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The Global Feed Acidifiers Market is Segmented by Type (Lactic acid, Propionic acid, Fumaric acid, and others), by Animal (Ruminant, Poultry, Swine, Aquaculture, and Others), and by Geography (North America, Europe, Asia-Pacific, South America, and Africa).
Fastest Growing Market:
The global feed acidifiers market was valued at USD 1.8 billion in 2018, and it is expected to register a CAGR of 6.09% during the forecast period (2019-2024). Animal feed Acidifiers are organic acids incorporated into the feed for nutritional or preservative purposes. They help to control microbial growth, reduction of feed buffer capacity, inhibit pathogenic bacteria and also improve the nutrient digestibility. Acidifiers are also found to enhance congestion and microbiological balance in the alimentary and digestive tracts of livestock.
Acidifiers included in the feed are known to maintain low pH in the livestock preventing diseases, activating digestive enzymes and promoting the homogenous blending of the feed. They are also known to substitute the effects of certain antibiotics. These benefits combined with rising in awareness, preference in quality and concerns about the health of livestock have fuelled the growth of the acidifiers market globally.
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Animal feed Acidifiers are organic acids incorporated into the feed for nutritional or preservative purposes. According to a 2019 FAS-USDA report, The animal production is increasing every year to meet the growing demand for animal products including egg, meat, and milk leading to the increase in the consumption of animal feeds. According to USDA-FAS, the number of cattle has increased from 965,259 heads in 2015 to 996,361 heads in 2017 globally. Alltech global feed production survey report, 2019, says that the global animal feed production has reached 1.3 billion metric tons in 2018. This rise in animal feed production is expected to drive the animal feed acidifiers market in a positive trend.
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Feed acidifiers market is projected as the fastest growing market among the feed additives. The global feed acidifiers market values USD 1.8 billion in 2018, is expected to register a CAGR of 6.09% during the forecast period 2019-2024. North America, Europe, and South America are the fastest growing market. The increasing meat consumption and high population keep Asia-Pacific as the largest feed acidifiers market.
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The global feed acidifiers market is a concentrated market with few major players including BASF SE, Novus International, Kemin, Biomin and Corbion. The most adopted strategies by these major players to expand their business are mergers and acquisitions, expansions and investments in R&D.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Introduction to Market Drivers & Restraints
4.2 Market Overview
4.3 Market Drivers
4.4 Market Restraints
4.5 Porter's Five Forces Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1.1 Lactic Acid
5.1.2 Propionic Acid
5.1.3 Fumaric Acid
5.3.1 North America
18.104.22.168 Rest of North America
22.214.171.124 Rest of Europe
5.3.3 Asia Pacific
126.96.36.199 Rest of Asia Pacific
5.3.4 South America
188.8.131.52 Rest of South America
5.3.5 Middle East & South Africa
184.108.40.206 Saudi Arabia
220.127.116.11 Rest of Middle -East & South Africa
6. COMPETITIVE LANDSCAPE
6.1 Major adopted strategies
6.2 Mergers & Acquisitions
6.3 Company Profiles
6.3.1 BASF SE
6.3.2 Novus International
6.3.3 Kemin Industries Inc.
6.3.5 Corbion Purac
6.3.6 Perstorp Holding Ab
6.3.7 Yara International Asa
6.3.9 Jefo Nutrition Inc.
6.3.10 Kemira OYJ
7. MARKET OPPORTUNITIES AND FUTURE TRENDS