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The Feed Mycotoxin Detoxifiers Market is segmented by Type into Binders and Bio transformers, by Animal Type into Ruminant, Poultry, Swine, and others, and by geography into North America, Europe, Asia Pacific, South America, and the Middle East and Africa. A geographical market analysis covering the top 16 countries across the world has also been included.
Fastest Growing Market:
The Global Feed Mycotoxin Detoxifiers Market was valued at USD 2.184.35 Million in 2018 and is expected to register a CAGR of 3.4% during the forecast period. In 2018, Europe was the largest geographical segment of the market studied and accounted for a share of around 43.2% of the market.
The market growth can be mainly attributed to the expansion of the animal meat market and the subsequent expansion of the compound feed industry. Increased awareness among the farmers about the benefits of mycotoxin detoxifiers is another factor augmenting the growth of the market studied.
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. 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 (liver/kidney) to a greater susceptibility to infectious diseases in animals. They can also affect the performance of these animals. To protect these animals from these adverse effects, mycotoxin detoxifiers are used in animal fodder. They are unique for each mycotoxin and are required to be supplemented in animal feed to counter the harmful effects of mycotoxins.
|Other Animal Types|
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The growth in the Global Mycotoxin Detoxifiers market is primarily because of the expansion of the animal meat market. According to the United States Department of Agriculture, the consumption of animal meat has shown consistent growth from 2016. In 2018, animal meat consumption has witnessed highest of 266,359 thousand metric tons which were 258,513 thousand metric tons in 2015. Increased global meat consumption and rise in health concerns in livestock have made the market to consume a higher quantity of Mycotoxin Detoxifiers
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Europe is the largest segment of the feed mycotoxin detoxifiers market and is expected to record a robust growth rate. Owing to the ready availability of raw materials and high effectiveness. Asia Pacific holds huge potential and shows substantial growth in terms of rising meat consumption along with production of local meat, increasing demand for quality food, growing awareness towards food safety, increasing per capita spending on meat related products, and expanding industrialization of animal industry in these regions.
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The feed mycotoxin detoxifiers market is consolidated. Major players in the market hold a sizeable market share of the total market. The global presence of companies and lack of local companies in few of the countries have made the major players have a lion share in the market. The minor players share less than half of the total feed mycotoxin detoxifiers market.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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. MARKET SEGMENTATION
126.96.36.199 Other Bio-Transformers
5.2 Animal Type
5.2.4 Other Animal Types
5.3.1 North America
188.8.131.52 United States
184.108.40.206 Rest of North America
220.127.116.11 United Kingdom
18.104.22.168 Rest of Europe
5.3.3 Asia Pacific
22.214.171.124 Rest of Asia Pacific
5.3.4 South America
126.96.36.199 Rest of South America
5.3.5 Middle East and Africa
188.8.131.52 Saudi Arabia
184.108.40.206 South Africa
220.127.116.11 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Competitor Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Alltech Bio-products Co., Ltd.
6.3.2 AMLAN International
6.3.3 Belgium Impextraco
6.3.4 Biomin Feed Additive (Shanghai) Co., Ltd.
6.3.5 Prince Agri
6.3.6 Kemin Industries, Inc.
6.3.7 Perstorp Performance Additives
6.3.8 Pfizer Animal Health (Zoetis)
6.3.9 Special Nutrients, Inc.
6.3.11 NOREL Animal Nutrition
6.3.12 Olmix Group
6.3.13 Micron Bio-systems
7. MARKET OPPORTUNITIES AND FUTURE TRENDS