The Feed Acidifiers industry share is showing substantial growth potential with an impressive 5% CAGR during the forecast period of 2019 to 2024 and reach a valuation of USD 3.6 billion. Market Research Future (MRFR), in its report on the Feed Acidifiers industry share, has revealed several factors that can impact the global market outcome. Among these, the major factor is the increasing demand for a better gut health as the components have bacteriostatic and bactericidal properties. Growing demand for nutritional products like milk, meat, eggs, and wool are also providing ample growth opportunity to the market. Increasing diseases in the livestock industry is also a major concern that gets addressed by feed acidifiers.
However, the market is facing several regulations that can hinder the growth opportunity. In Europe, the ban on antibiotics and other substances can adversely impact the Feed Acidifiers industry share growth.
The global market for Feed Acidifiers industry share has been getting boosters from companies like BIOMIN Holding GmbH (Austria), Kemin Industries Inc. (US), BASF SE (Germany), Novus International, Inc. (US), Corbion N.V. (Netherlands), Impextraco NV (Belgium), Jefo Nutrition Inc. (Canada), Kemira OYJ (Finland), Perstorp Holding AB (Sweden), Yara International ASA (Norway), Addcon Group GmbH (Germany), Anpario PLC (UK), Peterlabs Holdings Berhad (Malaysia), Pancosma SA (Switzerland), Nutrex NV (Belgium), and others. These companies have been launching several plans to ensure their own position in the market remains positive and they can score well from their current position. To maintain that, they have implemented strategies like acquisitions, mergers, joint ventures, and others. This inspired better expansion for the market. In addition, the market players are also exploring opportunities through innovations, launching of new products, better investment plans for marketing strategies and research and development sector. MRFR recorded these latest moves made by these prominent companies to facilitate the reading of the market progress and help in developing better strategies.
MRFR and their analysts made a proper segmentation of the global Feed Acidifiers industry share in their report to get to the deep of various aspects like type, compound, form, and livestock. These segments have ample data on factors that can improve the market outcome. Also, the report has figures and charts that can support in better decision-making process and increase the report credibility.
By type, the market study of the global Feed Acidifiers industry share has been segmented on the basis of lactic acid, propionic acid, formic acid, malic acid, sorbic acid, citric acid, and others. The formic acid segment is getting good traction.
By compound, the global report on the Feed Acidifiers industry share has been segmented as a single compound and blended compound. Both these segments have their niche clients owing to which they are contributing much to the progress of the market.
By form, the global report on the Feed Acidifiers industry share has been segmented into dry and liquid. The dry form has growth opportunities as it is convenient to use.
By livestock, the report containing details of the global Feed Acidifiers industry share has been segregated into ruminants, swine, aquaculture, poultry, and others. Both poultry and aquaculture segment are expected to contribute sufficiently for the market growth.
Asia Pacific is expected to dominate the global market as the regional regulations are providing better traction. The regional consumption of animal products is also quite substantial owing to which the demand for feed acidifiers would rise constantly. In Europe, the market would see some constraints due to stringent regulations.
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