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Feed Mycotoxin Detoxifiers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 143 Pages
  • March 2023
  • Region: Global
  • IMARC Group
  • ID: 5742883

Quick Summary:

In an ever-demanding global marketplace, the Feed Mycotoxin Detoxifiers market has emerged as a vital sector, driven by increasing concerns over animal health and food safety. Feed mycotoxin detoxifiers serve an indispensable role in animal rearing, acting as bio-transforming agents that convert harmful toxins into less toxic by-products. Their application significantly improves livestock's health, promoting robust growth and protecting them against a myriad of diseases.

Moreover, increased incidence of mycotoxin in key feed crops such as maize, due to unfavorable climatic conditions, underscores the pivotal role of feed mycotoxin detoxifiers. The growing consumption of animal-based products, coupled with the expansion of the compound feed industry, creates a significant market for these detoxifiers. The rising focus on offering high-quality, nutritious animal feeds, which complements the growth in the livestock population, is a significant catalyst driving the market forward. The robust growth in the market is also attributed to the enhancement of animal husbandry practices and burgeoning investments made in the R&D to introduce novel, nutritious feed additives.

The global feed mycotoxin detoxifiers market size reached US$ 2.3 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 3.8 Billion by 2028, exhibiting a CAGR of 8.73% during 2022-2028.

Feed mycotoxin detoxifiers refer to various additives that are added to animal feed to convert the toxins into less toxic products. They act as bio-transforming agents to prevent the contamination of feed by mycotoxins that can negatively impact animal health, leading to problems related to reproduction, performance, or organ damage, such as liver and kidney. In recent years, feed mycotoxin detoxifiers have gained traction among farmers as they help protect animals against numerous diseases and promote proper growth in livestock.

Feed Mycotoxin Detoxifiers Market Trends:

The expanding compound feed industry and the rising consumption of animal-based products, such as dairy, eggs and meat, represent the primary factors driving the market growth. Additionally, there has been a significant increase in the prevalence of mycotoxins in animal feed crops like maize due to unfavorable weather conditions. This, in confluence with the growing awareness regarding the benefits of feed mycotoxin detoxifiers among the farmers, is augmenting the product demand. Besides this, the escalating consumer demand for high-quality food and the shifting focus toward animal health are accelerating the adoption of mycotoxin detoxifiers in animal fodder. Moreover, the implementation of advanced animal husbandry practices to enhance meat quality and the rising livestock population are propelling the market growth. Furthermore, the leading manufacturers are making heavy investments in research and development (R&D) activities to introduce nutritious feed additives and expand their product portfolio. Other factors, including the growing concerns regarding food safety, easy availability of raw materials, inflating consumer disposable incomes, and favorable government initiatives, are also creating a positive market outlook.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global feed mycotoxin detoxifiers market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, animal type and end user.

Breakup by Type:

  • Binders
  • Bentonite
  • Clay
  • Others
  • Bio-Transformers
  • Enzymes
  • Yeasts
  • Others

Breakup by Animal Type:

  • Ruminant
  • Poultry
  • Swine
  • Others

Breakup by End User:

  • Aquaculture
  • Feed Manufacturers
  • Farmers
  • Home-Mixers
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Adiveter S L, Alltech Inc., Amino Pharma, Amlan International, Bluestar Adisseo Company, Cenzone Tech Inc., Impextraco N.V., Kemin Industries Inc., Koninklijke DSM N.V., Nutrex, Olmix Group, Perstorp Holding AB and Special Nutrients.

Key Questions Answered in This Report:

  • How has the global feed mycotoxin detoxifiers market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global feed mycotoxin detoxifiers market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the animal type?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global feed mycotoxin detoxifiers market and who are the key players?
  • What is the degree of competition in the industry?
Frequently Asked Questions about the Global Feed Mycotoxin Detoxifiers Market

What is the estimated value of the Global Feed Mycotoxin Detoxifiers Market?

The Global Feed Mycotoxin Detoxifiers Market was estimated to be valued at $2.3 Billion in 2022.

What is the growth rate of the Global Feed Mycotoxin Detoxifiers Market?

The growth rate of the Global Feed Mycotoxin Detoxifiers Market is 8.7%, with an estimated value of $3.8 Billion by 2028.

What is the forecasted size of the Global Feed Mycotoxin Detoxifiers Market?

The Global Feed Mycotoxin Detoxifiers Market is estimated to be worth $3.8 Billion by 2028.

Who are the key companies in the Global Feed Mycotoxin Detoxifiers Market?

Key companies in the Global Feed Mycotoxin Detoxifiers Market include Adiveter S L, Alltech Inc., Amino Pharma, Amlan International, Bluestar Adisseo Company, Cenzone Tech Inc., Impextraco N.V., Kemin Industries Inc., Koninklijke DSM N.V. and Nutrex.

Table of Contents

1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Feed Mycotoxin Detoxifiers Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Type
6.1 Binders
6.1.1 Market Trends
6.1.2 Key Segments
6.1.2.1 Bentonite
6.1.2.2 Clay
6.1.2.3 Others
6.1.3 Market Forecast
6.2 Bio-Transformers
6.2.1 Market Trends
6.2.2 Key Segments
6.2.2.1 Enzymes
6.2.2.2 Yeasts
6.2.2.3 Others
6.2.3 Market Forecast

7 Market Breakup by Animal Type
7.1 Ruminant
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Poultry
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Swine
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast

8 Market Breakup by End User
8.1 Aquaculture
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Feed Manufacturers
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Farmers
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Home-Mixers
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast

9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast

10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Adiveter S L
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Alltech Inc.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 SWOT Analysis
14.3.3 Amino Pharma
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Amlan International
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Bluestar Adisseo Company
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Cenzone Tech Inc.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.7 Impextraco N.V.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Kemin Industries Inc.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Koninklijke DSM N.V.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Nutrex
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 Olmix Group
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 Perstorp Holding AB
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.13 Special Nutrients
14.3.13.1 Company Overview
14.3.13.2 Product Portfolio
14.3.13.3 SWOT Analysis

List of Figures
Figure 1: Global: Feed Mycotoxin Detoxifiers Market: Major Drivers and Challenges
Figure 2: Global: Feed Mycotoxin Detoxifiers Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Feed Mycotoxin Detoxifiers Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Feed Mycotoxin Detoxifiers Market: Breakup by Type (in %), 2022
Figure 5: Global: Feed Mycotoxin Detoxifiers Market: Breakup by Animal Type (in %), 2022
Figure 6: Global: Feed Mycotoxin Detoxifiers Market: Breakup by End User (in %), 2022
Figure 7: Global: Feed Mycotoxin Detoxifiers Market: Breakup by Region (in %), 2022
Figure 8: Global: Feed Mycotoxin Detoxifiers (Binders) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Feed Mycotoxin Detoxifiers (Binders) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Feed Mycotoxin Detoxifiers (Bio-Transformers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Feed Mycotoxin Detoxifiers (Bio-Transformers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Feed Mycotoxin Detoxifiers (Ruminant) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Feed Mycotoxin Detoxifiers (Ruminant) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Feed Mycotoxin Detoxifiers (Poultry) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Feed Mycotoxin Detoxifiers (Poultry) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Feed Mycotoxin Detoxifiers (Swine) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Feed Mycotoxin Detoxifiers (Swine) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Feed Mycotoxin Detoxifiers (Other Animal Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Feed Mycotoxin Detoxifiers (Other Animal Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Feed Mycotoxin Detoxifiers (Aquaculture) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Feed Mycotoxin Detoxifiers (Aquaculture) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Feed Mycotoxin Detoxifiers (Feed Manufacturers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Feed Mycotoxin Detoxifiers (Feed Manufacturers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Feed Mycotoxin Detoxifiers (Farmers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Feed Mycotoxin Detoxifiers (Farmers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Feed Mycotoxin Detoxifiers (Home-Mixers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Feed Mycotoxin Detoxifiers (Home-Mixers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Feed Mycotoxin Detoxifiers (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Feed Mycotoxin Detoxifiers (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: North America: Feed Mycotoxin Detoxifiers Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: North America: Feed Mycotoxin Detoxifiers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: United States: Feed Mycotoxin Detoxifiers Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: United States: Feed Mycotoxin Detoxifiers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Canada: Feed Mycotoxin Detoxifiers Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Canada: Feed Mycotoxin Detoxifiers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Asia-Pacific: Feed Mycotoxin Detoxifiers Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Asia-Pacific: Feed Mycotoxin Detoxifiers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: China: Feed Mycotoxin Detoxifiers Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: China: Feed Mycotoxin Detoxifiers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Japan: Feed Mycotoxin Detoxifiers Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Japan: Feed Mycotoxin Detoxifiers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: India: Feed Mycotoxin Detoxifiers Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: India: Feed Mycotoxin Detoxifiers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: South Korea: Feed Mycotoxin Detoxifiers Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: South Korea: Feed Mycotoxin Detoxifiers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Australia: Feed Mycotoxin Detoxifiers Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Australia: Feed Mycotoxin Detoxifiers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Indonesia: Feed Mycotoxin Detoxifiers Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Indonesia: Feed Mycotoxin Detoxifiers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Others: Feed Mycotoxin Detoxifiers Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Others: Feed Mycotoxin Detoxifiers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Europe: Feed Mycotoxin Detoxifiers Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Europe: Feed Mycotoxin Detoxifiers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Germany: Feed Mycotoxin Detoxifiers Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Germany: Feed Mycotoxin Detoxifiers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: France: Feed Mycotoxin Detoxifiers Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: France: Feed Mycotoxin Detoxifiers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: United Kingdom: Feed Mycotoxin Detoxifiers Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: United Kingdom: Feed Mycotoxin Detoxifiers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Italy: Feed Mycotoxin Detoxifiers Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Italy: Feed Mycotoxin Detoxifiers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Spain: Feed Mycotoxin Detoxifiers Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Spain: Feed Mycotoxin Detoxifiers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Russia: Feed Mycotoxin Detoxifiers Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Russia: Feed Mycotoxin Detoxifiers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Others: Feed Mycotoxin Detoxifiers Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Others: Feed Mycotoxin Detoxifiers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Latin America: Feed Mycotoxin Detoxifiers Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Latin America: Feed Mycotoxin Detoxifiers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Brazil: Feed Mycotoxin Detoxifiers Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Brazil: Feed Mycotoxin Detoxifiers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Mexico: Feed Mycotoxin Detoxifiers Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Mexico: Feed Mycotoxin Detoxifiers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Others: Feed Mycotoxin Detoxifiers Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Others: Feed Mycotoxin Detoxifiers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Middle East and Africa: Feed Mycotoxin Detoxifiers Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Middle East and Africa: Feed Mycotoxin Detoxifiers Market: Breakup by Country (in %), 2022
Figure 78: Middle East and Africa: Feed Mycotoxin Detoxifiers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Global: Feed Mycotoxin Detoxifiers Industry: SWOT Analysis
Figure 80: Global: Feed Mycotoxin Detoxifiers Industry: Value Chain Analysis
Figure 81: Global: Feed Mycotoxin Detoxifiers Industry: Porter's Five Forces Analysis

List of Tables
Table 1: Global: Feed Mycotoxin Detoxifiers Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Feed Mycotoxin Detoxifiers Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Feed Mycotoxin Detoxifiers Market Forecast: Breakup by Animal Type (in Million US$), 2023-2028
Table 4: Global: Feed Mycotoxin Detoxifiers Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 5: Global: Feed Mycotoxin Detoxifiers Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Feed Mycotoxin Detoxifiers Market: Competitive Structure
Table 7: Global: Feed Mycotoxin Detoxifiers Market: Key Players

Companies Mentioned

  • Adiveter S L
  • Alltech Inc.
  • Amino Pharma
  • Amlan International
  • Bluestar Adisseo Company
  • Cenzone Tech Inc.
  • Impextraco N.V.
  • Kemin Industries Inc.
  • Koninklijke DSM N.V.
  • Nutrex
  • Olmix Group
  • Perstorp Holding AB
  • Special Nutrients.

Methodology

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