The global feed acidifiers market size was USD 3,089.89 Million in 2021 and is expected to register a revenue CAGR of 4.3% over the forecast period, according to the latest report by Reports and Data.
Urbanization, rising consumer spending, and rising demand for livestock products are the main factors anticipated to propel market revenue growth over the forecast period. The global feed acidifiers market is also anticipated to be driven by ongoing developments as a result of ongoing Research and Development (RD) investments and rising government funding from different nations around the world. To produce high-quality output, feed acidifiers, including different organic acids and essential oils, are used either individually or in combination with two or more other acidifiers. By producing beneficial bacteria, acidifiers are microorganisms that balance the number of pathogenic bacteria in the gut.
Major factors influencing market revenue growth include growing consumer awareness of and preference for high-quality products, concerns about livestock health, an increase in the prevalence of various livestock diseases, bans on certain antibiotics, the phasing out of certain additives like formaldehyde and ethoxyquin by the European Union (EU), and an increase in global government initiatives and investments.
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Companies profiled in the market report include BASF SE, Yara International ASA, Kemin Industries, Kemira Oyj, Perstorp Holding AB, Novus International, Inc., Corbion N.V., Anpario PLC, PeterLabs Holdings Berhad, and JEFO Nutrition Inc.
Some Key Highlights from the Report
- The propionic acid, formic acid, lactic acid, citric acid, malic acid, sorbic acid, and other segments make up the type-based market for feed acidifiers. In terms of revenue, the propionic acid segment dominated the global feed acidifiers market in 2020. Its use as a feed additive is advantageous because it is a safe organic acidifier that won't harm people, animals, or the environment. The main uses of propionic acid are as a dietary supplement and a significant source of feed additives.
- According to regional analysis, the market for feed acidifiers worldwide is anticipated to grow at the fastest CAGR during the forecast period in the Asia Pacific region. The demand for meat is increasing due to the region's rapid economic growth, especially in China, Japan, India, Thailand, and Thailand for both domestic and export consumption. Due to the region's rising meat consumption, the use of feed additives like acidifiers has increased and is predicted to continue growing at a healthy rate. Pork and poultry are widely consumed in the Asia-Pacific region. As a result of factors like a focus on public health initiatives and meat quality that encourages the intake of low-fat protein sources, poultry demand is predicted to increase in India and China.
- Kemin purchased Agri-Marketing Corp. in January 2018. The pet food, recycling, and animal health and nutrition industries will all be served by the new Kemin website. It will make an effort to become more active by offering a wider range of services.
- At the World Pork Expo in Des Moines, Iowa, US, in June 2016, BASF SE (Germany) and Balchem Corporation (US) introduced Amasil formic acid, which swine producers had approved for use.
- For the purpose of this report, Reports and Data has segmented the global feed acidifiers industry into Type Outlook , Nature Outlook Outlook, Form Outlook, Compound Outlook, Livestock Outlook Regional Outlook:
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Type Outlook (Revenue, USD Billion; 2019-2030)
- Propionic Acid
- Formic Acid
- Lactic Acid
- Citric Acid
- Malic Acid
- Sorbic Acid
- Others
Nature Outlook (Revenue, USD Billion; 2019-2030)
- Organic Feed Acidifiers
- Inorganic Feed Acidifiers
Form Outlook (Revenue, USD Billion; 2019-2030)
- Dry
- Liquid
Compound Outlook (Revenue, USD Billion; 2019-2030)
- Blended Compound
- Single Compound
Livestock Outlook (Revenue, USD Billion; 2019-2030)
- Poultry
- Swine
- Ruminants
- Aquaculture
- Pets
- Others
Regional Outlook (Revenue, USD Billion; 2019-2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Sweden
- BENELUX
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Rest of MEA
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