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Report Scope & Overview:

Feed Mycotoxin Detoxifiers Market Size was valued at USD 2.48 billion in 2022, and is expected to reach USD 3.29 billion by 2030, and grow at a CAGR of 3.6% over the forecast period 2023-2030.

Mycotoxin Detoxification is the process of minimising an animal's exposure to recognised mycotoxins, hence lowering their toxicity. Compounds or mixtures of substances are integrated into a feed matrix. These chemicals may work to change the way that mycotoxins work by changing their mode of action, increasing excretion, decreasing bioavailability, or decreasing gastrointestinal absorption. They may also affect how well these animals perform. Animal feed contains mycotoxin detoxifiers to shield the animals from these side effects. To mitigate the harmful effects of mycotoxins, they must be given to animal feed and are particular to each type of mycotoxin.

Feed Mycotoxin Detoxifiers Market Revenue Analysis

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Market Dynamics:

Drivers:

  • Increased mycotoxin exposure rates in cattle

Restraints:

  • Existence of possible replacements

Opportunity:

  • Increasing demand from the aquafeed and poultry industries

Challenge:

  • Mycotoxin detoxifiers' effects

Impact of COVID-19:

Due to disturbances in the worldwide supply chain, COVID-19 has had a detrimental effect on the manufacture of all chemicals, especially Feed Mycotoxin Detoxifiers. This is as a result of the travel bans and worldwide lockdown put in place to stop the coronavirus from spreading. The production of feed mycotoxin detoxifiers has been constrained as a result of the pandemic's effects on the animal feed industry. As a result of their widespread use in a range of animals, including livestock, horses, companion animals, and others, feed mycotoxin detoxifiers have a direct bearing on the expansion of the market for them.

Additionally, it was very difficult to obtain raw materials because COVID-19's outbreak drove the bulk of raw material vendors in the market to shut down. Global consumption has decreased as a result of the closure of several raw material producers and manufacturers of feed mycotoxin detoxifiers. Numerous businesses have stopped production at various facilities around the globe due to the current situation. Some huge businesses that are still in business only function at 40–60% efficiency. However, in compliance with governmental laws, these enterprises have started up again. Additionally, it is anticipated that some relief would come through the implementation of various fiscal and monetary measures by administrations and governments around the world to reduce the harm brought on by COVID-19.

Market Segmentation:

By Type

  • Poultry

  • Ruminant

  • Swine

  • Pets

  • Aquaculture

  • Rodents

  • Others Species ( Dogs, Cats, and Horses)

By Product Type

  • Mycotoxin Binders

  • Clays

  • Bentonite

  • Mycotoxin Modifiers

  • Yeasts

  • Enzymes

  • Others

By User:

  • Aquaculture Industry

  • Integrators

  • Feed Manufacturers

  • Farmers

  • Home-mixers

Feed Mycotoxin Detoxifiers Market Segmentation Analysis

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Regional Analysis:

North America had the greatest market share and is anticipated to expand significantly. In order to limit, avoid, and eventually eliminate the growth and presence of mycotoxin contaminants in the food chain, strict quality laws, increased consumer demand for safe and high-quality livestock-based goods, and food safety awareness are to blame. Additionally, issues including the region's unfavourable climate and increased agricultural contamination from mycotoxins are pushing demand. The second-largest market share in the global market was held by Europe. This is mostly because raw resources are readily available, there are strict rules, and there is a significant demand for crop and livestock productivity.

On the other hand, throughout the projected period, Asia-Pacific is expected to have the quickest growth in the global market. This is a result of rising meat consumption and local meat production, rising food safety awareness, rising per capita expenditures on meat-related goods, and developing industrialisation of the animal sector in these areas. Due to a consistent supply of raw resources, the Middle East and Africa are anticipated to have profitable growth. because of increased output of both crops and cattle. Due to the increased need for supplements in livestock and the growing consumption of meat and meat products, the Latin American market is also anticipated to offer substantial growth possibilities throughout the forecast period.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Key Players:

Impextraco, Bayer, ADM, Cargill, BASF, Perstorp, Kemin, Biomin, Norel, Nutreco, Adisseo, Chr. Hansen, Global Nutritech, Alltech, Novus International, and Other Players.

Cargill-Company Financial Analysis

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Feed Mycotoxin Detoxifiers Market Report Scope:
Report Attributes Details
Market Size in 2022 US$ 2.48 Billion
Market Size by 2030 US$ 3.29  Billion
CAGR CAGR of 3.6% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By type (Poultry, Ruminant, Swine, Pets, Aquaculture, Rodents, Others Species ( Dogs, Cats, and Horses))
• By product type (Mycotoxin Binders, Clays, Bentonite, Others, Mycotoxin Modifiers, Yeasts, Enzymes)
• By user (Aquaculture Industry, Integrators, Feed Manufacturers, Farmers, Home-mixers)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Impextraco, Bayer, ADM, Cargill, BASF, Perstorp, Kemin, Biomin, Norel, Nutreco, Adisseo, Chr. Hansen, Global Nutritech, Alltech, Novus International, and Other Players.
DRIVERS • Increased mycotoxin exposure rates in cattle
Restraints • Existence of possible replacements

Frequently Asked Questions

Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.

Ans: Due to disturbances in the worldwide supply chain, COVID-19 has had a detrimental effect on the manufacture of all chemicals, especially Feed Mycotoxin Detoxifiers. This is as a result of the travel bans and worldwide lockdown put in place to stop the coronavirus from spreading. The production of feed mycotoxin detoxifiers has been constrained as a result of the pandemic's effects on the animal feed industry. As a result of their widespread use in a range of animals, including livestock, horses, companion animals, and others, feed mycotoxin detoxifiers have a direct bearing on the expansion of the market for them.

Ans:  Mycotoxin detoxifiers' effects are the challenges faced by the Feed Mycotoxin Detoxifiers Market.

Ans:  Existence of possible replacements are the restraints for Feed Mycotoxin Detoxifiers Market.

Ans: Feed Mycotoxin Detoxifiers Market Size was valued at USD 2.4 billion in 2021, and expected to reach USD 3.18  billion by 2028, and grow at a CAGR of  3.6% over the forecast period 2022-2028.

 

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

8.Feed Mycotoxin Detoxifiers Market Segment, By type

8.1 Poultry

8.2 Ruminant

8.3 Swine

8.4 Pets

8.5 Aquaculture

8.6 Rodents

8.7 Others Species ( Dogs, Cats, and Horses)

9.Feed Mycotoxin Detoxifiers Market Segment, By product type

9.1 Mycotoxin Binders

9.2 Clays

9.3 Bentonite

9.4 Others

9.5 Mycotoxin Modifiers

9.6 Yeasts

9.7 Enzymes

10.Feed Mycotoxin Detoxifiers Market Segment, By user

10.1 Aquaculture Industry

10.2 Integrators

10.3 Feed Manufacturers

10.4 Farmers

10.5 Home-mixers

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

12. Company Profile

12.1 Impextraco,

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Bayer

12.3 ADM

12.4 Cargill

12.5 BASF

12.6 Perstorp

12.7 Kemin

12.8 Biomin

12.9 Norel

12.10 Nutreco

12.11 Adisseo

12.12 Chr. Hansen

12.13 Global Nutritech

12.14 Alltech

12.15 Novus International

13.Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments

14. Conclusion

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Secondary Research

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Primary Research

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Data Bank Validation

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