(MENAFN- Market Press Release) March 11, 2022 5:04 am - Feed acidulants is widely used in dry form. Dry feed is available in the form of pellets, powder, and crumbles. It is a largely produced and consumed, globally.
The feed acidulants market is projected to grow from USD 2.7 billion in 2018 to USD 3.5 billion by 2023, at a CAGR of 5.1% during the forecast period. The market is driven by the rising consumption of meat and dairy products, the high threat of diseases in livestock, and the ban of antibiotics in the European Union (EU).
Download PDF brochure: propionic acid segment is projected to grow at the highest CAGR in the global feed acidulants market during the forecast period
The feed acidulants market has been segmented, on the basis of type, into eight major categories: propionic acid, formic acid, citric acid, lactic acid, sorbic acid, malic acid, acetic acid, and others. Propionic acid is also used in the ensiling process for poultry feed, as it improves silage production and provides aerobic stability in silage. It also helps curb bacterial growth in molds, and hence, can also be used as a preservative in animal feed. The preservative effect of propionic acid thereby aids the prevention of feed nutrient losses and mycotoxin formation. The growing demand for feed preservation without affecting the natural properties of the feed is driving this market.
The dry segment, by form, is estimated to dominate the market
The dry segment is projected to dominate the market during the forecast period. Most companies in the feed acidulants market offer their products in the dry form, due to its ease of usage, storage, and transportability. These products are widely used in feed formulations due to their free-flowing structure and their ability to provide consistency. Such factors are expected to drive the market for the dry form of feed acidulants during the forecast period.
Make an Inquiry: America is projected to grow at the highest CAGR during the forecast period
The market in South America is estimated to grow at the highest CAGR in the market during the forecast period. This growth is attributable to the development of the animal husbandry sector in the region that has promoted an increase in the consumption of feed additives such as acidulants; rising income levels in emerging economies such as Brazil and Argentina, which is supporting consumer inclination to better quality meat and other livestock products; rising demand for meat from this region.
Major vendors in the feed acidulants market include BASF SE (Germany), Yara International ASA (Norway), Kemin Industries Inc. (US), Kemira OYJ (Finland), and Biomin Holding GmbH (Austria). Impextraco NV (Belgium), Pancosma (Switzerland), Nutrex NV (Belgium), Perstorp Holding Ab (Sweden), Novus International (US), Jefo Nutrition Inc. (Canada), Anpario plc (UK), Corbion NV (Netherlands), ADDCON Group (Germany), and Peterlabs Holding (Malaysia) are other players that hold a significant share in the feed acidulants market.
MarketsandMarketsâ„¢ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companiesâ€TM revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarketsâ„¢ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarketsâ„¢ are tracking global high growth markets following the 'Growth Engagement Model â€“ GEM'. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write 'Attack, avoid and defend' strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarketsâ„¢ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarketsâ„¢ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarketsâ€TMs flagship competitive intelligence and market research platform, 'Knowledgestore' connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact: For more information:
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441