative consequences during the pandemic.
Feed production has showed sharp growth and has reached 1 Bn tons mark. However, production outcome in 2020-21 is anticipated to show a moderate drop as top manufacturing countries witness high impact due to the coronavirus. As restrictions have been eased, producers have started manufacturing feed additives, consequently benefitting the growth of the mycotoxin binders market.
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Middle East and Africa Mycotoxin Binders Market Scope
Product Type
- Adsorbents
- Aluminosilicates
- Activated Charcoal
- Organic Binders
Nature
- Organic
- Inorganic
Form
- Dry
- Liquid
Some of the major players operating in the mycotoxin binders market are:
- Bayer AG (Germany)
- BASF SE (Germany)
- Alltech (U.S.)
- Anpario (U.K)
- Olmix Group (France)
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