Overview and Scope
The feed acidifier are used to inhibit the growth of pathogenic bacteria. Feed acidifiers are added to feeds to decrease the pH of the feed, gut, and microbial cytoplasm, preventing harmful intestinal microflora from growing. This inhibits bacteria from competing for host nutrients, resulting in improved development and performance.
Sizing and Forecast
The feed acidifiers market size has grown strongly in recent years. It will grow from <b>$2.69 billion in 2023 to $2.91 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. </b> The growth in the historic period can be attributed to livestock industry expansion, disease control, antibiotic reduction, improved feed conversion, regulatory compliance.
The feed acidifiers market size is expected to see strong growth in the next few years. It will grow to <b>$4.05 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. </b> The growth in the forecast period can be attributed to sustainable livestock farming, global food security, ongoing need for antibiotic alternatives, growing demand for health and wellness, ongoing research and development efforts. Major trends in the forecast period include organic and natural acidifiers, organic and natural acidifiers, microencapsulation technology, acidifier blends and combinations, probiotic and acidifier synergy.
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Segmentation & Regional Insights
The feed acidifiers market covered in this report is segmented –
1) By Type: Propionic acid, Fumaric acid, Lactic acid, Formic Acid, Other Types
2) By Form: Dry, Liquid
3) By Livestock: Poultry, Swine, Ruminants, Aquaculture, Pets, Other Livestocks
4) By Compound: Blended, Single
<b>Asia-Pacific</b> was the largest region in the feed acidifiers market in 2023. <b>North America</b> is expected to be the fastest-growing region in the forecast period. The regions covered in the feed acidifiers market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The rise in the demand for meat and dairy products is expected to propel the growth of the feed acidifier market going forward. Meat and dairy products refer to a healthy, balanced diet that includes protein from meat, as well as from fish and eggs. Acidifiers promote the absorption of minerals from animal meat and dairy products by improving nutrient digestibility. For instance, in 2022, according to the Food and Agriculture Organization of the United Nations, an Italy-based spiralized agency, global meat production is anticipated to reach 360 million tons (measured in carcass weight equivalent) in 2022, representing a 1.2% increase from 2021. Additionally, the output of beef is expected to reach 73.9 million tons globally in 2022, representing a 1.4% increase from the previous year. Moreover, according to the food and agriculture organizations of the United States, by 2025, global milk output is expected to expand by 177 million tons, with an average annual growth rate of 1.8%. Therefore, the growing demand for meat and dairy products is driving the growth of the feed acidifier market.
Key Industry Players
Major companies operating in the feed acidifiers market include <b> BASF SE, Yara International ASA, Kemin Industries, Biomin Holding GmbH, Kemira Oyj, Perstorp Holding AB, Novus International Inc., Corbion NV, Impextraco NV, Addcon Group GmbH, Anpario plc, PeterLabs Holdings Berhad, JEFO Nutrition Inc., Pancosma SA, Nutrex NV, Koninklijke DSM N.V., Diamond V, Bluestar Adisseo Nutrition Group Ltd., Alltech Inc., Borregaard AS, Cargill Inc., Provimi Holding BV, Selko Feed Additives, Trouw Nutrition International, Vetagro S.p.A., Produktionsgesellschaft mbH, Chr. Hansen Holding A/S, Danisco Animal Nutrition, Devenish Nutrition Limited </b>
The feed acidifiers market report table of contents includes:
1. Executive Summary
2.Feed Acidifiers Market Characteristics
3. Feed Acidifiers Market Trends And Strategies
4.Feed Acidifiers Market analysis
5. Feed Acidifiers Market Size And Growth
6. Feed Acidifiers Segmentation
7. Feed Acidifiers Regional And Country Analysis
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27.Feed Acidifiers Competitive Landscape And Company Profiles
28.Feed Acidifiers Key Mergers And Acquisitions
29.Feed Acidifiers Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- BASF SE
- Yara International ASA
- Kemin Industries
- Biomin Holding GmbH
- Kemira Oyj
- Perstorp Holding AB
- Novus International Inc.
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