Driven by the strong demand for high quality protein food such as pork, beef, and poultry meat, and subsequent rise in animal production, the global market for feed acidifiers is projected to reach $1.54 billion by the year 2017. Growing demand from developing markets such as Latin America and Asia-Pacific also augurs well for the future of this market.
Given the fast growing demand for protein diet, such as milk, egg, and white & red meat across the globe, the need for quality animal feed that can help increase volume of animal produce in poultry, swine, ruminant and aquaculture industries is on the rise. Capable of enhancing nutritional value of animal feed, thus promoting animal growth, welfare, and animal productivity, feed additives have become an important part of animal diet. Sustainability and industrialization of animal protein production, the need for cost-efficient use of agro-commodities, and increased focus on quality of ingredients for animal feed production against the backdrop of heightened concerns over food safety will contribute towards growth in the animal feed additives market over the next few years.
This robust demand for animal feed in turn, will have a ripple effect, driving market prospects even for animal feed additives such as feed enzymes, feed antibacterials, feed amino acids, vitamins and minerals, and feed acidifiers. Feed acidifiers, in particular will gain increased popularity, thanks to their ability to accelerate animal growth, optimize feed utilization, and maintain animal health, thereby serving the global demand for quality animal produce.
The total ban imposed by the European Union on use of antibiotic growth promoters in 2006, and subsequent phase out of last four AGPs from the market continues to be primary growth driver for global Feed Acidifiers market. With other regional markets also having to comply with the EU regulation in order to continue their exports to the region, the stage is set for rapid growth in demand for feed acidifiers globally. With the current world population towering over 6.8 billion mark, and global per-capita meat consumption likely to increase by 4.5 kg over the next 10 years, the demand for natural and organic feed additives, such as feed acidifiers will feel the trickle down impact of the buoyant demographic trends. Strong demand for poultry and swine meat, especially in Asia-Pacific and Latin America will drive demand for feed acidifiers in these segments.
Most predominantly associated with swine feed, application of feed acidifiers for other species of livestock such as cattle and poultry, although still in early stages, is likely to emerge into a robust market segment driving tremendous market opportunities for the overall feed acidifiers market in the years to come. Growth in the market will also gain pace, as suppliers and customers realize the potential benefits of feed acidifiers. New products, which can offer price competitiveness, ease of handling, greater efficacy and stability and product improvements, especially stand to gain market share in the highly competitive marketplace.
According to Global Industry Analysts, Europe is the most prominent regional market for feed acidifiers. By product, Propionic Acid continues to remain the largest market segment. Fumaric Acid represents the fastest growing feed acidifier segment, waxing at a CAGR of more than 5.0% over the analysis period.
Major players in the marketplace include Addcon Group GmbH, BASF SE, Biomin GmbH, Furst-McNess, Impextraco Belgium, Jefo Nutrition, Inc., Kemin Europa NV, Kemira Oyj, Novus International, Inc., Perstorp AB, Purac America, Trouw Nutrition Netherlands, and Yara International ASA, among others.
The research report titled Feed Acidifiers: A Global Strategic Business Report provides a comprehensive review of market trends, issues, drivers, company profiles, and key strategic industry activities. Product segments analyzed include Formic Acid, Lactic Acid, Fumaric Acid, Propionic Acid, and Others. The study presents market estimates and projections for feed acidifiers across all key geographic segments, including US, Canada, Japan, Europe, Latin America, and Rest of World.©Global Industry Analysts.
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