Feed Mycotoxin Detoxifiers Market with Current Trends Analysis, 2017-2027
Feed Mycotoxin Detoxifiers Market:Drivers and Restraints
Feed mycotoxin detoxifiers market are witnessing maximum growth owing to increasing focus on animal health, enhancing the quality of animal feeds, rising demand for hygiene & animal products safety, growing awareness among farmers for the benefits of mycotoxin detoxifiers as feed additives in livestock production, and expanding livestock industry worldwide. Moreover, continuous feed safety issues due to the presence of mycotoxin, rise in focus on decontamination of livestock feeds, and advanced enzymatic deactivation technology are some of the factors that can boost the demand for feed mycotoxin detoxifiers over the forecast period. However, harmful environmental effect with the use of inorganic absorbents, requirement for precise inactivators for each mycotoxin, and limited techniques to analyze the prevalence of mycotoxin & eliminate them safely among producers may hamper the growth of feed mycotoxin detoxifiers market in near future.
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Feed Mycotoxin Detoxifiers Market:Segmentation
The feed mycotoxin detoxifiers market has been classified on the basis of animal type, product type and end user.
Based on animal type, the feed mycotoxin detoxifiers market is segmented into the following:
Others Species ( Dogs, Cats, and Horses)
Based on product type, the feed mycotoxin detoxifiers market is segmented into the following:
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Based on end user, the feed mycotoxin detoxifiers market is segmented into the following:
Feed Mycotoxin Detoxifiers Market:Overview
Feed mycotoxin detoxifiers market revenue is expected to grow at a rapid growth rate, over the forecast period. The market is anticipated to perform well in the near future owing to the fact that it reduces animal feed contamination from mycotoxin & its harmful effects such as immune system, organ damage and reproduction of livestock, increasing use of mycotoxin detoxifiers in livestock feed additives for better quality, and growing demand for better quality meat & processed food worldwide. Moreover, increasing livestock population, and government initiatives for animal welfare are some of the factors that can accelerate the market revenue growth of feed mycotoxin detoxifiers during the forecast period. Based on product type, binders is anticipated to grow at the fastest CAGR over the forecast period attributed to prevent the animals intestinal tract from the absorption of mycotoxin through adsorbing toxins to their surface. Based on animal type, poultry account for largest share in the feed mycotoxin detoxifiers market over the forecast period owing to rising consumer predilections for poultry meat and high presence of aflatoxins in poultry feeds that contaminate feeds & reduce chicken’s body weights are some of the factors that boost the demand for feed mycotoxin detoxifiers in near future.
Feed Mycotoxin Detoxifiers Market: Region-wise Outlook
Depending on the geographic region, feed mycotoxin detoxifiers market is divided into seven key regions: North America, Eastern Europe, Latin America, Western Europe, Japan, Asia Pacific, and Middle East & Africa. North America dominated the feed mycotoxin detoxifiers marketowing to the high preference for poultry products, better understanding among farmers for the use of feed mycotoxin detoxifiers in feed additives, and the presence of active players in these regions. Asia Pacific holds huge potential and shows substantial growth in terms of rising meat consumption along with production of local meat, increasing demand for quality food, growing awareness towards food safety, increasing per capita spending on meat related products, and expanding industrialization of animal industry in these regions.
Feed Mycotoxin Detoxifiers Market:Key Players
Some players of feed mycotoxin detoxifiers market are Bayer AG, Alltech Bio-Products Co. Ltd., Poortershaven Industrial Minerals BV, Archer Daniels Midland Company, Cenzone Tech Inc., Belgium Impextraco, AMLAN International, Chr. Hansen Holding A/S, Kemin Industries, Inc., Biomin Holding GmbH, Adisseo France SAS, Novozymes A/S, Tesgo International BV, Evonik Industries AG, Nutreco N.V., and Zoetis Inc.
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