Mycotoxin Detoxifiers Market Size, Share and Global Trend By Product Type (Mycotoxin-Absorbing Agents, Mycotoxin Bio-transforming Agents), By Animal Type (Livestock, Companion), By Distribution Channel (Pet Shops, Retail Shops, Online Stores), Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
There are numerous species of molds and hundreds of identified mycotoxins in the world. Mycotoxins are naturally found toxic compounds that are produced by certain species of fungi. Species that produce mycotoxins include Trichoderma, Fusarium and Stachybotrys. Mycotoxins can affect both animals and humans. Mycotoxins detoxifiers are used in animal feeds for preventing its contamination by mycotoxins. Mycotoxins are prone to enter the food chain through infected crops and livestock feeds. The growing concern for animal safety and active government participation have led to the availability of various mycotoxin detoxifying agents.
Mycotoxins detoxifiers have applications in fodder manufacturing, aquaculture industries, poultry, farming, and others. According to the Biomin World Mycotoxin Survey Report 2018, in Argentina, the average concentration of fumonisins increased from 2,800 ppb in 2017 to 4,762 ppb in 2018. New product introduction such as FUMZYME SOL in 2019 by Biomin, is expected to positively impact global mycotoxin detoxifiers market.
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The rising concern to enhance the livestock feeds, the upsurge in the animal feed safety issues, and active government support for intervention to reduce the episodes of mycotoxin contamination are the primary reasons attributed for the growth in global mycotoxin detoxifiers market. In addition, the development of diagnostic kits for accurate detection of mycotoxins is expected to fuel the global mycotoxin detoxifiers market. For example, in April 2017, Romer Labs, a company under ERBER Group launched AgraQuant, the ELISA test kit for the detection of Aflatoxin M1, a type of mycotoxin.
However, the harmful effects of using inorganic mycotoxin absorbents and the risk of their entry in the food chain are the major factors that can hamper the growth in global mycotoxin detoxifiers market.
Key Players Covered
Some of the major companies that are present in the global mycotoxin detoxifiers market are Erber AG (Biomin), Alltech, Impextraco NV, Micron Bio-Systems, Kemin Industries Inc., Neovia, Olmix Group, Special Nutrients LLC., Nutriad, and other players
SEGMENTATION
SEGMENTATION | DETAILS |
By Product Type | · Mycotoxin-Absorbing Agents · Mycotoxin Bio-transforming Agents |
By Animal Type | · Livestock · Companion |
By Distribution Channel | · Pet Shops · Retail Shops · Online Stores |
By Geography | · North America (USA and Canada) · Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe) · Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific) · Latin America (Brazil, Mexico and Rest of Latin America) · Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa) |
The growth in the livestock segment is likely to propel in the forecast period owing to the volume of use of mycotoxin detoxifiers in animal feeds and active government participation
Key Insights
- Epidemiology of mycotoxin infection – for key countries
- Government Initiatives for prevention of mycotoxin contamination
- Regulatory scenario for key countries
- Key mergers and acquisitions
Regional Analysis
The global mycotoxin detoxifiers market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is expected to dominate the global mycotoxin detoxifiers market in the forecast years due to the emerging government guidelines for the use of mycotoxin additives and continuous government support for mycotoxin contamination reduction. Furthermore, the positive feedback of European Food Safety Authority (EFSA), on the safety and efficacy of Biomin BBSH 797, a mycotoxin bio-transforming additive in 2016, to be used in poultry feeds, is anticipated to augment the mycotoxin detoxifiers market in Europe. The mycotoxin detoxifiers market in North America and Asia Pacific is estimated to grow by 2026, owing to the rising number of mycotoxin contamination and high amounts of meat consumption.
Key Industry Developments
- In March 2019, BIOMIN launched FUMZYME SOL, which is the first water soluble purified enzyme that can be sprayed easily on feed in order to counteract against fumonisins, a group of mycotoxins.
- In March 2015, BIOMIN launched Mycofix 5.0, which is the fifth evolution the company leading brand for mycotoxin detoxification in the Asian Market.
- In April 2017, Romer Labs, a company under ERBER Group launched AgraQuant, an ELISA test kit for the detection of Aflatoxin M1, a type of mycotoxin.
- Ongoing
- 2023
- 2019-2022
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