Feed Mycotoxin Detoxifiers Market Size & Share, by Product Type (Binders and Bio-Transformers); Animal Type (Ruminant, Poultry, Swine) and By End User (Aquaculture, Feed Manufacturers, Farmers, Home-Mixers) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 2315
  • Published Date: Oct 08, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Feed Mycotoxin Detoxifiers Market size was over USD 2.16 billion in 2023 and is anticipated to cross USD 4.12 billion by 2036, witnessing more than 5.1% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of feed mycotoxin detoxifiers is estimated at USD 2.25 billion.

The global feed mycotoxin detoxifiers market is thriving on the back of growing demand for animal feed worldwide and the rising animal feed industry, along with the increasing concern for the ill-effects of health of living organisms affected by the consumption of toxic food, and the rising awareness amongst the end users for the benefits associated with the utilization of mycotoxin detoxifiers. According to the International Feed Industry Federation (IFIF), global compound feed production in the year 2018 constituted to 1.085 billion tonnes annually and the commercial feed manufacturing industry generated an estimated annual turnover of around USD 400 billion.


Facts on Animal Feed, World, 2018
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Feed Mycotoxin Detoxifiers Sector: Growth Drivers and Challenges

Growth Drivers

  • Increasing Population Worldwide and the Growing Concern for Food Security
    According to The World Bank, the population of the world increased from 6.92 billion in the year 2010 to 7.59 billion in the year 2018.

    Along with the increasing population around the world, the concern for availability of food is also growing exponentially. To mitigate the issue of food security along with the focus of nations worldwide to end hunger so as to meet the goal number two of the sustainable development goals (SDGs), food manufacturers, farmers, and other individuals associated with the food chain are increasingly taking responsible action for reducing food wastage. The concern for the harmful impact of deadly diseases observed in meat providing animals affected by the consumption of mycotoxin infected food is resulting in huge investments for research and development of nutritious feed by the manufacturers of feed, so as to promote a healthy food chain all around. Such a factor is anticipated to drive the growth of the global feed mycotoxin detoxifiers market.
  • Growing Demand for Animal Meat Protein
    According to the statistical report FAO Global Food Outlook November 2019, production of poultry type of animal protein around the world is estimated to increase to 130.5 million metric tons in the year 2019 from 124.6 million metric tons in the year 2018. Additionally, bovine and ovine type of animal protein is estimated to increase to 72.3 million metric tons and 15.4 million metric tons in the year 2019 from 71.3 million metric tons and 15.3 million metric tons in the year 2018 respectively.

    Backed by the need for consumption of protein for a healthy lifestyle, the demand for animal meat protein has grown significantly over the years. Additionally, with the advent in certification methods for food products, such as halal foods and kosher food certifications, the exports of meat around the world have also achieved new heights, impacting towards the greater consumption of animal feed by the end users. Such a factor is anticipated to drive the growth of the global feed mycotoxin detoxifiers market.

Challenges

  • Detrimental Effect on the Environment
    The fear of the effect on the environment caused due to the utilization of inorganic absorbents in mycotoxin detoxifiers, along with the concern for requirement of precise inactivators for each mycotoxin are some of the factors anticipated to hamper the growth of the global feed mycotoxin detoxifiers market throughout the forecast period.

Feed Mycotoxin Detoxifiers Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

5.1%

Base Year Market Size (2023)

USD 2.16 billion

Forecast Year Market Size (2036)

USD 4.12 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Feed Mycotoxin Detoxifiers Segmentation

The feed mycotoxin detoxifiers market is segmented by product type into binders and bio-transformers, out of which, the binders segment is anticipated to hold the largest market share on the back of longer shelf life of binders as well as they are easily available. Binders are commercialized on a large scale as they are not affected by different climatic conditions. As a result, they come cheaper in comparison to other mycotoxin detoxifiers and are also preferred for use in all climatic conditions by the end users. 

Our in-depth analysis of the global market includes the following segments

By Product Type

  • Binders
  • Bio-Transformers

By Animal Type

  • Ruminant
  • Poultry
  • Swine
  • Others

By End User

  • Aquaculture
  • Feed Manufacturers
  • Farmers
  • Home-Mixers
  • Others

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Feed Mycotoxin Detoxifiers Industry - Regional Synopsis

On the basis of regional analysis, the global feed mycotoxin detoxifiers market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

North America industry is likely to dominate majority revenue share by 2036, backed by rising risk level for mycotoxin in livestock feed along with increasing adoption rate of feed mycotoxin detoxifiers in livestock feed in the region. Additionally, stringent regulations by the government of the nations for the threshold level of mycotoxin, along with significant production of animal feed in the region is also anticipated to contribute towards the growth of the feed mycotoxin detoxifiers market in the region during the forecast period. According to other statistics by the International Feed Industry Federation (IFIF), out of the total animal feed production in the world in the year 2018, USA and Canada constituted a major share of production, amounting to a quantity of 177 million tonnes and 22 million tonnes respectively.

Research Nester
Feed-Mycotoxin-Detoxifiers-Market-2
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Companies Dominating the Feed Mycotoxin Detoxifiers Landscape

    • Biomin Holding GmbH
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Amlan International
    • Alltech Inc.
    • Impextraco NV
    • Special Nutrients LLC
    • Kemin Industries, Inc.
    • Perstorp Holding AB
    • Adisseo France SAS
    • Norel S.A.
    • Olmix Group

In the News

  • January 2020: Biomin Holding GmbH, a subsidiary of Erber Group, announced that it has unveiled a new China-Austria Joint Laboratory of Animal Nutrition in Beijing in cooperation with the Institute of Animal Sciences, a department of the Chinese Academy of Agricultural Sciences. 

Author Credits:  Rajrani Baghel


  • Report ID: 2315
  • Published Date: Oct 08, 2024
  • Report Format: PDF, PPT
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