Feed Acidifiers Market Industry Growth 2022-28
The global feed acidifiers market size was valued at USD 2.69 billion in 2021 and is poised to grow at a significant CAGR of 4.3% during the forecast period 2022-28. Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and --other qualitative sections with an in-depth TOC on “Feed Acidifiers Market: by Acidifier Type (Fumaric acid feed acidifier, Lactic acid feed acidifier, Propionic acid feed acidifier, Formic acid feed acidifier, Others), Product Type (Single acidifiers, Blend acidifiers), Species (Cattle, Poultry, Aquaculture, Swine, Sheep, Others), Geography (North America, Latin America, Europe, Asia Pacific and Middle East and Africa)- Global/Region/Country Forecast to 2028”
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Growing demand for healthy meat and livestock products is expected to boost the Feed Acidifiers Market
Organic acids available in the feed used as preservatives and for nutritional purposes are called as feed acidifiers. Formic, fumaric, lactic and propionic acid are the most commonly used feed acidifiers. Feed acidifiers have the potent to augment the congestion and the microbiological balance in the alimentary and digestive tracks of livestock. Feed acidifiers have several benefits to provide like prevent microbial growth, improve the digestion of nutrients, reduce the feed bugger capacity and inhibit pathogenic bacteria. These acidifiers are necessary nutrients combined with the basic feed mix in little quantities for improving the health in livestock.
Feed acidifiers market is witnessing considerable CAGR rate because of the growing adoption of animals. A few more factors that are anticipated to fuel the growth of market over the evaluation time span such as growing consciousness regarding the quality of animal health and animal feed and increase in the demand for livestock products and healthy meat. Furthermore, ban on different antibiotics and multivitamins by different regulatory agencies like EU, USDA and FDA and increase in the occurrence of different illnesses like avian and bird flu in poultry and swine flu might impel the growth of market in forthcoming years. But, the lack of consciousness regarding feed acidifiers in untrained farmers and use of artificial growth supplements like hormones and drugs might hampers the growth of market over the evaluation time span.
Asia Pacific Dominates the Feed Acidifiers Market
Asia Pacific experiences considerable growth in feed acidifiers market due to the growing demand for dairy products and healthy meat mainly in Japan, India and China. A few more factors such as increasing expenditure for animal welfare and growing livestock adoption rate boost the growth of Asia Pacific market. Europe exhibits a huge share in feed acidifiers market because of prohibition of different multivitamins and antibiotics, rise in the owning of pet animals and growing R&D activities. North America feed acidifiers market is experiencing growth because of the growing consciousness regarding feed acidifiers, prohibition on a few antibiotics and multivitamins for the veterinary purpose and high pet animal adoption rate.
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Competitive Analysis - Feed Acidifiers Market
A few major profiles of the feed acidifiers market 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.).
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