Researchstore.biz launched a study titled “Global Feed Acidifiers Market by Type (Propionic Acid, Formic Acid, Lactic Acid, Citric Acid, Sorbic Acid, Malic Acid, Others), Compound (Single, Blended), Form (Liquid, Dry), Livestock (Poultry, Ruminants, Swine, Aquaculture, Others), Region (North America, Europe, Asia Pacific, South America and Middle East and Africa)” and Global Forecast 2018-2025.
The global feed acidifiers market is expected to grow from USD 2,841.27 Million in 2017 to USD 4,320.43 Million by 2025 at a CAGR of 5.60% during the forecast period from 2018-2025. Major drivers that fuel the growth of feed acidifiers market are:
- Increasing consumption of meat and dairy products
- High risk of diseases in livestock
- Rising government funds for promotion of wellness in feed industry
- Prohibition of antibiotics in the European Union
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Feed acidifier lowers the potentia hydrogenii (pH) level of feed that helps in growth of pathogenic micro-organisms. The demand for protein rich foods such as dairy and meat as well as increasing focus on the animal health has increased the use of feed acidifiers. The feed acidifiers are the organic acids present in the feed that helps in preservation purposes and also enhances the microbiological balance. It is used in various applications such as poultry production, aquaculture, and pig farming.
Increasing consumption of meat and dairy products and high risk of diseases in livestock is anticipated to drive feed acidifiers market:
Increasing consumption of meat and dairy products and high risk of diseases in livestock are the key driving factors for the feed acidifiers market. In addition, rising government funds for promotion of wellness in feed industry and prohibition of antibiotics in the European Union will lead the growth of feed acidifiers market in couple of years. Growing prices of feed acidifiers may limit the growth of market. However, encapsulation techniques being used for feed acidifiers is expected to boost the feed acidifiers market over the forecast period.
The global feed acidifiers market is segmented on the basis of type, compound, form, livestock and regions.
Dry segment is expected to hold the largest share of 56.24% during the forecast period
Form segment includes liquid and dry. Dry segment is anticipated to grow with highest CAGR over the forecast period. Here, contributing factors are easy to use, storage, and transportability of dry foam. Due to free-flowing structure and consistency is key factors to drive the demand of dry segment.
Blended segment held market share of 54.19% in 2017
Compound segment is divided into single and blended. Blended is playing a chief role in shaping business growth, disrupting industry verticals and acting as catalyst for business modernization. With the help of blended compounds the growth of any microorganisms promotes beneficial microbial growth and will increase the market share of blended segment.
Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. Asia Pacific held the largest market size of USD 834.20 Million in 2017. Increase in the adoption of feed acidifiers and increasing income levels in emerging economies will support offers better quality meat and other livestock products and also rise in the meat demand are some of the factors that led to the growth of feed acidifiers market in this region.
The major players for feed acidifiers market include ADDCON Group, Pancosma, Yara International ASA, Kemira OYJ, Kemin Industries Inc., BASF SE, Biomin Holding GmbH, Impextraco NV, Nutrex NV, Perstorp Holding Ab, Peterlabs Holding, Jefo Nutrition Inc., Anpario plc, Novus International, and Corbion Purac.
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Feed acidifiers market is segmented into the following submarkets:
Feed Acidifiers Market by Type:
- Propionic Acid
- Formic Acid
- Lactic Acid
- Citric Acid
- Sorbic Acid
- Malic Acid
Feed Acidifiers Market by Compound:
Feed Acidifiers Market by Form:
Feed Acidifiers Market by Livestock:
Feed Acidifiers Market by Regions:
- NORTH AMERICA
- SOUTH AMERICA
- MIDDLE EAST AND AFRICA
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