The feed acidifiers global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Feed Acidifiers Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The feed acidifiers market size has grown strongly in recent years. It will grow from $2.69 billion in 2023 to $2.91 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. 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 $4.05 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. 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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Scope Of Feed Acidifiers Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Feed Acidifiers Market Overview
Market Drivers –
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.
Market Trends –
Strategic partnerships are a key trend gaining popularity in the feed acidifier market. Major companies operating in the feed acidifier sector are focused on partnerships to strengthen their position in the market. For instance, in January 2021, Azelis, a Belgium-based service provider to the food industry, partnered with Perstorp AB, a Sweden-based chemical company. Through this partnership, both companies represent themselves in Great Britain for their animal nutrition range of gut health solutions, feed hygiene solutions, acidifiers, silage additives, and total mixed ration and grain preservatives. Furthermore, in June 2022, Evonik Industries AG, a Germany-based feed additives company, partnered with AgTech Garage, a Brazil-based agribusiness networking company Through this partnership, Evonik increased proximity and collaborative opportunities with the regional agribusiness network.
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
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Regional Insights –
Asia-Pacific was the largest region in the feed acidifiers market in 2023. North America 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.
Key Companies –
Major companies operating in the feed acidifiers market include 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
Table of Contents
1. Executive Summary
2. Feed Acidifiers Market Report Structure
3. Feed Acidifiers Market Trends And Strategies
4. Feed Acidifiers Market – Macro Economic Scenario
5. Feed Acidifiers Market Size And Growth
…..
27. Feed Acidifiers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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