(I-BusinessNews.Com, July 17, 2021 ) The report “Feed Acidifiers Market by Type (Propionic Acid, Formic Acid, Lactic Acid, Citric Acid, Sorbic Acid, Malic Acid), Form (Dry, Liquid), Compound (Blended, Single), Livestock (Poultry, Swine, Ruminants, Aquaculture), and Region – Global Forecast to 2023″ Over the years, the production pattern in the feed industry has transformed in tandem with the health requirements of livestock. For improved growth and efficiency of livestock, rearers included antibiotics as additives in feed. However, the use of antibiotics as feed additives impacts the health of animals, which, in turn, affects the health of consumers adversely. Due to the adverse effects on the health of consumers, the EU has imposed a ban on the use of antibiotics. This ban has encouraged rearers to opt for cost-effective and health-enriching alternatives such as feed acidifiers. According to MarketsandMarkets, the feed acidifiers market is projected to account for a value of USD 3.5 billion by 2023, recording a CAGR of 5.1%.
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By type, the propionic acid segment is projected to dominate the feed acidifiers market during the forecast period.
Propionic acid stands as the most widely used feed acidifier in the market. Being an organically sourced acidifier, its usage as a feed additive remains a favorable one, as it is safe for consumers, animals, and the environment alike. Even when used as a chemical preservative, the acid is a generally recognized safe (GRAS) substance by the USFDA, when used in accordance with the Feed Additive regulation, and as a good manufacturing or feeding practice.
As a feed additive, propionic acid is majorly used as a dietary supplement and as a source of nutrition. Propionic acid is also used in the ensiling process for poultry feed, as it improves silage production and provides aerobic stability in silages. It also helps curb bacterial growth in molds, and hence, can also be used as a preservative in animal feed. The preservative effect of propionic acid thereby aids the prevention of feed nutrient losses and mycotoxin formation. Additionally, propionic acid also helps prevent fertility disorders, digestive problems, and immune deficiency in livestock. Such factors have helped propionic acid to maintain dominance in the feed acidifiers market.
Dry Feed Acidifiers To Outpace the Sales of Liquid Feed Acidifiers in the Market Throughout 2023
To maintain consistency in the application and enhance the nutrient quotient of crops, the dry form of feed acidifiers is utilized extensively. Demand for dry feed acidifiers is preferred as they are convenient to store, transport, and use. Also, the dry form of feed acidifiers can be used efficiently due to their free-flowing structure. Owing to these factors, dry feed acidifiers are projected to outpace the sales of the liquid form during the forecast period.
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The Feed Acidifiers Market To Record the Fastest Growth in South America During the Forecast Period
As governments in the South American region focus on investing in the livestock sector, rearers in various countries of this region are allocating their budget to utilize feed acidifiers. Rearers are mainly focusing on improving the meat quality by utilizing feed acidifiers and offer GRAS-certified produce in the market. The demand for meat and poultry products is also projected to increase in parallel to the population growth and disposable income of consumers in this region. Due to these factors, the market in this region is expected to record the highest growth during the forecast period.
Leading players in the feed acidifiers market are adopting strategies such as product launches, acquisitions, expansions, and collaborations & divestments. Key players identified in this market include Yara International ASA (Norway), Kemira OYJ (Finland), BASF SE (Germany), Biomin Holding GmbH (Austria), and Kemin Industries Inc., (US).
Overall, the growth of the feed acidifiers market is projected to remain moderate during the forecast period. As the competition to offer effective feed acidifiers intensifies in the market, leading players to focus on expansions and collaborations to enhance their brand presence across regions and expand their customer base. These factors are projected to encourage high growth during the forecast period.
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