Increasing demand for quality meat, growing consumption of diary and meat products along with government initiatives and funding for animal feed industry are key factors boosting growth of the feed acidulants market
Market size: USD 3.01 in 2020, Market Growth: CAGR of 5.5%, Market Trends: Ban on antibiotics by EU has resulted in increased demand for feed acidulants
The global feed acidulants market size is expected to reach USD 4.5 billion by 2028 and register a CAGR of 5.5% over the forecast period, according to the latest report by Reports and Data. Increasing awareness about the importance of healthy livestock, benefits of feed acidulants, and government initiatives to promote growth of the feed sector are some key factors driving market revenue growth to a significant extent currently.
Feed acidulants are organic or inorganic substances usually added to animal feed to enhance the quality by minimizing presence of harmful bacteria and to help in improving overall health and performance of animals. These products also help in increasing shelf life, flavor, and to balance the pH levels of animal feed. Increasing focus on animal health and gradual inclination towards natural growth promoters are other key factors fueling market growth. In addition, factors such as increasing consumption of animal-based products and rising demand for high-quality meat are contributing to market growth.
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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 some major players in the global feed acidulants market.
Some key highlights from the report:
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Based On Type (Volume, Kilotons; Revenue, USD Billion, 2018 – 2028)
Based on Animal Type (Volume, Kilotons; Revenue, USD Billion, 2018 – 2028)
Based On Compound (Volume, Kilotons; Revenue, USD Billion, 2018 – 2028)
Based on Form (Volume, Kilotons; Revenue, USD Billion, 2018 – 2028)
Based On Function: (Volume, Kilotons; Revenue, USD Billion, 2018 – 2028)
Based On Region: (Volume, Kilotons; Revenue, USD Billion, 2018 – 2028)
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The research provides answers to the following key questions:
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