飼料酸化劑市場 - 成長，趨勢，預測(2019 - 2024)
Global Feed Acidifiers Market - Trends, Regional Analysis and Forecasts (2019 - 2024)
|出版商||Mordor Intelligence LLP||商品編碼||907081|
|出版日期||內容資訊||英文 126 Pages
|飼料酸化劑市場 - 成長，趨勢，預測(2019 - 2024) Global Feed Acidifiers Market - Trends, Regional Analysis and Forecasts (2019 - 2024)|
|出版日期: 2019年05月01日||內容資訊: 英文 126 Pages||
The global feed acidifiers market was valued at USD 1.8 billion in 2018, and it is expected to register a CAGR of 6.09% during the forecast period (2019-2024). Asia-Pacific is projected to be the fastest-growing market.
Acidifiers included in the feed are known to maintain low pH in the livestock preventing diseases, activating digestive enzymes and promoting the homogenous blending of the feed. They are also known to substitute the effects of certain antibiotics. These benefits combined with rising in awareness, preference in quality and concerns about the health of livestock have fuelled the growth of the acidifiers market globally.
Animal feed Acidifiers are organic acids incorporated into the feed for nutritional or preservative purposes. According to a 2019 FAS-USDA report, The animal production is increasing every year to meet the growing demand for animal products including egg, meat, and milk leading to the increase in the consumption of animal feeds. According to USDA-FAS, the number of cattle has increased from 965,259 heads in 2015 to 996,361 heads in 2017 globally. Alltech global feed production survey report, 2019, says that the global animal feed production has reached 1.3 billion metric tons in 2018. This rise in animal feed production is expected to drive the animal feed acidifiers market in a positive trend.
Feed acidifiers market is projected as the fastest growing market among the feed additives. The global feed acidifiers market values USD 1.8 billion in 2018, is expected to register a CAGR of 6.09% during the forecast period 2019-2024. Asia-Pacific, Europe, and South America are the fastest growing market. Asia-Pacific is also the largest market for feed acidifiers. The increasing meat consumption and high population keep Asia-Pacific as the largest feed acidifiers market.
The global feed acidifiers market is a concentrated market with few major players including BASF SE, Novus International, Kemin, Biomin and Corbion. The most adopted strategies by these major players to expand their business are mergers and acquisitions, expansions and investments in R&D.