Global Feed Acidifiers Market was worth USD 1525.6 million in 2016 and is projected to grow at a CAGR of 6.70%, to reach USD 2109.9 million by 2021.
Animal feed Acidifiers are organic acids joined in the feed for nutritious or additive purposes. Feed Acidifiers help to control microbial development, reduction of feed buffer limit, control of pathogenic microscopic organisms and also enhance the nutrient digestibility.
Acidifiers can also found to improve the balance between congestion and micro biologicals in the nutritious and digestive related tracts of livestock.
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Increasing demand for protein rich food like dairy and meat, increasing importance for animal health, rising awareness about the feed quality, ban on the antibiotic growth promoters by the European Union are the factors driving the growth of the market.
Artificial substitutes, growth inducing hormones, increasing new entrants are the major factor restraining the growth of the market.
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. Geographically, this market is further segmented into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa.
Propionic acid has a largest share in the feed acidifiers market. Abundant accessibility of propionic acid combined with adequate supply has been the main consideration for its predominance in feed acidifiers market in the recent years.
Major companies in this market are conducting R&D to increasing production efficiency and achieve product innovation.
Some of the major companies operating in the global feed acidifiers market include Kemira OYJ, Yara international, Kemin Industries, BASF SE, Biomin holding GmbH, Impextraco, Novus International, ADDCON GmbH and Perstorp AB.
Scope of the Report
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