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Feed Acidifiers Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region
Feed Acidifiers Market
The Business Research Company offers in-depth market insights through Feed Acidifiers Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The feed acidifiers market size has grown strongly in recent years. It will grow from $2.69 billion in 2023 to $2.91 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to livestock industry expansion, disease control, antibiotic reduction, improved feed conversion, regulatory compliance.
The feed acidifiers market size is expected to see strong growth in the next few years. It will grow to $4.05 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to sustainable livestock farming, global food security, ongoing need for antibiotic alternatives, growing demand for health and wellness, ongoing research and development efforts. Major trends in the forecast period include organic and natural acidifiers, organic and natural acidifiers, microencapsulation technology, acidifier blends and combinations, probiotic and acidifier synergy.
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Market Segmentation:
The main types of feed acidifiers are propionic acid, fumaric acid, lactic acid, formic acid, and others. The propionic feed acidifiers are used to reduce acidogenesis and when propionic acid is added to a glucose-containing growth medium, a random copolymer consisting of 3-hydroxybutyrate and 3-hydroxy valerate is formed. The various forms include dry, and liquid, divided by livestock into poultry, swine, ruminants, aquaculture, pets, and others. The several compounds are blended into singles.
Major Driver - Increasing Meat And Dairy Product Demand Fuelling Growth In The Feed Acidifier Market
The rise in the demand for meat and dairy products is expected to propel the growth of the feed acidifier market going forward. 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 2022, according to the Food and Agriculture Organization of the United Nations, an Italy-based spiralized agency, global meat production is anticipated to reach 360 million tons (measured in carcass weight equivalent) in 2022, representing a 1.2% increase from 2021. Additionally, the output of beef is expected to reach 73.9 million tons globally in 2022, representing a 1.4% increase from the previous year. Moreover, according to the food and agriculture organizations of the United States, by 2025, global milk output is expected to expand by 177 million tons, with an average annual growth rate of 1.8%. Therefore, the growing demand for meat and dairy products is driving the growth of the feed acidifier market.
Competitive Landscape:
Major companies operating in the feed acidifiers market include 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, Koninklijke DSM N.V., Diamond V, Bluestar Adisseo Nutrition Group Ltd., Alltech Inc., Borregaard AS, Cargill Inc., Provimi Holding BV, Selko Feed Additives, Trouw Nutrition International, Vetagro S.p.A., Produktionsgesellschaft mbH, Chr. Hansen Holding A/S, Danisco Animal Nutrition, Devenish Nutrition Limited
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Top Trend - Feed Acidifier Market Embracing Strategic Partnerships For Market Expansion
Strategic partnerships are a key trend gaining popularity in the feed acidifier market. 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. Furthermore, in June 2022, Evonik Industries AG, a Germany-based feed additives company, partnered with AgTech Garage, a Brazil-based agribusiness networking company Through this partnership, Evonik increased proximity and collaborative opportunities with the regional agribusiness network.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Feed Acidifiers Market Characteristics
3. Feed Acidifiers Market Trends And Strategies
4. Feed Acidifiers Market - Macro Economic Scenario
5. Feed Acidifiers Market Size And Growth
…..
27. Feed Acidifiers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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