Europe Feed Mycotoxin Detoxifiers - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2024 - 2029)

The Europe Feed Mycotoxin Detoxifiers Market size is estimated at USD 514.17 million in 2024, and is expected to reach USD 640.12 million by 2029, growing at a CAGR of 4.48% during the forecast period (2024-2029).

• In the European feed additives market, mycotoxin detoxifiers accounted for 6.2% of the total value in 2022. Among these, binders were the most common type of mycotoxin detoxifiers used in animal nutrition, accounting for 4.1% of the market share value, while biotransformers accounted for 2.1%. The mycotoxin binders market is expected to register a CAGR of 4.5% during the forecast period, reaching a value of USD 313.4 million in 2022. Binders help to prevent mycotoxins from entering the bloodstream and causing diseases and neurological disorders in animals.
• In the European feed mycotoxin detoxifiers market, poultry birds had the largest market share value of 34.8% in 2022, followed by swine (32.0%) and ruminants (29.2%). The higher share of poultry birds was due to the region's higher production of poultry feed, which accounted for 37.4% of the total feed production in 2022. The higher feed production is due to increasing meat consumption and the production of poultry birds. Spain was the largest market for feed mycotoxin detoxifiers in Europe, holding a market share of 15.3% in 2022. The country's higher share was due to its higher feed production, accounting for about 12.1% of the total feed production in the region in 2022.
• The European feed mycotoxin detoxifiers market is estimated to register a CAGR of 4.5% during the forecast period due to the risks of mycotoxins damaging the feed content, the hazardous effects associated with them, and the increased feed production in the region. Binders are likely to continue to dominate the market as the most popular type of mycotoxin detoxifier.

• The European feed mycotoxin detoxifiers market is seeing steady growth due to the increasing demand for mycotoxin detoxifiers in feed. They help reduce the bioavailability of mycotoxins in the gastrointestinal tract of animals. In 2022, feed mycotoxin detoxifiers accounted for 6.2% of the European feed additives market, an increase of 10.4% during 2017-2022.
• Mycotoxin binders are the most consumed feed mycotoxin detoxifiers in Europe, with a market share of 66.4%, owing to their effectiveness. However, biotransformers are expected to see a similar growth rate during the forecast period, with a CAGR of 4.5%. They can help reduce microbial spoilage in animal feed and its negative effects.
• Spain, Germany, France, and Russia were the major markets for feed mycotoxin detoxifiers in Europe, with a market value of USD 72.1 million, USD 71.7 million, USD 70.4 million, and USD 50.7 million, respectively, in 2022. Spain had the highest market value due to a 2.6% increase in feed production in 2022 compared to the previous year.
• The United Kingdom is the fastest-growing country in the European feed mycotoxin detoxifiers market, with a projected CAGR of 5.3% during the forecast period. The growth is attributed to the country's increased livestock population and feed production. The country's feed production increased by 4.7% between 2017 and 2022.
• Europe's total feed production was 262.9 million metric tons in 2022, a 2.0% increase from 2017. The growing feed production and livestock population are the major market drivers in the region. Therefore, the market is projected to record a CAGR of 4.5% during the forecast period.

Europe Feed Mycotoxin Detoxifiers Market Trends

Europe is 3rd largest exporter of poultry meat and broiler meat production accounted for 82.6% of poultry meat production which is expected to drive the demand for poultry production

• Europe is a prominent global poultry meat producer and exporter, with an estimated annual poultry meat production of approximately 13.4 million metric tons in 2021. Despite being the second most consumed meat in the region at 26.9 kg per capita per year, poultry production within Europe has not kept pace with rising global demand. The largest poultry meat producers in the European region include Poland (accounting for 19.2% of production, or 2.5 million metric tons), France (12.5%, or 1.6 million metric tons), Spain (12.3%), Germany (12%), and Italy (10.4%).
• Within the European Union, broiler meat production constituted the majority (82.6%) of total poultry meat production in 2021, followed by duck meat at 3.3%. Europe's poultry flock numbered approximately 2.45 billion birds in 2021, with Russia, France, the Netherlands, Ukraine, Poland, and the United Kingdom collectively comprising more than 50% of the population. The laying hen segment is experiencing growth across Europe due to increased egg consumption, which rose to 6,135 thousand metric tons in 2021 from 5,864 metric tons in 2017.
• As the fourth largest importer and the third largest exporter of poultry meat, Europe is a significant participant in the global poultry meat market. In 2021, the European Union exported roughly 2,252 thousand metric tons (carcass weight) of poultry meat to a variety of countries, including the United Kingdom, Ghana, and Ukraine. Overall, the rising production of poultry birds, increasing demand for poultry products, and growing consumption of eggs are expected to be key drivers of market growth in the European region.

High demand for fish feed which accounted for 82% and surge in seafood imports had a negative impact on compound feed for aquaculture

• In 2022, Europe held a significant share of 8.0% in the global aquaculture compound feed production, with a production volume of 4.5 million metric tons. The compounded feed production has seen a notable increase of 15% between 2018-2022, driven by the increasing demand for nutrient-balanced feed to reduce the risk of disease and improve feed efficiency. However, aquaculture feed production observed a decline of 21.2% in 2018, which may have been influenced by the surge in seafood imports and the relatively low prices of imported seafood, impacting the compound feed market in 2018.
• The major aquaculture feed producers in the European region are Turkey, the United Kingdom, the Netherlands, Spain, Italy, and France, with the region producing 17.4 million metric tons of aquaculture species in 2021, indicating a growth of 1.7% since 2018. The growth is attributed to the rise in population and per capita consumption of seafood, which is driving aquaculture production in the region. This is propelling the demand for compound feed, which is expected to increase by 18.2% during the forecast period (2023-2029).
• Fish feed dominates the aqua feed production, accounting for 82% share in 2022, followed by shrimp feed and other aquatic species feed, with a share of 4.3% and 13.7%, respectively, in the region. Fish food is the most consumed aquatic food across the region, and it is highly produced in comparison to other aquatic species. Factors such as the expanding aquaculture sector driven by the rising demand for seafood and aquaculture products and the growing awareness regarding quality meat are augmenting the growth of the market studied.

Europe Feed Mycotoxin Detoxifiers Industry Overview

The Europe Feed Mycotoxin Detoxifiers Market is moderately consolidated, with the top five companies occupying 43.67%. The major players in this market are Adisseo, BASF SE, Brenntag SE, Cargill Inc. and DSM Nutritional Products AG (sorted alphabetically).

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