Mycotoxin Binders Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Mycotoxin binders, Mycotoxin modifiers), By Animal Category (Poultry, Aquaculture, Swine, Horses, Ruminant, Others), By Source (Organic, Inorganic), By End-Users (Feed Manufacturers, Home-mixers, Integrators, Aquaculture Industry), and Region.

Mycotoxin Binders Market Size was valued at US$ 2.9 billion in 2023 and is poised to grow at a CAGR of 3.9%  CAGR from 2024-2030. owing to the growing incidence of mycotoxins in crops and animal feeds. According to World Mycotoxin Survey 2021, globally 6.5 out of 10 samples had at least one mycotoxin above the threshold levels with the most prevalent being Fusarium mycotoxins DON (65%) and FUM (64%), followed by ZEN (48%). Mycotoxin binders are additives that are nutritionally inert that are used in animal feed to strongly bind and immobilize mycotoxins in animals' gastrointestinal tracts, hence lowering their bioavailability. According to the British Society for Plant Pathology, global climate change is increasing the mycotoxin contamination of crops pre and postharvest increasing incidences of mycotoxins in animals, which will encourage the use of toxin binders in animals. The adoption of compound feed globally which is catered according to the animal’s age group, and formulated by blending various materials and additives is expected to fuel the demand for mycotoxin binders in the market.

The global demand for mycotoxin binders has been sparked by high dairy, meat, and seafood consumption. Industrial agriculture is receiving significant investment from animal producers, which has raised the demand for mycotoxin binders. For instance, the consumption of meat per capita in European countries is about 77.1 kgs increasing the demand for mycotoxin binders in the market. The demand for feed is rising as there is more emphasis on providing good animal nutrition. But the COVID-19 catastrophic pandemic had a negative influence on the market. Moreover, some mycotoxin binder supplementation alleviates aflatoxin B1 toxic effects on the immune response and intestinal barrier in broilers are expected to hinder the growth of the market. However, the prevalence of mycotoxin incidence in the crops, the strict guidelines restraining the incidence of mycotoxins in feed products, and the global surge in the risk of mycotoxin contamination in the livestock feed is leading to the surge in the market and is expected to burgeon in the forecasted period.

Mycotoxin Binders Market Key Developments:

• In April 2022, Jordan’s Manaseer Group launched a new mineral-based mycotoxin binder called Animax consisting of hydrated sodium aluminosilicate (HSCAS) with 74 different rare earth elements (REE).
• In November 2021, Avitech Nutrition launched TriSorb – a premium toxin binder for the animal nutrition feed industry to combat mycotoxins using the distinctive ABC principles of Adsorption, Biotransformation, and Colonisation.