The increasing mindfulness of people toward animal nutrition has led to the introduction of favorable animal feed alternatives. However, the animal feed industryis often challenged by the presence of toxins, more specifically mycotoxin. Mycotoxins are naturally occurring toxins in food which are produced by certain molds. The mycotoxin-producing molds can grow on a range of different crops and food items and can easily penetrate deep inside the food and are not limited to the surface. When animals consume even small doses of mycotoxins, it may result in acute disease episodes and impair their immunologic responsiveness. To that end, binding agents such as feed mycotoxin binders have gained significant momentum to prevent the entrance of mycotoxin into the bloodstream of animals which may adversely harm their health and performance.
Feed mycotoxin binders have witnessed a mounting demand with growing food safety concerns, an inclination toward livestock performance and advancements in the development of binding agents by top companies operating in this business space. In view of these developments, the feed mycotoxin binders market is projected to register a valuation of more than $294 million by 2028.