The feed acidifiers market was valued at USD 2.62 billion in 2017; it is projected to reach USD 3.50 billion by 2023, at a CAGR of 5.1% during the forecast period. Increasing government aid promoting the growth of the feed industry and the high threat of diseases in livestock are factors driving this market.
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The feed acidifiers market, by compound, has been segmented into blended compound acidifiers and single compound acidifiers. The blended segment is estimated to dominate the market in 2018 and is projected to grow at a higher CAGR by 2023. The use of these blended acidifier compounds is a new market development, with single compound acidifiers still being used widely. However, their usage has increased significantly over the years, making it the more prominent one among both. Blended acidifier compounds help reduce the presence of harmful microorganisms in feed, in addition to promoting beneficial microbial growth in the gut. Conversely, the addition of antibiotics inhibits the growth of any microorganisms, even if they are beneficial to the livestock.
The feed acidifiers market, by form, has been segmented into liquid and dry. It was dominated by the dry segment in 2018. Most companies in the feed acidifiers market offer their products in the dry form, due to its ease of usage, storage, and transportability. These products are widely used in feed formulations due to their free-flowing structure and their ability to provide consistency.
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The South American market is projected to grow at the highest CAGR from 2018 to 2023. This growth is attributable to the development of the animal husbandry sector in the region that has promoted an increase in the consumption of feed additives such as acidifiers, rising income levels in emerging economies such as Brazil and Argentina which is supporting consumer inclination to better quality meat and other livestock products, rising demand for South American meat.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as BASF SE (Germany), Yara International ASA (Norway), Kemin Industries Inc. (US), Kemira OYJ (Finland), and Biomin Holding GmbH (Austria). Impextraco NV (Belgium), Pancosma (Switzerland), Nutrex NV (Belgium), Perstorp Holding Ab (Sweden), Novus International (US), Jefo Nutrition Inc. (Canada), Anpario plc (UK), Corbion Purac (Netherlands), ADDCON Group (Germany), and Peterlabs Holding (Malaysia) are other players that hold a significant share in the feed acidifiers market.
