Global Feed Acidifiers Market - Forecast to 2023: Market is Dominated by BASF, Yara International, Kemin Industries, Kemira and Biomin

DUBLIN, Aug 24, 2018 /PRNewswire/ --

The "Feed Acidifiers Market by Type (Propionic Acid, Formic Acid, Lactic Acid, Citric Acid, Sorbic Acid, Malic Acid), Form (Dry, Liquid), Compound (Blended, Single), Livestock (Poultry, Swine, Ruminants, Aquaculture), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The feed acidifiers market is estimated to be valued at USD 2.73 billion in 2018 and is projected to reach USD 3.50 billion by 2023, at a CAGR of 5.1% during the forecast period.

The market is driven by the growing government aids or funds in the feed industry and high threat of diseases among livestock.

The feed acidifiers market, based on type, has been segmented into propionic acid, formic acid, citric acid, lactic acid, sorbic acid, malic acids, and others. The market for propionic acid is estimated to dominate in 2018, and is projected to grow at a significant rate during the forecast period. Being an organically sourced acidifier, its usage as a feed additive remains a favorable one, as it is safe for consumers, animals, and the environment alike. Even when used as a chemical preservative, the acid is generally recognized safe (GRAS) by the USFDA, when used in accordance with the feed additive regulation, and as a good manufacturing or feeding practice. As a feed additive, propionic acid is majorly used as a dietary supplement and as a source of nutrition. Propionic acid is also used in the ensiling process for poultry feed, as it improves silage production and provides aerobic stability in silages.

The feed acidifiers market, by compound, has been segmented into blended compound acidifiers and single compound acidifiers. The blended segment is estimated to dominate the market in 2018 and is projected to grow at a higher CAGR by 2023. The use of these blended acidifier compounds is a new market development, with single compound acidifiers still being used widely.

However, their usage has increased significantly over the years, making it the more prominent one among both. Blended acidifier compounds help reduce the presence of harmful microorganisms in feed, in addition to promoting beneficial microbial growth in the gut. Conversely, the addition of antibiotics inhibits the growth of any microorganisms, even if they are beneficial to the livestock.

The feed acidifiers market, by form, has been segmented into liquid and dry. It was dominated by the dry segment in 2018. Most companies in the feed acidifiers 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.

The global market for feed acidifiers is dominated by large-scale players such as 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 Purac (Netherlands), ADDCON Group (Germany), and Peterlabs holding (Malaysia) are other players that hold a significant share of the feed acidifiers market.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Feed Acidifiers Market
4.2 Feed Acidifiers Market, By Key Country
4.3 Asia Pacific: Feed Acidifiers Market, By Type & Key Country
4.4 Feed Acidifiers Market, By Form & Region
4.5 Feed Acidifiers Market, By Livestock & Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Consumption of Meat and Dairy Products
5.2.1.2 High Threat of Diseases in Livestock
5.2.1.3 Growing Government Aids Or Funds Promoting the Wellness of the Feed Industry
5.2.1.4 Ban of Antibiotics in the European Union (EU)
5.2.2 Restraints
5.2.2.1 Rising Prices of Feed Acidifiers
5.2.3 Opportunities
5.2.3.1 Encapsulation Techniques Being Used for Feed Acidifiers
5.2.4 Challenges
5.2.4.1 Efficacy Maintenance of Feed Acidifiers
5.3 Value Chain Analysis
5.4 Regulatory Framework
5.4.1 US
5.4.2 European Union
5.4.3 China
5.4.4 Japan
5.4.5 India

6 Feed Acidifiers Market, By Type
6.1 Introduction
6.2 Propionic Acid
6.3 Formic Acid
6.4 Citric Acid
6.5 Lactic Acid
6.6 Sorbic Acid
6.7 Malic Acid
6.8 Others

7 Feed Acidifiers Market, By Form
7.1 Introduction
7.2 Dry
7.3 Liquid

8 Feed Acidifiers Market, By Compound

8.1 Introduction
8.2 Blended Compound
8.3 Single Compound

9 Feed Acidifiers Market, By Livestock
9.1 Introduction
9.2 Poultry
9.2.1 Broilers
9.2.2 Layers
9.2.3 Breeders
9.3 Swine
9.3.1 Sow
9.3.2 Grower
9.3.3 Starter
9.4 Ruminants
9.4.1 Dairy Cattle
9.4.2 Beef Cattle
9.4.3 Others
9.5 Aquaculture
9.6 Others

10 Feed Acidifiers Market, By Region
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Mexico
10.2.3 Canada
10.3 Europe
10.3.1 Spain
10.3.2 France
10.3.3 Germany
10.3.4 UK
10.3.5 Italy
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.2 India
10.4.3 Japan
10.4.4 Thailand
10.4.5 Vietnam
10.4.6 Rest of Asia Pacific
10.5 South America
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Rest of South America
10.6 Rest of the World (RoW)
10.6.1 Africa
10.6.2 Middle East

11 Competitive Landscape

11.1 Overview
11.2 Competitive Scenario
11.3 Market Ranking Analysis
11.4 Expansions
11.5 Acquisitions
11.6 Product Launches
11.7 Collaborations & Divestments

12 Company Profiles
12.1 Introduction
12.2 BASF SE
12.3 Yara International ASA
12.4 Kemin Industries, Inc.
12.5 Biomin Holding GmbH
12.6 Kemira Oyj
12.7 Perstorp Holding AB
12.8 Novus International, Inc.
12.9 Corbion NV
12.10 Impextraco NV
12.11 Addcon Group GmbH
12.12 Anpario PLC
12.13 Peterlabs Holdings Berhad
12.14 Jefo Nutrition, Inc.
12.15 Pancosma SA
12.16 Nutrex NV

For more information about this report visit https://www.researchandmarkets.com/research/8khfr8/global_feed?w=5

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