Feed Acidifiers Market Growth Share Trends and Analysis (2022-2030)"
Feed Acidifiers Market Outlook
Feed acidifiers are additives used to lower the pH level in animal food products. Adding feed acidifiers improves the feed performance further by inhibiting the growth of pathogenic intestinal micro-organisms. Feed acidifiers also add nutrients to the animal feed. Acetic acid, propionic acid, fumaric acid, lactic acid, and citric acid are some of the commonly used acidifiers.
Acidifiers-induced feeds are currently trending as they induce digestibility of feed but also offer many health benefits to the animals. Using acidifiers-induced feed ensures faster weight gain among livestock than conventionally fed animals. Resultantly, acidifiers have become a vital additive for animal feed products and the global feed acidifiers market report witnesses a colossal demand.
According to Market Research Future (MRFR), the global feed acidifiers market is poised to touch a valuation of USD 3,109.11 by 2027. In its recently published analysis, MRFR also asserts that the market would register a CAGR over 4.9% throughout the forecast period (2022 to 2030). The market is predominantly driven by the rapidly increasing population, worldwide, which is creating a massive demand for animal protein or animal food products such as meat/milk.
Rising prevalence of diseases borne due to the lack of nutrition in husbandry, dairy, and poultry foster the market demand. Additionally, the augmenting demand for acidifiers induced feed and dairy & meat products provide impetus to the growth of the feed acidifiers market. To meet the continually rising demand for meat and dairy products, operators of husbandries, poultries, and dairies take extreme care of their animals. Since food is the key factor in the care chain of animals, extra attention is provided to their feed that can give maximum output.
Global Feed Acidifiers Market – Segments
By Type : Acetic Acid, Formic Acid, Propionic Acid, Fumaric Acid, Lactic Acid, and Citric Acid, among others.
By Livestock : Poultry, Swine, Ruminants, and Aquatic Animals, among others.
By Form : Liquid and Dry, among others.
By Regions : Europe, North America, Asia Pacific, and the Rest-of-the-World.
Global Feed Acidifiers Market – Regional Analysis
The Asia Pacific region dominates the global feed acidifiers market with the largest market share. Ever-increasing population and increasing consumption of meat products are the key factors pushing up the regional market growth. Besides, rapidly growing markets in India and China contribute to the regional market growth, majorly. China, backed by its large meat market accounts for the major contributor to the regional market growth, creating tremendous market demand. Simultaneously, the growing demand for milk is boosting the feed acidifiers market in the region.
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The feed acidifiers market in developed regions such as Europe and North America are growing rapidly too. Increasing demand for feed supplement products led by the rising demand for poultry and swine products escalates the feed acidifiers market in these regions. Moreover, the increasing demand for protein intake accelerates market demand, boosting the sales, especially in the swine and poultry segments.
Global Feed Acidifiers Market – Competitive Landscape
Fiercely competitive, the global feed acidifiers market trend appears to be diversified due to the presence of many large and small-scale players. These players adopt strategic initiatives such as mergers & acquisition, collaboration, product launch, and expansion to gain a competitive advantage.
Major Players:
Players leading the global feed acidifiers market are Kemin Europa NV (Belgium), BASF SE (US), BIOMIN Holding GmbH (Austria), Corbion NV (the Netherlands), Impextraco NV (Belgium), Novus International, Inc. (US), Kemira OYJ (Finland), Yara International ASA (Norway), Jefo Nutrition Inc. (Canada), Perstorp Holding AB (Sweden), and others.
Industry/Innovations/Related News:
October 16, 2018 --- Zinpro Corporation (the US), a leading provider of mineral supplements for animals announced the acquisition of two American water-soluble-based animal nutrition and nutritional support products companies, CouvLotta LLC and Paragon Specialty Products LLC (PSP) to grow its performance trace mineral nutrition business globally.
Zinpro is involved in R&D and manufacturing of organic trace minerals that can improve animal wellness and performance. These acquisitions align well with Zinpro’s global resources and expertise in performance trace mineral nutrition. It is also expected that the deal would enhance Zinpro’s R&D capabilities with animal nutrition experts and resources for new product development.
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