Feed Mycotoxin Detoxifiers Market Size, Competitive Landscape and Market Forecast - 2029

Global Feed Additives Market is segmented By Additive (Binders, Bio-Transformers), By End-user (Ruminant, Swine, Poultry, Aquaculture, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

The Global Feed Mycotoxin Detoxifiers Market Market is expected to grow at a CAGR of 3.6% during the forecast period 2022-2029.

What is causing this market to grow at such a rapid pace?

Feed mycotoxin detoxifiers market is growing under several factors stated below.

• Increasing awareness towards animal health,
• Enhancing the quality of animal feeds,
• Rising demand for hygiene & animal products safety,
• Continuous feed safety issues due to the presence of mycotoxin,
• The rise in focus on decontamination of livestock feeds, and advanced enzymatic deactivation technology,
• Growing awareness among farmers for the benefits of mycotoxin detoxifiers as feed additives in livestock production, and
• Expanding livestock industry worldwide.

What is holding back the market from growing at the highest pace possible?

With the use of inorganic absorbents, the environment has a harmful effect on it. This is one of the main reasons why the global feed mycotoxin market is not performing at its best level. Few other predicaments to the growth of this market include

• Requirement for precise inactivators for each mycotoxin,
• Limited techniques to analyze the prevalence of mycotoxin & eliminate them safely among producers

However, the recent technological advancements are encouraging news as they have been able to overcome these shortcomings.

How is global meat consumption trending in the recent past?

Global meat production and consumption are continuously increasing due to the growing demand for high-value animal proteins. This has put the livestock sector under much pressure. The global livestock sector is growing substantially. The factors that are fuelling this enormous surge include the combination of population growth, the rise in incomes, and urbanization.

There is a direct relationship between income level and animal protein consumption. This is because the consumption of milk, meat, and eggs increase at the expense of staple foods. With the diets becoming richer and more diverse, the livestock sector offers high-value proteins that improve the nutrition of the majority of the world. Apart from providing high-value proteins, livestock products also are important sources of a varied range of essential micronutrients, specific minerals like iron & zinc, and vitamins like vitamin A.

What about the segmentation of the global feed mycotoxins market?

The Animal feed mycotoxin detoxifiers market is segmented based on a variety of criteria. Below are the categories based on the criteria.

Based on a type of Additives

• Binders (Bentonite, Clays, Others),
• Bio-Transformers (Enzymes, Yeasts) and
• Others

Based on Livestock,

• Ruminant, Swine,
• Poultry,
• Aquaculture, and
• Others

Based on Geography,

• North America,
• South America,
• Europe,
• Asia Pacific and
• RoW

What is covered in this report?

The report covers the factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles.

The report profiles the following companies, which includes Alltech Bio-products Co., Ltd., AMLAN International, Belgium Impextraco, Biomin Feed Additive (Shanghai) Co., Ltd., Kemin Industries, Inc., Micron Bio-systems, NOREL Animal Nutrition, NutriAd, Olmix Group, Perstorp Performance Additives, Pfizer Animal Health (Zoetis), Prince Agri and Special Nutrients.

Why should I buy this report?

You should buy this report because it helps you do the following

• Visualize the composition of the Feed Mycotoxin Detoxifiers in the market across each indication, in terms of type and applications. Highlighting the key commercial assets and players.
• Identify commercial opportunities in Feed Mycotoxin Detoxifiers by analyzing trends and co-development deals.
• This is the most comprehensive study on Feed Mycotoxin Detoxifiers to date.
• Excel data sheet with thousands of data points of the Feed Mycotoxin Detoxifiers market-level 4/5 segmentation
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
• Product mapping in excel for the key Feed Mycotoxin Detoxifiers products of all major market players.

Is this the right report for me?

Yes, if you are one of the following or related to them

• Raw Material Suppliers/ Buyers
• Product Suppliers/ Buyers
• Industry Investors/Investment Bankers
• Education & Research Institutes
• Research Professionals
• Emerging Companies
• Manufacturers

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