The Asia-Pacific feed acidifiers market is expected to grow at a CAGR of 5.9% to reach a market value of $722.5 million by 2020. Animal feed acidifiers are organic acids incorporated in the feed for nutritional or preservative purposes.
Acidifiers in the feed help to control microbial growth, reduction of feed buffer capacity, inhibit pathogenic bacteria and also improve the nutrient digestibility. The end consumers of feed additives are compound feed manufacturers, integrators, farmers, home-mixers, livestock and aquaculture industry.
Rise in consumer and farmer awareness, preference in quality meat and concerns about health of livestock have fuelled the growth of the acidifiers market in the region. Further, the compound feed industry growth and industrialization of livestock industry makes it necessary to apply feed acidifiers into feed. Prevalence of artificial substitutes and unclear regulatory environment put pressure on market growth.
Acidifiers included in the feed are known to maintain low PH in the livestock preventing diseases, activating digestive enzymes, promote homogenous blending of the feed. By product type, the acidifier market is segmented into Lactic Acid, Propionic Acid, Fumaric Acid etc. Propionic acid and lactic acid are the two popular acidifiers preferred in the animal feed and fumaric acid would grow at a faster CAGR during the forecast period.
The report has been further segmented on the basis of consumption in different livestock. It includes swine, ruminants, poultry, aquatic animals and others. Poultry and ruminant are the major consuming segment of feed acidifiers; poultry alone accounts for around 50% of the market share in Asia-Pacific.
China, India, Japan, Thailand and Australia are major markets for feed acidifiers in the region. Subsidies on meat exports in countries like India are driving the manufacturers to increase meat production thereby fuelling the growth of markets. Countries such as Indonesia, Vietnam, and Malaysia are also promising markets in the region.
Asia-Pacific is the second largest market for feed acidifiers after Europe which is why global players are trying to capture the region market currently. Novus International, Kemin Europa, Biomin are some of the most active companies in the region. Many leading players in the region are investing in R&D for new breakthroughs, product line expansion and effective production and management techniques.
Key Deliverables in the Study
Market analysis for the Asia-Pacific Feed Acidifiers Market, with region specific assessments and competition analysis on global and regional scales
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the Asia-Pacific Feed Acidifiers market on both global and regional scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
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