Latin America Feed Mycotoxin Detoxifiers Market

Latin America Feed Mycotoxin Detoxifiers Market Size & Growth 2026:

Latin America Feed Mycotoxin Detoxifiers Market was worth USD 210 Million in 2021 and estimated to be growing at a CAGR of 3.3%, to reach USD 250 Million by 2026.

The Latin America Feed Mycotoxin Detoxifiers market is developing at a significant rate due to the increase in the livestock population for meat consumption as a source of protein. Mycotoxin detoxifiers, when used in animal feed, prevent 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. They can also affect the performance of these animals. To protect these animals from these negative effects, mycotoxin detoxifiers are used in animal fodder. They are specific for each mycotoxin and are required to be supplemented in animal feed to counter the adverse effects of mycotoxins.

Drivers and Restraints:

The growth of the Latin America Feed Mycotoxin Detoxifiers market is majorly driven by factors such as the rise in global meat consumption, a better understanding of the usage of mycotoxins detoxifiers among farmers, and the danger of diseases in livestock. The competition for raw materials with other industries and the price volatility of agro-commodities also restrain the growth of this market.

LATIN AMERICA FEED MYCOTOXIN DETOXIFIERS MARKET REPORT COVERAGE:

Market Segmentation:

Latin America Feed Mycotoxin Detoxifiers Market - By Type:

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

Latin America Feed Mycotoxin Detoxifiers Market - By Animal:

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

The Market is Geographically divided into:

The Latin America market is one of the fastest-growing markets for the feed Mycotoxin Detoxifiers market. Brazil accounts for the largest market share and is expected to lead the market during the forecast period.  The Latin America 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 Brazil. Hence the need for prevention of contamination of animal feed is paramount.

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