Feed Mycotoxin Detoxifiers Market - Trends, Dynamics and Forecasts (2019 - 2024)

The Feed Mycotoxin Detoxifiers Market is segmented by Type into Binders and Bio transformers, by Animal Type into Ruminant, Poultry, Swine, and others, and by geography into North America, Europe, Asia Pacific, South America, and the Middle East and Africa. A geographical market analysis covering the top 16 countries across the world has also been included.

Market Snapshot

Global Feed Mycotoxin Detoxifiers Market_Graph1
Study Period:

2015-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

Europe

Key Players:

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Market Overview

The Global Feed Mycotoxin Detoxifiers Market was valued at USD 2184.35 Million in 2018 and is expected to register a CAGR of 3.38% during the forecast period (2019-2024). In 2017, Europe was the largest geographical segment of the market studied and accounted for a share of around 43.2% of the market.

The market growth can be mainly attributed to the expansion of the animal meat market and the subsequent expansion of the compound feed industry. Increased awareness among the farmers about the benefits of mycotoxin detoxifiers is another factor augmenting the growth of the market studied.

Scope of the Report

Mycotoxin detoxifiers, when used in animal feed, prevent the contamination of feed by mycotoxins, which are a collective group of natural chemicals (toxic secondary metabolite) produced by certain molds. The presence of various mycotoxins contaminate the animal feed and negatively affect the health of animals. The adverse 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 adverse effects, mycotoxin detoxifiers are used in animal fodder. They are unique for each mycotoxin and are required to be supplemented in animal feed to counter the harmful effects of mycotoxins.

Type
Binders
Bentonite
Clays
Other Binders
Bio-Transformers
Enzymes
Yeasts
Other Bio-Transformers
Animal Type
Ruminant
Poultry
Swine
Other Animal Types
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Spain
United Kingdom
Germany
France
Italy
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia
Thailand
Rest of Asia Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
Saudi Arabia
South Africa
Egypt
Rest of Middle East and Africa

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Key Market Trends

Expansion of animal meat market

The growth in the Global Mycotoxin Detoxifiers market is primarily because of expansion of animal meat market. According to United States Department of Agriculture, The consumption of animal meat have shown a consistent growth from 2015. In 2018, animal meat consumption have witnessed highest of 266,359 thousand metric tons which was 258,513 thousand metric tons in 2015. Increased global meat consumption and rise in health concerns in livestock have made the market to consume higher quantity of Mycotoxin Detoxifiers

Global Feed Mycotoxin Detoxifiers Market_Graph2

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Europe dominates the Global Market

Europe is the largest segment of the feed mycotoxin detoxifiers market  and is expected to record a robust growth rate. Owing to the ready availability of raw materials and high effectiveness. Asia Pacific holds huge potential and shows substantial growth in terms of rising meat consumption along with production of local meat, increasing demand for quality food, growing awareness towards food safety, increasing per capita spending on meat related products, and expanding industrialization of animal industry in these regions.

Global Feed Mycotoxin Detoxifiers Market_Graph3

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Competitive Landscape

The feed mycotoxin detoxifiers market is consolidated. The major players in the market hold a sizeable market share of the total market. Global presence of companies and lack of local companies have made the major players to have a lion share in the market. The minor players shares less than half of the total feed mycotoxin detoxifiers market.

Major Players

  1. Alltech Bio-products Co., Ltd.
  2. AMLAN International
  3. Special Nutrients
  4. Belgium Impextraco
  5. Biomin Holding GmbH

* Complete list of players covered available in the table of contents below

Global Feed Mycotoxin Detoxifiers Market_Graph4

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Drivers and Restraints

    3. 4.3 Market Drivers

    4. 4.4 Market Restraints

    5. 4.5 Industry attractiveness- Porter's Five Force Analysis

      1. 4.5.1 Bargaining Power of Suppliers

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Threat of New Entrants

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Binders

        1. 5.1.1.1 Bentonite

        2. 5.1.1.2 Clays

        3. 5.1.1.3 Other Binders

      2. 5.1.2 Bio-Transformers

        1. 5.1.2.1 Enzymes

        2. 5.1.2.2 Yeasts

        3. 5.1.2.3 Other Bio-Transformers

    2. 5.2 Animal Type

      1. 5.2.1 Ruminant

      2. 5.2.2 Poultry

      3. 5.2.3 Swine

      4. 5.2.4 Other Animal Types

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Spain

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 Germany

        4. 5.3.2.4 France

        5. 5.3.2.5 Italy

        6. 5.3.2.6 Russia

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 India

        3. 5.3.3.3 Japan

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Thailand

        6. 5.3.3.6 Rest of Asia Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Egypt

        4. 5.3.5.4 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Competitor Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Alltech Bio-products Co., Ltd.

      2. 6.3.2 AMLAN International

      3. 6.3.3 Belgium Impextraco

      4. 6.3.4 Biomin Feed Additive (Shanghai) Co., Ltd.

      5. 6.3.5 Prince Agri

      6. 6.3.6 Kemin Industries, Inc.

      7. 6.3.7 Perstorp Performance Additives

      8. 6.3.8 Pfizer Animal Health (Zoetis)

      9. 6.3.9 Special Nutrients, Inc.

      10. 6.3.10 NutriAd

      11. 6.3.11 NOREL Animal Nutrition

      12. 6.3.12 Olmix Group

      13. 6.3.13 Micron Bio-systems

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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