Market Overview
Global Feed Acidifiers Market is Projected to Be Valued at USD 3,109.11 Million by 2026, Expanding at a CAGR of 4.9% During the Forecast Period. Feed acidifiers are one of the major substitutes for feed antibiotics. The ban on antibiotics in livestock production is anticipated to increase the usage of its substitutes. Antibiotics were used regularly in animal feed at a rate of 2 to 50 grams per ton for performance development in the animals. However, the usage of antibiotics in animal feed has been reducing over the last decade across the globe, owing to several factors. After the livestock has been fed antibiotics over a period, they retain the strains of bacteria resistant to antibiotics. Many developing and underdeveloped economies have already banned feed antibiotics over the last few years. In Bangladesh, the Fish Feed and Animal Feed act prohibits the use of antibiotics in feed. Namibia was the first African country to stop the use of antibiotics in its beef industry.
Feed acidifiers market offer several benefits to livestock health. However, it is difficult to properly process in the feed. Feed acidifiers market might lose their efficiency and effectiveness owing to several factors. High temperatures and unclean environments are making feed acidifiers market inefficient. Market players are incorporating new technologies to develop efficiency and effectiveness. Encapsulation technology is gaining massive acceptance among manufacturers. It helps to improve the release of feed acidifiers market and offer a longer shelf life by protecting it from the external environment. Feed acidifiers market come in a capsule format and are released into the animal’s gastrointestinal (GI) tract, which ensures a healthy gut and leads to improved growth.
Key Players
Market Research Future recognizes Kemin Industries, Inc. (US), BASF SE (Germany), Yara (Norway), Perstorp (US), Biomin Holding GmbH (Austria), Addcon GmbH (Germany), Impextraco NV (Belgium), Novus International (US), Corbion NV (Netherlands), and Pancosma (Switzerland) as the Key Players in the Global Feed Acidifiers Market.
Market Segmentation:
By Type, the global feed acidifiers market has been divided into propionic acid, formic acid, lactic acid, sorbic acid, citric acid, malic acid, butyric acid, lauric acid, and others. The propionic acid segment accounted for the largest market share in 2019. Its use is recognized as safe by the US Food and Drug Administration (FDA) when used as good manufacturing or feed practice and in accordance with the food additives regulations. It is commonly used as a nutritional source in animal feed dietary supplements. It also improves the silage production when used in the ensiling process for poultry feed. Moreover, it also improves digestion, immunity and prevents fertility disorders among the livestock, thus, propelling market growth. However, the butyric acid is expected to have high demand during the forecast period as it maintains the structural integrity of the swine and poultry gastrointestinal (GI) tract and creates a microflora balance. In addition, there is booming demand for poultry products and swine meat.
By form, the market has been segregated into dry and liquid. The dry segment accounted for the larger market share in 2019, while the liquid segment is expected to exhibit a higher CAGR during the review period. Dry acidifiers balance the microflora in the digestive tract, increases the nutritional benefits of the feed, prevent the occurrence of gut pathogens, and enhance the performance of gut enzymes during digestion thus, promoting the overall growth of the livestock. These factors, along with the protection from bacterial degradation of feed during the storage, is anticipated to drive the demand for the dry acidifiers segment. However, liquid acidifiers are designed to inhibit the growth of gram-negative bacteria such as E. coli and Salmonella, and support better growth of Lactobacilli and Bifidobacteria. Increasing demand for liquid acidifiers from the poultry industry is another determinant contributing to the segment’s significant growth rate.
Access Report @
https://www.marketresearchfuture.com/reports/feed-acidifiers-market-5510
Regional Analysis
Geographically, the Global Feed Acidifiers Market has been categorized as North America, Europe, Asia-Pacific, and the Rest of the World. As per MRFR analysis, Europe dominated the market, accounting for the largest share in 2019. Asia-Pacific is projected to register the highest CAGR of 5.5% during the forecast period.
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
