MARKET REPORT FEED & ADDITIVE MAGAZINE March 2024 79 EFFECTS OF MYCOTOXINS AND MYCOTOXIN BINDERS USED IN ANIMAL FEED Mycotoxins, a common problem in livestock farming, have a significant impact on animal health and the profitability of production. It is known that these toxins can cause a number of health problems in livestock, such as reduced growth rates, suppression of the immune system, and increased susceptibility to diseases. Therefore, the use of mycotoxin binders in animal feeds helps to reduce the mycotoxin load in the gastrointestinal tract, preventing mycotoxicosis and deterioration of animal health due to mycotoxins; in particular, it helps to maintain intestinal health. Likewise, these binders improve the quality of feed and feed raw materials, contribute to productivity in animal production, reduce economic losses, and reduce the risks that mycotoxins may pose to food safety. Mycotoxin binders, which play an important role in protecting animal health and production profits to prevent diseases caused by mycotoxins, are broadly categorised into two groups: inorganic and organic binders. The inorganic binders group consists of mineral-based binders such as clay (e.g., bentonite, montmorillonite), which typically work by absorbing mycotoxins in the gastrointestinal tract of animals. The group of organic binders is derived from natural sources such as yeast cell walls, algae, and plant extracts. Binders in this group usually bind mycotoxins and change their chemical structure, making them less harmful. FEED ENZYMES MARKET AND FORECASTS The global feed mycotoxin binders market is expected to show strong growth over the next few years, according to a report by The Business Research Company. Estimating the market to be worth USD 2.55 billion in 2023, the research firm forecasts a compound annual growth rate (CAGR) of 6.5 percent in 2024, with the market reaching USD 2.71 billion. The company predicts that the growth will continue with a CAGR of 6.7% in the following years and points out that the total market size will be USD 3.52 billion in 2028. According to Verified Market Research's (VMR) February 2024 report, the global feed mycotoxin binders market, which was valued at USD 2.54 billion in 2023, will reach USD 3.51 billion by 2030 (end-2029), growing at a CAGR of 6.2% during the forecast period 2024-2030. The report prepared by Persistence Market Research offers similar forecasts. According to Persistence's report on the mycotoxin binders market, the market size is around USD 2.3 billion in 2023. The report predicts that the market will grow at a CAGR of 5% in the coming years and reach USD 3.7 billion in 2033. Precision Business Insights, a research company that points to higher values for the current size of the market, reveals in its report that the global mycotoxin binders market size is USD 2.9 billion in 2022. The company estimates that the market will grow at a CAGR of 3.9% between 2023 and 2029. In this case, it can be said that the market will reach a size of approximately USD 3.7 billion in 2029. The report prepared by Market Research.com also reveals that the current size of the market will be
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