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Africa Feed Mycotoxin Detoxifiers Market - Growth, Trends and Forecasts (2017 - 2022)

The African feed Mycotoxin market was valued at USD 29 million in 2015 and is expected to mature into a USD 32.7 million market by 2020 growing at a CAGR of 2.7% during the forecast period. Feed Mycotoxin detoxifiers are used to degrade the toxic substances into non-toxic substances or to reduce the exposure of Mycotoxin in fed to the animals. The end consumers of feed Mycotoxin detoxifiers are compound feed manufacturers, integrators, farmers, home-mixers, livestock and aquaculture industry. This report has been segmented based on the ingredients, animal type and geography. Binders and Biotransformers are the two key market differentiators, with binders holding a larger market share. Binders are one of the strategies to reduce the exposure of mycotoxins in the feed to decrease the bioavailability in the feed of animals. On the basis of animal type, poultry mycotoxin detoxifier are the largest segment and account for around 39% of the market share in 2014 and is expected to grow at CAGR of 3.6%. Apart from this Aqua feed and pet are forecasted to be the fastest growing segments, growing at a CAGR of 3.7%. On the basis of geography, South Africa holds the largest and dominating market share followed by various other minor regions. The major players in the market are Bayer, Amlan, Kemin and Others. Key Deliverables in the Study Market analysis for the Africa Feed Mycotoxin Detoxifiers Market, with region specific assessments and competition analysis on global and regional scales Market definition along with the identification of key drivers and restraints Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale Extensively researched competitive landscape section with profiles of major companies along with their market shares Identification and analysis of the macro and micro factors that affect the Africa Feed Mycotoxin Detoxifiers market on both global and regional scales A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

Published By: Mordor Intelligence
Published Date: Q2 2016

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