Feed Acidifiers Market Industry Analysis & Forecasts to 2023

The feed acidifiers market is estimated to grow from USD 2.7 billion in 2018 to USD 3.5 billion by 2023, at a CAGR of 5.1% during the forecast period. The major factors driving the feed acidifiers market include the rising consumption of livestock by-products, high threat of diseases in livestock, growing government aids or funds promoting the wellness of the feed industry, and ban of antibiotics in the European Union (EU). The feed acidifiers market is experiencing strong growth due to initiatives being taken for improving animal health globally.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=163262152

By livestock, the poultry segment is projected to dominate the feed acidifiers market during the forecast period.

By livestock, the feed acidifiers market is subsegmented into poultry, swine, ruminants, aquaculture, and others. The poultry segment is projected to dominate the feed acidifiers market during the forecast period. Poultry currently accounts for the largest meat production segment in the global meat industry. Broilers, layers, and breeders that are domesticated to produce eggs and meat for commercial consumption are considered as “poultry.”

By type, the propionic acid segment is projected to dominate the feed acidifiers market during the forecast period.

Propionic acid stands as the most widely used feed acidifier in the market. Being an organically sourced acidifier, its usage as a feed additive remains a favorable one, as it is safe for consumers, animals, and the environment alike. Even when used as a chemical preservative, the acid is a generally recognized safe (GRAS) substance by the USFDA, when used in accordance with the Feed Additive regulation, and as a good manufacturing or feeding practice.

As a feed additive, propionic acid is majorly used as a supplement and as a source of nutrition. Propionic acid is also used in the ensiling process for poultry feed, as it improves silage production and provides aerobic stability in silages. It also helps curb bacterial growth in molds, and hence, can also be used as a preservative in animal feed. The preservative effect of propionic acid thereby aids the prevention of feed nutrient losses and mycotoxin formation. Additionally, propionic acid also helps prevent fertility disorders, digestive problems, and immune deficiency in livestock. Such factors have helped propionic acid to maintain dominance in the feed acidifiers market.

By form, the dry segment is projected to dominate the feed acidifiers market during the forecast period.

Feed acidifiers are most widely used in their dry form. Most companies in the feed acidifiers market offer their products in the dry form, due to its ease of usage, storage, and transportability. These products are widely used in feed formulations due to their free-flowing structure and their ability to provide consistency. Such factors are expected to drive the market for the dry form of feed acidifiers during the forecast period.

The increased demand for animal products in countries such as China and India is expected to drive the market for feed acidifiers in Asia Pacific.

With rapid economic growth in the region, the demand for meat is rising, especially in countries such as China, India, Japan, and Thailand, for both domestic consumption as well as exports. This increased demand for meat has triggered meat production in the region, due to which the uptake of feed additives such as acidifiers has increased and is expected to witness a healthy growth rate

Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=163262152

Key players are BASF SE, Yara International ASA, Kemin Industries, Inc., Biomin Holding GmbH, Kemira Oyj, Perstorp Holding AB, Novus International, Inc., Corbion NV, Impextraco NV, Addcon Group GmbH, Anpario PLC, Peterlabs Holdings Berhad, Jefo Nutrition, Inc., Pancosma SA, and Nutrex NV.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.