To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.
Key Market Dynamics:
- Market Driver
- Market Challenges
The growing demand for animal feed and increasing consumption of meat and poultry are some of the key market drivers. In addition, the increasing demand for dairy products among people inclining toward vegetarianism for sources of protein is further expected to influence the market positively during the forecast period. However, factors such as stringent regulations, increasing prices of feed acidifiers, and risks associated with an outbreak of diseases in poultry and livestock will challenge market growth.
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Key Market Segments:
The feed acidifiers market report is segmented by type (propionic acid, formic acid, lactic acid, citric acid, and others) and geography (APAC, Europe, North America, South America, and MEA). The propionic acid type segment led the market share in 2020 and is likely to retain its dominance in the market. The growth of this segment can be attributed to the growing demand for high-performance coatings and paints from the automotive industry. In terms of geography, APAC will be the leading region with 41% of the market's growth during the forecast period. The regional growth can be attributed to the growing construction activities across the globe coupled with increasing demand for lightweight, corrosion-resistant materials plastic packaging. China and India are the key markets for feed acidifiers in APAC.
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Some Companies Mentioned with their Offerings
- ADDCON GmbH
- Anpario Plc
- BASF SE
- Corbion nv
- Impextraco NV
- Jefo
- Kemin Industries Inc.
- Koninklijke DSM NV
- Nutreco NV
- Perstorp Holding AB
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Biopolymers and Bioplastic Market by End-user, Type, and Geography - Forecast and Analysis 2021-2025
Feed Acidifiers Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.76% |
Market growth 2021-2025 |
USD 493.96 million |
Market structure |
Fragmented |
YoY growth (%) |
3.78 |
Regional analysis |
APAC, Europe, North America, South America, and MEA |
Performing market contribution |
APAC at 41% |
Key consumer countries |
US, China, Germany, India, and Brazil |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
ADDCON GmbH, Anpario Plc, BASF SE, Corbion nv, Impextraco NV, Jefo, Kemin Industries Inc., Koninklijke DSM NV, Nutreco NV, and Perstorp Holding AB |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered:
- Executive Summary
- Market Landscape
- Market Sizing
- Five Forces Analysis
- Market Segmentation by Type
- Customer landscape
- Geographic Landscape
- Vendor Landscape
- Vendor Analysis
- Appendix
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SOURCE Technavio
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