The global feed acidifiers market is anticipated to witness growth over the forecast period. Increasing demand for protein-rich foods such as meat and dairy products due to the rising occurrence of nutritional deficiencies among livestock is expected to drive the market. Growing concerns for improving animal feed quality coupled with rising demand for high nutritional additives is estimated to fuel the market growth over the forecast period. The global feed acidifier industry has been witnessing growing requirements for healthy livestock owing to increasing animal disease outbreaks such as swine flu, avian flu, and bird flu is estimated to drive feed acidifiers to demand over the next few years. Leading companies in the global animal feed market have been using feed acidifiers to supplement nutritional additives in livestock. The global animal feed additives market has witnessed a ban on several antibiotics and multivitamins by regulatory agencies FDA, USDA, and REACH. Discontinuation of these feed additives has further elevated the penetration of acidifiers in the feed market over the past few years.
Propionic acid was the largest product segment in the global feed acidifiers market in 2013. Abundant availability of propionic acid coupled with adequate supply has been the major factor for its dominance in the feed acidifiers market over the past few years. Fumaric acid also had a significant share in the global market. Growing awareness among animal feed manufacturers over added advantages of fumaric acid over other product segments is estimated to have a positive impact on the market growth over the forecast period. Lactic acid and formic acid are also estimated to increase market share in the near future. However, the emergence of substitute products such as microflora enhancers, herbal products, and peptides are expected to restrain the market for feed acidifiers.
Feed acidifier market can be segmented on the basis of livestock into poultry, swine, aquatic animals, cattle, and other feed. Increasing food demand particularly meat products in emerging markets of China and India coupled with increasing awareness regarding livestock health is expected to drive the regional market over the forecast period. Major companies in this market are conducting R&D to achieve product innovation and increasing production efficiency. Some of the major companies operating in the global feed acidifiers market include Kemin Industries, Kemira OYJ, Impextraco, BASF SE, Novus International, ADDCON GmbH, and Perstorp AB.
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Weaker consumer demand for lifestyle and wellbeing products due to social restrictions and lockdown policies shall have a negative impact on the demand patterns of cosmetic ingredients and certain categories of food additives. However, easing restrictions and public discourse about restarting economic activities in the consumer goods marketspace indicates that, the recovery of demand is imminent. The report will account for Covid19 as a key market contributor.