Feed Mycotoxin Detoxifiers Market Share

On the basis of regional analysis, the global feed mycotoxin detoxifiers market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

North America industry is likely to dominate majority revenue share by 2036, backed by rising risk level for mycotoxin in livestock feed along with increasing adoption rate of feed mycotoxin detoxifiers in livestock feed in the region. Additionally, stringent regulations by the government of the nations for the threshold level of mycotoxin, along with significant production of animal feed in the region is also anticipated to contribute towards the growth of the feed mycotoxin detoxifiers market in the region during the forecast period. According to other statistics by the International Feed Industry Federation (IFIF), out of the total animal feed production in the world in the year 2018, USA and Canada constituted a major share of production, amounting to a quantity of 177 million tonnes and 22 million tonnes respectively.