Feed Acidifier: Market outlook
Animal feed producers are using different combinations of feed acidifiers while manufacturing of animal feed which likely to drive feed acidifier market. China, India and Brazil creates more opportunities for the animal acidifier producers as demand is increasing for animal acidifier feed in the countries.
The high cost of few of the animal feed additives may increase the cost of animal feed acidifier which eventually hamper the demand of feed acidifier in developing economies.
The rapid increase in the population in the past few years has led to an enormous increase in the demand for food supply subsequently resulting in the need to raise animals for meat, milk and poultry thereby giving rise to the need for animal feed acidifier for healthy raising of farm animals.
More Innovative and Healthy Animal Feed Acidifier to Bolster the Growth of Market
Innovations are being carried out in nearly every aspect of animal feed acidifier market. These innovations from the manufacturer end severely influence the consumer behavior and response to the market. The companies are associating their innovation capacity and competency in animal nutrition with modern digital technologies to create added value for customers and consumers.
Innovations such as digitization of farms, monitoring of household companion animals as well as livestock and several other features are likely to upsurge the sales for animal feed acidifiers market.
Attitude of consumers depends on many attributes that affect in different ways on their preferences, leading to acceptance and the selection of some products while rejecting others. The development of the market commonly parallels with the development of a region’s economy.
For animal feed acidifiers, the majority of the individual consumers tend to be farmers. In case of institutional buyers, there may be dairy farms, cattle farms, or poultry farms. The preference of these buyers majorly depend upon the situational requirements.
Global Feed Acidifier: Key Players
Some of the key players operating their business in the global feed acidifier market are
- BASF SE
- Corbion NV
- Yara International ASA
- Biomin Holding GmbH
- Kemin Industries Inc.
- Nutrex NV.
- Peterlabs Holdings Berhad
- Pancosma SA
- Novus International Inc.
- Addcon Group GmbH
- Jefo Nutrition Inc.
- Impextraco NV
In January 2018, Agri-Marketing Corp. was acquired by Kemin Industries. This acquisition provides Kemin an exclusive distribution and manufacturing services in Canada.
The Kemin Industries is focusing on animal nutrition and pet food and is looking forward to grow business by expanding its product portfolio. In 2016, BASF SA in partnership with Balchem Corporation introduced Amasil formic acid which is approved for swine feed at the World Pork Expo in Des Moines, Iowa, US.
Increasing Opportunities for Uniquely Formulated and High Performance Feed Acidifiers
The current pandemic caused by coronavirus is a current example of zoonotic disease. There are many more outbreaks of disease such as avian flu among animals which can cause disease outbreak among humans too.
Due to which the meat markets in developed nations like USA has become cautious of food safety and the quality. The government is taking initiatives to ban the use of antibiotics and multiple feed additive ingredients and is making stringent regulations.
Feed acidifiers are in increasing demand among the poultry and swine production. The manufacturers of feed with acidifiers are expected to manufacture more feed with organic acids with more advanced coating technology. The manufacturers are expected to develop high quality and purity products which are safe and easy to handle and use for feeding animals.
Edumercial (Education + Commercial) business approach in this market likely to have better output than traditional sales model. The feed acidifier’s products target the health advantages in animals, hence, it is beneficial to provide the customers, the knowledge of the difference in the mode of action of traditional feed acidifiers and feed additives, stressing on the effectiveness of feed products.
The study is a source of reliable data on
- Feed Acidifier market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The feed acidifier market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases).
The report also features a complete qualitative and quantitative assessment by analysing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the feed acidifier market report projects the attractiveness of each major segment over the forecast period.
Global Feed Acidifier: Market Segmentation
By Acid Type
- Propionic acid
- Formic acid
- Lactic acid
- Citric acid
- Malic acid
- Sorbic acid
- Others (fumaric acid, butyric acid, benzoic acid etc.)
By Product Type
- Others (Equine etc.)