Feed Acidifiers Market Forecasts to 2028 – Global Analysis By Type(Citric Acid, Malic Acid and Others), Form(Dry and Liquid), Nature(Organic and Inorganic), Compound(Blended and Single), Livestock and By Geography
According to Stratistics MRC, the Global Feed Acidifiers Market is accounted for $2.98 billion in 2020 and is expected to reach $5.16 billion by 2028 growing at a CAGR of 7.1% during the forecast period. Increase in consumption of meat and dairy products, government inclination towards the wellness of feed industry and high threat of diseases in livestock are driving the market growth. However, increasing prices of feed acidifiers are hampering the growth of the market.
Feed acidifiers are organic acids combined into the feed for preservative or nutritional purposes. They help in reduction of feed buffer capacity, controlling the microbial growth, inhibit pathogenic bacteria and also improve the nutrient digestibility. Acidifiers are also found to enhance congestion and microbiological balance in the alimentary and digestive tracts of livestock.
Based on the livestock, the poultry segment is going to have lucrative growth during the forecast period as there is an increase in demand for broilers, layers and breeders that are domesticated to produce eggs and meat for commercial consumption. By geography, Asia Pacific is going to have high growth during the forecast period which can be attributed to the rapid economic growth in the region particularly from countries like China, India and Japan.
Some of the key players profiled in the Feed Acidifiers Market include BASF, Yara International, Kemin Industries, Biomin, Kemira, Perstorp, Novus International, Corbion, Impextraco, Addcon Group, Anpario, Peterlabs, Jefo Nutrition, Pancosma and Nutrex.
• Citric Acid
• Formic Acid
• Lactic Acid
• Malic Acid
• Propionic acid
• Sorbic Acid
• Other Types
• Organic Feed Acidifiers
• Inorganic Feed Acidifiers
• Other Livestocks
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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