Wiseguyreports.Com Adds “Feed Mycotoxin Detoxifiers -Market Demand, Growth, Opportunities and analysis of Top Key Player Forecast to 2021” To Its Research Database
The Global Feed Mycotoxin Detoxifiers Market was worth $1.90 billion in 2015 and estimated to be growing at a CAGR of 3.60%, to reach $2.27 billion by 2020. The global Feed Mycotoxin Detoxifiers market is developing at a significant rate due to the increase in the livestock population for meat consumption as a source of protein.
Mycotoxin detoxifiers, when used in animal feed, prevent the contamination of feed by mycotoxins, which are a collective group of natural chemicals (toxic secondary metabolite) that are produced by certain moulds. These various mycotoxins contaminate the animal feed and negatively affect animals. These negative effects could range from problems related to reproduction and organ damage (liver/kidney) to a greater susceptibility to infectious diseases in animals. They can also affect the performance of these animals. To protect these animals from these negative effects, mycotoxin detoxifiers are used in animal fodder. They are specific for each mycotoxin and are required to be supplemented in animal feed to counter the adverse effects of mycotoxins.
The growth of the Feed Mycotoxin Detoxifiers market is majorly driven by factors such as the rise in global meat consumption, a better understanding of the usage of mycotoxins detoxifiers among farmers, danger of diseases in livestock, and the ecological impact of the meat and dairy industry. Technology innovations are also playing a crucial role in the advancement of this industry. Although this market has quite a few substantial drivers, it is still restrained by factors such as the need for specific inactivators 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-commoditites also restrain the growth of this market.
The Global Feed Mycotoxin Detoxifiers market is segmented based on type and animal category. The market for Feed Mycotoxin Detoxifiers, on the basis of type, is classified into binders and bio transformers. Binders are further sub segmented into bentonite, clays, and others while bio transformers are categorized into enzymes, yeasts, and others. On the basis of Animal category, the global Feed Mycotoxin Detoxifiers market is segmented into ruminant, poultry, swine, aquaculture, pets, horses, and others. In this category, the poultry segment leads the Feed Mycotoxin Detoxifiers market.
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The market has also been geographically segmented into North America, Europe, Asia-Pacific and the Latin America and Middle-East. The poultry segment is developing as a leading livestock segment for consumption, trailed by swine and cattle, because of the increase in demand for poultry meat, consumer taste predilections, and rise in disposable incomes in developing economies, primarily in China and India. Hence preventing the contamination of the animal feed is vital. The Asia-Pacific region is expected to offer lucrative growth opportunities, owing to the considerable increase in feed production and increasing awareness among the consumers about the quality of meat, and dairy and related products.
Some of the major companies dominating this market are
BASF SE, Cargill, Inc., Alltech, Inc., Novozymes A/S, Chr. Hansen Holding A/S, Archer Daniels Midland Company, Charoen Pokphand Foods Public Company Limited, Nutreco N.V., Evonik Industries AG, and Adisseo France SAS.
Table of Content
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Type
5.1.2 Bio transformers
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