Growth of global acid feed industry has also resulted in development of organic feeds which help in improving and preserving effectiveness of the feed for the animals.

Albany, NY -- (SBWire) -- 04/26/2016 --The growing demand for feed acid from the poultry industry and processed meat manufacturers has led to the growth of the global feed acid market. Feed acids, which are short-chain fatty acids, are used to increase the shelf life and nutritional value of animal feeds. The global feed acid market was worth US$1,162.3 million in 2012 and with a positive growth at a CAGR of 6.3% expected during the period between 2013 and 2019, the overall market is expected to reach a valuation of US$1,779.3 million by the end of 2019.

Increasing Consumption of Diary and Meat Products to Boost Global Feed Acid Market

Rise in global meat consumption has made it necessary to stress on the quality of livestock and poultry feeds. According to the Food and Agriculture Organization of the United Nations, the global consumption of meat would reach 300 million tons by 2020. Not only meat, but the global consumption of milk and eggs will also increase substantially by 2020. This is expected to boost the feed acid market in the near future. Outbreaks of diseases such as mad cow disease, avian flu, and foot and mouth disease are increasing the need for feed acid to enhance the nutritional value of animal feeds and make livestock resistant to such epidemics. This will propel the growth of the overall feed acid market.

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However, the rapidly rising cost of feed acid has led to the availability of various alternative products and has limited the use of feed acid in animal feed. This is expected to hamper the growth of the global feed acid market. Earlier, antibiotics were widely used in animal production. Regulatory bans on the usage of antibiotics as growth promoters in animal feed has opened new opportunities for the global feed acid market. Feed acid manufacturers are offering a blend of different organic acids for their strong antimicrobial effects. This will further create new opportunities for the overall market.

Asia Pacific to Drive Demand from Global Feed Acid Market

The global feed acid market has been segmented into four key regions: Asia pacific, North America, Europe, and Rest of the World. In 2012, Europe and North America dominated the feed acid market and together accounted for more than 60% of the market. The ban on the usage of antibiotics in animal feed in these two regions has contributed to the growth of the market. In the next couple of years, Asia Pacific is expected to be the fastest growing region of the market, growing at a CAGR of 6.6% during the period between 2013 and 2019. This can be attributed to increasing disposable income of middle-class households in the region, which has led to the increased consumption of dairy and meat products.

Key Players in Global Feed Acid Market

Some of the key players in the global feed acid market are BASF SE, Biomin, Kemin Industries, Jefo Nutrition Inc., Novus International, Provimi SA, and Evialis. Very few players have direct access to consumers and the majority of them reach consumers through third-party distributors.

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