Feed Acidifiers market size, Future Trends, Growth Insights, Key Players, and Industry Dynamics by 2027
Acidifiers-induced feeds are currently trending as
they induce digestibility of feed but also offer many health benefits to the
animals. Using acidifiers-induced feed
ensures faster weight gain among livestock than conventionally fed animals.
Resultantly, acidifiers have become a vital additive for animal feed products
and the global Feed Acidifiers market size witnesses a colossal demand.
According to Market Research Future (MRFR), the
global Feed
Acidifiers market size is poised to
touch a valuation of USD 3.6 BN by 2024. In its recently published analysis,
MRFR also asserts that the market would register a CAGR over 5% throughout the
forecast period (2017 – 2023). The market is predominantly driven by the
rapidly increasing population, worldwide, which is creating a massive demand
for animal protein or animal food products such as meat/milk.
Key
Players
Players leading the global Feed Acidifiers market
size are Kemin Europa NV (Belgium), BASF SE (US), BIOMIN Holding GmbH
(Austria), Corbion NV (the Netherlands), Impextraco NV (Belgium), Novus
International, Inc. (US), Kemira OYJ (Finland), Yara International ASA
(Norway), Jefo Nutrition Inc. (Canada), Perstorp Holding AB (Sweden), and
others.
Market Segmentation:
The report is segmented into four market dynamics to widen the scope of
understanding,
By Type : Acetic Acid,
Formic Acid, Propionic Acid, Fumaric Acid, Lactic Acid, and Citric Acid, among
others.
By Livestock : Poultry, Swine,
Ruminants, and Aquatic Animals, among others.
By Form : Liquid and Dry,
among others.
By Regions : Europe, North
America, Asia Pacific, and the Rest-of-the-World.
Access Report @
https://www.marketresearchfuture.com/reports/feed-acidifiers-market-5510
Regional Analysis
The Asia Pacific region dominates the
global Feed Acidifiers market size with the largest market share. Ever-increasing population and increasing
consumption of meat products are the key factors pushing up the regional market
growth. Besides, rapidly growing markets in India and China contribute to the
regional market growth, majorly. China, backed by its large meat market
accounts for the major contributor to the regional market growth, creating
tremendous market demand. Simultaneously, the growing demand for milk is boosting
the Feed Acidifiers market size in the region.
The Feed Acidifiers market size in
developed regions such as Europe and North America are growing rapidly too.
Increasing demand for feed supplement products led by the rising demand for
poultry and swine products escalates the Feed Acidifiers market size in these
regions. Moreover, the increasing demand for protein intake accelerates market
demand, boosting the sales, especially in the swine and poultry segments.
NOTE: Our Team of Researchers are Studying Covid19 and
its Impact on Various Industry Verticals and wherever required we will be
considering Covid19 Footprints for Better Analysis of Market and Industries.
Cordially get in Touch for More Details.
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