Feed acidulants are defined as the chemical compounds which are mixed in feed to improve the quality of feed by decreasing bacterial content and preserving the nutritive value so as to improve animal growth and performance. These acidulants are directly used as a single ingredient or as mixture into feedstuffs, mainly in swine and poultry industries. These products are added in the food and feed products so as to provide sharp flavor and enhance its nutritional aspect. Increase in government support and rising instances of diseases among livestock have propelled the demand of the feed acidulants.
MARKET DYNAMICS
The feed acidulants market has witnessed a significant growth owing to factors such as growing consumption of meat and dairy products. Furthermore, rise in threat of diseases in livestock is further expected to boost utilization. However, high cost associated with the feed acidulants and maintenance in the efficiency of feed acidulants are the key factors projected to hamper the feed acidulants market growth over the projected period. Moreover, the primary trend followed in the feed acidulants market is the use of encapsulation processes for feed acidulants.
MARKET SCOPE
The "Global Feed Acidulants Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the feed acidulants market with detailed market segmentation by type, compound, form, function, animal type and geography. The global feed acidulants market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading feed acidulants market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global feed acidulants market is segmented on the basis of type, compound, form, function, and animal type. On the basis of type, the feed acidulants market is segmented into propionic acid, formic acid, citric acid, lactic acid, sorbic acid and others. The feed acidulants market on the basis of the compound is classified into blended and single compound. The feed acidulants market on the basis of the form is classified into dry and liquid. The feed acidulants market on the basis of the animal type is classified into poultry, swine, ruminants, aquaculture, pets and equine. The feed acidulants market on the basis of the function is classified into PH control, feed efficiency and flavor.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global feed acidulants market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The feed acidulants market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the feed acidulants market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the feed acidulants market in these regions.
MARKET PLAYERS
The reports cover key developments in the feed acidulants market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from feed acidulants market are anticipated to lucrative growth opportunities in the future with the rising demand for Feed acidulants in the global market. Below mentioned is the list of few companies engaged in the Feed acidulants market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the feed acidulants market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Addcon Group GmbH
- Anpario PLC
- BASF SE
- BIOMIN Holding GmbH
- Corbion NV
- Kemin Industries, Inc.
- Novus International, Inc.
- Nutrex NV
- Perstorp Holding AB
- Peterlabs Holdings Berhad
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