Feed Mycotoxin Detoxifiers Market Size- By Type, By Animal type, By Distribution Channel, By End-User- Regional Outlook, Competitive Strategies and Segment Forecast to 2032
Global Feed Mycotoxin Detoxifiers Market Overview
According to SPER Market Research, the Global Feed Mycotoxin Detoxifiers Market is estimated to reach USD 3.23 billion by 2032 with a CAGR of 6.33%. Small secondary metabolites produced by moulds, often known as mycotoxins or mycotoxicosis, can be toxic to both humans and animals. Several mycotoxins are used in growth stimulation, antibiotics, and other forms of drugs because of their pharmacological effects. Mycotoxin's primary drawback is that they are feed contaminants that detoxifiers may be able to get rid of. The three main mycotoxins are aflatoxin, fusarium toxin, and ochratoxin.
Impact of COVID-19 on the Global Feed Mycotoxin Detoxifiers MarketThe COVID-19 outbreak has had a substantial influence on the market for feed mycotoxin detoxifiers. Due to travel bans and severe lockdown measures brought on by the spread of a fatal virus, the raw material supply has become contaminated, which has further impacted production and the product's supply chain to retailers and end consumers.bAdditionally, during the pandemic, the demand for animal goods was decreased because it was thought that COVID might have animal origins, which in turn decreased the demand for detoxifiers.
Scope of the Report:Report Metric Details
Market size available for years 2019-2032
Base year considered 2021
Forecast period 2022-2032
Segments coveredBy Type, By Animal type, By Distribution Channel, By End-User.
Regions coveredAsia-Pacific, Europe, Middle East and Africa, North America, Latin America
Companies CoveredAdisseo France SAS Novozymes A/S, Alltech Bio-Products Co. Ltd., AMLAN International, Bayer AG, Biomin Holding GmbH, Cenzone Tech Inc. Belgium Impextraco, Poortershaven Industrial Minerals BV, Tesgo International BV, Zoetis Inc.
Global Feed Mycotoxin Detoxifiers Market Segmentation:By Type:Based on the Type, Global Feed Mycotoxin Detoxifiers Market is segmented as; Bentonite, Clays, Enzymes, Mycotoxin Binders, Mycotoxin Modifiers, Yeasts, Others
By Animal Type:Based on the Animal Type, Global Feed Mycotoxin Detoxifiers Market is segmented as; Aquaculture, Pets, Poultry, Rodents, Ruminant, Swine, Others Species (Dogs, Cats, and Horses)
By Region:The Global Feed Mycotoxin Detoxifiers Market is segmented into North America, Europe, Asia Pacific, and the Rest of the World based on geography. The market for feed Mycotoxin Detoxifiers is dominated by the Asia-Pacific region.