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
Data Bridge Market Research offers a high-level analysis of
the market and delivers information by keeping in account the impact and
current market environment of raw material shortage and shipping delays. This
translates into assessing strategic possibilities, creating effective action
plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth
analysis of the procurement level from forecasted shipping delays, distributor
mapping by region, commodity analysis, production analysis, price mapping
trends, sourcing, category performance analysis, supply chain risk management
solutions, advanced benchmarking, and other services for procurement and
strategic support.
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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