Rising threat of diseases in livestock and growing awareness among livestock farmers regarding advantages of good animal health and nutrition are some key factors driving growth of the feed acidulants market
Market size: USD 3.01 in 2020, Market Growth: CAGR of 5.5%, Market Trends: Developments in livestock and feed sector along with rapid growth in feed production
The global Feed Acidulants Market size is expected to reach USD 4.5 billion in 2028 and register a CAGR of 5.5% over the forecast period, according to the latest report by Reports and Data. Key factors such increasing consumption of meat and meat products and ban on usage of antibiotics in animal feed are driving market revenue growth.
Feed acidulants are organic or inorganic growth promoters that are mixed with animal feed to increase feed efficiency and improve overall growth and performance of livestock. These additives help to reduce harmful bacteria and maintain microbial flora and gut health in livestock animals. Government initiatives to support and fund the animal feed sector along with increasing awareness about the importance of feed acidulants for animal nourishment are some key factors boosting growth of the feed acidulants market. Moreover, various players in the market are focusing on developing more novel and efficient products in order to expand their product portfolio and retain their position in the highly competitive market.
Factors such as inadequacy in sustaining effectiveness of acidulants due to volatility and increasing prices of feed acidulants are expected to hamper growth of the feed acidulants market over the forecast period.
Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/3969
The report essentially evaluates the significant presence of the global Feed Acidulants market across the world’s major regions. The global Feed Acidulants market has been categorized into several key geographical regions. North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa are the leading Feed Acidulants market regions. In this section of the report, the authors have examined the market share, market size, revenue contribution, sales network, distribution channels, and numerous other aspects of each geographical segment.
Some key highlights From the Report:
The propionic acid segment is projected to account for fastest revenue CAGR during the forecast period. Propionic acid is eco-friendly, easy to handle, and safe for animal consumption through feed. These properties have increased demand for usage of propionic acid in animal feed.
On the basis of compound, the single segment is expected to account for steady revenue growth during the forecast period due to its property to limit growth of pathogenic organisms.
Dry form of feed acidulants is expected to account for significant revenue share during the forecast period as it is easy to store, has low maintenance cost and longer shelf life as compared to liquid feed acidulants.
The feed acidulants market in North America is expected to account for significant revenue growth during the forecast period owing to factors such as increasing demand for protein-rich diet, rising awareness among livestock growers regarding benefits of use of supplements such as feed acidulants in livestock feed, and ongoing developments in the livestock industry.
Asia Pacific is expected to account for largest revenue share in the feed acidulants market and register a CAGR of 4.5% over the forecast period, attributable to advancements in animal husbandry industry, high consumption of meat and dairy products, and rising demand for better meat quality.
BASF SE (Germany), Yara International ASA (Norway), Kemin Industries Inc. (US), Kemira OYJ (Finland), and Biomin Holding GmbH (Austria). Impextraco NV (Belgium), Pancosma (Switzerland), Nutrex NV (Belgium), Perstorp Holding Ab (Sweden), Novus International (US), Jefo Nutrition Inc. (Canada), Anpario plc (UK), Corbion Purac (Netherlands), ADDCON Group (Germany), and Peterlabs holding (Malaysia) are major players in the feed acidulants market.
Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/3969
For this study, Reports and Data has segmented the global feed acidulants market based on type, animal type, compound form, function, and region:
Based On Type (Volume, Kilotons; Revenue, USD Billion, 2018 – 2028)
Based on Animal Type (Volume, Kilotons; Revenue, USD Billion, 2018 – 2028)
Based On Compound (Volume, Kilotons; Revenue, USD Billion, 2018 – 2028)
Based on Form (Volume, Kilotons; Revenue, USD Billion, 2018 – 2028)
Based On Function: (Volume, Kilotons; Revenue, USD Billion, 2018 – 2028)
Based On Region: (Volume, Kilotons; Revenue, USD Billion, 2018 – 2028)
- North America
- Rest Of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
Request customization of the report @ https://www.reportsanddata.com/request-customization-form/3969
Thank you for reading our report. To know more about customization options, please get in touch with us. Our team will ensure the report is tailored to suit your requirements.
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.
Company Name: Reports and Data
Contact Person: John Watson
Email: Send Email
Address:40 Wall St. 28th floor
City: New York City
State: NY 10005
Country: United States