Europe Feed Acidifiers Market was worth USD 457.68 million in 2016 and estimated to be grow at a CAGR of 7.0%, to reach USD 641.92 million by 2021.
Europe has the largest share in the market due to the ban on antibiotic growth promoters in the region that results in the shift towards feed acidifiers.
Acidifiers are included into the feed to keep up low pH in the livestock for the prevention infections, for the activation of digestive enzymes. They are additionally known to substitute the impacts of specific anti-biotics.
These advantages combined with rising awareness, increase in the quality and concerns about strength of livestock and recent ban of feed antibiotics have fueled the growth of the acidifiers market.
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Factors such as increasing demand for protein rich food like dairy and meat, rising awareness about the feed quality, increasing importance for animal health, ban on the antibiotic growth promoters by the European Union are strengthening the growth of the market. Artificial substitutes, increasing new entrants, growth inducing hormones are the limiting the growth 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 Europe market is analyzed under various countries namely the U.K, Spain, Germany, Italy and France.
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Some of the major companies operating in the European feed acidifiers market include Kemira OYJ, Yara international, Kemin Industries, BASF SE, Biomin holding GmbH, Impextraco, Novus International, ADDCON GmbH and Perstorp AB.
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