Dublin, Jan. 23, 2019 (GLOBE NEWSWIRE) -- The "Feed Acidulants Market by Type (Propionic Acid, Formic Acid, Citric Acid, Lactic Acid, Sorbic Acid, Malic Acid, and Acetic Acid), Animal Type (Poultry, Ruminants, Swine, Aquaculture, Pets, Equine), Compound, Form, Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global feed acidulants market is projected to reach USD 3,497.6 million by 2023, at a CAGR of 5.1% from 2018, in terms of valu
Feed acidulants are organic growth promoters that are included in feed to enhance the feed quality, by reducing bacterial content and maintaining the nutritive value; this helps improve animal growth and performance. Feed acidulants are applied directly as a single ingredient or as blends into feedstuffs, especially for swine and poultry.
The feed acidulants market has been growing consistently over the past few years. It is witnessing growth due to the strong initiatives for the improvement of animal health. The market received a boost through the ban on antibiotics being used as animal growth promoters in the US and EU. Acidulants were then seen as the closest substitutes for antibiotics, allowing the market for acidulants to grow, not only in the US and EU countries, but also in growing economies such as China, India, and Brazil, especially for the meat and dairy product exporters to these countries.
e. The feed acidulants market is projected to grow at a steady rate due to the increasing importance for animal health, especially for meat production. Along with this, factors such as increased demand for livestock products, rising awareness about animal health & feed quality, and the ban on in-feed antibiotics by the European Union drive the market for feed acidulants across the globe.
The South American market is projected to grow at the highest CAGR from 2018 to 2023. The growing meat and milk consumption assumes greater political and economic importance in South America than in any other region of the world; also, the annual livestock production in this region has increased, subsequently driving the demand for feed additives such as acidulants. The rapid expansion of the livestock industry in the region has resulted in a steady import of feed acidulants. Several product developments by market players in the region, along with the increased use of feed additives, are expected to drive the market for feed acidulants.
The global market for feed acidulants is dominated by large-scale players such as BASF SE (Germany), YARA International ASA (Norway), Kemin Industries Inc. (US), Kemira OYJ (Finland), and Biomin Holding GmbH (Austria).
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Feed Acidulants Market
4.2 Feed Acidulants Market: Major Countries
4.3 Asia Pacific: Feed Acidulants Market, By Type and Country
4.4 Feed Acidulants Market, By Animal Type and Region
4.5 Feed Acidulants Market, By Type and Region
4.6 Feed Acidulants Market, By Form
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 High Threat of Diseases in Livestock
5.2.1.2 Increasing Consumption of Meat and Dairy Products
5.2.1.3 Ban on Antibiotics in the US and the European Union (Eu)
5.2.1.4 Growing Government Aids Or Funds Promoting Feed Industry Wellness
5.2.2 Restraints
5.2.2.1 Rising Prices of Feed Acidulants
5.2.3 Opportunities
5.2.3.1 Encapsulation Processes Used for Feed Acidulants
5.2.4 Challenges
5.2.4.1 Maintaining Efficacy of Feed Acidulants
5.3 Value Chain Analysis
5.4 Regulatory Framework
5.4.1 US
5.4.2 European Union
5.4.3 China
5.4.4 Japan
5.4.5 India
6 Feed Acidulants Market, By Type
6.1 Introduction
6.2 Propionic Acid
6.2.1 Its Properties, Safe for Consumers, Animals, and the Environment to Drive This Market
6.3 Formic Acid
6.3.1 It Boasts Antibacterial Effects That Help to Preserve Feed, Which Drives This Market
6.4 Citric Acid
6.4.1 Increasing Demand to Improve Feed Effectiveness By Improving Livestock Performance and Non-Specific Immunity Drives This Market
6.5 Lactic Acid
6.5.1 Concentrated Efficacy Towards the Maintenance of Feed Safety is Projected to Further Drive the Demand for Lactic Acid
6.6 Sorbic Acid
6.6.1 The Growing Number of Livestock Disease Outbreaks Have Encouraged Animal Breeders to Adopt Sorbic Acid as A Feed Preservative
6.7 Malic Acid
6.7.1 Aiding the Breakdown of Most Feed Into Nutrients, Which are then Absorbed By Ruminants to Drive This Market
6.8 Acetic Acid
6.8.1 Providing Livestock Breeders With Effective and Cost-Efficient Feed Formulations to Drive This Market
6.9 Others
7 Feed Acidulants Market, By Compound
7.1 Introduction
7.2 Blended
7.2.1 Growing Demand to Improve Livestock Health and Performance By Reducing the Presence of Harmful Microorganisms in Feed to Drive This Market
7.3 Single Compound
7.3.1 Its Property to Restrict and Control the Growth of Pathogenic Bacteria in the Feed Drives the Market
8 Feed Acidulants Market, By Form
8.1 Introduction
8.2 Dry
8.2.1 Ease of Usage, Storage, and Transportability of Dry Feed Acidulants Drives the Market
8.3 Liquid
8.3.1 Increase in Demand for Feed Preservatives Drives the Market
9 Feed Acidulants Market, By Function
9.1 Introduction
9.2 Ph Control
9.2.1 Growing Awareness Towards Animal Health and Nutritional Diet Drives the Market
9.3 Feed Efficiency
9.3.1 Increasing Demand for Feed Conversion Rate and Feed Preservation Drives the Market
9.4 Flavor
9.4.1 Growing Demand for Feed Additves Which Improve the Appetizing of Feed Drives the Market
10 Feed Acidulants Market, By Animal Type
10.1 Introduction
10.2 Poultry
10.2.1 Rapid Growth in Poultry Meat Production is Expected to Further Increase the Demand for Superior Quality Feed, thereby Propelling the 88
10.3 Swine
10.3.1 Higher Consumption of Protein Rich Meat Such as Pork to Drive the Market
10.4 Ruminants
10.4.1 Growth in Demand for Quality Milk and Beef Products has Led to the Use of Feed Acidulants in Ruminant Diets
10.5 Aquaculture
10.5.1 Rapid Growth in the Aquaculture Industry Along With Increase in Conumption of Seafood to Drive the Market
10.6 Pets
10.6.1 Change in Lifestyle, Increase in Pet Population and High Investment on Quality and Premium Pet Food to Drive the Market
10.7 Equine
10.7.1 Usage of Feed Acidulants as an Efficient Enablers of Animal Feed for Equine to Drive the Market
11 Feed Acidulants Market, By Region
12 Competitive Landscape
12.1 Overview
12.2 Competitive Scenario
12.3 Market Ranking Analysis
12.4 Expansions
12.5 Acquisitions
12.6 New Product Launches
12.7 Collaborations
13 Company Profiles
13.1 Introduction
13.2 BASF SE
13.3 Yara International ASA
13.4 Kemin Industries, Inc.
13.5 Kemira OYJ
13.6 Perstorp Holding AB
13.7 Biomin Holding GmbH
13.8 Peterlabs Holdings Berhad
13.9 Jefo Nutrition, Inc.
13.10 Pancosma SA
13.11 Nutrex NV
13.12 ADDCON Group GmbH
13.13 Anpario Plc
13.14 Novus International, Inc.
13.15 Corbion NV
13.16 Impextraco NV
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