The Middle East and Africa feed mycotoxin detoxifiers market is expected to be valued at USD 132.66 million in 2024 and is anticipated to reach USD 156.80 million by 2029, estimated to grow at a CAGR of 3.4% from 2024 to 2029.
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 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.
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.
Frequently Asked Questions
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.
The Middle East and Africa feed mycotoxin detoxifiers market is expected to grow to USD 151.65 Million by 2028.
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.
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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