The "Feed Mycotoxin Detoxifiers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report by IMARC Group offers a detailed analysis of the industry, including feed mycotoxin detoxifiers market share ,size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big Is The Feed Mycotoxin Detoxifiers Market?
The global feed mycotoxin detoxifiers market size reached US$ 2.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.8 Billion by 2028, exhibiting a growth rate (CAGR) of 7.37% during 2023-2028.
What are Feed Mycotoxin Detoxifiers?
Feed mycotoxin detoxifiers represent numerous additives that are added to animal feed to convert the toxins into less toxic products. They act as bio-transforming agents to prevent the contamination of feed by mycotoxins that can negatively impact animal health, leading to problems related to reproduction, performance, or organ damage, such as liver and kidney. In recent times, mycotoxin detoxifiers have gained traction among farmers, as they aid in protecting animals against several diseases and promote proper growth in livestock.
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What Are The Growth Prospects And Trends In The Feed Mycotoxin Detoxifiers Industry?
The expanding compound feed sector and the increasing consumption of animal-based products among the masses, including dairy, eggs, meat, etc., are among the key factors stimulating the feed mycotoxin detoxifiers market. Moreover, the growing prevalence of mycotoxins in animal feed crops, such as maize, on account of unfavorable weather conditions, is acting as another significant growth-inducing factor.
Besides this, the increasing awareness regarding the benefits of feed mycotoxin detoxifiers among farmers is positively influencing the global market. Furthermore, the escalating demand for high-quality food and the inflating focus on animal health are accelerating the adoption of mycotoxin detoxifiers in animal fodder, which is also propelling the market growth. Apart from this, the implementation of advanced animal husbandry practices to enhance meat quality and the growing livestock population are further fueling the global market. Additionally, various investments by the leading manufacturers in RD activities to introduce nutritious feed additives and expand their product portfolio are also driving the market growth. In addition to this, the rising concerns regarding food safety, easy availability of raw materials, the inflating disposable income levels of consumers, and the launch of favorable government initiatives are anticipated to fuel the feed mycotoxin detoxifiers market over the forecasted period.
What Is Included In Market Segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Binders
- Bentonite
- Clay
- Others
- Bio-Transformers
- Enzymes
- Yeasts
- Others
Breakup by Animal Type:
- Ruminant
- Poultry
- Swine
- Others
Breakup by End User:
- Aquaculture
- Feed Manufacturers
- Farmers
- Home-Mixers
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Adiveter S L
- Alltech Inc.
- Amino Pharma
- Amlan International
- Bluestar Adisseo Company
- Cenzone Tech Inc.
- Impextraco N.V.
- Kemin Industries Inc.
- Koninklijke DSM N.V.
- Nutrex
- Olmix Group
- Perstorp Holding AB
- and Special Nutrients.
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