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Feed Mycotoxin Detoxifiers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A6063
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Market Overview:
The global feed mycotoxin detoxifiers market size reached US$ 2.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.8 Billion by 2028, exhibiting a growth rate (CAGR) of 7.37% during 2023-2028.
Feed mycotoxin detoxifiers refer to various additives that are added to animal feed to convert the toxins into less toxic products. They act as bio-transforming agents to prevent the contamination of feed by mycotoxins that can negatively impact animal health, leading to problems related to reproduction, performance, or organ damage, such as liver and kidney. In recent years, feed mycotoxin detoxifiers have gained traction among farmers as they help protect animals against numerous diseases and promote proper growth in livestock.
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Feed Mycotoxin Detoxifiers Market Trends:
The expanding compound feed industry and the rising consumption of animal-based products, such as dairy, eggs and meat, represent the primary factors driving the market growth. Additionally, there has been a significant increase in the prevalence of mycotoxins in animal feed crops like maize due to unfavorable weather conditions. This, in confluence with the growing awareness regarding the benefits of feed mycotoxin detoxifiers among the farmers, is augmenting the product demand. Besides this, the escalating consumer demand for high-quality food and the shifting focus toward animal health are accelerating the adoption of mycotoxin detoxifiers in animal fodder. Moreover, the implementation of advanced animal husbandry practices to enhance meat quality and the rising livestock population are propelling the market growth. Furthermore, the leading manufacturers are making heavy investments in research and development (R&D) activities to introduce nutritious feed additives and expand their product portfolio. Other factors, including the growing concerns regarding food safety, easy availability of raw materials, inflating consumer disposable incomes, and favorable government initiatives, are also creating a positive market outlook.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global feed mycotoxin detoxifiers market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, animal type and end user.
Breakup by Type:
- Binders
- Bentonite
- Clay
- Others
- Bio-Transformers
- Enzymes
- Yeasts
- Others
Breakup by Animal Type:
- Ruminant
- Poultry
- Swine
- Others
Breakup by End User:
- Aquaculture
- Feed Manufacturers
- Farmers
- Home-Mixers
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Adiveter S L, Alltech Inc., Amino Pharma, Amlan International, Bluestar Adisseo Company, Cenzone Tech Inc., Impextraco N.V., Kemin Industries Inc., Koninklijke DSM N.V., Nutrex, Olmix Group, Perstorp Holding AB and Special Nutrients.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Billion |
| Segment Coverage | Type, Animal Type, End User, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | Adiveter S L, Alltech Inc., Amino Pharma, Amlan International, Bluestar Adisseo Company, Cenzone Tech Inc., Impextraco N.V., Kemin Industries Inc., Koninklijke DSM N.V., Nutrex, Olmix Group, Perstorp Holding AB and Special Nutrients |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global feed mycotoxin detoxifiers market was valued at US$ 2.3 Billion in 2022.
We expect the global feed mycotoxin detoxifiers market to exhibit a CAGR of 7.37% during 2023-2028.
The expanding compound feed industry, along with the rising popularity of feed mycotoxin detoxifiers among farmers as they help protect animals against numerous diseases and promote proper growth in livestock, is primarily driving the global feed mycotoxin detoxifiers market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary halt in numerous animal husbandry practices, thereby negatively impacting the global market for feed mycotoxin detoxifiers.
Based on the type, the global feed mycotoxin detoxifiers market can be segmented into binders and bio-transformers. Currently, binders hold the majority of the total market share.
Based on the animal type, the global feed mycotoxin detoxifiers market has been divided into ruminant, poultry, swine, and others. Among these, poultry currently exhibits a clear dominance in the market.
Based on the end user, the global feed mycotoxin detoxifiers market can be categorized into aquaculture, feed manufacturers, farmers, home-mixers, and others. Currently, feed manufacturers account for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa.
Some of the major players in the global feed mycotoxin detoxifiers market include Adiveter S L, Alltech Inc., Amino Pharma, Amlan International, Bluestar Adisseo Company, Cenzone Tech Inc., Impextraco N.V., Kemin Industries Inc., Koninklijke DSM N.V., Nutrex, Olmix Group, Perstorp Holding AB, and Special Nutrients.
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