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.
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Increased mycotoxin exposure rates in cattle
Existence of possible replacements
Increasing demand from the aquafeed and poultry industries
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.
Others Species ( Dogs, Cats, and Horses)
By Product Type
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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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
Cargill-Company Financial Analysis
|Market Size in 2022
|US$ 2.48 Billion
|Market Size by 2030
|US$ 3.29 Billion
|CAGR of 3.6% From 2023 to 2030
|Report Scope & Coverage
|Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
|• 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)
|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)
|Impextraco, Bayer, ADM, Cargill, BASF, Perstorp, Kemin, Biomin, Norel, Nutreco, Adisseo, Chr. Hansen, Global Nutritech, Alltech, Novus International, and Other Players.
|• Increased mycotoxin exposure rates in cattle
|• Existence of possible replacements
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
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
126.96.36.199 United Kingdom
188.8.131.52 South Korea
184.108.40.206 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
8.7 Others Species ( Dogs, Cats, and Horses)
9.Feed Mycotoxin Detoxifiers Market Segment, By product type
9.1 Mycotoxin Binders
9.5 Mycotoxin Modifiers
10.Feed Mycotoxin Detoxifiers Market Segment, By user
10.1 Aquaculture Industry
10.3 Feed Manufacturers
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profile
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.12 Chr. Hansen
12.13 Global Nutritech
12.15 Novus International
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
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