DUBLIN, Apr. 20, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "North America Feed Mycotoxin Detoxifiers Market - Growth, Trends And Forecasts (2016 - 2021)" report to their offering.
North America mycotoxin detoxifiers market is expected to cross $460 million by 2020 with an estimated CAGR of 3.3%.
Feed mycotoxin detoxifiers are used to degrade the toxic substances into non-toxic substances or to reduce the exposure of mycotoxins in feed and to the animals.The end consumers of feed mycotoxin detoxifiers are compound feed manufacturers, integrators, farmers, home-mixers, livestock and aquaculture industry.
The major growth driver in the markets is strong demand for high quality meat from meat processing industry. The market is mature and focused on innovations. The increased meat consumption in Mexico is expected to drive the market in the region during the forecast period and Canada is a potential market. Stringent approval systems in place by the US govt. on the mycotoxin detoxifiers are making it difficult for manufacturing and marketing new products.
Among animal type application segment, poultry and swine feed are the largest segments in the mycotoxin detoxifiers market where as aquaculture and pet food are the fastest growing segment. Global trends are repeated in terms of market shares of the Subtypes in the region.
North America is a crucial market for both the production and consumption of global mycotoxin detoxifiers. The US holds around 71% of the market share followed by Mexico and Canada. Rise in awareness of the product efficiency and considerable increase in the product quality have kept the market demand afloat.
As the region is a matured market for mycotoxin detoxifier consumption, innovations and product line expansion are taken up as long-term strategies by major companies. Pfizer, Amlan, Alltech, and Special Nutrients are a few major players in the region.
Key Topics Covered:
1.1 Research Methodology
1.1.1 Market Definition
1.1.2 Report Description
2. KEY FINDINGS OF THE STUDY
3. MARKET OVERVIEW
3.2 Market Dynamics
18.104.22.168 Better standard of living & Increase in preference
22.214.171.124 Industrialization of meat production
126.96.36.199 Expansion of animal derived products' market
188.8.131.52 Increasing consumer awareness regarding animal nutrition
184.108.40.206 Livestock disease outbreak fuelling additives market
220.127.116.11 Regulatory structure & Intervention
18.104.22.168 Unavailability of raw materials
22.214.171.124 Increasing demand in Asian & Latino regions fuelling exports
126.96.36.199 Rise in the cost of natural feeds
3.3 Porter's Five Forces Analysis
3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Buyers
3.3.3 Threat of New Entrants
3.3.4 Threat of Substitute Products and Services
3.3.5 Degree of Competition
4. MARKET SEGMENTATION
4.1 Mycotoxin Detoxifiers
4.1.1 Mycotoxin Detoxifiers Market, by type
4.1.2 Mycotoxin Detoxifiers Market, by Animal Type
4.2 By Animal type
4.2.5 Pet Food
4.3 By Geography
5. Competitive Landscape - Feed Additives
5.1 Market Share Analysis
5.2 New Product Launches
5.3 Mergers & Acquisitions
5.4 Joint Ventures
5.5 Most active companies in the past five years
6. Company Profiles
6.1 Alltech Bio-products Co., Ltd.
6.2 AMLAN International
6.3 Bayer Co., Ltd.
6.4 Belgium Impextraco
6.5 Biomin Feed Additive (Shanghai) Co., Ltd.
6.7 Kemin Industries, Inc .
6.8 Omega Biotech Shanghai Co., Ltd.
6.9 Pfizer Animal Health (Zoetis)
6.10 Special Nutrients, Inc., USA.
For more information about this report visit http://www.researchandmarkets.com/research/jl4lv9/north_america
Research and Markets
Laura Wood, Senior Manager
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SOURCE Research and Markets