PUNE, India, June 24, 2016 /PRNewswire/ --
The report "Feed Acidifiers Market by Type (Propionic Acid, Fumaic Acid, Lactic Acid, Formic Acid, and Others), Livestock (Poultry, Swine, Cattle, Aquatics, and Others), Form, Brand, & by Region - Global Trends & Forecast to 2021", The Feed Acidifiers Market is projected to reach a value of USD 2.05 Billion by 2021, at a CAGR of 6.3% from 2016 to 2021.
Browse 116 market data Tables and 74 Figures spread through 196 Pages and in-depth TOC on "Feed Acidifiers Market"
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The market is driven by factors such as increasing importance for animal health, especially from the meat industry, increasing demand for livestock products, and rising awareness about animal health & animal feed quality and ban of in-feed antibiotics by European Union. The high growth potential in emerging markets and untapped regions provides new growth opportunities for market players.
Propionic acid segment is projected to be the fastest growing on the basis of type from 2016 to 2021
The propionic acid segment is projected to grow at the highest CAGR from 2016 to 2021. It provides a wide range of health benefits to the livestock such as gut health support, affects diet pH and its buffering capacity to maintain health, and improves the performance of pigs and poultry. Furthermore, the use of propionic acid as feed additives is increasing in animal nutrition as it substitutes antibiotic growth promoters, which have been banned as feed additives in the European Union since 2006.
Poultry livestock segment depicts high potential for the Feed Acidifiers Market
The poultry segment is one of the fastest growing in the livestock industry. The production of poultry is becoming more intensive and vertically integrated due to continuous technological advancements. The global demand for poultry is expected to increase in the future, especially in developing regions such as Asia, prominently in China. There has also been noteworthy growth in South-Eastern Europe, the Caucasus and Turkey, and in EU (Central and Eastern).
Significant growth for feed acidifiers is observed in the Asia-Pacific region
Asia-Pacific has a high growth potential for feed acidifiers. This region has many emerging countries, such as China, India, and Japan. Moreover, factors such as high demand for nutritive feed and sustainable animal nutrition products, increasing number of livestock, and management of feed operating cost are driving the growth of the Feed Acidifiers Market in this region.
This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of leading companies, such as BASF SE. (Germany), Yara International ASA (Norway), BIOMIN Holding GmbH (Austria), Perstorp Holding AB (Sweden), and Kemin Industries, Inc. (Des Moines, Iowa, U.S.).
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