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Europe Mycotoxin Detoxifiers Market - Growth, Trends, and Forecast (2020 - 2025)

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  • 80 Pages
  • June 2020
  • Region: Europe
  • Mordor Intelligence
  • ID: 5119206
UP TO OFF until Sep 30th 2023
The Europe Mycotoxin Detoxifier Market is estimated to register a CAGR of 3.3% during the forecast period (2020-2025). 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 to a greater susceptibility to infectious diseases in animals. Thus, increased awareness among the farmers about the benefits of mycotoxin detoxifiers is a major factor augmenting the growth of the market studied. The market growth can also be attributed to the expansion of the animal meat market in Europe and the subsequent expansion of the feed additive industry.

Key Market Trends

Increasing Meat Consumption is Driving the Market

The growth in the mycotoxin detoxifiers market is primarily because of the expansion of the animal meat market in Europe. According to the European Commission's EU Agricultural Outlook of 2018, per capita, meat consumption has increased from 68.4 kg in 2017 to 69.3 kg in 2018. Europe has a high percentage of people that consume meat as an essential part of their diet. Rising disposable income and increased quality meat production is encouraging the market for standard meat and other animal proteins. This is in turn driving the market for mycotoxin detoxifiers in the region.

Binders Dominate the Market

Mycotoxin binders or adsorbents are substances that bind to mycotoxins and prevent absorption through the gut. The most commonly used mycotoxin binders in the region are aluminosilicate binders, which include clays, bentonites, zeolites, and hydrated sodium calcium aluminosilicate (HSCAS). The aluminosilicate binders are natural, inorganic mycotoxin binders containing a porous structure made of silica that is able to absorb and trap mycotoxins. Bio-transformers are new in the market and are used less as compared to binders because of certain drawbacks. For instance, if some of the intermediate compounds that are formed in this biotransformation remain as residues can be as much or more toxic than the original mycotoxin. Hence, binders are more popular among growers and this trend is likely to continue during the forecast period unless a better alternative is launched in the market.

Competitive Landscape

The Europe mycotoxin detoxifiers market is a significantly concentrated market with few major players including Kemin, Alltech Inc., Nutrex N.V. and Addiseo. The major strategies adopted by them are acquisitions, mergers, increasing the capacity of the plants, and investing in R&D. Demand for highly efficient additives is expected to make the market more competitive and effectively dynamic during the forecast period.

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Table of Contents

1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.4 Market Restraints
4.5 Industry attractiveness- Porter's Five Force Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
5.1 Type
5.1.1 Binders Bentonite Clay Others
5.1.2 Bio-Transformers Enzymes Yeasts Other Bio-Transformers
5.2 Animal Type
5.2.1 Ruminant
5.2.2 Poultry
5.2.3 Swine
5.2.4 Other Animal Types
5.3 Geography
5.3.1 Spain
5.3.2 United Kingdom
5.3.3 Germany
5.3.4 France
5.3.5 Italy
5.3.6 Russia
5.3.7 Rest of Europe
6.1 Most Adopted Competitor Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Alltech Inc.
6.3.2 Nutrex N.V.
6.3.3 Kemin Industries Inc.
6.3.4 Adisseo (Nutriad)
6.3.5 Norel Animal Nutrition
6.3.6 Impextraco N.V.
6.3.7 Perstorp Performance Additives
6.3.8 Olmix Group
6.3.9 Micron Bio-systems

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Alltech Inc.
  • Nutrex N.V.
  • Kemin Industries Inc.
  • Adisseo (Nutriad)
  • Norel Animal Nutrition
  • Impextraco N.V.
  • Perstorp Performance Additives
  • Olmix Group
  • Micron Bio-systems