DUBLIN--(BUSINESS WIRE)--The "Global Feed Mycotoxin Detoxifiers Market - Growth, Trends and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The Global Feed Mycotoxin Detoxifiers Market was valued at USD 2.184.35 Million in 2018 and is expected to register a CAGR of 3.4% during the forecast period. In 2018, Europe was the largest geographical segment of the market studied and accounted for a share of around 43.2% of the market.
The market growth can be mainly attributed to the expansion of the animal meat market and the subsequent expansion of the compound feed industry. Increased awareness among the farmers about the benefits of mycotoxin detoxifiers is another factor augmenting the growth of the market studied.
Key Market Trends
Expansion of animal meat market
The growth in the Global Mycotoxin Detoxifiers market is primarily because of the expansion of the animal meat market. According to the United States Department of Agriculture, the consumption of animal meat has shown consistent growth from 2016. In 2018, animal meat consumption has witnessed highest of 266,359 thousand metric tons which were 258,513 thousand metric tons in 2015. Increased global meat consumption and rise in health concerns in livestock have made the market to consume a higher quantity of Mycotoxin Detoxifiers
Europe dominates the Global Market
Europe is the largest segment of the feed mycotoxin detoxifiers market and is expected to record a robust growth rate. Owing to the ready availability of raw materials and high effectiveness. Asia Pacific holds huge potential and shows substantial growth in terms of rising meat consumption along with production of local meat, increasing demand for quality food, growing awareness towards food safety, increasing per capita spending on meat related products, and expanding industrialization of animal industry in these regions.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.4 Market Restraints
4.5 Industry attractiveness - Porter's Five Force Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
220.127.116.11 Other Bio-Transformers
5.2 Animal Type
5.2.4 Other Animal Types
5.3.1 North America
18.104.22.168 United States
22.214.171.124 Rest of North America
126.96.36.199 United Kingdom
188.8.131.52 Rest of Europe
5.3.3 Asia Pacific
184.108.40.206 Rest of Asia Pacific
5.3.4 South America
220.127.116.11 Rest of South America
5.3.5 Middle East and Africa
18.104.22.168 Saudi Arabia
22.214.171.124 South Africa
126.96.36.199 Rest of Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Most Adopted Competitor Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Alltech Bio-products Co., Ltd.
6.3.2 AMLAN International
6.3.3 Belgium Impextraco
6.3.4 Biomin Feed Additive (Shanghai) Co., Ltd.
6.3.5 Prince Agri
6.3.6 Kemin Industries, Inc.
6.3.7 Perstorp Performance Additives
6.3.8 Pfizer Animal Health (Zoetis)
6.3.9 Special Nutrients, Inc.
6.3.11 NOREL Animal Nutrition
6.3.12 Olmix Group
6.3.13 Micron Bio-systems
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/ezkajk