Market Size of South America Feed Acidifiers Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 5.80 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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South America Feed Acidifiers Market Analysis
South America feed acidifiers market is estimated to register a CAGR of 5.8% during the forecast period (2020 - 2025). Feed acidifiers improve digestion by controlling harmful bacteria in the gut. The growing animal production industry and the requirement of a healthy animal diet are the prime drivers of the market. Brazil and Argentina are the leading South American countries in terms of market value. The South America feed acidifiers market is highly consolidated with few players holding a major share in the market.