Asia-Pacific Feed Mycotoxin Detoxifiers Market Size

The Asia-Pacific feed mycotoxin detoxifiers market is projected to experience significant growth, driven by the increasing demand for animal nutrition solutions to prevent diseases caused by mycotoxins. This market expansion is particularly notable in countries like China, India, and Japan, which dominate the region's market share. The poultry segment is expected to lead in market value, reflecting the rising poultry population and feed production. The binder segment, crucial for preventing mycotoxins from affecting animal health, is also a major contributor to the market's growth. Overall, the market's development is fueled by the growing awareness of animal health and the need to manage mycotoxin infections in the commercial animal industry.

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Market Size of asia-pacific feed mycotoxin detoxifiers Industry

Asia-Pacific Feed Mycotoxin Detoxifiers Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 699.73 Million
svg icon Market Size (2029) USD 892.19 Million
svg icon Largest Share by Sub Additive Binders
svg icon CAGR (2024 - 2029) 4.98 %
svg icon Largest Share by Country China

Major Players

Asia-Pacific Feed Mycotoxin Detoxifiers Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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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

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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

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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

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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

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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

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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 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
Aquaculture
By Sub Animal
Fish
Shrimp
Other Aquaculture Species
Poultry
By Sub Animal
Broiler
Layer
Other Poultry Birds
Ruminants
By Sub Animal
Beef Cattle
Dairy Cattle
Other Ruminants
Swine
Other Animals
Country
Australia
China
India
Indonesia
Japan
Philippines
South Korea
Thailand
Vietnam
Rest of Asia-Pacific
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Asia-Pacific Feed Mycotoxin Detoxifiers Market Size Summary

The Asia-Pacific Feed Mycotoxin Detoxifiers Market is poised for significant growth, driven by the increasing demand for animal nutrition solutions to combat mycotoxin-related diseases. This market is characterized by a diverse range of products, including binders and biotransformers, which play crucial roles in preventing mycotoxins from entering the animal bloodstream. China, India, and Japan are the leading countries in this market, with China holding the largest share due to its substantial feed production and poultry population. The poultry segment dominates the market, reflecting the rising consumption of poultry products and the expansion of the poultry industry across the region. The growth in this sector is further supported by government initiatives and advancements in animal husbandry practices.

The market's expansion is also fueled by the increasing awareness of animal health and the need for effective mycotoxin management in the commercial animal industry. The Asia-Pacific region, being a major player in global agricultural and aquaculture feed production, is witnessing a surge in demand for feed additives, including mycotoxin detoxifiers. This trend is bolstered by the rapid urbanization, growing disposable incomes, and shifting consumer preferences towards poultry and aquaculture products. The region's aquafeed market, led by China, is experiencing growth due to the expansion of aqua farming and increased consumption of feed. The market is fragmented, with key players like Adisseo, BASF SE, Cargill Inc., DSM Nutritional Products AG, and Land O'Lakes actively contributing to its development through strategic partnerships and product innovations.

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Asia-Pacific Feed Mycotoxin Detoxifiers Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 1.1 Sub Additive

      1. 1.1.1 Binders

      2. 1.1.2 Biotransformers

    2. 1.2 Animal

      1. 1.2.1 Aquaculture

        1. 1.2.1.1 By Sub Animal

          1. 1.2.1.1.1 Fish

          2. 1.2.1.1.2 Shrimp

          3. 1.2.1.1.3 Other Aquaculture Species

      2. 1.2.2 Poultry

        1. 1.2.2.1 By Sub Animal

          1. 1.2.2.1.1 Broiler

          2. 1.2.2.1.2 Layer

          3. 1.2.2.1.3 Other Poultry Birds

      3. 1.2.3 Ruminants

        1. 1.2.3.1 By Sub Animal

          1. 1.2.3.1.1 Beef Cattle

          2. 1.2.3.1.2 Dairy Cattle

          3. 1.2.3.1.3 Other Ruminants

      4. 1.2.4 Swine

      5. 1.2.5 Other Animals

    3. 1.3 Country

      1. 1.3.1 Australia

      2. 1.3.2 China

      3. 1.3.3 India

      4. 1.3.4 Indonesia

      5. 1.3.5 Japan

      6. 1.3.6 Philippines

      7. 1.3.7 South Korea

      8. 1.3.8 Thailand

      9. 1.3.9 Vietnam

      10. 1.3.10 Rest of Asia-Pacific

Asia-Pacific Feed Mycotoxin Detoxifiers Market Size FAQs

The Asia-Pacific Feed Mycotoxin Detoxifiers Market size is expected to reach USD 699.73 million in 2024 and grow at a CAGR of 4.98% to reach USD 892.19 million by 2029.

In 2024, the Asia-Pacific Feed Mycotoxin Detoxifiers Market size is expected to reach USD 699.73 million.

Asia-pacific Feed Mycotoxin Detoxifiers Market Report Snapshots

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