Global feed acidifiers market has witnessed significant growth on account of increasing occurrences of nutritional deficiency among livestock and subsequent demand for protein rich feed. Rising concerns regarding animal health and feed quality, along with burgeoning demand for high nutritional feed additives is expected to drive global feed acidifiers market. Numerous animal disease epidemics such as bird, swine and avian flu have also created a greater nutritious feed market which may drive the feed acidifiers market. Feed acidifiers have gradually replaced nutritional additives in livestock feed, propelling global market. Regulatory bodies such as REACH, USDA and FDA have implemented various restrictions on multiple antibiotics and multivitamins, which is expected to be conducive to feed acidifiers market growth. Discontinuation of various other animal feed additives complying to federal regulations is anticipated to boost global feed acidifiers market over the forecast period.
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Feed acidifier market can be classified on the basis of livestock into cattle, swine, aquatic animals and poultry among others. Increasing meat consumption levels across the globe has urged massive demand for poultry meat, followed by swine meat. Further segmentation on the basis of feed acidifier types includes formic, lactic, fumaric and propionic acid among others. Abundant availability of propionic acid has contributed to increase in its market share. Increasing awareness regarding advantages of fumaric acid are expected to augment its market growth over the forecast period. Lactic and formic acid are also gaining increasing importance in global feed acidifiers market. However, increasing emergence of substitute products such as pepticides, herbal products, microflora enhancers and others are anticipated to negatively impact feed acidifiers market growth. Also, rising application of artificial growth-inducing hormones and drugs may pose a challenge to the market growth.
Regionally, largest consumers of feed acidifiers are Europe, mainly UK, Italy, France, Germany and Spain as well as major countries in Asia Pacific such as India, Thailand, Vietnam, Indonesia China and Japan. Other Latin American countries like Brazil and Argentina are increasingly generating demand for feed acidifiers. Rising demand for feed acidifiers has also emerged from developing nations such as South Africa and Egypt. Middle Eastern countries are mature markets yet offer slight potential for development of feed acidifiers market.
Major industrial players in the feed acidifiers market include Corbion PURAC, Kemira OYJ, Biomin, BASF SE, Impextraco, Kemin Industries, ADDCON GmBH, Novus International and Perstorp AB.
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