Europe and Asia-Pacific are the largest consumers of feed acidifier in the world. Growth observed is particularly high in emerging countries such as China, India, and Brazil, because of industrialization, and rising protein and meat consumption. U.S. is the largest market in North America for feed acidifiers.
The market of feed acidifier, by type was worth $1,949.9 million in 2012 and is projected to be $2,616.7 million in 2018, growing at a CAGR of 5.2%. The feed acidifier market is growing steadily due to increase in demand for protein-rich products and increasing meat consumption. The other driving factors for the market are the increasing awareness among farm owners towards role of feed acidifiers in bringing the overall feed cost down and the increasing use of acidifiers in treating animal diseases. The restraining factor for the market is the growth of substitute products such as metabolic peptites, microflora enhancers and herbal products. However, new technology in the feed acidifier segments such as encapsulations and coatings provide future opportunities to the market.
Key participants in the global feed acidifier market are BASF SE (Germany), Kemira OYJ (Finland), Kemin Industries (U.S.), Impextraco (Belgium), and Yara International (Norway).The feed acidifier market is witnessing rapid developments in the areas of product innovation and new technologies, with a focus on increasing efficiency in livestock production. Leading companies are focused on expansion of the business across regions and setting up new R&D centers for carrying out extensive research. Large amount of investments are made by European companies in the Asia-Pacific region to set up new production units to cater to the rising demand in Asia.
Feed Acidifiers Market by Type
Feed Acidifiers By Livestock
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