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

The European Feed Mycotoxin Detoxifier Market is segmented by type into Binders and Bio transformers, by animal type into Ruminant, Poultry, Swine, and others, and by geography into Spain, United kingdom, Germany, France, Italy, Russia and Rest of Europe.

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

CAGR:

3.3 %

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Market Overview

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.

Scope of the report

Mycotoxin detoxifiers, when used in animal feed, prevent the contamination of feed by mycotoxins, which are a collective group of natural chemicals (toxic secondary metabolite) produced by certain molds. To protect animals from these adverse effects, mycotoxin detoxifiers are used in animal fodder. In this report, the market is segmented by type, by animal type and by geography.

Type
Binders
Bentonite
Clay
Others
Bio-Transformers
Enzymes
Yeasts
Other Bio-Transformers
Animal Type
Ruminant
Poultry
Swine
Other Animal Types
Geography
Spain
United Kingdom
Germany
France
Italy
Russia
Rest of Europe

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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.

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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.

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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. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Drivers and Restraints

    3. 4.3 Market Drivers

    4. 4.4 Market Restraints

    5. 4.5 Industry attractiveness- Porter's Five Force Analysis

      1. 4.5.1 Bargaining Power of Suppliers

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Threat of New Entrants

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Binders

        1. 5.1.1.1 Bentonite

        2. 5.1.1.2 Clay

        3. 5.1.1.3 Others

      2. 5.1.2 Bio-Transformers

        1. 5.1.2.1 Enzymes

        2. 5.1.2.2 Yeasts

        3. 5.1.2.3 Other Bio-Transformers

    2. 5.2 Animal Type

      1. 5.2.1 Ruminant

      2. 5.2.2 Poultry

      3. 5.2.3 Swine

      4. 5.2.4 Other Animal Types

    3. 5.3 Geography

      1. 5.3.1 Spain

      2. 5.3.2 United Kingdom

      3. 5.3.3 Germany

      4. 5.3.4 France

      5. 5.3.5 Italy

      6. 5.3.6 Russia

      7. 5.3.7 Rest of Europe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Competitor Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Alltech Inc.

      2. 6.3.2 Nutrex N.V.

      3. 6.3.3 Kemin Industries Inc.

      4. 6.3.4 Adisseo (Nutriad)

      5. 6.3.5 Norel Animal Nutrition

      6. 6.3.6 Impextraco N.V.

      7. 6.3.7 Perstorp Performance Additives

      8. 6.3.8 Olmix Group

      9. 6.3.9 Micron Bio-systems

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. IMPACT OF COVID-19

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