Saudi Arabia Mycotoxin Binders Market Expected to Grow at a CAGR of 8.72% from 2024 to 2032 | Astute Analytica
Saudi Arabia Mycotoxin Binders Market Valued at US$ 46.68 Million in 2023, Projected to Reach US$ 97.45 Million by 2032
CHICAGO, UNITED STATES, August 2, 2024 /EINPresswire.com/ -- The ๐๐๐ฎ๐๐ข ๐๐ซ๐๐๐ข๐ ๐๐ฒ๐๐จ๐ญ๐จ๐ฑ๐ข๐ง ๐๐ข๐ง๐๐๐ซ๐ฌ ๐๐๐ซ๐ค๐๐ญ was valued at approximately ๐๐$ ๐๐.๐๐ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง ๐๐๐๐ and is on track to achieve a market valuation of ๐๐$ ๐๐.๐๐ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐๐ฒ ๐๐๐๐. This growth represents a compound annual growth rate (๐๐๐๐) ๐จ๐ ๐.๐๐% during the forecast period from ๐๐๐๐ ๐ญ๐จ ๐๐๐๐.๐๐ก๐ ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ซ๐- https://www.astuteanalytica.com/request-sample/saudi-arabia-mycotoxin-binders-market
The expansion of the market is driven by the increasing awareness of mycotoxin contamination in agricultural products and the growing demand for effective solutions to mitigate these toxins. Mycotoxin binders play a crucial role in improving animal health and productivity, which contributes to the rising adoption of these products.
โข ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
โข ๐๐๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฅ๐ฎ๐: ๐๐$ ๐๐.๐๐ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง
โข ๐๐ซ๐จ๐ฃ๐๐๐ญ๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฅ๐ฎ๐ ๐๐ฒ ๐๐๐๐: ๐๐$ ๐๐.๐๐ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง
โข ๐๐๐๐: ๐.๐๐% (๐๐๐๐โ๐๐๐๐)
โข ๐๐๐ซ๐ค๐๐ญ ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ
โข ๐๐ซ๐ข๐ฏ๐๐ซ: ๐๐ข๐ฌ๐ข๐ง๐ ๐๐ข๐ฏ๐๐ฌ๐ญ๐จ๐๐ค ๐๐ง๐ ๐๐จ๐ฎ๐ฅ๐ญ๐ซ๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ข๐จ๐ง
The livestock and poultry industry in Saudi Arabia is developing rapidly, which has led to an increased demand for mycotoxin binders market. Under Vision 2030, the government of the Kingdom of Saudi Arabia hopes to expand its economy and ensure food security. This means that there will be continuous growth in these sectors. In 2023 alone, chicken production has risen by 24%, hitting a record 910,000 tons. Over 5million more sheep and goats were kept by farmers than two years ago โ an increase of 25%. Several investments have been made into agriculture by the government organizations, which is amounting to SAR 1.5 billion. Therefore, they need better feed additives especially mycotoxin binders to take care of their health hence ensuring productivity.
Additionally, Saudi Arabia has recorded a 14% increase in importing feedstuff components. This accounts for ๐.๐ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ญ๐จ๐ง๐ฌ ๐๐ฌ ๐จ๐ ๐๐๐๐. Consequently, they have necessitated mycotoxin control measures. Mycotoxins are widely spread within feeds and this poses a great danger to the health of animals, thus making the demand for mycotoxin binders to go up by 15%. It is estimated that more than 60% of all feedstuffs examined in that area showed contamination with these harmful substances which could result into huge economic losses too. For this reason alone, there will be an expected rise of such products by ๐๐๐๐ ๐จ๐ ๐.๐% within the next 8 years considering them as vital safeguards for poultry farming industry while at the same time protecting livestock sector.
๐ ๐จ๐ซ ๐ฆ๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ, ๐ฏ๐ข๐ฌ๐ข๐ญ:- https://www.astuteanalytica.com/industry-report/saudi-arabia-mycotoxin-binders-market
As the market continues to evolve, key players are focusing on innovation and the development of advanced mycotoxin binders to address the challenges faced by the agriculture and livestock industries. The increasing emphasis on food safety and quality assurance further propels the market growth.
โข BASF SE
โข Cargill
โข Syngenta International AG
โข E.I. du Pont de Nemours & Co.
โข Bayer A.G.
โข Novus International
โข Kemin Industries, Inc.
โข Other Prominent Player
๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
๐๐ฒ ๐๐ฒ๐ฉ๐
โข Adsorbents
o Aluminosilicates
o Clays
o Activated Charcoal
o Chemical Polymers
o Glucan Products
o Chemically Treated Silicates
โข Denaturants
o Mycotoxin Degrading Enzyme
o Live Microorganisms
o Organic Binder
o Yeast Cell Wall
o Others
๐๐ฒ ๐๐ง๐ข๐ฆ๐๐ฅ ๐๐๐ญ๐๐ ๐จ๐ซ๐ฒ
โข Poultry
โข Aquaculture
โข Swine
โข Horses
โข Ruminant
o Cows
o Sheep
o Camel
o Goats
โข Others
๐๐ฒ ๐๐จ๐ฎ๐ซ๐๐
โข Organic
โข Inorganic
๐๐ฒ ๐๐ง๐ ๐๐ฌ๐๐ซ
โข Feed Manufacturers
โข Home Mixers
โข Aquaculture Sector
โข Others
๐๐ฒ ๐๐๐ ๐ข๐จ๐ง
โข Al-Bahah Province
โข Al-Jawf Province
โข Aseer Province
โข Eastern Province
โข Ha'il Province
โข Jizan Province
โข Madinah Province
โข Makkah Province
โข Najran Province
โข Qassim Province
โข Riyadh Province
โข Tabuk Province
โข Northern Province
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ@- https://www.astuteanalytica.com/request-sample/saudi-arabia-mycotoxin-binders-market
๐๐๐จ๐ฎ๐ญ ๐๐ฌ๐ญ๐ฎ๐ญ๐ ๐๐ง๐๐ฅ๐ฒ๐ญ๐ข๐๐:
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