Feed Acidifiers Market was Valued at US$ 2,838.2 Mn in 2018
Global Feed Acidifiers Market was Valued at US$ 2,838.2 Mn in 2018, Owing to Increasing Consumption of Meat and Dairy Products and Encapsulation Techniques are Used for Feed Acidifiers
Analyst Speak:
“The Global Feed Acidifiers Market was valued at US$ 2,838.2 Mn in 2018 and is expected to grow at a significant CAGR over six years forecast period 2019-2025 owing to increasing consumption of meat and dairy products and encapsulation techniques are used for feed acidifiers”
Precision Business Insights (PBI) in its report titled “Global Feed Acidifiers Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2018 and Forecast 2019-2025” assesses the market performance over six years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
The global feed acidifiers market was valued at US$ 2,838.2 Mn in 2018 and growing at a CAGR of 5.1% over the forecast period owing to surge in the adoption of animals in developed countries. Increasing demand for healthy meat and livestock products, rising awareness regarding the animal health and quality of feed are the major factors driving the growth of the feed acidifiers market over the forecast years. In addition, increasing government support to promote wellness of the feed industry coupled with ban of antibiotics in the EU region are the factors anticipated to fuel the growth of the market. However, efficacy maintenance of feed acidifiers have become a great challenge to the market players and increasing price for feed acidifiers are projected to restrain the growth of the market over the forecast years.
Global feed acidifiers market segmented on the basis of acidifier type, product type, species, and region.
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Blended feed acidifiers segment accounted for higher revenue share
Based on product type, global feed acidifiers market segmented into single acidifiers and blend acidifiers. Blend acidifiers segment accounted for the largest market share in 2018 with respect to revenue owing to the development of new products into the market and are expected to grow significantly over the future years. However, single acidifiers market is expected to grow with highest CAGR over the forecast years and the usage of single acidifiers is increasing year over year.
Asia Pacific holds leading position in Global Feed Acidifiers Market
PBI’s global feed acidifier’s market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. According to regional analysis, Asia Pacific is expected to account for larger revenue share in 2018 and the same trend is projected to follow over 2019-2025 owing to the surge in the demand for the healthy meat and dairy products in India, Japan, and China. Rising R&D for the development of new feed acidifiers such as blended feed acidifiers are expected to fuel the growth of the market over the forecast years. Europe is expected to dominate the market over the forecast years due to increasing adoption of pet animals in the European region.
Recent Developments in the Global Feed Acidifiers Market
- In May 2017, Perstorp Group has launched ProPhorce Valerian into the feed acidifiers market to improve the animal performance.
Key player’s profiles in the report are Kemin Industries, Inc. (U.S.), BASF SE (Germany), Biomin Holding GmbH (Austria), Yara International ASA (Norway), Perstorp Holding AB (Sweden), Impextraco NV (Belgium), Kemira (Finland), and Novus International (U.S.) to name a few.
Detailed Segmentation
By Acidifier Type
- Fumaric acid feed acidifier
- Lactic acid feed acidifier
- Propionic acid feed acidifier
- Formic acid feed acidifier
- Others
- Single acidifiers
- Blend acidifiers
- Cattle
- Poultry
- Swine
- Aquaculture
- Others
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa (MEA)
By Product Type
By Species
North America
- US
- Canada
Europe
- Germany
- France
- UK
- Italy
- Spain
- Russia
- Poland
- Rest of Europe
Asia-Pacific
- Japan
- China
- India
- Australia & New Zealand
- ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
Middle East and Africa (MEA)
- Gulf Cooperation Council (GCC) Countries
- Israel
- South Africa
- Rest of MEA
For More Information:
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