Asia-Pacific Feed Mycotoxin Detoxifiers Market Size
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 699.73 Million |
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Market Size (2029) | USD 892.19 Million |
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Largest Share by Sub Additive | Binders |
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CAGR (2024 - 2029) | 4.98 % |
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Largest Share by Country | China |
Major Players |
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*Disclaimer: Major Players sorted in alphabetical order. |
Asia-Pacific Feed Mycotoxin Detoxifiers Market Analysis
The Asia-Pacific Feed Mycotoxin Detoxifiers Market size is estimated at 699.73 million USD in 2024, and is expected to reach 892.19 million USD by 2029, growing at a CAGR of 4.98% during the forecast period (2024-2029).
699.73 Million
Market Size in 2024 (USD)
892.19 Million
Market Size in 2029 (USD)
7.26 %
CAGR (2017-2023)
4.98 %
CAGR (2024-2029)
Largest Market by Sub-Additive
66.17 %
value share, Binders, 2023
Binders is the largest market segment as they help prevent diseases and neurological disorders, thus gaining prevalence as a good prevention strategy.
Largest Market by Country
44.19 %
value share, China, 2023
China is the largest country because of import policy changes of feed and feed additives, increased kg/person meat consumption, and high feed production.
Fastest-growing Market by Sub-Additive
5 %
Projected CAGR, Biotransformers, 2024-2029
Biotransformers is the fastest-growing segment in the market due to increased awareness about preventing mycotoxin absorption and preserving nutritional properties.
Fastest-growing Market by Country
5.80 %
Projected CAGR, Thailand, 2024-2029
Thailand is the fastest-growing country in the market due to the growth in the livestock population, increase in feed production, and increase in meat consumption.
Leading Market Player
10.03 %
market share, DSM Nutritional Products AG, 2022
DSM Nutritional Products AG is the market leader because it invested in developing new products and acquired Biomin Holding to expand its product portfolio.
- In 2022, the Asia-Pacific feed additives market witnessed a 6.1% share of mycotoxin detoxifiers, with binders accounting for a significant 4.1% share, and biotransformers, a 2.1% share in terms of value. Mycotoxin detoxifiers are primarily required in animal nutrition to prevent diseases, and binders emerged as a major requirement. China leads the market in the Asia-Pacific region for feed mycotoxin detoxifiers, holding a 44.2% share in terms of value, which was attributed to its higher feed production of 243.2 million metric tons in 2022, with a 20.1% increase from 2017 to 2022.
- Among animal types, poultry held the most significant share in the Asia-Pacific feed mycotoxin detoxifiers market, accounting for 47.3% of the overall market value in 2022, with an expected CAGR of 5.6% during the forecast period (2023-2029). This growth is due to the increased headcount of poultry by 6.5% from 2017 to 2022.
- The binder segment, valued at USD 421.3 million in 2022, is highly consumed in mycotoxin detoxifiers due to its ability to prevent mycotoxins from entering the animal's bloodstream and preventing diseases and neurological disorders. It is projected to register a CAGR of 4.9% during the forecast period (2023-2029). Biotransformers accounted for USD 214.5 million in 2022.
- The Asia-Pacific feed mycotoxin detoxifiers market is expected to register a CAGR of 5.0% during the forecast period, mainly due to the potential risks of mycotoxins damaging the feed content and the consistently increasing population in the region, which has pushed the mycotoxin detoxifier market toward the expansion phase.
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- The feed mycotoxin detoxifiers market in the Asia-Pacific region is dominated by three countries, which include China, India, and Japan. Together, these countries held about 59.3% of the market share value in 2022 in the region.
- China, with a market value of USD 281.4 million in 2022, is the largest feed mycotoxin detoxifier consumer in the region due to the country's high livestock and feed production, accounting for 39.7% of the Asia-Pacific poultry population. The market value for feed mycotoxin detoxifiers is expected to increase to USD 394.0 million in 2029, with a CAGR of 4.9% during the forecast period.
- India is the second-largest feed mycotoxin consumer in the region where the poultry segment is dominant, accounting for 66.9% of the market share among all animal types. The market value of poultry increased by 46.6% between 2017 and 2022, owing to a 6.2% increase in the headcount during the same period.
- Japan and Thailand are the fastest-growing countries in the Asia-Pacific feed mycotoxin detoxifiers market, with a CAGR of 5.8% during the forecast period. This trend is due to increased feed production in these countries. For instance, in Japan, the total feed production is expected to increase from 21.9 million metric tons in 2017 to 24.0 million metric tons in 2029.
- Therefore, the Asia-Pacific feed mycotoxin detoxifiers market is anticipated to register a CAGR of 5.0% during the forecast period. This growth is attributed to the increasing demand for meat and dairy products, along with the rising awareness of animal health and the need for managing mycotoxin infection in the commercial animal industry.
Asia-Pacific Feed Mycotoxin Detoxifiers Market Trends
The growing disposable income in developing countries of Asia-Pacific and government support schemes for poultry industry, and China is largest producer of eggs are helping in growth of poultry population in the region
- Asia-Pacific dominates the global agricultural sector, with poultry being the largest segment, which accounted for 42.4% of global poultry production in 2022. This increase in poultry consumption is driven by a rise in popularity, rapid urbanization, and growing disposable incomes in developing countries, such as India and Vietnam, which recorded a 37.3% increase in poultry population in 2021 from 2017.
- In 2021, China, Indonesia, and India held a significant share of the poultry market in the region, with market shares of 39.7%, 25.3%, and 5.7%, respectively. This growth in demand for poultry products can be attributed to the increase in demand for eggs, meat, and government schemes that support the poultry industry. For instance, the Department of Animal Husbandry & Dairy in India is introducing capital fund schemes to support poultry businesses, educating farmers on how to improve their yield quality, which is expected to boost the growth of the market.
- China is the largest producer of eggs in the world, with consumption and production accounting for over 40% of global production. With over 900 million stock-laying hens and the country's largest layer poultry farming center hatching 60 million chicks per year, the country's layer farming recorded significant growth.
- Broiler production in the region is also rapidly increasing due to the increased consumer demand for chicken meat. The Philippines recorded a 2.2% increase in chicken meat production in 2021 from 2017. As such, the region's poultry production is expected to increase further, driven by a shift in consumer preferences toward poultry meat and the rapid development of the poultry industry. This growth in poultry production is expected to lead to an increase in demand for feed additives.
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Improvement in fish farming technologies, expansion in number of feed mills and Indian government initiatives are helping in increasing the aquaculture feed production
- Asia-Pacific is a major player in the global aquaculture feed production market, with fish and shrimp being the primary products. In 2021, the region produced 37.6 million metric tons of aquaculture feed, which accounted for 8.7% of the region's total feed production. Several countries in the region are focusing on expanding their aquaculture production and intensification through technological advancement and increased use of feed to meet the increasing demand.
- India increased its budget allocation to the Department of Fisheries to boost production. Fish has a significant share of aquaculture feed, which accounted for 31.1 million metric tons in 2022, an increase from 66% compared to 2017. This growth was due to the conversion of agricultural land to aquaculture ponds, the improvement of fish farming technologies, and the intensification of production.
- Shrimp feed production accounted for 4.2% of the aquafeed production in the region in 2022. It is expected to increase rapidly during the forecast period as some countries in the region have started implementing a self-sufficient aquaculture system through several government initiatives to increase the production of certified sustainable seafood.
- China dominates the aquafeed market in the Asia-Pacific region, which accounted for 51.2% of the market share in 2022 due to an increase in the number of feed mills with higher capacities. For instance, AB Agri opened its ninth feed mill in China, a plant with an annual capacity of 240,000 tons. Factors such as an increase in aquaculture production, expansion of aqua farming, and rise in consumption of feed are expected to drive the growth of aquafeed production in the region during the forecast period.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- China has the largest sheep and goats in the region and Asia-Pacific region's ruminants population is growing owing to high profit margins in beef business and surge in demand for milk products
- The high demand for broiler feed, increase in Indonesia's poultry bird population and recovery from avian influenza are increasing the demand for poultry feed production
- Increase in large scale farms in China by 16,000, and introduction of new animal-rearing practices are increasing the swine feed production in the region
- Asia-Pacific is the leading producer of pork meat and changes in food consumption pattern of people with high consumption in South Korea and China are the factors driving the increase in the swine population
- High number of dairy cattle producers, demand for increasing milk yield and government schemes are increasing the demand for nutrient rich ruminant feed
Asia-Pacific Feed Mycotoxin Detoxifiers Industry Overview
The Asia-Pacific Feed Mycotoxin Detoxifiers Market is fragmented, with the top five companies occupying 33.13%. The major players in this market are Adisseo, BASF SE, Cargill Inc., DSM Nutritional Products AG and Land O'Lakes (sorted alphabetically).
Asia-Pacific Feed Mycotoxin Detoxifiers Market Leaders
Adisseo
BASF SE
Cargill Inc.
DSM Nutritional Products AG
Land O'Lakes
Other important companies include Alltech, Inc., Brenntag SE, EW Nutrition, Kemin Industries, SHV (Nutreco NV).
*Disclaimer: Major Players sorted in alphabetical order.
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Asia-Pacific Feed Mycotoxin Detoxifiers Market News
- November 2022: Kemin Industries introduced Toxfin Care, a solution that protects feed from mycotoxins. It strengthens the immune system, protects organs, and prevents loss of performance and productivity.
- January 2022: DSM and CPF have agreed on a Memorandum of Understanding to enhance animal protein production by applying DSM's Intelligent Sustainability Service (Sustell).
- December 2021: Nutreco partnered with the tech start-up Stellapps. This will give accessibility for the company to sell feed products, premixes, and feed additives to three million smallholder farmers using Stellapps’ technology.
Free with this Report
We provide a complimentary and exhaustive set of data points on regional and country-level metrics that present the fundamental structure of the industry. Presented in the form of 35+ free charts, the section covers difficult-to-find data of various regions on feed production through various animal categories such as Ruminants, Poultry, Swine, and Aquaculture.
Asia-Pacific Feed Mycotoxin Detoxifiers Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Animal Headcount
2.1.1. Poultry
2.1.2. Ruminants
2.1.3. Swine
2.2. Feed Production
2.2.1. Aquaculture
2.2.2. Poultry
2.2.3. Ruminants
2.2.4. Swine
2.3. Regulatory Framework
2.3.1. Australia
2.3.2. China
2.3.3. India
2.3.4. Indonesia
2.3.5. Japan
2.3.6. Philippines
2.3.7. South Korea
2.3.8. Thailand
2.3.9. Vietnam
2.4. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
3.1. Sub Additive
3.1.1. Binders
3.1.2. Biotransformers
3.2. Animal
3.2.1. Aquaculture
3.2.1.1. By Sub Animal
3.2.1.1.1. Fish
3.2.1.1.2. Shrimp
3.2.1.1.3. Other Aquaculture Species
3.2.2. Poultry
3.2.2.1. By Sub Animal
3.2.2.1.1. Broiler
3.2.2.1.2. Layer
3.2.2.1.3. Other Poultry Birds
3.2.3. Ruminants
3.2.3.1. By Sub Animal
3.2.3.1.1. Beef Cattle
3.2.3.1.2. Dairy Cattle
3.2.3.1.3. Other Ruminants
3.2.4. Swine
3.2.5. Other Animals
3.3. Country
3.3.1. Australia
3.3.2. China
3.3.3. India
3.3.4. Indonesia
3.3.5. Japan
3.3.6. Philippines
3.3.7. South Korea
3.3.8. Thailand
3.3.9. Vietnam
3.3.10. Rest of Asia-Pacific
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
4.4.1. Adisseo
4.4.2. Alltech, Inc.
4.4.3. BASF SE
4.4.4. Brenntag SE
4.4.5. Cargill Inc.
4.4.6. DSM Nutritional Products AG
4.4.7. EW Nutrition
4.4.8. Kemin Industries
4.4.9. Land O'Lakes
4.4.10. SHV (Nutreco NV)
5. KEY STRATEGIC QUESTIONS FOR FEED ADDITIVE CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Global Market Size and DROs
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- POPULATION OF POULTRY, NUMBER, ASIA-PACIFIC, 2017-2022
- Figure 2:
- POPULATION OF RUMINANTS, NUMBER, ASIA-PACIFIC, 2017-2022
- Figure 3:
- POPULATION OF SWINE, NUMBER, ASIA-PACIFIC, 2017-2022
- Figure 4:
- PRODUCTION VOLUME OF AQUACULTURE FEED, METRIC TON, ASIA-PACIFIC, 2017-2022
- Figure 5:
- PRODUCTION VOLUME OF POULTRY FEED, METRIC TON, ASIA-PACIFIC, 2017-2022
- Figure 6:
- PRODUCTION VOLUME OF RUMINANTS FEED, METRIC TON, ASIA-PACIFIC, 2017-2022
- Figure 7:
- PRODUCTION VOLUME OF SWINE FEED, METRIC TON, ASIA-PACIFIC, 2017-2022
- Figure 8:
- VOLUME OF FEED MYCOTOXIN DETOXIFIERS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 9:
- VALUE OF FEED MYCOTOXIN DETOXIFIERS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 10:
- VOLUME OF FEED MYCOTOXIN DETOXIFIERS BY SUB ADDITIVE CATEGORIES, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 11:
- VALUE OF FEED MYCOTOXIN DETOXIFIERS BY SUB ADDITIVE CATEGORIES, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 12:
- VOLUME SHARE OF FEED MYCOTOXIN DETOXIFIERS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2017,2023 AND 2029
- Figure 13:
- VALUE SHARE OF FEED MYCOTOXIN DETOXIFIERS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2017,2023 AND 2029
- Figure 14:
- VOLUME OF BINDERS FEED MYCOTOXIN DETOXIFIERS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 15:
- VALUE OF BINDERS FEED MYCOTOXIN DETOXIFIERS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 16:
- VALUE SHARE OF BINDERS FEED MYCOTOXIN DETOXIFIERS BY ANIMAL TYPE, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 17:
- VOLUME OF BIOTRANSFORMERS FEED MYCOTOXIN DETOXIFIERS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 18:
- VALUE OF BIOTRANSFORMERS FEED MYCOTOXIN DETOXIFIERS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 19:
- VALUE SHARE OF BIOTRANSFORMERS FEED MYCOTOXIN DETOXIFIERS BY ANIMAL TYPE, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 20:
- VOLUME OF FEED MYCOTOXIN DETOXIFIERS BY ANIMAL TYPE, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 21:
- VALUE OF FEED MYCOTOXIN DETOXIFIERS BY ANIMAL TYPE, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 22:
- VOLUME SHARE OF FEED MYCOTOXIN DETOXIFIERS BY ANIMAL TYPE, %, ASIA-PACIFIC, 2017,2023 AND 2029
- Figure 23:
- VALUE SHARE OF FEED MYCOTOXIN DETOXIFIERS BY ANIMAL TYPE, %, ASIA-PACIFIC, 2017,2023 AND 2029
- Figure 24:
- VOLUME OF AQUACULTURE FEED MYCOTOXIN DETOXIFIERS BY SUB ANIMAL TYPE, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 25:
- VALUE OF AQUACULTURE FEED MYCOTOXIN DETOXIFIERS BY SUB ANIMAL TYPE, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 26:
- VOLUME SHARE OF AQUACULTURE FEED MYCOTOXIN DETOXIFIERS BY SUB ANIMAL TYPE, %, ASIA-PACIFIC, 2017,2023 AND 2029
- Figure 27:
- VALUE SHARE OF AQUACULTURE FEED MYCOTOXIN DETOXIFIERS BY SUB ANIMAL TYPE, %, ASIA-PACIFIC, 2017,2023 AND 2029
- Figure 28:
- VOLUME OF FISH FEED MYCOTOXIN DETOXIFIERS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 29:
- VALUE OF FISH FEED MYCOTOXIN DETOXIFIERS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 30:
- VALUE SHARE OF FISH FEED MYCOTOXIN DETOXIFIERS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 31:
- VOLUME OF SHRIMP FEED MYCOTOXIN DETOXIFIERS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 32:
- VALUE OF SHRIMP FEED MYCOTOXIN DETOXIFIERS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 33:
- VALUE SHARE OF SHRIMP FEED MYCOTOXIN DETOXIFIERS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 34:
- VOLUME OF OTHER AQUACULTURE SPECIES FEED MYCOTOXIN DETOXIFIERS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 35:
- VALUE OF OTHER AQUACULTURE SPECIES FEED MYCOTOXIN DETOXIFIERS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 36:
- VALUE SHARE OF OTHER AQUACULTURE SPECIES FEED MYCOTOXIN DETOXIFIERS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 37:
- VOLUME OF POULTRY FEED MYCOTOXIN DETOXIFIERS BY SUB ANIMAL TYPE, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 38:
- VALUE OF POULTRY FEED MYCOTOXIN DETOXIFIERS BY SUB ANIMAL TYPE, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 39:
- VOLUME SHARE OF POULTRY FEED MYCOTOXIN DETOXIFIERS BY SUB ANIMAL TYPE, %, ASIA-PACIFIC, 2017,2023 AND 2029
- Figure 40:
- VALUE SHARE OF POULTRY FEED MYCOTOXIN DETOXIFIERS BY SUB ANIMAL TYPE, %, ASIA-PACIFIC, 2017,2023 AND 2029
- Figure 41:
- VOLUME OF BROILER FEED MYCOTOXIN DETOXIFIERS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 42:
- VALUE OF BROILER FEED MYCOTOXIN DETOXIFIERS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 43:
- VALUE SHARE OF BROILER FEED MYCOTOXIN DETOXIFIERS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 44:
- VOLUME OF LAYER FEED MYCOTOXIN DETOXIFIERS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 45:
- VALUE OF LAYER FEED MYCOTOXIN DETOXIFIERS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 46:
- VALUE SHARE OF LAYER FEED MYCOTOXIN DETOXIFIERS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 47:
- VOLUME OF OTHER POULTRY BIRDS FEED MYCOTOXIN DETOXIFIERS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 48:
- VALUE OF OTHER POULTRY BIRDS FEED MYCOTOXIN DETOXIFIERS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 49:
- VALUE SHARE OF OTHER POULTRY BIRDS FEED MYCOTOXIN DETOXIFIERS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 50:
- VOLUME OF RUMINANTS FEED MYCOTOXIN DETOXIFIERS BY SUB ANIMAL TYPE, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 51:
- VALUE OF RUMINANTS FEED MYCOTOXIN DETOXIFIERS BY SUB ANIMAL TYPE, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 52:
- VOLUME SHARE OF RUMINANTS FEED MYCOTOXIN DETOXIFIERS BY SUB ANIMAL TYPE, %, ASIA-PACIFIC, 2017,2023 AND 2029
- Figure 53:
- VALUE SHARE OF RUMINANTS FEED MYCOTOXIN DETOXIFIERS BY SUB ANIMAL TYPE, %, ASIA-PACIFIC, 2017,2023 AND 2029
- Figure 54:
- VOLUME OF BEEF CATTLE FEED MYCOTOXIN DETOXIFIERS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 55:
- VALUE OF BEEF CATTLE FEED MYCOTOXIN DETOXIFIERS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 56:
- VALUE SHARE OF BEEF CATTLE FEED MYCOTOXIN DETOXIFIERS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 57:
- VOLUME OF DAIRY CATTLE FEED MYCOTOXIN DETOXIFIERS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 58:
- VALUE OF DAIRY CATTLE FEED MYCOTOXIN DETOXIFIERS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 59:
- VALUE SHARE OF DAIRY CATTLE FEED MYCOTOXIN DETOXIFIERS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 60:
- VOLUME OF OTHER RUMINANTS FEED MYCOTOXIN DETOXIFIERS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 61:
- VALUE OF OTHER RUMINANTS FEED MYCOTOXIN DETOXIFIERS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 62:
- VALUE SHARE OF OTHER RUMINANTS FEED MYCOTOXIN DETOXIFIERS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 63:
- VOLUME OF SWINE FEED MYCOTOXIN DETOXIFIERS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 64:
- VALUE OF SWINE FEED MYCOTOXIN DETOXIFIERS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 65:
- VALUE SHARE OF SWINE FEED MYCOTOXIN DETOXIFIERS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 66:
- VOLUME OF OTHER ANIMALS FEED MYCOTOXIN DETOXIFIERS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 67:
- VALUE OF OTHER ANIMALS FEED MYCOTOXIN DETOXIFIERS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 68:
- VALUE SHARE OF OTHER ANIMALS FEED MYCOTOXIN DETOXIFIERS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 69:
- VOLUME OF FEED MYCOTOXIN DETOXIFIERS BY COUNTRY, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 70:
- VALUE OF FEED MYCOTOXIN DETOXIFIERS BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 71:
- VOLUME SHARE OF FEED MYCOTOXIN DETOXIFIERS BY COUNTRY, %, ASIA-PACIFIC, 2017,2023 AND 2029
- Figure 72:
- VALUE SHARE OF FEED MYCOTOXIN DETOXIFIERS BY COUNTRY, %, ASIA-PACIFIC, 2017,2023 AND 2029
- Figure 73:
- VOLUME OF AUSTRALIA FEED MYCOTOXIN DETOXIFIERS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 74:
- VALUE OF AUSTRALIA FEED MYCOTOXIN DETOXIFIERS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 75:
- VALUE SHARE OF AUSTRALIA FEED MYCOTOXIN DETOXIFIERS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 76:
- VOLUME OF CHINA FEED MYCOTOXIN DETOXIFIERS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 77:
- VALUE OF CHINA FEED MYCOTOXIN DETOXIFIERS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 78:
- VALUE SHARE OF CHINA FEED MYCOTOXIN DETOXIFIERS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 79:
- VOLUME OF INDIA FEED MYCOTOXIN DETOXIFIERS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 80:
- VALUE OF INDIA FEED MYCOTOXIN DETOXIFIERS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 81:
- VALUE SHARE OF INDIA FEED MYCOTOXIN DETOXIFIERS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 82:
- VOLUME OF INDONESIA FEED MYCOTOXIN DETOXIFIERS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 83:
- VALUE OF INDONESIA FEED MYCOTOXIN DETOXIFIERS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 84:
- VALUE SHARE OF INDONESIA FEED MYCOTOXIN DETOXIFIERS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 85:
- VOLUME OF JAPAN FEED MYCOTOXIN DETOXIFIERS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 86:
- VALUE OF JAPAN FEED MYCOTOXIN DETOXIFIERS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 87:
- VALUE SHARE OF JAPAN FEED MYCOTOXIN DETOXIFIERS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 88:
- VOLUME OF PHILIPPINES FEED MYCOTOXIN DETOXIFIERS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 89:
- VALUE OF PHILIPPINES FEED MYCOTOXIN DETOXIFIERS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 90:
- VALUE SHARE OF PHILIPPINES FEED MYCOTOXIN DETOXIFIERS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 91:
- VOLUME OF SOUTH KOREA FEED MYCOTOXIN DETOXIFIERS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 92:
- VALUE OF SOUTH KOREA FEED MYCOTOXIN DETOXIFIERS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 93:
- VALUE SHARE OF SOUTH KOREA FEED MYCOTOXIN DETOXIFIERS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 94:
- VOLUME OF THAILAND FEED MYCOTOXIN DETOXIFIERS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 95:
- VALUE OF THAILAND FEED MYCOTOXIN DETOXIFIERS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 96:
- VALUE SHARE OF THAILAND FEED MYCOTOXIN DETOXIFIERS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 97:
- VOLUME OF VIETNAM FEED MYCOTOXIN DETOXIFIERS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 98:
- VALUE OF VIETNAM FEED MYCOTOXIN DETOXIFIERS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 99:
- VALUE SHARE OF VIETNAM FEED MYCOTOXIN DETOXIFIERS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 100:
- VOLUME OF REST OF ASIA-PACIFIC FEED MYCOTOXIN DETOXIFIERS, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 101:
- VALUE OF REST OF ASIA-PACIFIC FEED MYCOTOXIN DETOXIFIERS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 102:
- VALUE SHARE OF REST OF ASIA-PACIFIC FEED MYCOTOXIN DETOXIFIERS BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 103:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, ASIA-PACIFIC, 2017 - 2023
- Figure 104:
- MOST ADOPTED STRATEGIES, COUNT, ASIA-PACIFIC, 2017 - 2023
- Figure 105:
- VALUE SHARE OF MAJOR PLAYERS, %, ASIA-PACIFIC, 2022
Asia-Pacific Feed Mycotoxin Detoxifiers Industry Segmentation
Binders, Biotransformers are covered as segments by Sub Additive. Aquaculture, Poultry, Ruminants, Swine are covered as segments by Animal. Australia, China, India, Indonesia, Japan, Philippines, South Korea, Thailand, Vietnam are covered as segments by Country.
- In 2022, the Asia-Pacific feed additives market witnessed a 6.1% share of mycotoxin detoxifiers, with binders accounting for a significant 4.1% share, and biotransformers, a 2.1% share in terms of value. Mycotoxin detoxifiers are primarily required in animal nutrition to prevent diseases, and binders emerged as a major requirement. China leads the market in the Asia-Pacific region for feed mycotoxin detoxifiers, holding a 44.2% share in terms of value, which was attributed to its higher feed production of 243.2 million metric tons in 2022, with a 20.1% increase from 2017 to 2022.
- Among animal types, poultry held the most significant share in the Asia-Pacific feed mycotoxin detoxifiers market, accounting for 47.3% of the overall market value in 2022, with an expected CAGR of 5.6% during the forecast period (2023-2029). This growth is due to the increased headcount of poultry by 6.5% from 2017 to 2022.
- The binder segment, valued at USD 421.3 million in 2022, is highly consumed in mycotoxin detoxifiers due to its ability to prevent mycotoxins from entering the animal's bloodstream and preventing diseases and neurological disorders. It is projected to register a CAGR of 4.9% during the forecast period (2023-2029). Biotransformers accounted for USD 214.5 million in 2022.
- The Asia-Pacific feed mycotoxin detoxifiers market is expected to register a CAGR of 5.0% during the forecast period, mainly due to the potential risks of mycotoxins damaging the feed content and the consistently increasing population in the region, which has pushed the mycotoxin detoxifier market toward the expansion phase.
| Sub Additive | |
| Binders | |
| Biotransformers |
| Animal | |||||||
| |||||||
| |||||||
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| Swine | |||||||
| Other Animals |
| Country | |
| Australia | |
| China | |
| India | |
| Indonesia | |
| Japan | |
| Philippines | |
| South Korea | |
| Thailand | |
| Vietnam | |
| Rest of Asia-Pacific |
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Market Definition
- FUNCTIONS - For the study, feed additives are considered to be commercially manufactured products that are used to enhance characteristics such as weight gain, feed conversion ratio, and feed intake when fed in appropriate proportions.
- RESELLERS - Companies engaged in reselling feed additives without value addition have been excluded from the market scope, to avoid double counting.
- END CONSUMERS - Compound feed manufacturers are considered to be end-consumers in the market studied. The scope excludes farmers buying feed additives to be used directly as supplements or premixes.
- INTERNAL COMPANY CONSUMPTION - Companies engaged in the production of compound feed as well as the manufacturing of feed additives are part of the study. However, while estimating the market sizes, the internal consumption of feed additives by such companies has been excluded.
| Keyword | Definition |
|---|---|
| Feed additives | Feed additives are products used in animal nutrition for purposes of improving the quality of feed and the quality of food from animal origin, or to improve the animals’ performance and health. |
| Probiotics | Probiotics are microorganisms introduced into the body for their beneficial qualities. (It maintains or restores beneficial bacteria to the gut). |
| Antibiotics | Antibiotic is a drug that is specifically used to inhibit the growth of bacteria. |
| Prebiotics | A non-digestible food ingredient that promotes the growth of beneficial microorganisms in the intestines. |
| Antioxidants | Antioxidants are compounds that inhibit oxidation, a chemical reaction that produces free radicals. |
| Phytogenics | Phytogenics are a group of natural and non-antibiotic growth promoters derived from herbs, spices, essential oils, and oleoresins. |
| Vitamins | Vitamins are organic compounds, which are required for normal growth and maintenance of the body. |
| Metabolism | A chemical process that occurs within a living organism in order to maintain life. |
| Amino acids | Amino acids are the building blocks of proteins and play an important role in metabolic pathways. |
| Enzymes | Enzyme is a substance that acts as a catalyst to bring about a specific biochemical reaction. |
| Anti-microbial resistance | The ability of a microorganism to resist the effects of an antimicrobial agent. |
| Anti-microbial | Destroying or inhibiting the growth of microorganisms. |
| Osmotic balance | It is a process of maintaining salt and water balance across membranes within the body's fluids. |
| Bacteriocin | Bacteriocins are the toxins produced by bacteria to inhibit the growth of similar or closely related bacterial strains. |
| Biohydrogenation | It is a process that occurs in the rumen of an animal in which bacteria convert unsaturated fatty acids (USFA) to saturated fatty acids (SFA). |
| Oxidative rancidity | It is a reaction of fatty acids with oxygen, which generally causes unpleasant odors in animals. To prevent these, antioxidants were added. |
| Mycotoxicosis | Any condition or disease caused by fungal toxins, mainly due to contamination of animal feed with mycotoxins. |
| Mycotoxins | Mycotoxins are toxin compounds that are naturally produced by certain types of molds (fungi). |
| Feed Probiotics | Microbial feed supplements positively affect gastrointestinal microbial balance. |
| Probiotic yeast | Feed yeast (single-cell fungi) and other fungi used as probiotics. |
| Feed enzymes | They are used to supplement digestive enzymes in an animal’s stomach to break down food. Enzymes also ensure that meat and egg production is improved. |
| Mycotoxin detoxifiers | They are used to prevent fungal growth and to stop any harmful mold from being absorbed in the gut and blood. |
| Feed antibiotics | They are used both for the prevention and treatment of diseases but also for rapid growth and development. |
| Feed antioxidants | They are used to protect the deterioration of other feed nutrients in the feed such as fats, vitamins, pigments, and flavoring agents, thus providing nutrient security to the animals. |
| Feed phytogenics | Phytogenics are natural substances, added to livestock feed to promote growth, aid in digestion, and act as anti-microbial agents. |
| Feed vitamins | They are used to maintain the normal physiological function and normal growth and development of animals. |
| Feed flavors and sweetners | These flavors and sweeteners help to mask tastes and odors during changes in additives or medications and make them ideal for animal diets undergoing transition. |
| Feed acidifiers | Animal feed acidifiers are organic acids incorporated into the feed for nutritional or preservative purposes. Acidifiers enhance congestion and microbiological balance in the alimentary and digestive tracts of livestock. |
| Feed minerals | Feed minerals play an important role in the regular dietary requirements of animal feed. |
| Feed binders | Feed binders are the binding agents used in the manufacture of safe animal feed products. It enhances the taste of food and prolongs the storage period of the feed. |
| Key Terms | Abbreviation |
| LSDV | Lumpy Skin Disease Virus |
| ASF | African Swine Fever |
| GPA | Growth Promoter Antibiotics |
| NSP | Non-Starch Polysaccharides |
| PUFA | Polyunsaturated Fatty Acid |
| Afs | Aflatoxins |
| AGP | Antibiotic Growth Promoters |
| FAO | The Food And Agriculture Organization of the United Nations |
| USDA | The United States Department of Agriculture |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: IDENTIFY KEY VARIABLES: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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