Market Research Store: Global Feed Acidifiers Market is estimated to be $2.8 billion in 2014 and is poised to reach $4.61 billion by 2022 growing at a CAGR of 6.4%.
Deerfield Beach, FL -- (SBWIRE) -- 09/22/2015 -- Global Feed Acidifiers Market Outlook (2014-2022)
The Global Feed Acidifiers Market is estimated to be $2.8 billion in 2014 and is poised to reach $4.61 billion by 2022 growing at a CAGR of 6.4%. The factors that are favouring the market are industrialization of livestock industry and changing demographics in Asia-Pacific and South America. However, regulatory framework, Price volatility of Agro-commodities, new entrants into the market are the challenges faced by the market. The increasing use of feed acidifiers to treat animal diseases creates opportunities for the market. Whereas, factors such as substitute products like micro flora enhancers and herbal product are restraining the market growth.
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Feed Acidifiers Market is segmented by type, by product, by stock and by geography. Based on type, market is further segmented into Formic acid, Fumaric acid, Lactic acid and Propionic acid. Based on product, market is categorized as Carotenoids, Enzymes, Herbal products, Microflora enhancers and Probiotics. Based on stock, market is classified as Aquatic animals, Cattle, Poultry and Swine. By geography, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World. Significant mergers and acquisitions, collaborations, and joint ventures are the industry trends that are playing a major role for the market growth.
The key players in the Feed Acidifiers Market include Addcon Group GmbH, Biomin GmbH, Impextraco, Jefo Nutrition Inc., Kemin Industries, Inc., Novus International, Perstorp Holding Ab, Taminco NV, Selko Feed Additives and Yara International ASA.
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