Global Feed Acidulants Market is expected to grow at a CAGR of 7.3% during the forecast period from 2019-2025

As per the report published by Fior Markets, the global feed acidulants market is expected to grow from USD 2,130.5 Million in 2017 to USD 3,738.6 Million by 2025 at a CAGR of 7.3% during the forecast period from 2018-2025. TheAsia Pacific region is dominating the market because of growth of feed production and feed additives in the region. The demand for meat and dairy products is projected to rise with the rapid economic growth in the region, particularly in countries such as China, India, Japan, and Thailand for both domestic consumption as well as exports.

Feed Acidulants Market by Type (Propionic Acid, Formic Acid, Citric Acid, Lactic Acid, Sorbic Acid, Malic Acid, Acetic Acid and Others), Compound, Function, Form, Animal Type, Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025.

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Prominent companies in the industry include BASF SE, Yara International ASA, Kemin Industries Inc., Kemira OYJ, and Biomin Holding GmbH. Impextraco NVamong others. Leaders are providingbetter opportunities and continuously focused on new product developments and venture capital investments to capture market share.For instance, in July 2018, BASF launched a low-corrosive organic acid, Lupro-Cid NA in Japan. Lupro-Cid NA enables high-quality silage preparation under challenging conditions. Thus, it would help dairy farmers protect feed quality and improve safety during silage making.

The type segment is classified into propionic acid, formic acid, citric acid, lactic acid, sorbic acid, malic acid, acetic acid, and others. The propionic acid segment is dominating the feed acidulants market and valued with USD 623.17 Million in 2017. Propionic acid is also used in the ensiling process for poultry feed, as it improves silage production and provides aerobic stability in silage. It is also be used as a preservative in animal feed. The compound segment includes a blended and single compound. The blended segment is dominating the market with the highest share of 60.20% in 2017. Blended acidulant compounds help to remove harmful microorganisms in feed and promotes beneficial microbial growth in the gut. Function segment is divided into segments such as a PH control, feed efficiency, and flavor. PH control segment is dominating the market and valued around USD 1,020.50 Million in 2017. Rising consciousness towards animal health and nutritional diet drives the segment. The form segment includes dry and liquid. The dry segment held a market share of 64.30% in 2017. Pellets, powder, and crumbles are the three forms of dry feed available in the market. Most feed additive manufacturers in the market provide their feed acidulant in the dry form due to its ease of usage, storage, and transportation. The animal type segment includes poultry, swine, ruminants, aquaculture, pets and equine. The poultry segment is dominating the market and valued around USD 641.28 Million. High growth of poultry meat production is driving the demand for superior quality feed, thereby propelling market growth.

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Increase in demand for meat and dairy products is a major factor driving the market. In addition, the rising risk of diseases in livestock also influences demand. However, soaring prices of feed acidulants may obstruct the growth of the market. Nevertheless, the use of encapsulation processes in feed acidulants may boost the market in forthcoming years

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