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Asia-Pacific Feed Mycotoxin Detoxifiers Market - Growth, Trends and Forecasts (2017 - 2022)

Asia pacific mycotoxin detoxifiers market is expected to cross $649 million by 2020 with an estimated CAGR of 3.7%. 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 growth in feed additive industry like mycotoxin detoxifier is largely fuelled by increasing meat consumption and rising concerns over its quality and safety due to harmful effects of mycotoxin on animal and human health. Industrialization of livestock industry and preference for animal derived products are further helping the market to grow substantially. The main obstacle in the growth of feed mycotoxin detoxifiers market is the price volatility associated with feed raw materials. By type, the market is segmented into two broad categories of binders and biotransformers which are again sub-segmented; binders are the most widely used mycotoxin detoxifiers in the region. The report has been segmented on the basis of feed mycotoxin detoxifiers consumption in different livestock. It includes swine, ruminants, poultry, aquatic animals and others. It is identified that the poultry market has the largest market share of 39% as the adoption of intensive farming system in poultry segment is more than any other livestock segment. China, India, Japan, Thailand, and Australia are major markets for mycotoxin detoxifiers in the region. Subsidies on meat exports in countries like India are driving the manufacturers to increase meat production thereby fuelling the growth of markets. Countries such as Indonesia, Vietnam, and Malaysia are also promising markets in the region. Asia-Pacific is the fastest growing market globally, which is why global players are trying to capture the region market currently. Bayer and Nutreco N.V., Alltech Bio-products Co., Ltd. and Biomin Feed Additive (Shanghai) Co., Ltd. are some of the most active companies in the region. Many global players are acquiring local, small players as a strategic move in order to capture market share in the region. Key Deliverables in the Study Market analysis for the Asia-Pacific Feed Mycotoxin Detoxifiers Market, with region specific assessments and competition analysis on global and regional scales Market definition along with the identification of key drivers and restraints Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale Extensively researched competitive landscape section with profiles of major companies along with their market shares Identification and analysis of the macro and micro factors that affect the Asia-Pacific Feed Mycotoxin Detoxifiers market on both global and regional scales A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

Published By: Mordor Intelligence
Published Date: Q2 2016

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