MARKET REPORT FEED & ADDITIVE MAGAZINE September 2022 59 and negatively affect the health of animals. The adverse 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 animals from these adverse effects, mycotoxin detoxifiers are used in animal fodder. Detoxifiers aid in counter the direct or indirect effects of mycotoxin and other toxic agents. Moreover, kaolin, zeolites, and bentonite are used as a supplement to animal feeds which act as a gut protectants and considered as excellent adsorptive materials of heavy metals as well as bacteria. Therefore, the use of the mycotoxin detoxifiers is increasing in the animal feed in order to keep them safe from the adverse effects of the mycotoxins. MARKET GROWTH EXPECTATIONS Market research companies' reports have different projections for the global feed detoxifiers market. Some of these reports state that the current size of the market is valued at between US$1 and 1.5 billion. In some, this size can reach US$ 2.25 billion. Similarly, there are significant differences in growth expectations. For example, according to a report by Market Research Future®, global feed mycotoxin detoxifiers market size is projected to be worth US$ 3.26 billion by 2030, registering a CAGR of 3.50% during the 2021 - 2030 forecast period. Based on the estimation here, it can be said that the current market size is around US$ 2.4 billion in 2022. According to Mordor Intelligence, the market was valued at US$ 1.20 billion in 2019 and is projected to grow at a CAGR of 6.4% during the 20202025 forecast period. Mordor Intelligence's growth forecasts indicate that the market size will reach US$1.85 billion in 2025. In another report prepared by Market Data Forecast, mycotoxin detoxifier market was worth US$ 1.24 billion in 2022, and it is estimated to reach a valuation of US$ 1.80 billion by the end of 2027, expanding at an annual growth rate of 7.8 % between 2022 and 2027. Another estimate of the market size is included in the IMARC report. According to that report, the global feed mycotoxin detoxifiers market size reached US$ 2.25 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 3.08 Billion by 2027, exhibiting a growth rate (CAGR) of 5.20% during 2022-2027. It can be assumed that the large differences between the estimates in the reports are due to the dates of the reports. While the reports prepared especially before Covid-19 point to higher growth
RkJQdWJsaXNoZXIy MTUxNjkxNQ==