Global Feed Acidifiers Market
The global Feed Acidifiers market was valued at USD 1.52 billion in 2016 and is projected to reach USD 2.59 billion by 2025, growing at a CAGR of 6.1% from 2017 to 2025.
The ban on in-feed antibiotics is the major reason behind growing demand for feed acidifiers. The growing importance surrounding gut health has forced manufacturers to include feed acidifiers in their formulations. The rapidly evolving animal husbandry industry in Asia Pacific is expected to have boost consumption.
1. Market Drivers
1.1 Product innovation in animal feed industry
1.2 Ban on antibiotics by European Union
2. Market Restraints
2.1 Rise in prices of feed ingredients
2.2 Rise in usage of artificial growth inducing hormones
The global Feed Acidifiersmarket is segmented on the livestock, type, form, and region.
1. By Livestock:
1.4 Aquatic Animals
2. By Type:
2.1 Formic Acid
2.2 Fumaric Acid
2.3 Propionic Acid
2.4 Lactic Acid
3. By Form:
3.1 Acidifier Blends
3.2 Single Component Acidifiers
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. BASF SE
2. Pancosma SA
3. Yara International ASA
4. Nutrex NV
5. Kemira OYJ
6. Biomin Holding GmbH
7. Kemin Industries
8. Impextraco NV
9. Novus International Inc.
10. Perstorp Holding AB
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Feed Acidifiers Marketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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