Feed Acidifiers Market is estimated to be US$ 5.06 billion by 2030 with a CAGR of 5.4% during the forecast period
Feed Acidifiers Market accounted for US$ 2.99 billion in 2020 and is estimated to be US$ 5.06 billion by 2030 and is anticipated to register a CAGR of 5.4%. Feed acidifiers are nutrient enhancers that lower the pH of feed, which helps to restrict the growth of pathogenic intestinal microbes. Acidifiers are organic acids that function as preservatives and inhibit the growth of dangerous intestinal microbes in a variety of industries. Organic acids must be safe and effective in order to become more widely used in cattle feedstuffs. Feed acidifiers are used to boost the possibilities of illness prevention and aid in feed digestion. Addition of feed acidifiers improves feed performance by providing additional nutrients to the animal feed.
The report "Global Feed Acidifiers Market, By Type (Propionic Acid, Formic Acid, Lactic Acid, Citric Acid, Malic Acid, Sorbic Acid, and Others (Fumaric Acid, Tartaric Acid, Butyric Acid, Acetic Acid, and Benzoic Acid)), By Form (Dry and Liquid), By Compound (Blended Compound Acidifiers and Single Compound Acidifiers), By Livestock (Poultry, Swine, Ruminants, Aquaculture, And Others Include Equine and Pets), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Trends, Analysis, and Forecast till 2029’’
Key Highlights:
· In January 2018, Agri-Marketing Corp. was purchased by Kemin. This gave Kemin's products exclusive distribution and production rights in Canada. The new Kemin site will specialise in animal nutrition and health, as well as the pet food and rendering industries. It plans to extend its portfolio in order to expand its business.
Analyst View:
The demand for poultry, ruminants, and other livestock for human consumption has increased in emerging countries, which is driving the global feed acidifier market. The global feed acidifier market is being propelled by reasons such as rising government funding to promote the feed industry's growth and the increased risk of disease in livestock. Feed acidifiers' market development will be aided by rising demand for high-nutrition meat and dairy products, as well as the discontinuation of some other feed additives. The presence of government aid and increased funding for the business, as well as the significant risk of animal diseases, are all aspects that help the target market grow.
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Key Market Insights from the report:
Global Feed Acidifiers Market accounted for US$ 2.99 billion in 2020 and is estimated to be US$ 5.06 billion by 2030 and is anticipated to register a CAGR of 5.4%. Global Feed Acidifiers is segmented into type, form, livestock and region.
· Based on Type, the Global Feed Acidifiers Market is segmented into Propionic Acid, Formic Acid, Lactic Acid, Citric Acid, Malic Acid, Sorbic Acid, and Others (Fumaric Acid, Tartaric Acid, Butyric Acid, Acetic Acid, and Benzoic Acid).
· Based on Form, the Global Feed Acidifiers Market is segmented into Dry and Liquid.
· Based on Livestock, the Global Feed Acidifiers Market is segmented into Poultry, Swine, Ruminants, Aquaculture, And Others Include Equine and Pets.
· By Region, the Global Feed Acidifiers Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape & their strategies of Global Feed Acidifiers Market:
The key players in the global Feed Acidifiers Market includes BIOMIN Holding GmbH, BASF SE limited, Perstorp Holding AB, Yara International ASA Limited, Kemin Industries, Inc., ADDCON GmbH, NOVUS INTERNATIONAL Limited, Corbion N.V., Impextraco NV Corp, Anpario Pvt Ltd.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
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