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The feed mycotoxin detoxifiers market share is expected to increase by 1220.86 thousand tons from 2021 to 2026, and the market's growth momentum will decelerate at a CAGR of 5.96%.
This feed mycotoxin detoxifiers market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers feed mycotoxin detoxifiers market segmentation by type (broilers, pigs, beef, and others) and geography (APAC, North America, South America, Europe, and MEA). The feed mycotoxin detoxifiers market report also offers information on several market vendors, including Alltech Inc., Bluestar Adisseo Co., Impextraco NV, Kemin Industries Inc., Koninklijke DSM NV, Norel SA, Olmix SA, Perstorp Holding AB, Special Nutrients Inc., and Volac International Ltd. among others.
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The increasing consumption of animal-based products is notably driving the feed mycotoxin detoxifiers market growth, although factors such as growing consumer inclination towards vegan lifestyle may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the feed mycotoxin detoxifiers industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Feed Mycotoxin Detoxifiers Market Driver
One of the key factors driving growth in the feed mycotoxin detoxifiers market is the increasing consumption of animal-based products. The growth in demand for feed mycotoxin detoxifiers is partly due to the increased need for animal-based goods. For example, in 2020, Canada produced chicken and egg products worth $4.9 billion, accounting for 6.8% of agricultural revenue earnings. Also, commercial chicken and turkey meat output in Canada was 1.43 billion kilos. Furthermore, Canada sold approximately 10.9 million chicks and poults to 36 nations for a total of $40.4 million. The largest market was the United States, which accounted for 89% of exports. China, Nepal, Turkey, the United Arab Emirates, and Sri Lanka were among the other countries represented. As a result, demand is increasing. Similarly, poultry is the most developed animal feed livestock subsector in Mexico, owing to the significant demand for chicken. Thus, the increase in demand for animal-based products has led to a rise in the consumption of animal feed products, which, in turn, is fueling the demand for feed mycotoxin detoxifiers.
Key Feed Mycotoxin Detoxifiers Market Trend
The increasing demand for protein-rich snacks is another factor supporting the feed mycotoxin detoxifiers market share growth. Players in the market are highlighting the protein content in their product offerings to convince consumers. They are also shifting the focus of their marketing strategies and projecting their offerings as healthy protein snacks. The increasing demand for protein-rich snacks among millennials and the convenience offered by meat snacks, such as on-the-go consumption, will make meat snacks a popular option among millennials. This increase in demand for meat will, in turn, have a positive impact on the feed mycotoxin detoxifiers to produce healthy meat. Due to this, we can expect to see positive growth during the forecast period
Key Feed Mycotoxin Detoxifiers Market Challenge
The growing consumer inclination towards a vegan lifestyle will be a major challenge for the feed mycotoxin detoxifiers market during the forecast period. Vegan food is considered a healthy diet option. Vegan foods comprise plant-based food products that are made from fruits and vegetables. They omit dairy, meat, and egg products. Hence, the requirement for meat and animal-based products will decrease to meet the growing demand for the vegan population. Veganism is also growing among the young population, owing to health and food safety concerns associated with animal-based food products. The growing consumer inclination toward such diets led to an increase in the adoption of vegan diets across various countries such as the US and the UK in 2021. Other factors that encourage consumers to shift toward a vegan diet are growing focus on animal welfare, health issues associated with meat consumption, increased focus on weight management, and concerns of antibiotic use in animals. The growth in the vegan diet population has a negative impact on poultry. Thus, we can expect to see a negative impact on the market.
This feed mycotoxin detoxifiers market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global feed mycotoxin detoxifiers market as a part of the global commodity chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the feed mycotoxin detoxifiers market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the feed mycotoxin detoxifiers market encompasses successful business strategies deployed by the key vendors. The feed mycotoxin detoxifiers market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Alltech Inc - The company offers feed mycotoxin detoxifiers products such as Mycosorb A+.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The feed mycotoxin detoxifiers market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the feed mycotoxin detoxifiers market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the commodity chemicals market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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29% of the market's growth will originate from North America during the forecast period. The US is the key market for feed mycotoxin detoxifiers in North America. Market growth in this region will be slower than the growth of the market in the European, South American, and MEA regions.
The rising demand for animal products, which has prompted considerable adjustments on the supply side, with the goal of boosting livestock product outputs will facilitate the growth of the feed mycotoxin detoxifiers in North America. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
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The feed mycotoxin detoxifiers market share growth by the broiler segment will be significant during the forecast period. Broiler chickens are among the most intensively farmed animals on the planet. Broiler chickens are grown in huge, open buildings known as houses, where they may wander, explore, eat, and interact with other chickens. Vaccinations are provided through spraying or injection and then transferred to a grow-out facility. Mycotoxins can have far-reaching consequences in poultry, such as reducing gastrointestinal integrity, immunity, which makes the broilers susceptible to infectious diseases, and makes them ineffective towards vaccination which deteriorates the performance in broilers, and results in economic losses. As a result, employing post-harvest control measures such as adding mycotoxin detoxifying agents is a common mycotoxin mitigation method
This report provides an accurate prediction of the contribution of all the segments to the growth of the feed mycotoxin detoxifiers market size and actionable market insights on post COVID-19 impact on each segment.
Feed Mycotoxin Detoxifiers Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Decelerate at a CAGR of 5.96% |
Market growth 2022-2026 |
1220.86 th tons |
Market structure |
Fragmented |
YoY growth (%) |
6.43 |
Regional analysis |
APAC, North America, South America, Europe, and MEA |
Performing market contribution |
North America at 29% |
Key consumer countries |
US, China, Brazil, Mexico, and Russian Federation |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Alltech Inc., Bluestar Adisseo Co., Impextraco NV, Kemin Industries Inc., Koninklijke DSM NV, Norel SA, Olmix SA, Perstorp Holding AB, Special Nutrients Inc., and Volac International Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
***1. Executive Summary
**1.1 Market Overview
*Exhibit 01: Key Finding 1
*Exhibit 02: Key Finding 2
*Exhibit 03: Key Finding 3
*Exhibit 04: Key Finding 5
*Exhibit 05: Key Finding 6
*Exhibit 06: Key Finding 7
*Exhibit 07: Key Finding 8
***2. Market Landscape
**2.1 Market ecosystem
*Exhibit 08 Parent market
*Exhibit 09: Market characteristics
**2.2 Value Chain Analysis
*Exhibit 10: Value Chain Analysis: Commodity chemicals
*2.2.1 Inputs
*2.2.2 Inbound logistics
*2.2.3 Operations
*2.2.4 Outbound logistics
*2.2.5 Marketing and sales
*2.2.6 Support activities
*Innovations
***3. Market Sizing
**3.1 Market definition
*Exhibit 11: Offerings of vendors included in the market definition
**3.2 Market segment analysis
*Exhibit 12: Market segments
**3.3 Market size 2021
**3.4 Market outlook: Forecast for 2021 - 2026
*3.4.1Estimating growth rates for emerging and high-growth markets
*3.4.2Estimating growth rates for mature markets
*Exhibit 13: Global - Market size and forecast 2021 - 2026 (thousand tons)
*Exhibit 14: Global market: Year-over-year growth 2021 - 2026 (%)
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 15: Five forces analysis 2021 & 2026
**4.2 Bargaining power of buyers
*Exhibit 16: Bargaining power of the buyer
**4.3 Bargaining power of suppliers
*Exhibit 17: Bargaining power of the supplier
**4.4 Threat of new entrants
*Exhibit 18: Threat of new entrants
**4.5 Threat of substitutes
*Exhibit 19: Threat of substitutes
**4.6 Threat of rivalry
*Exhibit 20: Threat of rivalry
**4.7 Market condition
*Exhibit 21: Market condition - Five forces 2021
***5. Market Segmentation by Type
**5.1 Market segments
*Exhibit 22: Type- Market share 2021-2026 (%)
**5.2 Comparison by Type
*Exhibit 23: Comparison by Type
**5.3 Broilers - Market size and forecast 2021-2026
*Exhibit 24: Broilers - Market size and forecast 2021-2026 (thousand tons)
*Exhibit 25: Broilers - Year-over-year growth 2021-2026 (%)
**5.4 Pigs - Market size and forecast 2021-2026
*Exhibit 26: Pigs - Market size and forecast 2021-2026 (thousand tons)
*Exhibit 27: Pigs - Year-over-year growth 2021-2026 (%)
**5.5 Beef - Market size and forecast 2021-2026
*Exhibit 28: Beef - Market size and forecast 2021-2026 (thousand tons)
*Exhibit 29: Beef - Year-over-year growth 2021-2026 (%)
**5.6 Others - Market size and forecast 2021-2026
*Exhibit 30: Others - Market size and forecast 2021-2026 (thousand tons)
*Exhibit 31: Others - Market size and forecast 2021-2026 (thousand tons)
**5.7 Market opportunity by Type
*Exhibit 32: Market opportunity by Type
***6. Customer landscape
*Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
**6.1 Overview
*Exhibit 33: Customer landscape
***7. Geographic Landscape
**7.1 Geographic segmentation
*Exhibit 34: Market share by geography 2021-2026 (%)
**7.2 Geographic comparison
*Exhibit 35: Geographic comparison
**7.3 APAC - Market size and forecast 2021-2026
*Exhibit 36: APAC - Market size and forecast 2021-2026 (thousand tons)
*Exhibit 37: APAC - Year-over-year growth 2021-2026 (%)
**7.4 North America - Market size and forecast 2021-2026
*Exhibit 38: North America - Market size and forecast 2021-2026 (thousand tons)
*Exhibit 39: North America - Year-over-year growth 2021-2026 (%)
**7.5 South America - Market size and forecast 2021-2026
*Exhibit 40: South America - Market size and forecast 2021-2026 (thousand tons)
*Exhibit 41: South America - Year-over-year growth 2021-2026 (%)
**7.6 Europe- Market size and forecast 2021-2026
*Exhibit 42: Europe - Market size and forecast 2021-2026 (thousand tons)
*Exhibit 43: Europe - Year-over-year growth 2021-2026 (%)
**7.7 MEA - Market size and forecast 2021-2026
*Exhibit 44: MEA - Market size and forecast 2021-2026 (thousand tons)
*Exhibit 45: MEA- Year-over-year growth 2021-2026 (%)
**7.8 Key leading countries
*Exhibit 46: Key leading countries
**7.9 Market opportunity by geography
*Exhibit 47: Market opportunity by geography (thousand tons)
***8. Drivers, Challenges, and Trends
**8.1 Market drivers
*8.1.1 Increasing consumption of animal-based products
*8.1.2 Increase in adoption of online distribution channels
*8.1.3 Increase in investments for research and development of nutritious feed by the feed manufacturers
**8.2 Market challenges
*8.2.1 Growing consumer inclination towards vegan lifestyle
*8.2.2 Impact of inorganic absorbents on environment
*8.2.3 Stringent government regulations
*Exhibit 48: Impact of drivers and challenges
**8.3 Market trends
*8.3.1 Increasing demand for protein-rich snacks
*8.3.2 Expansion in the retail landscape for meat products
*8.3.3 Innovative packaging by vendors to increase meat consumption
***9. Vendor Landscape
**9.1 Overview
*Exhibit 49: Vendor landscape
**9.2 Landscape disruption
*Exhibit 50: Landscape disruption
*Exhibit 51: Industry Risk
***10. Vendor Analysis
**10.1 Vendors covered
*Exhibit 52: Vendors covered
**10.2 Market positioning of vendors
*Exhibit 53: ?Market positioning of vendors?
**10.3 Alltech Inc.
*Exhibit 54: Alltech Inc. - Overview
*Exhibit 55: Alltech Inc. - Product and service
*Exhibit 56: Alltech Inc. - Key offerings
**10.4 Bluestar Adisseo Co.
*Exhibit 57: Bluestar Adisseo Co. - Overview
*Exhibit 58: Bluestar Adisseo Co. - Product and service
*Exhibit 59: Bluestar Adisseo Co.- Key news
*Exhibit 60: Bluestar Adisseo Co. - Key offerings
**10.5 Impextraco NV
*Exhibit 61: Impextraco NV - Overview
*Exhibit 62: Impextraco NV - Product and service
*Exhibit 63: Impextraco NV - Key offerings
**10.6 Kemin Industries Inc.
*Exhibit 64: Kemin Industries Inc. - Overview
*Exhibit 65: Kemin Industries Inc. - Product and service
*Exhibit 66: Kemin Industries Inc. - Key offerings
**10.7 Koninklijke DSM NV
*Exhibit 67: Koninklijke DSM NV - Overview
*Exhibit 68: Koninklijke DSM NV - Business segments
*Exhibit 69: Koninklijke DSM NV-Key news
*Exhibit 70: Koninklijke DSM NV - Key offerings
*Exhibit 71: Koninklijke DSM NV - Segment focus
**10.8 Norel SA
*Exhibit 72: Norel SA - Overview
*Exhibit 73: Norel SA - Product and service
*Exhibit 74: Norel SA - Key offerings
**10.9 Olmix SA
*Exhibit 75: Olmix SA - Overview
*Exhibit 76: Olmix SA - Product and service
*Exhibit 77: Olmix SA - Key offerings
**10.10 Perstorp Holding AB
*Exhibit 78: Perstorp Holding AB - Overview
*Exhibit 79: Perstorp Holding AB - Business segments
*Exhibit 80: Perstorp Holding AB - Key offerings
*Exhibit 81: Perstorp Holding AB - Segment focus
**10.11 Special Nutrients Inc.
*Exhibit 82: Special Nutrients Inc. - Overview
*Exhibit 83: Special Nutrients Inc. - Product and service
*Exhibit 84: Special Nutrients Inc. - Key offerings
**10.12 Volac International Ltd.
*Exhibit 85: Volac International Ltd. - Overview
*Exhibit 86: Volac International Ltd. - Product and service
*Exhibit 87: Volac International Ltd. - Key offerings
***11. Appendix
**11.1 Scope of the report
*11.1.1 ????Market definition
*11.1.2 ????Objectives
*11.1.3 ????Notes and caveats
**11.2 Currency conversion rates for US$
*Exhibit 88: ?Currency conversion rates for US$?
**11.3 Research Methodology
*Exhibit 89: ?Research Methodology
*Exhibit 90: ??Validation techniques employed for market sizing?
*Exhibit 91: ??Information sources
**11.4 List of abbreviations
*Exhibit 92: List of abbreviations
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