The potential growth difference for the feed mycotoxin detoxifiers market between 2021 and 2026 is 1220.86 thousand tons. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.
Feed Mycotoxin Detoxifiers Market - Dynamics
- Market Driver - The key factor 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.
- Market Challenges - 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.
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Feed Mycotoxin Detoxifiers Market - Segmentation
The feed mycotoxin detoxifiers market report is segmented by Type (broilers, pigs, beef, and others) and Geography (APAC, North America, South America, Europe, and MEA). Technavio 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 each segment.
View our sample report for additional insights into the contribution of all the segments, and regional opportunities in the report.
Some Companies Mentioned
The feed mycotoxin detoxifiers market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
- Alltech Inc.
- Bluestar Adisseo Co.
- Impextraco NV
- Kemin Industries Inc.
- Koninklijke DSM NV
- Norel SA
- Olmix SA
- Perstorp Holding AB
- Special Nutrients Inc.
- Volac International Ltd.
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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 thousand 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 |
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 future consumer dynamics, market condition analysis for 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. |
Table of Content
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2021
- Market outlook: Forecast for 2021 - 2026
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Type
- Market segments
- Comparison by Type
- Broilers - Market size and forecast 2021-2026
- Pigs - Market size and forecast 2021-2026
- Beef - Market size and forecast 2021-2026
- Others - Market size and forecast 2021-2026
- Market opportunity by Type
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2021-2026
- North America - Market size and forecast 2021-2026
- South America - Market size and forecast 2021-2026
- Europe - Market size and forecast 2021-2026
- MEA - Market size and forecast 2021-2026
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Alltech Inc.
- Bluestar Adisseo Co.
- Impextraco NV
- Kemin Industries Inc.
- Koninklijke DSM NV
- Norel SA
- Olmix SA
- Perstorp Holding AB
- Special Nutrients Inc.
- Volac International Ltd.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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