Feed Mycotoxin Detoxifiers Market by Type (binders-bentonite, clays, and others, bio transformers-enzymes, yeasts, and others), by Animal category (ruminant, poultry, swine, aquaculture, pets, horses, and others), and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)
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According to the report "Global Feed Mycotoxin Detoxifiers Market ", published by Market Data Forecast, the global market is projected to reach USD 2.27 billion by 2021, at a CAGR of 3.60% from 2016 to 2021.
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The global Feed Mycotoxin Detoxifiers market is developing at a significant rate due to the increase in the livestock population for meat consumption as a source of protein. Feed Mycotoxin Detoxifiers are vital in animal nutrition, as they prevent the contamination of the animal feed, and thereby enrich the animals’ performance and health.
They also subsequently enhance the yield and quality of food from animal origin.
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Mycotoxin detoxifiers, when used in animal feed, prevent the contamination of feed by mycotoxins, which are a collective group of natural chemicals that are produced by certain moulds. These various mycotoxins contaminate the animal feed and negatively affect the animals
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Agriculture is a sector with enormous innovations and developments combining with the technology. Rise in global meat consumption, a better understanding of the usage of mycotoxins detoxifiers among farmers, technological innovations in the industry, and the ecological impact of the meat and dairy industry are the key drivers for the growth of the global Feed Mycotoxin detoxifiers market.
Another major factor driving the growth of the market is the demand for low-cost meat with superior nutritional value throughout the globe.
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The Feed Mycotoxin Detoxifiers is segmented as follows:
Based on Type:
- Bio Transformers
Based on Animal category:
The major companies operating in the global Feed Mycotoxin detoxifiers market are BASF SE, Cargill, Inc., Alltech, Inc., Novozymes A/S, Chr. Hansen Holding A/S, Archer Daniels Midland Company, Charoen Pokphand Foods Public Company Limited, Nutreco N.V., Evonik Industries AG, and Adisseo France SAS.
The Feed Mycotoxin Detoxifiers Market study offers the following deliverables:
- Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
- Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
- Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
- A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
- Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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