Global Feed Mytoxin Detoxifiers Market is projected to grow at a significant CAGR from 2017 to 2025
Feed mycotoxin detoxifiers recently witnessed a rise in demand due to increasing use and application in fodder manufacturing, home mixers, integrators, farming, livestock and aquaculture. They are used to modify toxic substances into nontoxic ones or to reduce the presence of harmful toxins in animal feed. In animal fodders, it prevents toxin contamination which could end up causing harm to animals including organ failure/damage, stunted growth, difficulty in reproduction, etc. Increased health consciousness on the part of consumers has led to suppliers and producers to take the use of feed mycotoxins seriously. Based on type, the feed mycotoxin market is segmented into binders and bio transformers, however binders have a larger share in the market. They are often used to reduce toxicity in fodder, and are further segmented into bentonite, clays and others. Bio transformers are further segregated into enzymes, yeasts and others. The market is expected to witness growth in the forthcoming years due to rising demand of enhancement in quality of animal fodder, need for hygenic and toxin free animal products, increased consumption of meat and meat products, increased health concerns of consumers, etc. Although this market has quite a few substantial drivers, it is still restrained by a few factors, such as the need for specific in-activators for different mycotoxins and the environmental concerns related to inorganic absorbents. In addition to these, the competition for raw materials with other industries and the price volatility of agro-commodities also restrain the growth of this market.
The report is designed to provide a complete view on the global Feed Mytoxin Detoxifiers market. The report has been categorised into qualitative and quantitative insights over the forecast period (2017-2025). The demand and supply matrix section falls under the qualitative information category wherein the market dynamics for Feed Mytoxin Detoxifiers market has been studied considering a short term forecast of the factors/ variables which have an impact on Feed Mytoxin Detoxifiers market. The market segments and their respective estimates & forecasts has been covered under the quantitative information category. Regional estimates and forecasts & trend analysis for each country and region is also available in the study. The report concludes by providing the competitive landscape of the major market participants which are profiled by analysing their organic & inorganic growth strategies, regional presence, and product portfolio among others.
Study Technique: Global Feed Mytoxin Detoxifiers Market
The global Feed Mytoxin Detoxifiers market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process. The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Feed Mytoxin Detoxifiers market. The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers. Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company’s manufacturing Feed Mytoxin Detoxifiers, and customer analytics.
Global Feed Mytoxin Detoxifiers Market Segmentation
Based on livestock, the global feed mycotoxin detoxifiers market is segmented into ruminants, poultry, swine, aquatic animals and others. The poultry feed segment is the biggest and the fastest-growing segment owing to rising consumer predilections for poultry meat and high presence of aflatoxins in poultry feeds that contaminate feeds & reduces chicken’s body weights. Based on source, the feed mycotoxin detoxifiers market is segmented into synthetic and natural. Natural feed mycotoxin detoxifiers are preferred due to growing demand for all organic products by health conscious customers and overall increase of health awareness and safety issues across the world.
End-User Landscape (Consumer Profile): Feed Mytoxin Detoxifiers Market
Companies such as Belgium Impextraco, AMLAN International, and Alltech Bio-products Co., Ltd., among others are investing extensively in the manufacturing and sale of Feed Mytoxin Detoxifiers, which presents a huge opportunity to Feed Mytoxin Detoxifiers suppliers. The report provides a detailed list of end-users operating across the world. The end-user landscape includes consumer contact details, geographical presence, revenue, product portfolio, organic, and inorganic growth strategies among others.
Belgium Impextraco, AMLAN International, Alltech Bio-products Co., Ltd., Special Nutrients, Biomin Feed Additive (Shanghai) Co., Ltd., and Kemin Industries, Inc. among others account for the major share in Feed Mytoxin Detoxifiers market. Companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position. The other companies profiled in the report include: Perstorp Performance Additives, Special Nutrients, Inc., USA., Pfizer Animal Health (Zoetis), Abbott Nutrition, and NutriAd.
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