Global Feed Mycotoxin Detoxifiers Modifier Market Size, Share & Trends Analysis Report, By Animal Type (Poultry, Ruminant, Swine, Pets, Aquaculture, and Rodents), By Product Type (Clays, Bentonite, Yeasts, Enzymes, and Others), Forecast (2022-2028)

The global feed mycotoxin detoxifiers modifier market is anticipated to grow at a CAGR of nearly 6.0% during the forecast period (2022-2028). Mycotoxins are tiny secondary metabolites that are a collection of natural compounds produced by moulds that can have harmful effects on people and animals which are known as mycotoxicoses. Mycotoxin is a big concern as a feed contaminant that might be removed by detoxifiers. To protect these animals from these adverse effects, mycotoxin detoxifiers are used in animal fodder. They are unique for each mycotoxin and are required to be supplemented in animal feed to counter the harmful effects of mycotoxins. Focusing more on animal health, improving the quality of animal feeds, increasing demand for hygiene animal products and safety, also increasing awareness among the farmers for the advantages regarding the mycotoxin detoxifiers as feed additives in livestock production are the major factors that are driving the market growth. With ongoing feed safety concerns due to mycotoxin presence, growing focus on livestock feed decontamination, and advanced enzymatic deactivation technology are also some of the major factors that could drive the market growth. Furthermore, rising livestock populations and government measures to improve animal welfare are some variables that could boost the growth of the market.

Some major players in the market include Kemin Industries Inc., Biomin Holding GmbH, and Alltech Bio-products Co., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, In February 2021, Kemin Industries Inc. launched a new product named KemTRACE Chromium, an organic compliant chromium propionate feed ingredients for swine, cattle, broiler, and horse diets. Additionally in February 2021, Alltech Bio-Products and DLG Group came together to focus on delivering profitability and efficiency to livestock producers in Scandinavia.

In November 2020, Evonik expanded its customer service offering for its animal nutrition customers by introducing a new digital portal called ‘myAMINO’. In March 2019, Biomin Holding GmBH launched FUMZYME SOL, which is the first water-soluble purified enzyme that can be sprayed easily on feed in order to counteract against fumonisins, a group of mycotoxins.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By  Animal Type
  • By Product Type
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape– Kemin Industries Inc., Biomin Holding GmbH, and Alltech Bio-products Co., among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Feed Mycotoxin Detoxifiers Modifier Market Report by Segment

By Animal Type

• Poultry
• Ruminant
• Swine
• Pets
• Aquaculture
• Rodents

By Product Type

• Clays
• Bentonite
• Yeasts
• Enzymes
• Others

Global Feed Mycotoxin Detoxifiers Modifier Market Report by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa