Mycotoxin
binders are the substances used to bind or adsorb specific mycotoxin,
thereby prevent them from being absorbed through the gut and into the
blood circulation. Mycotoxins contaminate the feed and cause negative
effects in the animals such as organ damage (liver/kidney),
reproduction problems, reduced performance, and greater
susceptibility to infectious diseases. Mycotoxin binders are added to
the feed in order to reduce toxicity of mycotoxins. Substances used
as mycotoxin binders comprises indigestible adsorbent materials such
as activated carbons, silicates, complex carbohydrates etc.
Mycotoxins reduce animal performance and deteriorates health as a
result of toxic effects. Mycotoxin binders added to the feed prevents
animals from absorbing toxins from the contaminated feed.
Market
Dynamics of Mycotoxin binders:
Mycotoxin
binders market
is expected to be to take a huge leap forward with the
industrialization of livestock industry coupled with the increasing
focus on the reduction of feed wastage. Also, rise in the demand for
good quality meat along with the expansion of organic meat sector is
expected to escalate the growth of mycotoxin binders. Rising
awareness among farmers regarding the usage of mycotoxins binders
also elevates the consumption of mycotoxin binders. In addition, with
the industrialization of the livestock industry also acts as a major
driver for this market. However, factors such as the need for
specific inactivators for different mycotoxins along with the
environmental concerns related to inorganic absorbents limits the
growth prospect of mycotoxin binders market.
Market
Segmentation of Mycotoxin binders:
Mycotoxin
binders market is segmented on the basis of type, animal category,
and geography. Based upon type, mycotoxin binders market is segmented
into clays, bentonite, and others. Clay is expected to hold
relatively higher market share in the mycotoxin binders market. On
the basis of animal category, mycotoxin binders market is segmented
into swine, poultry, ruminant, aquaculture, pets, horses, and others.
Poultry sub-segment among the animal category is projected to attain
for relatively higher market value in the global mycotoxin binders
market. Increase in the consumption of poultry meat, change in tastes
and preferences are expected to have a vital contribution in the
segment growth over the forecast period.
Regional
Outlook of Mycotoxin binders:
Based
on geography, Mycotoxin binders market is segmented into seven
different regions namely Asia-Pacific, Middle East and Africa, Latin
America, Western Europe, Eastern Europe, North America, and Japan.
Western Europe is expected to attain relatively higher revenue share
in the global mycotoxin binders market. Higher revenue share of the
region can be attributed to the continuous product developments
undergone by the leading manufacturers to strengthen their product
portfolio. The Asia-Pacific region is expected to offer high growth
opportunities, owing to significant increase in the feed production
along with the rise in consumer awareness about the quality of
poultry and related products.
Key
Market Players in Mycotoxin binders:
Some
of the key players in the mycotoxin binders market include Novozymes
A/S, BASF SE, Alltech, Inc., Chr. Hansen Holding A/S, Nutreco N.V.,
Adisseo France SAS, Evonik Industries AG, and Cargill, Inc. among
others. Leading manufacturers in the mycotoxin binders market are
keen to expand their product portfolio to strength their position in
the market. New product developments coupled with the increased R&D
investments are some of some of the key initiatives taken by the
companies to meet the growing demand for mycotoxin binders.
No comments:
Post a Comment