The feed acidifiers market is estimated to be valued at USD 2.73 billion in 2018 and is projected to reach USD 3.50 billion by 2023, at a CAGR of 5.1% during the forecast period. The market is driven by the growing government aids or funds in the feed industry and high threat of diseases among livestock.

Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=163262152

Target Audience

• Regulatory bodies
  • World Health Organization (WHO)
  • American Feed Industry Association (AFIA)
  • European Feed Manufacturers’ Federation (FEFAC)
  • EU Association of Specialty Feed Ingredients and their Mixtures (FEFNA)
  • International Feed Industry Federation (IFIF)
  • Government agencies
• Intermediary suppliers such as traders, distributors, and suppliers of feed acidifiers and end products
• Feed manufacturers & suppliers
• Associations and industry bodies
• Feed acidifier manufacturers and suppliers
• Feed acidifier traders and distributors
• Commercial research & development (R&D) institutions
• Feed acidifier retailers
• Government and research organizations
• Technology providers to feed acidifier companies

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalyst.asp?id=163262152

Rising prices of feed acidifiers restrain the market growth. The trend of price increase has been observed for feed acidifiers, owing to which the market for these products has been hindered. Manufacturers of feed acidifiers are faced with rising product prices and diminishing supply, inducing market pressures that have led to the increase in price structures. For example, formic acid and propionic acid, which boast of a wide range of applications, including animal nutrition, have been experiencing a rise in consumption, thereby leading to a rise in their prices. Apart from being used as a feed preservative and acidifier, formic acid is also used in leather processing for the efficient fixing of dyes and acts as a re-tanning agent. Potassium formate, which is a salt of formic acid, is used as an environmentally acceptable de-icing agent, which is used on roads and airport runways. Additionally, both formic acid and potassium formate are used in the oilfield industry as a part of the drilling process and in shale gas exploration. Formic acid is also used as a descaling agent.

The South American market is projected to grow at the highest CAGR from 2018 to 2023. This growth is attributable to the development of the animal husbandry sector in the region that has promoted an increase in the consumption of feed additives such as acidifiers, rising income levels in emerging economies such as Brazil and Argentina which is supporting consumer inclination to better quality meat and other livestock products, rising demand for South American meat.

This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as BASF SE (Germany), Yara International ASA (Norway), Kemin Industries Inc. (US), Kemira OYJ (Finland), and Biomin Holding GmbH (Austria). Impextraco NV (Belgium), Pancosma (Switzerland), Nutrex NV (Belgium), Perstorp Holding Ab (Sweden), Novus International (US), Jefo Nutrition Inc. (Canada), Anpario plc (UK), Corbion Purac (Netherlands), ADDCON Group (Germany), and Peterlabs Holding (Malaysia) are other players that hold a significant share in the feed acidifiers market.