Market Overview:
The global feed acidifiers market is projected to expand by increasing awareness regarding available health benefits to the animals from the feed acidifiers. Increased awareness about the feed acidifiers has raised the feed quality, which, in turn, has increased the share of global feed acidifiers market. In addition to the shifting eating pattern, increasing meat consumption, and the prevention of diseases in livestock are expected to drive the global feed acidifiers market.
Increasing demand for animal feed products with high protein content is driving the growth of the feed acidifiers market. Furthermore, advance processing methods & technologies, and high opportunities in the developing countries are positively supporting the market growth. The market players are responding to these new opportunities by expanding their product offerings, which has boosted the share of feed acidifiers in the global market. Additionally, feed acidifiers market is observing an exponential growth based on its high usage in the feed industry.
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Rising health concerns is one of the major factors contributing to the growth of the global feed acidifiers market. With the growing consumer awareness and their increasing interest in healthy lifestyle, the demand for feed acidifiers has increased to great extent. However, fluctuating prices of raw material and availability of economical alternatives of feed acidifiers may hamper the market growth over the review period. The global feed acidifiers market is expected to grow at a CAGR of 6.8% during the forecast period 2017-2023.
Key Findings:
Application of feed acidifiers in poultry animals is experiencing a higher growth rate
Feed acidifiers have a massive opportunity in the animal feed industry
Jan 2018, Addcon group has recently launched their 3rd generation acidifiers, and have become the global market leader in the feed-acidifiers market. The products are backed by a team of application experts for all animal species.
Industry Segments:
The feed acidifiers market is segmented into type, livestock, and form.
On the basis of the type, it is segmented into formic acid, acetic acid, propionic acid, lactic acid, fumaric acid, citric acid, and others. Among all, the propionic acid segment is dominating the market owing to its high usage as a feed additive to enhance the feed quality. Moreover, restriction on the use of antibiotics in animal feed has uplifted the demand for other acidifiers such as lactic acid and formic acid.
On the basis of the livestock, it is segmented into swine, poultry, ruminants, aquatic animals, and others. Among all, the poultry segment is dominating the market. Feed acidifiers used in poultry feed plays an important role regarding improving animal health, digestibility, and maximum feed utilization.
On the basis of the form, it is segmented into dry, liquid, and others. The dry form segment is dominating the market due to its ease of handling and easy feed intake by animals.
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Regional Analysis:
The feed acidifiers market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). The European region is dominating the market followed by the Asia Pacific owing to the increasing demand for nutritive feed products among the developed countries of these regions. Canada, Germany, the U.K, the U.S., and China are the major importers of feed acidifiers.
Moreover, rising demand for poultry products in countries like the U.S., Canada, and Mexico in the North American region is projected to boost the feed acidifiers market during the forecast period. Additionally, the major key players are actively involved in the research & developments of the product conforming to North American regulations for feed fortification with acidifiers.
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