Feed Mycotoxin Detoxifiers Market Size

The feed mycotoxin detoxifiers market is projected to experience growth due to increasing concerns about animal health and the demand for safer animal feed. This market, which is a segment of the global feed additives industry, is significantly influenced by the presence of mycotoxins in animal feed, prompting the use of detoxifiers like binders and transformers. The Asia-Pacific region leads in market share, driven by high livestock production and a growing focus on animal safety, while North America is anticipated to be the fastest-growing region. The expanding feed industry and rising consumption of animal products further contribute to the market's growth trajectory.

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Market Size of feed mycotoxin detoxifiers Industry

Feed Mycotoxin Detoxifiers Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 2.25 Billion
svg icon Market Size (2029) USD 2.86 Billion
svg icon Largest Share by Sub Additive Binders
svg icon CAGR (2024 - 2029) 4.94 %
svg icon Largest Share by Region Asia-Pacific

Major Players

Feed Mycotoxin Detoxifiers Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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Feed Mycotoxin Detoxifiers Market Analysis

The Feed Mycotoxin Detoxifiers Market size is estimated at 2.25 billion USD in 2024, and is expected to reach 2.86 billion USD by 2029, growing at a CAGR of 4.94% during the forecast period (2024-2029).

2.25 Billion

Market Size in 2024 (USD)

2.86 Billion

Market Size in 2029 (USD)

5.05 %

CAGR (2017-2023)

4.94 %

CAGR (2024-2029)

Largest Market by Sub-Additive

66.94 %

value share, Binders, 2023

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Binders have the largest share as they bind the harmful mycotoxins and provide resistance against animal diseases by resisting toxins from entering the bloodstream.

Largest Market by Region

31.13 %

value share, Asia-Pacific, 2023

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Asia-Pacific is the largest region in the market due to increasing demand for livestock products, and growing concern for animal safety led to increased consumption.

Fastest-growing Market by Sub-Additive

4.95 %

Projected CAGR, Biotransformers, 2024-2029

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Biotransformers are the fastest-growing segment in the market due to increased awareness of preventing mycotoxin absorption and preserving nutritional properties.

Fastest-growing Market by Region

5.81 %

Projected CAGR, North America, 2024-2029

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Globally, North America has the fastest growing rate due to higher demand for cereal and grains in animal feed, increased demand for beef meat and higher productivity.

Leading Market Player

6.35 %

market share, Cargill Inc., 2022

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Cargill Inc. is the market leader because it expands its business by increasing its innovation centers in the United States and acquiring competitors.

  • In 2022, feed mycotoxin detoxifiers accounted for 6.2% of the global feed additives market in terms of value, as mycotoxins are a type of toxic fungus that can negatively impact animal health and growth when present in animal feed. Therefore, mycotoxin detoxifiers are used to reduce the impact of mycotoxins.
  • The most significant feed mycotoxin detoxifiers are binders, which accounted for a market value of USD 1.4 billion in 2022. Binders are used to prevent toxic materials from entering the bloodstream and causing neurological disorders in animals and are favored for their low cost compared to other types of detoxifiers.
  • As concerns around animal health are growing and animal farmers prefer high-quality feed, both mycotoxin binders and transformers are expected to register a CAGR of 4.9% during the forecast period. Asia-Pacific was the largest market for mycotoxin detoxifiers in 2022, accounting for 31.1% of the market share, followed by North America at 26.1% and Europe at 23.1% due to the higher feed production of 0.5 million metric tons and the larger animal population in the Asia-Pacific region.
  • North America is expected to be the fastest-growing region in the mycotoxin detoxifiers market during the forecast period, with a projected CAGR of 5.8% due to the rising commercial cultivation of animals and concerns around animal health. Due to the usage of detoxifiers in animal feed containing cereals and grains, which are mostly consumed by animals, the global feed mycotoxin detoxifiers market is expected to record a CAGR of 4.9% during 2023-2029.
  • Therefore, the global mycotoxin detoxifier market is expected to grow during the forecast period due to the rising concerns about animal health and the need for safer animal feed.
Global Feed Mycotoxin Detoxifiers Market
  • The global market for feed mycotoxin detoxifiers is largely dominated by the Asia-Pacific region, which accounted for USD 636.7 million in 2022, increasing by more than 45.3% during 2019-2022. The primary reason for this growth is the increasing demand for livestock products and the growing concern for animal safety, which led to increased consumption of these detoxifiers.​
  • The Asia-Pacific market is expected to continue to be the fastest-growing market globally, with a projected CAGR of 5.0% during the forecast period. This growth is due to factors such as increased livestock farming and feed production in the region. In 2022, the region had 17.11 billion animals, accounting for 42.6% of the global share, and feed production stood at 502.7 million metric tons, holding 40.2% of the global share.​
  • China, India, Australia, and Japan are the key drivers of the market in the Asia-Pacific region. North America and Europe are also major regions, accounting for 26.3% and 23.0% of the global market share, respectively. In these regions, animal feed production has increased significantly, particularly in North America, by 30.2% from 215.5 million metric tons in 2017.​
  • The United States and China are the two countries with the largest market share, accounting for 18.3% and 13.8%, respectively, in 2022. These countries have high global feed production volumes and trade activities.​
  • The expanding feed industry and the rising consumption of animal-based products such as dairy, eggs, and meat are driving the feed mycotoxin detoxifiers market. With the growing awareness of the benefits of these detoxifiers among farmers, the market is expected to continue to register a CAGR of 4.9% during the forecast period.​

Feed Mycotoxin Detoxifiers Industry Segmentation

Binders, Biotransformers are covered as segments by Sub Additive. Aquaculture, Poultry, Ruminants, Swine are covered as segments by Animal. Africa, Asia-Pacific, Europe, Middle East, North America, South America are covered as segments by Region.

  • In 2022, feed mycotoxin detoxifiers accounted for 6.2% of the global feed additives market in terms of value, as mycotoxins are a type of toxic fungus that can negatively impact animal health and growth when present in animal feed. Therefore, mycotoxin detoxifiers are used to reduce the impact of mycotoxins.
  • The most significant feed mycotoxin detoxifiers are binders, which accounted for a market value of USD 1.4 billion in 2022. Binders are used to prevent toxic materials from entering the bloodstream and causing neurological disorders in animals and are favored for their low cost compared to other types of detoxifiers.
  • As concerns around animal health are growing and animal farmers prefer high-quality feed, both mycotoxin binders and transformers are expected to register a CAGR of 4.9% during the forecast period. Asia-Pacific was the largest market for mycotoxin detoxifiers in 2022, accounting for 31.1% of the market share, followed by North America at 26.1% and Europe at 23.1% due to the higher feed production of 0.5 million metric tons and the larger animal population in the Asia-Pacific region.
  • North America is expected to be the fastest-growing region in the mycotoxin detoxifiers market during the forecast period, with a projected CAGR of 5.8% due to the rising commercial cultivation of animals and concerns around animal health. Due to the usage of detoxifiers in animal feed containing cereals and grains, which are mostly consumed by animals, the global feed mycotoxin detoxifiers market is expected to record a CAGR of 4.9% during 2023-2029.
  • Therefore, the global mycotoxin detoxifier market is expected to grow during the forecast period due to the rising concerns about animal health and the need for safer animal feed.
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
Region
Africa
By Country
Egypt
Kenya
South Africa
Rest of Africa
Asia-Pacific
By Country
Australia
China
India
Indonesia
Japan
Philippines
South Korea
Thailand
Vietnam
Rest of Asia-Pacific
Europe
By Country
France
Germany
Italy
Netherlands
Russia
Spain
Turkey
United Kingdom
Rest of Europe
Middle East
By Country
Iran
Saudi Arabia
Rest of Middle East
North America
By Country
Canada
Mexico
United States
Rest of North America
South America
By Country
Argentina
Brazil
Chile
Rest of South America
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Feed Mycotoxin Detoxifiers Market Size Summary

The Feed Mycotoxin Detoxifiers Market is poised for significant growth, driven by increasing concerns over animal health and the quality of animal feed. Mycotoxins, toxic fungi present in animal feed, can adversely affect animal health and growth, necessitating the use of detoxifiers. The market is primarily dominated by binders, which are cost-effective solutions to prevent toxic materials from entering the animal bloodstream. The Asia-Pacific region leads the market due to its large animal population and high feed production, followed by North America and Europe. The rising demand for high-quality livestock products and the expansion of the feed industry are key factors propelling market growth. North America is expected to experience the fastest growth, fueled by increased animal cultivation and health concerns.

The global market for feed mycotoxin detoxifiers is characterized by a fragmented landscape, with major players like Adisseo, Alltech, Inc., BASF SE, Brenntag SE, and Cargill Inc. holding a significant share. The market's expansion is further supported by the growing poultry industry, particularly in Asia-Pacific, where production has surged due to rising demand for animal protein. The aquaculture sector also contributes to market growth, with increased production of fish and shrimp feed to meet the global seafood demand. Investments in poultry and aquaculture sectors, along with the introduction of innovative products like Kemin Industries' Toxfin Care, are expected to drive the market forward during the forecast period.

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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 Region

      1. 1.3.1 Africa

        1. 1.3.1.1 By Country

          1. 1.3.1.1.1 Egypt

          2. 1.3.1.1.2 Kenya

          3. 1.3.1.1.3 South Africa

          4. 1.3.1.1.4 Rest of Africa

      2. 1.3.2 Asia-Pacific

        1. 1.3.2.1 By Country

          1. 1.3.2.1.1 Australia

          2. 1.3.2.1.2 China

          3. 1.3.2.1.3 India

          4. 1.3.2.1.4 Indonesia

          5. 1.3.2.1.5 Japan

          6. 1.3.2.1.6 Philippines

          7. 1.3.2.1.7 South Korea

          8. 1.3.2.1.8 Thailand

          9. 1.3.2.1.9 Vietnam

          10. 1.3.2.1.10 Rest of Asia-Pacific

      3. 1.3.3 Europe

        1. 1.3.3.1 By Country

          1. 1.3.3.1.1 France

          2. 1.3.3.1.2 Germany

          3. 1.3.3.1.3 Italy

          4. 1.3.3.1.4 Netherlands

          5. 1.3.3.1.5 Russia

          6. 1.3.3.1.6 Spain

          7. 1.3.3.1.7 Turkey

          8. 1.3.3.1.8 United Kingdom

          9. 1.3.3.1.9 Rest of Europe

      4. 1.3.4 Middle East

        1. 1.3.4.1 By Country

          1. 1.3.4.1.1 Iran

          2. 1.3.4.1.2 Saudi Arabia

          3. 1.3.4.1.3 Rest of Middle East

      5. 1.3.5 North America

        1. 1.3.5.1 By Country

          1. 1.3.5.1.1 Canada

          2. 1.3.5.1.2 Mexico

          3. 1.3.5.1.3 United States

          4. 1.3.5.1.4 Rest of North America

      6. 1.3.6 South America

        1. 1.3.6.1 By Country

          1. 1.3.6.1.1 Argentina

          2. 1.3.6.1.2 Brazil

          3. 1.3.6.1.3 Chile

          4. 1.3.6.1.4 Rest of South America

Feed Mycotoxin Detoxifiers Market Size FAQs

The Global Feed Mycotoxin Detoxifiers Market size is expected to reach USD 2.25 billion in 2024 and grow at a CAGR of 4.94% to reach USD 2.86 billion by 2029.

In 2024, the Global Feed Mycotoxin Detoxifiers Market size is expected to reach USD 2.25 billion.

Feed Mycotoxin Detoxifiers Market Report Snapshots

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