Middle East and Africa Mycotoxin Binders Market by 2029, is Anticipated to Reach USD 74.20 million

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.

Growing usage of compound feed

Majority of animal farms all over the globe are adopting feed tailored mainly for different age groups of animals, commonly well-known as compound feed over normal feed. This is likely to benefit additive providers because these compound feeds are formulated by blending several additives and raw materials and together.

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.

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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 tonsmark. 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)