North America Feed Mycotoxin Detoxifiers Market

North America Feed Mycotoxin Detoxifiers Market (2023 to 2028)

The North American feed mycotoxin detoxifiers market is expected to be valued at USD 576.23 million in 2023 and is estimated to be growing at a CAGR of 3.3%, reaching USD 677.79 million by 2028.

The North American feed mycotoxin detoxifiers market is developing at a significant rate due to the increase in the livestock population's consumption of meat as a source of protein. Mycotoxin detoxifiers, when used in animal feed, prevent the contamination of feed by mycotoxins, which are a collective group of natural chemicals (toxic secondary metabolites) that are produced by certain molds. These various mycotoxins contaminate the animal feed and negatively affect animals. These negative effects could range from problems related to reproduction and organ damage (liver/kidney) to a greater susceptibility to infectious diseases in animals. They can also affect the performance of these animals. To protect these animals from these negative effects, mycotoxin detoxifiers are used in animal fodder. They are specific for each mycotoxin and are required to be supplemented in animal feed to counter the adverse effects of mycotoxins.

The growth of the North American feed mycotoxin detoxifiers market is majorly driven by factors such as demand for low-cost meat with superior nutritional value, a better understanding of the usage of mycotoxin detoxifiers among farmers, and the ecological impact of the meat and dairy industry. Technological innovations also play a crucial role in the advancement of this industry.

Although this market has quite a few substantial drivers, it is still restrained by a few factors, such as the need for specific inactivators for different mycotoxins and the environmental concerns related to inorganic absorbents.

REPORT COVERAGE:

This market research report on the North American feed mycotoxin detoxifiers market is segmented and sub-segmented into the following categories.

North America Feed Mycotoxin Detoxifiers Market - By Type:

• Binders
  • Bentonite
  • Clays
  • Others
• Bio transformers
  • Enzymes
  • Yeasts
  • Others

North America Feed Mycotoxin Detoxifiers Market - By Animal:

• Ruminant
• Poultry
• Wine
• Aquaculture
• Pets
• Horses
• Others

In this category, the poultry segment leads the North America Feed Mycotoxin Detoxifiers market.

North America Feed Mycotoxin Detoxifiers Market – By Country:

• The U.S.
• Canada
• Rest of North America

The USA leads the market in this region. The poultry segment is developing as a leading livestock segment for the consumption of feed additives, trailed by swine and cattle, because of the increase in demand for poultry meat consumer taste predilections. Hence, prevention of contamination of animal feed is vital.

KEY MARKET PLAYERS:

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, Adisseo France SAS. Are some of the major key players involved in the North American feed mycotoxin detoxifier market.