Europe Feed Mycotoxin Detoxifiers Market Size, Share, Analysis 2031
Europe Feed Mycotoxin Detoxifiers Market Size, Share, Analysis 2031
Segments - Europe Feed Mycotoxin Detoxifiers Market by Types (Binder [Clay, Bentonite, and Others], Bio-transformers [Enzymes, Yeasts, and Others]), Animal Type (Poultry, Ruminant, Swine, and Others), Geographies (France, Germany, United Kingdom, Spain, Italy, Russia, Rest of Europe)- Europe Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :HC-4576
| 4.9 Rating
| 66 Reviews
| 176 Pages
| Format :
Report Description
The Europe Feed Mycotoxin Detoxifiers Market size was valued at USD 313.4 Million in 2022 and is expected to surpass USD 465.74 Million by 2031, expanding at a CAGR of 4.5% during the forecast period, 2023 – 2031. The growth of market is attributed to increasing awareness among the farmers towards the benefits of mycotoxin detoxifier and problems associated to organ damage and reproduction problems suspecting to infectious diseases in animals.
According to the 2018 report of European Commission’s EU Agricultural Outlook Europe observed a drastic increase in the consumption of meat, Europe has witnessed the highest percentage of people as compared to other regions when it comes to meat consumption as it is considered as the essential part of their diet.
Another factor such as rising disposable income and quality meat production support the market for standard meat and animal protein which is responsible for driving the market in the coming years.
Mycotoxins detoxifier are primarily used in animal feeds for prevention from contamination by mycotoxin, they are prone to enter the food chain either by livestock feeds or by infected crops. The rising concerns for the animal safety and the government initiatives and active participation have led the availability of various mycotoxin detoxifying agents.
Furthermore, the constant product innovation towards the development of diagnostic kits for the precise detection of mycotoxins is yet another factor elevating the growth of the market during the projected period.
Market Trends, Drivers, Restraints, and Opportunities
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Increasing quality meat production and growing demand for the meat within the region is expected to boost the market in the coming years.
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Rising disposable income of the people within the countries is estimated to drive the market during the forecast period.
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Growing awareness among the farmers about the benefits associated with the use of mycotoxin is anticipated to augment the market during forecast period.
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Rapid growth of feed additive industry within Europe is estimated to propel the market during the forecast period.
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Rising government initiatives and favorable support towards the usage of mycotoxin detoxifying agents is anticipated to spur the market during the projected period.
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Lack of awareness about using inorganic mycotoxin can infect the whole food chain which acts as a factor that can hamper the market in the coming years.
Scope of Europe Feed Mycotoxin Detoxifiers Market
The report on the Europe feed mycotoxin detoxifying agents market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Feed mycotoxin detoxifying agents market – Europe Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Types (Binder [Clay, Bentonite, and Others], Bio-transformers [Enzymes, Yeasts, and Others]), Animal Type (Poultry, Ruminant, Swine, and Others) |
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Geographical Scope |
France, Germany, United Kingdom, Spain, Italy, Russia, and Rest of Europe |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Kemin Industries; Nutrex N.V.; Alltech Inc.; Norel Animal Nutrition; Adisseo (Nutriad)). |
Europe Feed Mycotoxin Detoxifiers Market Segment Insights
The binder segment is expected to hold the large share of the market
Based on the types, the market is segregated into binder and bio-transformers. The binder segment is further segregated into clay, bentonite, and others. The bio-transformers segment is sub-segregated into enzymes, yeasts, and others. The binder segment is expected to hold the large share of the market during the forecast period due to the porous structure which is incorporated with the ability to absorb an trap mycotoxin, also new binder for eg bio-transformers binder are newly introduced in the market but are used less as compared to other due to it certain drawbacks.
The poultry segment is anticipated to constitute the major share of the market
On the basis of animal types, the market is fragmented into poultry, ruminant, swine, and others. The poultry segment is anticipated to constitute the major share of the market during the forecast period owing to growing consumers of predilection for chicken meat and presence of aflatoxins in poultry feeds that pollute feeds and reduces the body weight of the chicken.
Segments
Types
- Binder
- Clay
- Bentonite
- Others
- Bio-Transformers
- Enzymes
- Yeasts
- Others
Animal Types
- Poultry
- Ruminant
- Swine
- Others
Geographies
- France
- Germany
- United Kingdom
- Spain
- Italy
- Russia
- Rest of Europe
Key players
- Nutrex N.V.
- Kemin Industries
- Alltech Inc.
- Norel Animal Nutrition
- Adisseo (Nutriad))
Competitive Landscape
Key players competing in the Europe feed mycotoxin detoxifying market include Kemin Industries; Nutrex N.V.; Alltech Inc.; Norel Animal Nutrition; Adisseo (Nutriad)).
Some of these players are targeting on business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Feed Mycotoxin Detoxifiers Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Feed Mycotoxin Detoxifiers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Feed Mycotoxin Detoxifiers Market - Supply Chain
4.5. Global Feed Mycotoxin Detoxifiers Market Forecast
4.5.1. Feed Mycotoxin Detoxifiers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Feed Mycotoxin Detoxifiers Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Feed Mycotoxin Detoxifiers Market Absolute $ Opportunity
5. Global Feed Mycotoxin Detoxifiers Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Feed Mycotoxin Detoxifiers Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Feed Mycotoxin Detoxifiers Demand Share Forecast, 2019-2026
6. North America Feed Mycotoxin Detoxifiers Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Feed Mycotoxin Detoxifiers Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Feed Mycotoxin Detoxifiers Demand Share Forecast, 2019-2026
7. Latin America Feed Mycotoxin Detoxifiers Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Feed Mycotoxin Detoxifiers Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Feed Mycotoxin Detoxifiers Demand Share Forecast, 2019-2026
8. Europe Feed Mycotoxin Detoxifiers Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Feed Mycotoxin Detoxifiers Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Feed Mycotoxin Detoxifiers Demand Share Forecast, 2019-2026
9. Asia Pacific Feed Mycotoxin Detoxifiers Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Feed Mycotoxin Detoxifiers Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Feed Mycotoxin Detoxifiers Demand Share Forecast, 2019-2026
10. Middle East & Africa Feed Mycotoxin Detoxifiers Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Feed Mycotoxin Detoxifiers Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Feed Mycotoxin Detoxifiers Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Feed Mycotoxin Detoxifiers Market: Market Share Analysis
11.2. Feed Mycotoxin Detoxifiers Distributors and Customers
11.3. Feed Mycotoxin Detoxifiers Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Kemin Industries
11.4.2. Nutrex N.V.
11.4.3. Alltech Inc.
11.4.4. Norel Animal Nutrition
11.4.5. Adisseo (Nutriad))
Methodology
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