North America Feed Mycotoxin Detoxifiers Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

North America feed Mycotoxin Detoxifiers market is segmented by type as Binders (Bentonite, Clays and Others) and Biotransformers (Enzymes, Yeasts and Others) by Animal Type (Ruminant, Poultry, Swine and other animal types) and by geography

Market Snapshot

snap
Study Period:

2016 - 2026

Base Year:

2020

CAGR:

3.1 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

North America feed Mycotoxin Detoxifiers market is projected to grow at a CAGR of 3.1% during the forecast period (2020 - 2025). The high prevalence of mycotoxins in animal feed crops such as maize due to unpredictable weather conditions affecting crop production with mycotoxins in the region. This in turn has stimulated the demand for mycotoxin detoxifiers in various animal feeds in the region. Further, the increase in demand for animal-based products in the region has augmented the demand for compound feed, thereby boosting the demand for feed mycotoxin detoxifiers in the region.

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. 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.

Types
Binders
Bentonite
Clay
Others
Bio-Transformers
Enzymes
Yeasts
Other Bio-Transformers
Animal Type
Ruminant
Poultry
Swine
Other Animal Types
Geography
United States
Canada
Mexico
Rest of North America

Report scope can be customized per your requirements. Click here.

Key Market Trends

Increasing Animal Production is Driving the Market

The increase in demand for feed mycotoxin detoxifiers is largely attributed to an increase in demand for animal-based products in the region. For instance, In Canada, the commercial chicken and turkey meat production totaled 1.43 billion kilograms in 2018. The demand for poultry and egg products is growing. Over the last five years, food availability increased annually on average by 2.3% for chicken, 1.4% for turkey, and 2.5% for eggs. In Mexico, poultry is the most developed animal feed livestock subsector driven by high demand for poultry meat and eggs. The demand for animal-based products has led to a rise in the consumption of animal feed products in the region. Mycotoxin contamination in an animal feed is a serious problem faced by many livestock growers in the region. For instance, Mycotoxins have an estimated USD 5 billion impacts on the United States and Canadian animal industries annually. Hence there is an increase in demand for animal feed detoxifiers in the region which can mitigate the contamination losses in the animal feed, thereby boosting animal production in the region.

north-america-feed-mycotoxin-detoxifiers-market-industry

To understand key trends, Download Sample Report

United States Dominates the Market

The country's weather conditions highly contributed to mycotoxins contamination in animal feed across various parts of the United States. For instance, In 2019, the spring floods in the northern plains and Midwest delayed planting and harvesting of maize crops, allowed the crops to stay longer in fields and expose more to mycotoxin. The most common mycotoxins which are highly prevalant in the country are aflatoxin, deoxynivalenol (also known as DON, vomitoxin), zearalenone and fumonisin Hence their an increase in demand for mycotoxin detoxifiers that can supress or reduce the absorption of mycotoxins in the animal feed. With many international companies such as Alltech, Alman International and Norel Animal Nutrition in the country, the market for feed mycotoxin detoxifiers is projected to grow during the forecast period.

north-america-feed-mycotoxin-detoxifiers-market-industry

To understand geography trends, Download Sample Report

Competitive Landscape

Alltech, Alman International and Norel Animal Nutrition are some of the major players who are operating in the region. These players are launching products that caters to the needs of animal feed industry in the region.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions & Market definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Types

      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 United States

      2. 5.3.2 Canada

      3. 5.3.3 Mexico

      4. 5.3.4 Rest of North America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Alltech

      2. 6.3.2 Alman International

      3. 6.3.3 Biomin Holding GmbH

      4. 6.3.4 Special Nutrients, Inc

      5. 6.3.5 Norel Animal Nutrition

      6. 6.3.6 Kemin Industries, Inc

      7. 6.3.7 Pfizer Animal Health (Zoetis)

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. IMPACT OF COVID-19

**Subject to Availability

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The North America Feed Mycotoxin Detoxifiers Market market is studied from 2016 - 2026.

The North America Feed Mycotoxin Detoxifiers Market is growing at a CAGR of 3.1% over the next 5 years.

  • Alltech
  • Alman International
  • Special Nutrients, Inc
  • Norel Animal Nutrition
  • Kemin Industries, Inc

Are the major companies operating in North America Feed Mycotoxin Detoxifiers Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!