When Mycotoxin Detoxifiers Are Used In Animal Feed, They Prevent Mycotoxins From Contaminating The Feed. Mycotoxins Are A Group Of Natural Chemicals (Toxic Secondary Metabolite) Produced By Certain Moulds. The Presence Of Various Mycotoxins Contaminates Animal Feed, Which Negatively Impacts Animal Health. The Negative Effects Could Range From Reproductive Issues And Organ Damage (Liver/Kidney) To Increased Susceptibility To Infectious Diseases In Animals. They Can Also Have An Impact On The Performance Of These Animals. Mycotoxin Detoxifiers Are Used In Animal Feed To Protect These Animals From These Negative Effects. They Are Unique To Each Mycotoxin And Must Be Supplemented In Animal Feed To Mitigate The Negative Effects Of Mycotoxins.
Data Bridge Market Research Analyses That The Feed Mycotoxin Modifiers Market Was Valued At USD 2.9 Billion In 2021 Is Expected To Reach The Value Of USD 3.88 Billion By 2029, At A CAGR Of 3.70% During The Forecast Period Of 2022 To 2029. The Market Is Expanding Due To Growing Concerns About Animal Health. The Market Report Curated By Data Bridge Market Research Team Includes In-Depth Expert Analysis, Import/Export Analysis, Pricing Analysis, Production Consumption Analysis, Technological Advancements And Patent Analysis.
Market Definition
Mycotoxin Is A Synthetic Or Organic Substance That Is Added To Animal Feed In A Small Amount To Kill Mycotoxins While Also Preventing And Stopping Them From Entering Livestock Bloodstreams. These Binders Are Known As Mycotoxin Binders, And They Are Found In Clay, Yeast, Charcoal, And Silicates.
Recent Development
Olmix Group Partnered With The INRAE (National Research Institute For Food, Agriculture, And Environment) In March 2020 To Strengthen Its Position In Environmental And Animal Nutrition And Health By Developing Sustainable And Economically Viable Agricultural Food Systems.
Olmix Group Continued Its Global Expansion Activities In December 2019 And Has Now Opened A New Facility In Serbia To Assist Its Customers In Addressing Livestock Challenges Such As Animal Immunity, Digestive Welfare, And Mycotoxin Risk Management.
ADM Acquired Neovia (France) In January 2019 To Expand Its Product Portfolio For Livestock And Companion Animal Health Products. It Would Offer Feed Ingredients, Premixes, Aquaculture, Mycotoxin, And Other Additives Due To The Acquisition.
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Feed Mycotoxin Modifiers Market Dynamics
Drivers
Rising Risk Of Mycotoxin Contamination
Feed Mycotoxins Market Is Expected To Grow During The Forecast Period Due To The Increased Risk Of Mycotoxin Contamination In Livestock Feed And Rising Incidences Of Mycotoxin Occurrences In Crops.
Rising Expansion Of The Animal Meat Market
The Expansion Of The Animal Meat Market Is Driving Growth In The Global Mycotoxin Detoxifiers Market. According To OECD-FAO Statistics, Consumption Of Poultry Meat, Which Is Animal Meat, Has Been Steadily Increasing. In 2018, Poultry Meat Consumption Reached A Record High Of 120,884.63 Thousand Metric Tonnes, Up From 116,845.36 Thousand Metric Tonnes In 2016. Increased Global Meat Intake And Increased Livestock Health Concerns Have Caused The Market To Consume A Greater Quantity Of Mycotoxin Detoxifiers. Companies Worldwide Are Heavily Invested In The Development Of Binders And Bio-Transformers That Aid In The Conversion Of Toxins Into Less Toxic Products.
Opportunity
Important Focus On Feed Safety And Livestock Health In Order To Meet Rising Meat Consumption And Strengthened Feed Demand Are Enhancing The Growth Opportunities For The Use Of Feed Mycotoxin Binders And Modifiers. Another Factor Providing Significant Opportunity For Growth Is The Increased Emphasis Placed On The Quality Of Feed Products In These Emerging Markets. Furthermore, Ongoing Disease Outbreaks In Livestock Can Impact The Use And Market Development Of Feed Mycotoxin Binders And Modifiers, As Regulatory Bodies Around The World Focus On Adopting Control Measures On Feeding Practices To Address Feed And, As A Result, Food Safety.
Competitive Landscape And Feed Mycotoxin Modifiers Market Share Analysis
The Feed Mycotoxin Modifiers Market Competitive Landscape Provides Details By Competitor. Details Included Are Company Overview, Company Financials, Revenue Generated, Market Potential, Investment In Research And Development, New Market Initiatives, Global Presence, Production Sites And Facilities, Production Capacities, Company Strengths And Weaknesses, Product Launch, Product Width And Breadth, Application Dominance. The Above Data Points Provided Are Only Related To The Companies' Focus Related To Feed Mycotoxin Modifiers Market.
Some Of The Major Players Operating In The Feed Mycotoxin Modifiers Market Are:
Cargill Incorporated (US)
BASF SE (Germany)
ADM (US)
Bayer AG (Germany)
Perstorp (Sweden)
Chr. Hansen Holding A/S (Denmark)
Kemin Industries, Inc.(US)
Nutreco (Netherlands)
Adisseo (France)
Alltech (US)
Novus International (US)
Biomin (Austria)
Global Feed Mycotoxin Modifiers Market Scope
The Feed Mycotoxin Modifiers Market Is Segmented On The Basis Of Livestock, Source And Form. The Growth Amongst These Segments Will Help You Analyze Meagre Growth Segments In The Industries And Provide The Users With A Valuable Market Overview And Market Insights To Help Them Make Strategic Decisions For Identifying Core Market Applications.
Type
Inorganic
Organic
On The Basis Of Source, The Feed Mycotoxin Modifiers Market Is Segmented Into Inorganic And Organic.
Livestock
Ruminants
Swine
Poultry
Aquatic Animals
Pets
Horses
Others
On The Basis On Livestock, The Feed Mycotoxin Modifiers Market Is Segmented Into Ruminants, Swine, Poultry, Aquatic Animals, Pets, Horses And Others.
Form
Liquid
Dry
Based On Form, The Feed Mycotoxin Modifiers Market Is Segmented Into Liquid And Dry.
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Feed Mycotoxin Modifiers Market Regional Analysis/Insights
The Feed Mycotoxin Modifiers Market Is Analyzed And Market Size Insights And Trends Are Provided By Country, Source, Livestock And Form, As Referenced Above.
The Countries Covered In The Feed Mycotoxin Modifiers Market Report Are U.S., Canada And Mexico In North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest Of Europe In Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest Of Asia-Pacific (APAC) In The Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest Of Middle East And Africa (MEA) As A Part Of Middle East And Africa (MEA), Brazil, Argentina And Rest Of South America As Part Of South America.
Europe Is The Main Segment Of The Feed Mycotoxin Detoxifiers Market And Is Expected To Grow Rapidly Because Of The Easy Availability Of Raw Materials And Their High Effectiveness. Asia Pacific Has Enormous Potential And Is Experiencing Significant Growth In Terms Of Rising Meat Consumption Alongside Local Meat Production, Increasing Demand For Quality Food, Growing Food Safety Awareness, Increasing Per Capita Spending On Meat-Related Products, And Expanding Industrialization Of The Animal Industry In These Regions.
The Country Section Of The Report Also Provides Individual Market Impacting Factors And Changes In Market Regulation That Impact The Current And Future Trends Of The Market. Data Points Like Down-Stream And Upstream Value Chain Analysis, Technical Trends And Porter's Five Forces Analysis, Case Studies Are Some Of The Pointers Used To Forecast The Market Scenario For Individual Countries. Also, The Presence And Availability Of Global Brands And Their Challenges Faced Due To Large Or Scarce Competition From Local And Domestic Brands, Impact Of Domestic Tariffs And Trade Routes Are Considered While Providing Forecast Analysis Of The Country Data.
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