Description
Global Feed Acidifiers Market Research Report—Forecast till 2026
Market Dynamics
Global Feed Acidifiers Market is anticipated to exhibit a CAGR of 4.9% to surpass USD 3,109.11 Million during the review period. Feed acidifiers are added substances added to take care of to advance the gut soundness of the domesticated animals by balancing the gut microbiota. Acidifiers utilized in feed have bacteriostatic and bactericidal properties that guide in controlling the development of hurtful organisms in the gastrointestinal lot. Feed acidifiers are natural and inorganic acids and their salts. The worldwide feed acidifier market has seen huge development throughout the most recent couple of years. Feed acidifier is broadly utilized as a substitute for feed anti-toxins throughout the most recent decade, and the interest is expanding at a consistent development rate.
The feed acidifiers market is expected to contribute the significant market growth during the review period owing to the rising consumption of meat products and population growth in emerging economies. The expanding cost of the item is foreseen to limit the development of the market during the conjecture time frame. Also, the accessibility of substitutes in the market is relied upon to represent a significant test to the worldwide feed acidifier market during the conjecture time frame. The different feed acidifiers, for example, citrus, formic, fumaric, and lactic corrosive guide in improving the assimilation and maintenance of minerals, which incorporate magnesium, phosphorus, zinc, and calcium. Along these lines, it expands the organic estimation of domesticated animals just as restricting the discharge cycle.
Market Segmentation
Global Feed Acidifiers Market has been classified based on Type, form, compound, and livestock. Based on the type segment the global market has been categorized into Propionic Acid, Formic Acid, Lactic Acid, Sorbic Acid, Citric Acid, Malic Acid, Butyric Acid, Lauric Acid, and Others.
Based on the form type, the market has been bifurcated into dry and liquid. The liquid segment is anticipated to register higher growth during the research. In terms of the compound, the market is segmented into single and blends.
By the livestock segment, the global feed acidifiers market has been segmented into poultry, swine, ruminants, aquaculture, and others. The poultry segment is expected to contribute the largest revenue share of the global feed acidifiers market owing to the highest market share in 2019.
Regional Analysis
Region-specific analysis of the global feed acidifiers market has been classified into North America, Europe, Asia-Pacific, and the Rest of the World.
Europe is expected to contribute the largest share of CAGR 4.4% of the feed acidifiers market during the forecast period owing to the highest market share of 38.15% in 2019. The regional market growth is driven by the rising awareness about food safety among European farmers, along with stringent regulations implemented by the European Commission.
Major Players
The Major Players in the Global Feed Acidifiers Market are Kemin Industries, Inc. (US), BASF SE (Germany), Yara (Norway), Perstorp (US), Biomin Holding GmbH (Austria), Addcon GmbH (Germany), Impextraco NV (Belgium), Novus International (US), Corbion NV (Netherlands), and Pancosma (Switzerland).
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
