Global Feed Mycotoxin Detoxifiers Market - Growth, Trends & Forecasts (2017-2022)

Research and Markets has announced the addition of the "Global Feed Mycotoxin Detoxifiers Market - Growth, Trends and Forecasts (2017 - 2022)" report to their offering.

The global feed mycotoxin detoxifiers market was estimated at a value of USD 1967.8 million in 2016. It is projected to reach USD 2341.8 million by 2021, at a CAGR of 3.5% during the forecast period from 2017 to 2022. Mycotoxin detoxifiers, when used in animal feed, prevent the contamination of feed by mycotoxins, which are a collective group of natural chemicals (toxic secondary metabolite) 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.

This market is driven by various factors, such as the increase in the demand of good quality meat by the masses all over the world, raising awareness pertaining to the usage of mycotoxins detoxifiers among farmers, and a greater emphasis on the reduction of animal fodder wastage. Additionally, the industrialization of the livestock industry also acts as a major driver for this market. 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. In addition to these, the competition for raw materials with other industries and the price volatility of agro-commodities also restrain the growth of this market.

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