Acidifiers Market Overview:
Acidifiers Market was worth USD 1736.88 million in 2018 and is projected to grow at a CAGR of 6.70%, to reach USD 2402.1 million by 2023. Animal feed Acidifiers are organic acids joined in the feed for nutritious or additive purposes. Feed Acidifiers help to control microbial development, reduction of feed buffer limit, control of pathogenic microscopic organisms and also enhance the nutrient digestibility. Acidifiers can also found to improve the balance between congestion and micro biologicals in the nutritious and digestive related tracts of livestock.
Acidifiers Market Drivers and Restraints:
Increasing demand for protein-rich food like dairy and meat, increasing importance for animal health, raising awareness about the feed quality, ban on the antibiotic growth promoters by the European Union are the factors driving the growth of the market. Artificial substitutes, growth inducing hormones, increasing new entrants are the major factor restraining the growth of the market.
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Report segmented as
By Livestock:
• Poultry
• Swine
• Cattle
• Aquatics, And Others
By Type:
• Propionic Acid
• Fumaric Acid
• Lactic Acid
• Acetic Acid
• Formic Acid
• Butyric Acid
By Application:
• Acidifiers Blends
• Single Component Acidifiers
Geographical Analysis of Acidifiers Market:
Geographically, this market is further segmented into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. Propionic acid has a largest share in the feed acidifiers market. Abundant accessibility of propionic acid combined with adequate supply has been the main consideration for its predominance in feed acidifiers market in the recent years. Major companies in this market are conducting R&D to increasing production efficiency and achieve product innovation.
Important key Players of Acidifiers Market:
Some of the major companies operating in the global feed acidifiers market include Kemira OYJ, Yara international, Kemin Industries, BASF SE, Biomin holding GmbH, Impextraco, Novus International, ADDCON GmbH and Perstorp AB.
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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