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Middle East And Africa Feed Mycotoxin Detoxifiers Market Research Report – Segmented By Type, Animal Category, And By Region (KSA, UAE, Israel, South Africa, Ethiopia, Kenya, Egypt, Sudan, Rest of GCC Countries, and Rest of MEA)- Industry Analysis on Size, Share, Trends, COVID-19 Impact And Growth Forecast (2023 to 2028)

Published: March, 2023
ID: 336
Pages: 135
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Middle East and Africa Feed Mycotoxin Detoxifiers Market (2023 to 2028)

The Middle East and Africa feed mycotoxin detoxifiers market is expected to be valued at USD 128.30 million in 2023 and is estimated to be growing at a CAGR of 3.4%, reaching USD 151.65 million by 2028. 

The Middle East and Africa feed mycotoxin detoxifiers market is developing at a significant rate due to the increase in the livestock population for meat consumption as a source of protein. Mycotoxin detoxifiers, when used in animal feed, prevent the contamination of feed by mycotoxins, which are a collective group of natural chemicals (toxic secondary metabolite) that are produced by certain moulds. These various mycotoxins contaminate the animal feed and negatively affect animals.

These negative effects could range from problems related to reproduction and organ damage (liver/kidney) to a greater susceptibility to infectious diseases in animals. They can also affect the performance of these animals. To protect these animals from these negative effects, mycotoxin detoxifiers are used in animal fodder. They are specific for each mycotoxin and are required to be supplemented in animal feed to counter the adverse effects of mycotoxins. The growth of the Middle East and Africa feed Mycotoxin Detoxifiers market is majorly driven by factors such as the rise in meat consumption, a better understanding of the usage of mycotoxin detoxifiers among farmers, and the danger of diseases in livestock. Competition for raw materials with other industries and the price volatility of agro-commodities also restrain the growth of this market.

The Middle East and Africa feed mycotoxin detoxifiers market is segmented and sub-segmented into following categories:

Middle East and Africa Feed Mycotoxin Detoxifiers Market - By Type:

  • binders
    • bentonite
    • clays
    • others
  • bio transformers
    • enzymes
    • yeasts
    • others

Middle east and Africa Feed Mycotoxin Detoxifiers Market - By Animal:

  • ruminant
  • poultry
  • swine
  • aquaculture
  • pets
  • horses
  • others

Middle east and Africa Feed Mycotoxin Detoxifiers MarketBy Country:

  • KSA
  • UAE
  • Israel
  • Rest of the GCC countries
  • South Africa
  • Ethiopia
  • Kenya
  • Egypt
  • Sudan
  • Rest of MEA

The market has been geographically segmented into the Middle East and Africa and is predicted to be the fastest-growing market for the feed mycotoxin detoxifiers market. In terms of revenue, South Africa leads the market in this region. This region is expected to offer lucrative growth opportunities, owing to the considerable increase in feed production and increasing awareness among consumers about the quality of meat products and due to the rise in disposable incomes in developing economies, primarily in South Africa. Hence, there is a rising need for prevention of contamination of animal feed.

KEY MARKET PLAYERS:

BASF SE, Cargill, Inc, Alltech, Inc, Novozymes A/S, Chr. Hansen Holding A/S, Archer Daniels Midland Company, Charoen Pokphand Foods Public Company Limited, Nutreco N.V., Evonik Industries AG, Adisseo France SAS. Are some of the major key players involved in the Middle East and Africa feeding the mycotoxin detoxifier market.

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FAQ's

what is the current size of the MEA feed mycotoxin detoxifier market?

The current size of the Middle East and Africa feed mycotoxin detoxifiers market is expected to be valued at USD 128.3 Million in 2023.

what is the expected growth value of the MEA feed mycotoxin detoxifier market?

The Middle East and Africa feed mycotoxin detoxifiers market is expected to grow to USD 151.65 Million by 2028. 

what region takes the highest market share value in the MEA feed mycotoxin detoxifier market?

South Africa leads the market in this region. This region is expected to offer lucrative growth opportunities, owing to the considerable increase in feed production and increasing awareness among consumers about the quality of meat products and due to the rise in disposable incomes in developing economies.

what are the key market players involved in the MEA feed mycotoxin detoxifier market?

BASF SE, Cargill, Inc, Alltech, Inc, Novozymes A/S, Chr. Hansen Holding A/S, Archer Daniels Midland Company, Charoen Pokphand Foods Public Company Limited, Nutreco N.V., Evonik Industries AG, Adisseo France SAS. Are some of the major key players involved in the Middle East and Africa feeding the mycotoxin detoxifier market.

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