Feed Mycotoxin Detoxifiers Market

Feed Mycotoxin Detoxifier Market Size (2022-2027)

The Global Feed Mycotoxin Detoxifier Market was worth US$ 1.24 billion in 2022, and it is estimated to reach a valuation of US$ 1.80 billion by the end of 2027, expanding at an annual growth rate of 7.8 % between 2022 and 2027.

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

Detoxifiers help in countering the direct or indirect effects the mycotoxin and other toxic agents. Detoxifiers such as kaolin, zeolites, and bentonite are used as a supplement to the animal feed that acts as a gut protectant in the animal body and considered as the excellent adsorptive materials as well as bacteria. Therefore, the use of the mycotoxin detoxifiers is increasing in the animal feed in order to keep them safe from the adverse effects of the mycotoxins. The rising awareness towards the animal health and the benefits of the detoxifiers is driving the growth of the mycotoxin detoxifier market in the forecast period between 2022 and 2027.

MARKET DRIVERS

The driving force of the Feed Mycotoxin Detoxifier Market is the expansion of the meat market. The demand of high quality and hygienic meat is increasing which is encouraging the farmers to use detoxifier in order to provide the pure or decontaminated feed and produce hygienic products.

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

Furthermore, the weather conditions of the several countries worldwide are favorable for the expansion of the mycotoxin is driving the demand of mycotoxin detoxifiers in these regions. Owing to the above factors the demand of the detoxifier is boosting the growth of the mycotoxin detoxifier market during the period between 2022 and 2027.

MARKET RESTRAINTS

The harmful environmental effect employment of the inorganic absorbents, the need for precise in activators for every mycotoxin and also 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.

GLOBAL FEED MYCOTOXIN DETOXIFIER MARKET REPORT COVERAGE

Market Segmentation:

Global Feed Mycotoxin Detoxifier Market - By Livestock:

• Poultry

• Ruminants

• Swine

• Aquaculture

• Pets

• Other animals

Based on Livestock, the Global Feed Mycotoxin Detoxifier Market is segmented into Poultry, Ruminants, Swine, Aquaculture, Pets, and Other animals. Poultry Segment is going to boost the market size due increasing demand of eggs and poultry meat by the rising population. So mycotoxicin detoxifiers are highly preferable for poultry feed in order to reduce the chance of diseases in poultry animals. Moreover, the rising concern towards the protein rich food is also driving the growth of the market. The high preferences of the aflatoxins in poultry feeds that contaminate feeds and reduce chicken’s body weight are some of factors that boost the demand for feed mycotoxin detoxifiers in the coming years.

Global Feed Mycotoxin Detoxifier Market - By Type:

• Binders

• Clays

• Bentonite

• Other

Global Feed Mycotoxin Detoxifier Market - Bio-Transformer:

• Mycotoxin, Modifiers

• Yeasts

• Enzymes

• Others

Based on Type, the Global Feed Mycotoxin Detoxifier Market is segmented into Mycotoxin Binders, Clays, Bentonite, Mycotoxin, Modifiers, Yeasts, Enzymes, and Others. The Binders segment is going to dominate the global mycotoxin detoxifier market during the forecast period as binders are highly capable in reducing the bioavailability of the mycotoxin and most effective agent in avoiding the contamination of feed caused by mycotoxins. The binders detoxifier agent helps in preventing the animal intestinal tract from the absorption of mycotoxin through 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 segment 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 contaminate and increase the shelf life of the feed. Also, the livestock farmers are also demanding the feed 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:

1. North America
2. Europe
3. Asia-Pacific
4. RoW (Rest of the World)

Europe is largest market of the feed mycotoxin detoxifier market and is going to sustain its position in global market during the forecast period due to ready availability of the raw material and high effectiveness. Feed Manufacturers are the biggest consumer in this market due to easy availability of raw material 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 rising demand of protein rich food such as meat, eggs and dairy products in this region. Also, the rising consumption of the meat along with the growing production of local meat is driving the growth of the market. Additionally, the increasing demand of quality food and the growing awareness towards animal safety is boosting the growth of the market. Moreover the increasing per capita income of the population with 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 steady growth rate during this period. In United States, the weather conditions are highly favorable for the growth of mycotoxins in the animal feed. The weather conditions cause delay 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 of mycotoxin detoxifier is rising in this region. Also, the presence of the international companies like Alltech, Alman International and Norel Animal Nutrition is fueling the growth of the mycotoxin detoxifier market in the coming years.

Covid-19 Impact on Global RF Test Equipment Market:

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

Key Players

Some of the leading companies operating in the Global Feed Mycotoxin Detoxifier Market are 

• 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

Recent Developments:

• In March 2021, BIOMIN (a leading animal nutrition and feed additive firm) has launched newest mycotxin 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 which provides next generation mycotoxin risk management for breeding animals and their off springs.

• In June 2020, DSM which is a chemical company and feed additive producer has announced that it is going to acquire Austria-based Erber Group which is a holding company of Biomin and Romer Labs. These companies are specialized primarily in mycotoxin risk management, gut health management and feed safety diagnostic solutions that would expand the DSM’s range of higher value-add specialty solutions.