Global Feed Mycotoxin Detoxifiers Market Research Report - Segmented By Livestock (Poultry, Ruminants, Swine, Aquaculture, Pets and Other Animals), Type (Binders and Bio-Transformers), End Users (Aquaculture Industry, Integrators, Feed Manufacturers, Farmers and Home Mixers) and Region (North America, Europe, Asia – Pacific, Latin America, Middle East and Africa) –Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast from 2024 to 2029

Updated On: January, 2024
ID: 324
Pages: 175

Global Feed Mycotoxin Detoxifier Market Size (2023 to 2028)

The global feed mycotoxin detoxifier market is expected to grow from USD 1.34 billion in 2023 to USD 1.95 billion by 2028, growing at a CAGR of 7.8% from 2023 to 2028.

Global Feed Mycotoxin Detoxifier Market Share Insights:

  • Based on livestock, the poultry segment dominated the market in 2022.
  • Based on type, the binders led the market in 2022.
  • Based on region, Europe held the major feed mycotoxin detoxifier market share in 2022.

The feed mycotoxin detoxifier is a kind of detoxifying agent that is employed to prevent the growth of mycotoxins within the animal feed to keep them safe from harmful diseases. Mycotoxins are toxic fungi that are produced when fungi grow in human or animal foods. Many food items can be contaminated with mycotoxins and exposure to mycotoxins causes diseases in humans as well as animals. The Animals are exposed to mycotoxins through ingestion, inhalation, or skin contact. The mycotoxins reduce the growth rate of the young animals and impair immune responsiveness, causing cancer or perhaps death of the animal. The most common types of mycotoxins are aflatoxins, Fusarium toxins and ochratoxins.

MARKET DRIVERS:

Detoxifiers help in countering the direct or indirect effects of mycotoxin and other toxic agents. Detoxifiers such as kaolin, zeolites, and bentonite are used as a supplement to animal feed that acts as a gut protectant in the animal body and are considered excellent adsorptive materials as well as bacteria. Therefore, the use of mycotoxin detoxifiers is increasing in animal feed to keep them safe from the adverse effects of mycotoxins. The rising awareness of animal health and the benefits of detoxifiers is driving the growth of the mycotoxin detoxifier market in the forecast period.

The expansion of the meat industry worldwide is one of the major factors propelling the growth of the feed mycotoxin detoxifier market. The demand for high-quality and hygienic meat is increasing, which is encouraging farmers to use detoxifiers in order to provide pure or decontaminated feed and produce hygienic products.

The shifting concern of the population in protein-rich food products such as dairy products, eggs and meat is increasing the demand for mycotoxin detoxifiers in order to produce more and more protein-rich products from livestock. Moreover, the increasing awareness among livestock farmers regarding the animal diseases caused by mycotoxin is fueling the global market growth. Also, the stringent rules and, therefore, the government support towards the health of the animals are boosting the growth of the market within the forecast period.

Furthermore, the weather conditions of several countries worldwide are favorable for the expansion of mycotoxin, which is driving the demand for mycotoxin detoxifiers in these regions. Owing to the above factors, the demand for the detoxifier is boosting the growth of the mycotoxin detoxifier market during the forecast period.

MARKET RESTRAINTS:

The harmful environmental effect employment of inorganic absorbents, the need for precise activators for every mycotoxin and the limited techniques to investigate the prevalence of mycotoxin and eliminate them safely among the producers is hampering the growth of the feed mycotoxin detoxifier market.

Impact of COVID-19 on the global feed mycotoxin detoxifier market:

The Global Feed Mycotoxin Detoxifier Market has been significantly impacted by the COVID-19 outbreak. The spread of the deadly virus has led to a strict lockdown and travel restrictions, due to which the supply of raw materials has been infected, which further affects the production and the supply chain of the product to the retailers and end users. Moreover, during a pandemic, the demand for animal products was reduced as it was suspected that COVID might have originated from animals, which in turn reduced the demand for the detoxifier. However, with the negative effects of COVID-19 on the health of humans, the population is shifting their consumption preference towards more protein-rich food, including dairy, eggs, and meat, which is driving the growth of the mycotoxin detoxifier market in the coming years.

 REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2022 to 2028

Base Year

2022

Forecast Period

2023 to 2028

CAGR

7.8%

Segments Covered

By Livestock, Type, Transformer, End Users, and Region.

Various Analyses Covered

Global, Regional and Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Alltech Bio-products Co., Ltd, AMLAN International, Belgium Impextraco, Biomin Feed Additive (Shanghai) Co., Ltd., Prince Agri, Kemin Industries, Inc., Perstorp Performance Additives, Pfizer Animal Health (Zoetis), Special Nutrients, Inc., NutriAd and Others.

 

This research report on the global feed mycotoxin market has been segmented and sub-segmented into the following categories.

Global Feed Mycotoxin Detoxifier Market - By Livestock:

  • Poultry
  • Ruminants
  • Swine
  • Aquaculture
  • Pets
  • Other Animals

Based on livestock, the poultry segment is expected to capture the largest share of the global market during the forecast period owing to the increasing demand for eggs and poultry meat by the rising population. So, mycotoxin detoxifiers are highly preferable for poultry feed in order to reduce the chance of diseases in poultry animals. Moreover, the rising concern towards protein-rich food is also driving the growth of the market. The high preferences for aflatoxins in poultry feeds that contaminate feeds and reduce chicken’s body weight are some of the factors that will boost the demand for feed mycotoxin detoxifiers in the coming years.

Global Feed Mycotoxin Detoxifier Market - By Type:

  • Binders
    • Clays
    • Bentonite
    • Other
  • Bio Transformer
  • Mycotoxin
  • Modifiers
  • Yeasts
  • Enzymes
  • Others

Based on Type, the binders segment is predicted to dominate the global market during the forecast period as binders are highly capable of reducing the bioavailability of the mycotoxin and are the most effective agent in avoiding the contamination of feed caused by mycotoxins. The binder detoxifier agent helps in preventing the animal intestinal tract from the absorption of mycotoxin by adsorbing toxins into their surface.

Global Feed Mycotoxin Detoxifier Market - By End Users:

  • Aquaculture Industry
  • Integrators
  • Feed Manufacturers
  • Farmers
  • Home Mixers

Based on End Users, the Global Feed Mycotoxin Detoxifier Market is segmented into Aquaculture Industry, Integrators, Feed Manufacturers, Farmers, and Home Mixers. Feed Manufacturers and Livestock Farmers are the dominating segments of the Feed Mycotoxin Detoxifier Market.  The feed manufacturers are using mycotoxin detoxifiers so that the manufactured feed or their feed products do not get contaminated and increase the shelf life of the feed. Also livestock farmers are also demanding the feed of mycotoxin detoxifiers in order to provide hygienic food to animals and keep them safe from harmful diseases caused by mycotoxins.

Global Feed Mycotoxin Detoxifier Market - By Region:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

Europe is largest market of the feed mycotoxin detoxifier market and is going to sustain its position in the global market during the forecast period due to the ready availability of the raw material and high effectiveness. Feed Manufacturers are the biggest consumer in this market due to the easy availability of raw materials in this region. Additionally, the stringent regulations imposed by the governing bodies for hygienic meat products are driving the growth of the market.

Asia-Pacific is estimated to hold huge potential market share due to the rising demand for protein-rich food such as meat, eggs, and dairy products in this region. Also, the rising consumption of meat, along with the growing production of local meat, is driving the growth of the market. Additionally, the increasing demand for quality food and the growing awareness of animal safety are boosting the growth of the market. Moreover, the increasing per capita income of the population with the expansion of the animal industries is driving the growth of the market in this region during the forecast period between 2022 and 2027.

North America is expected to show a steady growth rate during this period. In the United States, the weather conditions are highly favorable for the growth of mycotoxins in animal feed. The weather conditions cause delays in planting and harvesting of the crop and allow the crop to stay longer in the fields that expose more to mycotoxins, due to which the demand for mycotoxin detoxifier is rising in this region. Also, the presence of international companies like Alltech, Alman International and Norel Animal Nutrition is fueling the growth of the mycotoxin detoxifier market in the coming years.

KEY MARKET PLAYERS:

Some of the leading companies operating in the Global Feed Mycotoxin Detoxifier Market are Alltech Bio-products Co., Ltd. and AMLAN International. Belgium Impextraco, Biomin Feed Additive (Shanghai) Co., Ltd., Prince Agri, Kemin Industries, Inc., Perstorp Performance Additives, Pfizer Animal Health (Zoetis), Special Nutrients, Inc., NutriAd

RECENT DEVELOPMENTS IN THE MARKET:

  • In March 2021, BIOMIN (a leading animal nutrition and feed additive firm) launched the newest mycotoxin risk management solution named “Mycofix Plus 5. Z with ZENzyme” in selected markets across the Asia-Pacific region. Mycofix Plus 5. Z with ZENzyme is an innovative and all-in-one feed additive that provides next-generation mycotoxin risk management for breeding animals and their offspring.
  • In June 2020, DSM, which is a chemical company and feed additive producer, announced that it is going to acquire Austria-based Erber Group, which is a holding company of Biomin and Romer Labs. These companies specialize primarily in mycotoxin risk management, gut health management, and feed safety diagnostic solutions that would expand the DSM’s range of higher value-added specialty solutions.

Please wait. . . . Your request is being processed

Frequently Asked Questions

what is the size of global feed mycotoxin dectoxifier market?

The Global Feed Mycotoxin Detoxifier Market was expected to grow USD 1.34 billion in 2023

what is the growth of mycotoxin detoxifier market?

The mycotoxin detoxifier market is estimated to reach a valuation of USD 1.95 billion by the end of 2028

what are key market players in mycotoxin detoxifier market?

Some of the leading companies operating in the Global Feed Mycotoxin Detoxifier Market are Alltech Bio-products Co., Ltd. and AMLAN International. Belgium Impextraco, Biomin Feed Additive (Shanghai) Co., Ltd., Prince Agri, Kemin Industries, Inc., Perstorp Performance Additives, Pfizer Animal Health (Zoetis), Special Nutrients, Inc., NutriAd

Related Reports

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2500

Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM

Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!

REACH OUT TO US

Call us on: +1 888 702 9696 (U.S Toll Free)

Write to us: [email protected]

Click for Request Sample