Feed Mycotoxin Detoxifiers Market is predicted to witness a massive growth Up to 2024

Feed Mycotoxin Detoxifiers Market size is expected to witness a rise in demand owing to increasing end use applications in fodder manufacturing, home mixers, integrators, farming, livestock and aquaculture industry. They are used in degrading process of toxic substances into nontoxic substances or to reduce the presence of these toxins in animal feed. In animal fodders, mycotoxin detoxifiers prevent toxin contamination which may cause various issues in the animals including organ damage (kidney/liver), reduced performance, reproduction difficulties and greater vulnerability to communicable diseases.
These toxins are tiny secondary collective group of natural chemicals called metabolites moulds that can causes severe toxic effect on humans as well as animals which are termed as mycotoxicoses. Major concern of mycotoxins as fodder contamination are effectively removed by detoxifiers. Most of these toxins are applied in various antibiotics and drug development activities owing to its high pharmacological application. Some of these major toxins are fusarium toxins, aflotoxins and ochratoxin.
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Detoxification process is vital to counter direct or indirect effects of these toxins and other drug agents and foster the overall feed mycotoxin detoxifiers market demand. Furthermore, zeolites, bentonite and kaolin are applied as supplements to animal fodders in form of a gut protectant, which is known to be an excellent absorptive resource of heavy metals as well as bacteria. Reduction of bioavailability in livestock fodders by presenting several toxin absorbent agents which decreases its intake among animals is a significant technique for toxic removal.
Feed mycotoxin detoxifiers market is projected to witness high demand owing to enhancement in animal fodder quality, rising requirement for hygienic and toxic free animal products, increasing non-vegetarian food consumption, growing focus on animal healthcare, and increasing awareness about benefits of the product among farmers as fodder additives in livestock. Furthermore, rising focus on decontamination of livestock fodder, safety issues concerning toxins and improving enzymatic deactivation technologies are some of the substantial factors that can propel the feed mycotoxin detoxifiers market demand in near future.
However, harsh environmental effects with the application of inorganic absorbents, limited methods to analyse the occurrence & elimination of toxins among producers and high need for detailed inactivators for these toxins are some of the restraints factor in the growth of product. In addition, high competition with other industries and frequent price fluctuations of agriculture commodities also affect feed mycotoxin detoxifiers market growth.
Among livestock type segment, poultry and swine fodder are main segments in the feed mycotoxin detoxifiers market, in which aquaculture and pet food are the fastest budding segment. Other categories based on type includes ruminant, rodents and other species including dogs, cats and horses. Binders and bio transformers are two major market determinates in product type, bonders having the larger feed mycotoxin detoxifiers market share. Binders are one of the advanced strategies to reduce toxicity in fodder. These are further segmented into clays, bentonite and others. Bio transformers are also further divided into yeasts, enzymes.
North America is leading regional player in the global feed mycotoxin detoxifiers market owing to high preferences for meat & poultry products, presence of major industry players and improved consideration among farmers for use of feed mycotoxin detoxifiers in various fodder additives in the region.
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Asia Pacific is expected to show high potential and extensive growth in terms of increase in food quality demand, meat consumption, and spending on meat related items along with expanding regional industrialization. High disposable income, growing health awareness and changing taste trends in China and India will foster the feed mycotoxin detoxifiers market demand in the near future.
The feed mycotoxin detoxifiers market is highly consolidated due to the presence of several large industries taking up the maximum share market. Some of the key industry players are Bayer, Alltech Bio-Products, Omega Biotech Shanghai, Pfizer Animal Health, Biomin, Amlan International, Evonik Industries, Poortershaven Industrial Minerals, Chr. Hansen Holding. Other prominent players include Kemin Industries, Archer Daniels Midland, Intervet/Schering-Plough, Tesgo International, Belgium Impextraco, Cenzone Tech, Special Nutrients, Adisseo France and Omega Biotech Shanghai.
In March 2017, Archer Daniels Midland expanded its animal nutrition footprint capacity in China with the opening of new fodder premix facility in Xiangtan, central China and another aquaculture fodder manufacturing plant in Nanjinh, eastern China. This strategy has provided company in expansion of its sales in Asia Pacific feed mycotoxin detoxifiers market.
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