Middle east and Africa Feed Mycotoxin Detoxifiers Market was worth USD 120 Million in 2021 and estimated to be growing at a CAGR of 3.4%, to reach USD 140 Million by 2026. 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.
Middle east and Africa Feed Mycotoxin Detoxifiers Market Drivers:
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 mycotoxins detoxifiers among farmers, anddanger of diseases in livestock. Competition for raw materials with other industries and the price volatility of agro-commoditites also restrain the growth of this market.
Middle east and Africa Feed Mycotoxin Detoxifiers Market - By Type:
Middle east and Africa Feed Mycotoxin Detoxifiers Market - By Animal:
The Market is Geographically divided into:
The market has been geographically segmented into Middle East and Africa and is predicted to be the fastest-growing market for 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 the 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.
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