The Asia-Pacific Feed Mycotoxin Detoxifiers Market was worth USD 750 Million in 2021 and estimated to be growing at a CAGR of 4%, to reach USD 910 Million by 2026.
The Asia-Pacific Feed Mycotoxin Detoxifiers market is emerging at a substantial rate due to the increase in the livestock population for meat consumption as a source of protein. Mycotoxin detoxifiers, when used in animal feed, foil the contamination of feed by mycotoxins, which are a collective group of natural chemicals (toxic secondary metabolites) that are produced by certain molds. These various mycotoxins contaminate the animal feed and negatively affect animals. These negative effects could range from problems related to reproduction and organ damage (liver/kidney) to a greater susceptibility to infectious diseases in animals.
Market Restraints:
The growth of the Feed Mycotoxin Detoxifiers market is mainly due to the rise in global meat consumption, technological innovations in the industry, and the danger of diseases in livestock. Competition for raw materials with other industries and the price volatility of agro-commodities are the main factors restraining the growth of this market.
Asia-Pacific Feed Mycotoxin Detoxifiers Market - By Type:
Antibiotics
Asia-Pacific Feed Mycotoxin Detoxifiers Market - By Livestock:
The Market is Geographically divided into:
The Asia-Pacific region is geographically segmented into China, India, Japan, South Korea, and Australia. This region offers significant opportunities for the Feed Mycotoxin Detoxifiers market, with China and India being the most populous countries in this region contributing to the increasing demand. The Asia-Pacific region is expected to offer lucrative growth opportunities, owing to the considerable increase in feed production and increasing awareness among the consumers about the quality of meat products and due to the rise in disposable incomes in developing economies, primarily in China and India.
Key Players:
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Type
5.1.1 Binders
5.1.2 Bio transformers
5.2 By Animal category
5.2.1 Ruminant
5.2.2 Poultry
5.2.3 Swine
5.2.4 Aquaculture
5.2.5 Pets
5.2.6 Horses
5.2.7 Others
6. Geographical Analysis
6.1 Introduction
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Alltech Inc.
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 BASF SE
8.3 Cargill Inc.
8.4 Novozymes A/S
8.5 Chr. Hansen Holding A/S
8.6 Archer Daniels Midland Company
8.7 Charoen Pokphand Foods Public Company Limited
8.8 Nutreco N.V.
8.9 Evonik Industries AG
8.10 Adisseo France SAS
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
