Global Feed Mycotoxin Detoxifiers Market Overview
According to SPER Market Research, the Global Feed Mycotoxin Detoxifiers Market is estimated to reach USD 3.23 billion by 2032 with a CAGR of 6.33%.
Small secondary metabolites produced by moulds, often known as mycotoxins or mycotoxicosis, can be toxic to both humans and animals. Several mycotoxins are used in growth stimulation, antibiotics, and other forms of drugs because of their pharmacological effects. Mycotoxin's primary drawback is that they are feed contaminants that detoxifiers may be able to get rid of. The three main mycotoxins are aflatoxin, fusarium toxin, and ochratoxin. Detoxifiers can directly or indirectly counteract the effects of mycotoxin and other poisonous chemicals. Furthermore, kaolin, zeolites, and bentonite are included as additives in animal feeds because they protect the stomach and are powerful adsorptive substances for both heavy metals and microorganisms.
Limiting the bioavailability of mycotoxins in livestock feeds by using various mycotoxin adsorbent agents will reduce the number of mycotoxins that the animals consume. Over the forecasted period, it is expected that the market for feed Mycotoxin Detoxifiers would experience rapid growth. The market is anticipated to perform well in the near future due to reduced microbial spoilage in animal feed and its detrimental effects on the inflammatory response, organ damage, and livestock reproduction, increased use of Mycotoxin Detoxifiers in livestock nutritional supplements for better quality, and rising demand for better-quality meat & processed food globally.
Due to their capacity to bind mycotoxins to their surface, which shields animals' intestinal tracts from toxin absorption, binders are predicted to increase at the fastest CAGR among product types throughout the projected period. The need for feed Mycotoxin Detoxifiers is expected to rise in the near future due to a high incidence of aflatoxins in poultry that continue to contaminate feeds and reduce chicken body mass. Over the course of the projection period, the industry for feed Mycotoxin Detoxifiers will be dominated by the poultry animal type.
Impact of COVID-19 on the Global Feed Mycotoxin Detoxifiers Market
The COVID-19 outbreak has had a substantial influence on the market for feed mycotoxin detoxifiers. Due to travel bans and severe lockdown measures brought on by the spread of a fatal virus, the raw material supply has become contaminated, which has further impacted production and the product's supply chain to retailers and end consumers.
Additionally, during the pandemic, the demand for animal goods was decreased because it was thought that COVID might have animal origins, which in turn decreased the demand for detoxifiers. However, because of COVID's detrimental effects on human health, more people are choosing to eat protein-rich foods like dairy, eggs, and meat, which is boosting the market for Mycotoxin Detoxifiers market in the coming years.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Type, By Animal type, By Distribution Channel, By End-User.
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| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
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| Companies Covered | Adisseo France SAS Novozymes A/S, Alltech Bio-Products Co. Ltd., AMLAN International, Archer Daniels Midland Company, Bayer AG, Biomin Holding GmbH, Cenzone Tech Inc. Belgium Impextraco, Chr. Hansen Holding A/S, Evonik Industries AG Nutreco N.V., Kemin Industries Inc., Poortershaven Industrial Minerals BV, Tesgo International BV, Zoetis Inc.
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Global Feed Mycotoxin Detoxifiers Market Segmentation:
1. By Type:
- Bentonite
- Clays
- Enzymes
- Mycotoxin Binders
- Mycotoxin Modifiers
- Yeasts
2. By Animal Type:
- Aquaculture
- Pets
- Poultry
- Rodents
- Ruminant
- Swine
- Others Species (Dogs, Cats, and Horses)
3. By Distribution Channel:
- Direct Selling
- Health & Beauty stores
- Hypermarket/Supermarket
- Online
- Pharmacies/Drugstores
4. By End-User:
- Aquaculture Industry
- Farmers
- Feed Manufacturers
- Home-mixers
- Integrators
5. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global Feed Mycotoxin Detoxifiers Market (FY’2019-FY’2032)
- Overview of Global Feed Mycotoxin Detoxifiers Market
- Segmentation of Global Feed Mycotoxin Detoxifiers Market By Type (Bentonite, Clays, Enzymes, Mycotoxin Binders, Mycotoxin Modifiers, Yeasts, Others)
- Segmentation of Global Feed Mycotoxin Detoxifiers Market By Animal type {Aquaculture, Pets, Poultry, Rodents, Ruminant, Swine, Others Species (Dogs, Cats, and Horses)}
- Segmentation of Global Feed Mycotoxin Detoxifiers Market By Distribution channel (Direct Selling, Health & Beauty stores, Hypermarket/Supermarket, Online, Pharmacies/Drugstores)
- Segmentation of Global Feed Mycotoxin Detoxifiers Market By End-User (Aquaculture Industry, Farmers, Feed Manufacturers, Home-mixers, Integrators)
- Statistical Snap of Global Feed Mycotoxin Detoxifiers Market
- Growth Analysis of Global Feed Mycotoxin Detoxifiers Market
- Problems and Challenges in Global Feed Mycotoxin Detoxifiers Market
- Competitive Landscape in the Global Feed Mycotoxin Detoxifiers Market
- Impact of COVID-19 and Demonetization on Global Feed Mycotoxin Detoxifiers Market
- Details on Recent Investment in Global Feed Mycotoxin Detoxifiers Market
- Competitive Analysis of Global Feed Mycotoxin Detoxifiers Market
- Major Players in the Global Feed Mycotoxin Detoxifiers Market
- SWOT Analysis of Global Feed Mycotoxin Detoxifiers Market
- Global Feed Mycotoxin Detoxifiers Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Feed Mycotoxin Detoxifiers Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Feed Mycotoxin Detoxifiers Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Feed Mycotoxin Detoxifiers Market
7. Global Feed Mycotoxin Detoxifiers Market, By Type, 2019-2032 (USD Million)
7.1. Bentonite
7.2. Clays
7.3. Enzymes
7.4. Mycotoxin Binders
7.5. Mycotoxin Modifiers
7.6. Yeasts
7.7. Others
8. Global Feed Mycotoxin Detoxifiers Market, By Animal Type, 2019-2032 (USD Million)
8.1. Aquaculture
8.2. Pets
8.3. Poultry
8.4. Rodents
8.5. Ruminant
8.6. Swine
8.7. Others Species (Dogs, Cats, and Horses)
9. Global Feed Mycotoxin Detoxifiers Market, By Distribution Channel, 2019-2032 (USD Million)
9.1. Direct Selling
9.2. Health & Beauty stores
9.3. Hypermarket/Supermarket
9.4. Online
9.5. Pharmacies/Drugstores
10. Global Feed Mycotoxin Detoxifiers Market, By End-User, 2019-2032 (USD Million)
10.1. Aquaculture Industry
10.2. Farmers
10.3. Feed Manufacturers
10.4. Home-mixers
10.5. Integrators
11. Global Feed Mycotoxin Detoxifiers Market, By Region, 2019-2032 (USD Million)
11.1. Global Feed Mycotoxin Detoxifiers Market Size and Market Share by Region (2019-2025)
11.2. Global Feed Mycotoxin Detoxifiers Market Size and Market Share by Region (2026-2032)
11.3. Asia-Pacific
11.3.1. Australia
11.3.2. China
11.3.3. India
11.3.4. Japan
11.3.5. South Korea
11.3.6. Rest of Asia-Pacific
11.4. Europe
11.4.1. France
11.4.2. Germany
11.4.3. Italy
11.4.4. Spain
11.4.5. United Kingdom
11.4.6. Rest of Europe
11.5. Middle East and Africa
11.5.1. Kingdom of Saudi Arabia
11.5.2. United Arab Emirates
11.5.3. Rest of Middle East & Africa
11.6. North America
11.6.1. Canada
11.6.2. Mexico
11.6.3. United States
11.7. Latin America
11.7.1. Argentina
11.7.2. Brazil
11.7.3. Rest of Latin America
12. Company Profiles
12.1. Adisseo France SAS Novozymes A/S
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. Alltech Bio-Products Co. Ltd.
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. AMLAN International
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. Archer Daniels Midland Company
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. Bayer AG
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. Biomin Holding GmbH
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. Cenzone Tech Inc.
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. Chr. Hansen Holding A/S
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. Evonik Industries AG Nutreco N.V.
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. Kemin Industries Inc.
12.10.1. Company details
12.10.2. Financial outlook
12.10.3. Product summary
12.10.4. Recent developments
12.11. Poortershaven Industrial Minerals BV
12.11.1. Company details
12.11.2. Financial outlook
12.11.3. Product summary
12.11.4. Recent developments
12.12. Tesgo International BV
12.12.1. Company details
12.12.2. Financial outlook
12.12.3. Product summary
12.12.4. Recent developments
12.13. Zoetis Inc.
12.13.1. Company details
12.13.2. Financial outlook
12.13.3. Product summary
12.13.4. Recent developments
13. List of Abbreviations
14. Reference Links
15. Conclusion
16. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
