Feed Acidulants Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026
Sarasota, FL -- (SBWIRE) -- 02/26/2019 -- Global Feed Acidulants Market: Overview
Feed acidulants are organic growth promoters that are included in feed to enhance the feed quality, by reducing bacterial content and maintaining the nutritive value; this helps improve animal growth and performance. Feed acidulants are applied directly as a single ingredient or as blends into feedstuffs, especially for swine and poultry.
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Global Feed Acidulants Market: Growth Factors
The feed acidulants market is driven by various factors such as growth in animal husbandry, increase in demand for feed and feed additives, rise in awareness among livestock rearers for animal nutrition value, and ban on antibiotics in feed as natural growth promoters. Furthermore, rise in the government funding in the feed industry along with massive threat of ailments in livestock or pet animals will further boost the growth of feed acidulants market in the years ahead.
However, inefficiency in maintaining the potency of acidulants through the logistical chain due to volatility can hinder the growth of this market in the years ahead. Nevertheless, the ban on using antibiotics in feed is projected to steer the overall growth of feed acidulants market in the years ahead. Growing significance of animal health for meat production along with rising demand for livestock products along with awareness pertaining to animal health & feed quality will enhance the scope of the business in the near future.
Global Feed Acidulants Market: Segmentation
The global feed acidulants market can be classified based on the product type, animal type, compound, and form. Based on the product type, the market is sectored into Propionic Acid, Formic Acid, Citric Acid, Lactic Acid, Sorbic Acid, Malic Acid, and Acetic Acid. On the basis of animal type, the market is segmented into Poultry, Ruminants, Swine, Aquaculture, Pets, and Equine.
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Global Feed Acidulants Market: Regional Analysis
Based on regions, the global feed acidulants market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Asia Pacific is projected to dominate the feed acidulants market during the forecast period. Emerging economies such as China, Japan, and India have favorable market potential for feed acidulants. Furthermore, the increasing demand for meat has triggered meat production in the region, due to which the uptake of feed additives such as acidulants has increased in the region.
On the other hand, there has been an increase in the production as well as consumption of dairy products in the region and this is expected to enhance the feed acidulants market size in the Asia Pacific region.
The feed acidulants market in Latin America is estimated to grow at the highest CAGR during the forecast period. This growth is attributed to the development of the animal husbandry sector in the region along with rising income levels in emerging economies such as Brazil.
In addition, ban on use of antibiotics in the form of animal growth promoter in regions such as U.S. and European Union will garner massive growth of market in North America and Europe.
Global Feed Acidulants Market: Competitive Players
The feed acidulants market is dominated by key players such as ASF SE (Germany), Yara International ASA (Norway), Kemin Industries Inc. (U.S.), Kemira OYJ (Finland), and Biomin Holding GmbH (Austria). Impextraco NV (Belgium), Pancosma (Switzerland), Nutrex NV (Belgium), Perstorp Holding Ab (Sweden), Novus International (U.S.), Jefo Nutrition Inc. (Canada), Anpario plc (UK), Corbion Purac (Netherlands), ADDCON Group (Germany), and Peterlabs holding (Malaysia)
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Global Feed Acidulants Market: Regional Segment Analysis
The Asia Pacific
The Middle East and Africa
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Important changes in market dynamics
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