Feed Acid Market - Global Industry Analysis, Size, Share,Growth, Trends and Forecast, 2013 - 2019
Albany, NY -- (SBWIRE) -- 01/13/2015 -- The feed acid market is poised for moderate growth until 2019, when it is forecast to stand at USD 1,779.3 million, a new study by Transparency Market Research states. The recently-launched report by TMR is titled "Feed Acid Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019". The report finds that the feed acid market was valued at US$1,162.3 million in 2012, and will witness a CAGR of 6.3% in revenue terms from 2013 to 2019.
Demand for feed acid has been on a steady growth path because of the increasing consumption of meat products across the world. This market has also expanded because of several outbreaks of disease among livestock and poultry. However, growth in the feed acid market will be cut back to some extent because of the availability of various alternative products in the market. But, in the backdrop of a number of countries banning antibiotics, there is a strong possibility of new opportunities emerging for the acid feed market players.
The findings of the report show that in 2012, the feed acid market was dominated by Europe and North America, with over 60% of the total market share. Antibiotics have been largely banned in these two markets, prompting companies to resort the use of feed acid products, fuelling the growth of the latter. A strong demand for products that will improve feed utilization also prevails in the markets in Europe and North America, which bodes well for the feed acid market.
Browse the full Feed Acid Market - Global Industry Analysis, Size, Share,Growth, Trends and Forecast, 2013 - 2019 report at http://www.transparencymarketresearch.com/feed-acidifiers-market.html
However, going forward, the share of both of these markets is likely to contract whereas Asia Pacific will gain a lead in the feed acid market by showing the fastest growth. The report says that the Asia Pacific feed acid market will register a 6.6% CAGR between 2013 and 2019 with a proliferation in middle-class households that have more income at their disposal. The population in this region is witnessing a steep rise too, which will cause an increase in the consumption of meat and dairy products.
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While there are hundreds of small and large players with active operations in the global feed acid market, only a few of them are large enough to have an impact on market dynamics. Only a few major players constitute a substantial share of the global feed acid market, as of 2012. Companies in this market rely on third-party distributors to reach consumers. Only a few of them channels that enable direct access to consumers. The leading companies that are profiled in the feed acid market research report are: BASF SE, Provimi SA, ADM Alliance Nutrition, Inc, Trouw Nutrition International B.V., and Yara International ASA.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.