“Feed acidifiers market is projected to grow at a CAGR of 6.3%”
The market size is projected to reach USD 2.05 Billion by 2021, at a CAGR of around 6.3% from 2016 to 2021. The global feed acidifiers market has grown exponentially in the last few years.The market drivers include ban of feed antibiotics by Europe, advancement in animal feed, and increasing awareness about animal health & feed quality. Countries in the Asia-Pacific region such as China, Japan, and India are the primary targets of the industry.
“Propionic acid segment is projected to be the largest and fastest-growing segment, by type, from 2016 to 2021”
On the basis of type, the feed acidifiers market is segmented into propionic acid, fumaric acid, lactic acid, formic acid, and others (butyric acid, sorbic acid, malic acid, citric acid and benzoic acid). The propionic acid segment accounted for the largest market share, which is projected to grow at the highest CAGR during the forecast period due to increase in the use of propionic acid as feed additives in animal nutrition. Furthermore, one of the main reasons for this increase is to substitute antibiotic growth promoters, which have been banned as feed additives in the European Union since 2006.
The feed acidifiers market, based on livestock, is segmented into poultry, swine, cattle, aquatics, and others (pets and equine). The poultry segment accounted for the largest share in the global feed acidifiers market in 2015. The poultry segment in the feed acidifiers market is growing as the production of poultry is becoming more intensive and vertically integrated due to continuous technological advancements along with growing economies. The middle-class income also increases the demand for organic and safe poultry meat which in turn is driving the demand of feed acidifiers in this segment.
Complete report on well Feed acidifiers market spread across 196 pages, profiling 8 companies and supported with 116tables and 75 figures is now available at http://www.rnrmarketresearch.com/feed-acidifiers-market-by-type-propionic-acid-fumaric-acid-lactic-acid-formic-acid-others-by-livestock-swine-cattle-poultry-aquatic-animals-others-by-geography-global-trends-foreca-market-report.html
“Blend acidifiers, by function, is projected to be the fastest-growing and largest segment from 2016 to 2021”
Blend acidifiers are gaining a substantial position in feed acidifiers as they are highly influential in the increase of feed intake in animals. Blend acidifiers help in improving feed palatability and enhance the feed intake, thus improving weight gain and growth of animals. The impact of blend acidifiers depends on the applied dosage of particular ingredients. However, the results are more prominent for young animals.
“Asia-Pacific is projected to be the fastest-growing segment from 2016 to 2021”
The demand for feed acidifiers is driven by the increasing demand of natural and organic meat by the customers. Increased awareness among consumers about meat quality and increased meat consumption in the region, high demand for nutritive feed and sustainable animal nutrition products, increased number of livestock, and management of feed operating cost are also driving the Asia-Pacific feed acidifiers market.
Major players include:
BASF SE (Germany)
Yara International ASA (Norway)
BIOMIN Holding GmbH (Austria)
Perstorp Holding AB (Sweden)
Kemin Industries, Inc. (Des Moines, Iowa, U.S.)
The other players which also have a strong presence in this market include:
Impextraco NV (Belgium)
Nutrex NV (Belgium)
Novus International(St. Louis, Missouri, U.S.)
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From an insight perspective, this research report has focused on various levels of analyses—industry analysis (industry trends), value chain, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the global feed acidifiers market, high-growth regions, and market drivers, restraint, and opportunities.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on feed acidifiers offered by the top players in the global market
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the feed acidifiers market
Market Development: Comprehensive information about lucrative emerging markets—the report analyzes the markets for feed acidifiers across regions
Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the global feed acidifiers market
Competitive Assessment: In-depth assessment of strategies, products, and manufacturing capabilities of the leading players in the global feed acidifiers market.