According to a recent report by Reports and Data, the global market size for feed acidifiers market was USD 3,089.89 Million in 2021, with a projected revenue Compound Annual Growth Rate (CAGR) of 4.3% over the forecast period. Factors such as urbanization, increasing consumer spending, and a rise in demand for livestock products are expected to drive market revenue growth. Additionally, ongoing Research and Development (RD) investments and government funding are anticipated to propel market growth. Feed acidifiers, which can be used individually or in combination with other acidifiers, are microorganisms that produce beneficial bacteria, thereby balancing the number of pathogenic bacteria in the gut.
The market's revenue growth is influenced by several factors, including increasing consumer awareness and preference for high-quality products, concerns regarding livestock health, an increase in the prevalence of various livestock diseases, bans on certain antibiotics, the phasing out of certain additives by the European Union (EU), and an increase in global government initiatives and investments.
The report highlights that the propionic acid segment dominated the global feed acidifiers market in 2020 due to its safety as an organic acidifier. The report also notes that the Asia Pacific region is expected to have the fastest CAGR during the forecast period. The demand for meat is increasing in countries such as China, India, and Thailand due to rapid economic growth, resulting in increased consumption of feed additives such as acidifiers.
The report provides information on several companies in the market, including BASF SE, Yara International ASA, Kemin Industries, Kemira Oyj, Perstorp Holding AB, Novus International, Inc., Corbion N.V., Anpario PLC, PeterLabs Holdings Berhad, and JEFO Nutrition Inc.
The market report is segmented into different categories, including type outlook, nature outlook, form outlook, compound outlook, livestock outlook, and regional outlook. Each segment provides information on the revenue generated, and the report covers various regions, including North America, Europe, Asia-Pacific, Latin America, and the Middle East Africa.
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Feed Acidifiers Market: Drive factors
The global feed acidifiers market is expected to experience a revenue CAGR of 4.3% over the forecast period, with a market size of USD 3,089.89 Million in 2021, according to a recent report by Reports and Data. The market's growth is attributed to several driving factors, including urbanization, increasing consumer spending, and rising demand for livestock products. Ongoing research and development investments and government funding from various countries worldwide are also expected to boost the market's growth.
Feed acidifiers are microorganisms that balance the number of pathogenic bacteria in the gut, producing beneficial bacteria. They are used alone or in combination with two or more other acidifiers, including organic acids and essential oils, to produce high-quality output. Growing consumer awareness and preference for high-quality products, concerns about livestock health, increasing prevalence of various livestock diseases, bans on certain antibiotics, phasing out of certain additives like formaldehyde and ethoxyquin by the European Union (EU), and an increase in global government initiatives and investments are major factors driving the market's revenue growth.
The global feed acidifiers market is segmented into various types such as propionic acid, formic acid, lactic acid, citric acid, malic acid, sorbic acid, and others. In terms of revenue, propionic acid dominated the global feed acidifiers market in 2020, as it is a safe organic acidifier that does not harm people, animals, or the environment, making it an advantageous feed additive. The Asia Pacific region is expected to have the highest CAGR during the forecast period, driven by the region's increasing demand for meat due to rapid economic growth, particularly in countries like China, Japan, India, and Thailand. The market report profiles major companies in the industry, including BASF SE, Yara International ASA, Kemin Industries, Kemira Oyj, and more.
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