Feed Acidifiers Market Share, Size, Trends & Industry Analysis Report By Product Type (Fumaric Acid, Formic Acid, Lactic Acid, Propionic Acid and Others) By Livestock (Swine, Poultry, Aquatics, Cattle & Others) By Regions: Segment Forecast to 2026
The Global Feed Acidifiers Market is estimated to grow at a CAGR of 4.5% during the forecast period 2017-2026. As per the analysis, the global market was valued to reach more than $2.03 billion by the end of the year 2026. Acidifiers are type of microorganism that boost the balance of pathogenic and provide good bacteria in the gut.
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Feed acidifiers helps in boosting the growth of farm animals and act as mold inhibitors that in turn boost the productivity. Also, strict regulations imposed by the regional and national government at global level on usage of antibiotic and growth in demand of quality animal feed act as the major driving factors of the global feed acidifiers market. The market is flourished with various kinds of feed acidifiers in the form of essential oils and organic acids which can be used as a single product or in the combination of two or more acidifiers.
Segmentation Overview of the Global Feed Acidifiers Market
The Global Feed Acidifiers Market is segmented on the basis of Product Type and Livestock Type. These market segments are further categorized into various sub-segments to study the market in detail.
The Product Type Segment of the Global Feed Acidifiers Market is Sub-Segmented into:
- Fumaric Acid
- Formic Acid
- Lactic Acid
- Propionic Acid
The Livestock Type Segment of the Global Feed Acidifiers Market is Sub-Segmented into:
Geographical Overview of the Global Feed Acidifiers Market
On the basis of geographical segmentation, the global feed acidifiers market was studied across North America (U.S., Canada); Europe (Germany, UK, France); Asia Pacific (China, India, Japan); Latin America (Brazil, Mexico); Middle East & Africa. As per the analysis, Asia Pacific is predicted to witness the fastest market growth due to growth in number of feed processors in the region. The increase in number of meat processors and shift in consumer preference towards organic food products are some regional growth factors. Also, as per the studies, the European region estimated as the largest market share by the end of the year 2026. In the European region, Spain was the first country to ban antibiotics, also, some other countries in the European Union fully banned the usage of remaining antibiotics in feed processing including monensin-Na, avilamycin, salinomycin-Na and flavophospholipol. That in turn create a huge demand for feed acidifiers specifically for the farm animals.
Key Players Insights
Chr. Hansen Holding A/S, Lallemand, Inc., Beneo Group, Kemin Industries, Addcon, Novus International, Inc., Koninklijke DSM N.V, Cargil, BASF SE, Yara International ASA, Kemin Industries, Inc., Kemira OYJ, Novus International, Inc., Perstorp Holding AB, Biomin Holding GmbH, Impextraco NV, Pancosma SA and Nutrex NV are some major players included in the research study of the global feed acidifiers market. The key companies included in the market study are adopting various competitive strategies to acquire majority of market share in the long-term. The range of strategical developments include product launches, partnerships, collaborations, mergers and acquisitions, and joint ventures among others in the global feed acidifiers market.
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