Feed Acidifiers Market Size Will Witness Substantial Growth And Outlook 2032 | BASF SE, Yara International ASA, Kemin Industries, Biomin Holding GmbH, Kemira Oyj

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Feed Acidifiers Global Market Report 2023 identifies rise in the demand for meat and dairy products as the major driver for the Feed Acidifiers market's growth in the forecast period. Meat and dairy products refer to a healthy, balanced diet that includes protein from meat, as well as from fish and eggs. Acidifiers promote the absorption of minerals from animal meat and dairy products by improving nutrient digestibility. For instance, in May 2020, a study by Food Choice and Consumer Preference on willingness to pay for meat alternatives suggests that animal-based meat consumption is on the rise in India, and an estimated 64-74% of the population of India consumes some form of animal-based meat occasionally.

The global feed acidifiers market size grew from $2.48 billion in 2022 to $2.71 billion in 2023 at a compound annual growth rate (CAGR) of 9.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The feed acidifiers market size is expected to grow to $3.55 billion in 2027 at a CAGR of 7.0%.

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Major competitors in the Feed Acidifiers market are BASF SE, Yara International ASA, Kemin Industries, 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, Nutrex NV, ADDCON GmbH, and Koninklijke DSM N.V.

A key trend in the Feed Acidifiers market includes strategic partnerships. Major companies operating in the feed acidifier sector are focused on partnerships to strengthen their position in the market. For instance, in January 2021, Azelis, a Belgium-based service provider to the food industry, partnered with Perstorp AB, a Sweden-based chemical company. Through this partnership, both companies represent themselves in Great Britain for their animal nutrition range of gut health solutions, feed hygiene solutions, acidifiers, silage additives, and total mixed ration and grain preservatives.

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The Feed Acidifiers market is segmented -

By Type: Propionic acid, Fumaric acid, Lactic acid, Formic Acid, Other Types

By Form: Dry, Liquid

By Livestock: Poultry, Swine, Ruminants, Aquaculture, Pets, Other Livestocks

By Compound: Blended, Single

By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Feed Acidifiers market.

The Business Research Company's "Global Feed Acidifiers Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Feed Acidifiers Market Include:
1. Executive Summary
2. Feed Acidifiers Market Characteristics
3. Feed Acidifiers Market Trends And Strategies
4. Feed Acidifiers - Macro Economic Scenario
5. Feed Acidifiers Market Size And Growth
……
26. Africa Feed Acidifiers Market
27. Feed Acidifiers Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Feed Acidifiers Market Market
29. Feed Acidifiers Market Future Outlook and Potential Analysis
30. Appendix

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