Feed Mycotoxin Detoxifiers Market Size and Growth 2024.

Market Overview:

The World Feed Mycotoxin Detoxifiers Market was worth USD 2184.35 Million in 2018 and is estimated to register a CAGR of 3.38% throughout the forecast period (2019-2024). In 2017, Europe was the most significant geographical sector of the market studied and accounted for a share of around 43.2% of the market. Mycotoxins are tiny secondary metabolites (a combined group of natural chemicals) of molds that can cause toxic effects on humans as well as animals which are called mycotoxicosis.

Market drivers and restraints:

Feed mycotoxin detoxifiers market are witnessing high expansion due to rising focus on animal health, improving the quality of animal feeds, increasing demand for hygiene & animal products safety, raising awareness among farmers for the advantage of mycotoxin detoxifiers as feed additives in livestock production, and growing livestock business globally. Furthermore, continuous feed safety issues owing to the presence of mycotoxin, increase in focus on decontamination of livestock feeds, and latest enzymatic deactivation technology are some of the factors that can fuel the demand for feed mycotoxin detoxifiers throughout the forecast period.

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Report segmented as:

By Animal Type:

  • Poultry
  • Ruminant
  • Swine
  • Pets
  • Aquaculture
  • Rodents
  • Others Species

By Product Type:

  • Mycotoxin binders
  • Mycotoxin modifiers

By End User:

  • Aquaculture Industry
  • Integrators
  • Feed Manufacturers
  • Farmers
  • Home-mixers

Geographical analysis:

Based on the geographic region, feed mycotoxin detoxifiers market is segmented into seven major regions: North America, Eastern Europe, Latin America, Western Europe, Japan, Asia Pacific, and Middle East & Africa. North America led the feed mycotoxin detoxifiers market due to the high preference for poultry products, better understanding between farmers for the employment of feed mycotoxin detoxifiers in feed additives, and the presence of active players in these regions.

Important market players:

Some of the major players of feed mycotoxin detoxifiers market are Bayer AG, Alltech Bio-Products Co. Ltd., Poortershaven Industrial Minerals BV, Archer Daniels Midland Company, Cenzone Tech Inc., Belgium Impextraco, AMLAN International, Chr. Hansen Holding A/S, Kemin Industries, Inc., Biomin Holding GmbH, Adisseo France SAS, Novozymes A/S, Tesgo International BV, Evonik Industries AG, Nutreco N.V., and Zoetis Inc.

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

Apart from the syndicated report, our in-house team has expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

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