Asia-Pacific Feed Acidifiers Market was worth USD 350.89 million in 2016 and estimated to be growing at a CAGR of 7.50%, to reach USD 503.75 million by 2021.
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Animal feed Acidifiers are organic acids that are mixed in the feed for nutritious or additive purposes. Acidifiers are found to improve the balance between congestion and micro biologicals in the nutritious and digestive related tracts of livestock.
In addition to these, they are also known to substitute the impacts of specific anti-biotics. These market has a huge potential in the region due to improving increasing demand for the meat in the developing countries.
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Drivers such as increasing demand for protein rich food like dairy and meat, increasing importance for animal health, rising awareness about the feed quality are the propelling the growth of the market. Factors such as artificial substitutes, growth inducing hormones, increasing new entrants are acts as restraints of the market.
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The Feed Acidifiers Market is segmented on the basis of Type into Propionic Acid, Fumaric Acid, Lactic Acid, Acetic Acid, Formic Acid, Butyric Acid and Others. On the basis of Livestock, the market is further segmented into Poultry, Swine, Cattle, Aquatics, and Others.
On the basis of Form, the market is segmented into Acidifiers blends and single component Acidifiers. On the basis of geography, the Asia pacific market is analysed under various regions namely Japan, China, Australia, India and ASEAN.
Poultry and ruminant are the major expending portion of feed acidifiers; poultry alone records for around half of the market share in Asia-Pacific.
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Some of the key players in the market are Kemira OYJ, Yara international, Kemin Industries, BASF SE, Biomin holding GmbH, Impextraco, Novus International, ADDCON GmbH and Perstorp AB.
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