According to a market report by Lucintel, the future of the feed mycotoxin detoxifiers market looks promising with opportunities in the ruminant, poultry, swine, and other livestock feeding markets. The global feed mycotoxin detoxifiers market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected grow with a CAGR of 3% from 2020 to 2025. The major drivers for this market are increasing meat consumption, rising awareness about the about the importance of mycotoxin detoxifiers among the farmers, and growing demand for hygiene and livestock products safety.
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In this market, different types of feed mycotoxin detoxifiers, such as binders (bentonite, clay, and others) and bio-transformers (enzymes, yeasts, and other) are used in livestock feed to prevent the contamination of feed by mycotoxins.
Within this market, poultry will remain the largest livestock type during the forecast period due to growing consumer demand for the poultry meat products.
North America will remain the largest region in the forecast period due to high preference for poultry products and better understanding regarding the usage of feed mycotoxin detoxifiers in feed additives among farmers
Bayer, Alltech Bio-Products, Poortershaven Industrial Minerals, Archer Daniels Midland Company, Cenzone Tech, Belgium Impextraco, AMLAN International, Chr. Hansen Holding, Kemin Industries, Biomin Holding, Adisseo France, Novozymes, Tesgo International, Evonik Industries, Nutreco, and Zoetis are among the major feed mycotoxin detoxifiers manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global feed mycotoxin detoxifiers market by type, livestock type, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Feed Mycotoxin Detoxifiers Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global feed mycotoxin detoxifiers market by type, livestock type, and region as follows:
By Type [Volume (kilotons) and $M shipment analysis for 2014 – 2025]:
By Livestock Type [Volume (kilotons) and $M shipment analysis for 2014 – 2025]:
Ruminant
Poultry
Swine
Other
By Region [Volume (kilotons) and $M shipment analysis for 2014 – 2025]:
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Asia Pacific
China
Japan
India
South Korea
The Rest of the World
This more than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
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