Mycotoxins are secondary metabolites produced by moulds that can be toxic to both humans and animals. Many mycotoxins have pharmacological effects, which is why they are used in drugs. Mycotoxins can be feed contaminants that detoxifiers may be able to remove, but this is their main drawback. Mycotoxins are harmful compounds that can cause health problems in humans. Detoxifiers can help to counteract the effects of these toxins, as well as to remove other toxins from the body. Feed additives such as bentonite, kaolin, and zeolites are also used to protect the stomach and to adsorb heavy metals and other harmful microorganisms. The market for feed detoxifiers is expected to grow quickly over the next few years due to the negative effects of microbial spoilage on animal feed and meat quality.
The market for feed Mycotoxin Detoxifiers is expected to grow during the forecasted period due to factors like increasing livestock numbers and government initiatives for animal welfare. Binders are predicted to experience the fastest growth in terms of sales over the next several years, due to their ability to adsorb mycotoxins and protect animal intestinal tracts from toxin absorption. Feed Mycotoxin Detoxifiers are in high demand because of the high incidence of aflatoxins in poultry, which reduce chicken body mass. Over the projected period, poultry will be the main market for these products.
The market for feed Mycotoxin Detoxifiers has been significantly impacted by the COVID-19 outbreak. The raw material supply has become tainted as a result of travel restrictions and strict lockdown measures brought on by the spread of a deadly virus, which has further hampered production and the product's supply chain to merchants and end users. Additionally, because it was believed that COVID may have animal origins during the pandemic, the demand for animal products declined, which in turn reduced the need for detoxifiers.
Feed Mycotoxin Detoxifiers Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Adisseo France SAS Novozymes A/S, Alltech Bio-Products Co. Ltd., AMLAN International, Archer Daniels Midland Company, Bayer AG, Biomin Holding GmbH, Cenzone Tech Inc. Belgium Impextraco, Chr. Hansen Holding A/S, Evonik Industries AG Nutreco N.V., Kemin Industries Inc., Poortershaven Industrial Minerals BV, Tesgo International BV, Zoetis Inc.
Global Feed Mycotoxin Detoxifiers Market Segmentation:
By Type: Based on the Type, Global Feed Mycotoxin Detoxifiers Market is segmented as; Bentonite, Clays, Enzymes, Mycotoxin Binders, Mycotoxin Modifiers, Yeasts, Others
By Animal Type: Based on the Animal Type, Global Feed Mycotoxin Detoxifiers Market is segmented as; Aquaculture, Pets, Poultry, Rodents, Ruminant, Swine, Others Species (Dogs, Cats, and Horses)
By Distribution channel: Based on the Distribution channel, Global Feed Mycotoxin Detoxifiers Market is segmented as; Direct Selling, Health & Beauty stores, Hypermarket/Supermarket, Online, Pharmacies/Drugstores
By End-User: Based on the End-User, Global Feed Mycotoxin Detoxifiers Market is segmented as; Aquaculture Industry, Farmers, Feed Manufacturers, Home-mixers, Integrators
By Region: The Global Feed Mycotoxin Detoxifiers Market is segmented into North America, Europe, Asia Pacific, and the Rest of the World based on geography. The market for feed Mycotoxin Detoxifiers is dominated by the Asia-Pacific region. A strong growth rate is anticipated because of the country's vast livestock population and widespread meat consumption. It has tremendous potential and exhibits significant growth in terms of rising meat consumption, local meat production, rising food safety awareness, rising per capita spending on meat-related goods, and growing industrialization of the animal business in these areas. China is both the world's greatest producer and consumer of cattle in the Asia-Pacific region. A growing population, rapid increases in per capita income, improvements to domestic meat and dairy production systems, increased accessibility to meat and dairy products (due to improved transportation and distribution systems), and changing consumption patterns are all expected to contribute to China's consumption of meat and dairy products continuing to rise sharply. Mycotoxin detoxifier use in the nation is predicted to rise as a result.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.