North America Feed Mycotoxin Detoxifiers Market

North America Feed Mycotoxin Detoxifiers Market Size & Growth 2022 - 2027

North America Feed Mycotoxin Detoxifiers Market was worth USD 540 Million in 2021 and estimated to be growing at a CAGR of 3.3%, to reach USD 630 Million by 2026.

The North 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.

Market Drivers

The growth of the North America Feed Mycotoxin Detoxifiers market is majorly driven by factors such as demand for low-cost meat with superior nutritional value, a better understanding of the usage of mycotoxins detoxifiers among farmers, and the ecological impact of the meat and dairy industry. Technology innovations are also playing 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.

NORTH AMERICA FEED MYCOTOXIN DETOXIFIERS MARKET REPORT COVERAGE:

Market Segmentation

North America Feed Mycotoxin Detoxifiers Market - By Type

• Binders

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

North America Feed Mycotoxin Detoxifiers Market - By Animal

• Ruminant
• Poultry
• Wine
• Aquaculture
• Pets
• Horses
• Others

In this category, the poultry segment leads the North America Feed Mycotoxin Detoxifiers market.

The Market is Geographically divided into:

• USA  
• Canada

The USA leads the market in this region. 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, consumer taste predilections. Hence prevention of contamination of animal feed is vital.

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