Asia-Pacific Feed Mycotoxin Detoxifiers Market Size

Statistics for the 2023 & 2024 Asia-Pacific Feed Mycotoxin Detoxifiers market size, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Feed Mycotoxin Detoxifiers size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

INSTANT ACCESS

Market Size of asia-pacific feed mycotoxin detoxifiers Industry

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:
Asia-Pacific Feed Mycotoxin Detoxifiers Market Summary
share button
Icons Lable Value
https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2029
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 699.73 Million
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2029) USD 892.19 Million
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Sub Additive Binders
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2029) 4.98 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Country China

Major Players

major-player-company-image

*Disclaimer: Major Players sorted in no particular order

Key Players

WHY BUY FROM US?

1. CRISP & INSIGHTFUL
2. TRUE BOTTOM-UP
3. EXHAUSTIVENESS
4. TRANSPARENCY
5. CONVENIENCE

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

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).

share button

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

Icon image

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

Icon image

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

Icon image

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

Icon image

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

Icon image

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.
Asia-Pacific Feed Mycotoxin Detoxifiers Market
  • 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 SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029