Summary

Asia Pacific feed Mycotoxin Detoxifiers Market is is projected to grow at a CAGR of 3.5% during the forecast period (2020 - 2025). The high prevalnce of mycotoxins in animal feed crops such as mazie due to unpredictable weather conditions affecting the crop produce with mycotoxins in the region. It pose a serious threat to poultry industry due to high prevalnce of mycotxins in poultry feed which is affecting the health and performance of broilers, layers and breeder.This in turn has stimulated the demand for mycotoxin detoxifiers in various animal feeds in the region.

Key Market Trends

Expanding Industrial Livestock Production

The increasing demand for livestock products has been driving significant changes on the supply-side, aimed at improvements in livestock product yields. New capital-intensive technologies have raised the level of industrial production of cattle, poultry, and pig meat in production facilities across Asia-Pacific, especially in countries with land constraints. Majority of the livestock growers in Asia are farmers growing livestock in small- and medium-scale mixed crop-livestock systems, which means that they grow livestock as a source of regular cash-flow income, while a consolidated income for these farmers comes from crops. This has been further driving farm investments on livestock for an augmented level of production, which reached 18,506.3, 46,468.7, and 66,726.0 thousand metric ton of cattle, poultry, and pig meat, respectively, in 2018, as compared to 17,825.8, 43,444.7, and 66,604.8 thousand metric ton in 2016 in Asia. The expanded level of livestock production has further resulted in an enhanced demand for animal feed in recent years. Mycotoxin contamination in the animal feed is a serious problem faced by many of livestock growers in the region. Hence there is an increase in demand for animal feed detoxifiers in the region which can mitigate the contamination losss in the animal feed, thereby boosting the animal production in the region.

India Dominates the Market

India is one of the prominent market for feed mycotoxin detoxifiers among the Asian countries. Mycotoxin management is a major challenge in the Indian poultry industry. For many years, Aflatoxin, Ochratoxin and T-2 Toxins were considered to be the most common mycotoxins in tropical countries like India, Bangladesh, Sri Lanka and Nepal. Mycotoxins continue to pose threat to Indian poultry industry which is affecting the feed quality and health and performance of broilers, layers and breeder. Hence their an increase in demand for mycotoxin detoxifiers that can supress or reduce the absorption of mycotoxins in the animal feed. With many international companies such as Alltech, Perstorp Holding AB and Nutraid having their presence in the country, the market for feed mycotoxin detoxifiers is projected to grow during the forecast period.

Competitive Landscape

Erber Group (Biomin), Alltech, Nutraid and Beijing Kerunsheng Technology Development Co., Ltd are some of the prominent players who are operating in the region. These players are developing new mycotoxin detoxifiers that caters to the need of livestock growers in the region.

Additional Benefits:

The market estimate (ME) sheet in Excel format
3 months of analyst support

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