Europe Feed Mycotoxin Detoxifiers Market

Europe Feed Mycotoxin Detoxifiers Market (2023 to 2028)

The European feed mycotoxin detoxifiers market is predicted to grow to USD 524.9 million in 2023 and is estimated to be growing at a CAGR of 3.5%, reaching USD 623.42 million by 2028.

The European feed Mycotoxin Detoxifiers market is evolving at a substantial rate due to the rise in the livestock population's preference for meat consumption as a source of protein. Mycotoxin detoxifiers, when used in animal feed, thwart the corruption of feed by mycotoxins, which are a collective group of natural chemicals (toxic secondary metabolites) that are formed from 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. They can also affect the performance of these animals. To defend the animals from these negative effects, mycotoxin detoxifiers are used in animal fodder.

MARKET DRIVERS AND RESTRAINTS:

The growth of the European feed Mycotoxin Detoxifiers market is mainly driven by factors such as the rise in meat consumption, a better understanding of the usage of mycotoxin detoxifiers among farmers, and the ecological impact of the meat and dairy industry. Technological innovations also play a crucial role in the advancement of this industry. Although this market has quite a few substantial drivers, it is still restrained by a few factors, such as the need for specific inactivators for different mycotoxins and the environmental concerns related to inorganic absorbents.

REPORT COVERAGE:

This market research report on the European mycotoxin detoxifier market is segmented and sub-mentioned into the following categories.

Europe Feed Mycotoxin Detoxifiers Market - By Type:

• Binders
  • Bentonite
  • Clays
  • Others
• Bio transformers
  • Enzymes
  • Yeasts
• • others

Europe Feed Mycotoxin Detoxifiers Market - By Animal:

• Ruminant
• Poultry
• Swine
• Aquaculture
• Pets
• Horses
• Others

In this category, the poultry segment leads the European feed Mycotoxin Detoxifiers market.

Europe Feed Mycotoxin Detoxifiers Market – By Country:

• Germany
• U.K
• France
• Spain
• Italy

The poultry segment is developing as a leading livestock segment for the consumption of feed additives, trailed by swine and cattle, because of the increase in demand for poultry meat, and consumer taste predilections. Hence the rising need for the prevention of contamination of animal feed is driving this market.

MARKET KEY PLAYERS:

BASF SE, Cargill, Inc, Alltech, Inc, Novozymes A/S, Chr. Hansen Holding A/S, Archer Daniels Midland Company, Charoen Pokphand Foods Public Company Limited, Nutreco N.V., Evonik Industries AG, Adisseo France SAS. These are some of the major key players involved in the European feed mycotoxin detoxifier market.