Feed Mycotoxin Detoxifiers Market Size

Feed Mycotoxin Detoxifiers Market size was over USD 2.16 billion in 2023 and is anticipated to cross USD 4.12 billion by 2036, witnessing more than 5.1% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of feed mycotoxin detoxifiers is estimated at USD 2.25 billion.

The global feed mycotoxin detoxifiers market is thriving on the back of growing demand for animal feed worldwide and the rising animal feed industry, along with the increasing concern for the ill-effects of health of living organisms affected by the consumption of toxic food, and the rising awareness amongst the end users for the benefits associated with the utilization of mycotoxin detoxifiers. According to the International Feed Industry Federation (IFIF), global compound feed production in the year 2018 constituted to 1.085 billion tonnes annually and the commercial feed manufacturing industry generated an estimated annual turnover of around USD 400 billion.

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of feed mycotoxin detoxifiers is estimated at USD 2.25 billion.

Feed Mycotoxin Detoxifiers Market size was over USD 2.16 billion in 2023 and is anticipated to cross USD 4.12 billion by 2036, witnessing more than 5.1% CAGR during the forecast period i.e., between 2024-2036.

North America industry is likely to dominate majority revenue share by 2036, backed by rising risk level for mycotoxin in livestock feed along with increasing adoption rate of feed mycotoxin detoxifiers in livestock feed in the region.

The major players in the market are Biomin Holding GmbH, Amlan International, Alltech Inc., Impextraco NV, Special Nutrients LLC, Kemin Industries, Inc., Perstorp Holding AB, Adisseo France SAS, Norel S.A., Olmix Group, and others.

Feed Mycotoxin Detoxifiers Market Size