Feed acidifiers act as stabilizers for different livestock. Of late, they have been getting wide recognition. This is because they are deemed decent replacements for antibiotics to aid further growth in animals. Feed acidifiers also enhance the health of animals and digestibility of feed.
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The feed acidifiers market is experiencing moderate growth. It is expected to register a CAGR of around 5.3% by 2018. This is on account of rising demand for highly nutritious foods, including milk and meat products.
The key factors driving the feed acidifiers market are huge demand for meat and dairy products and rising awareness about feed acidifiers. Also, feed acidifiers are used in treating intestinal problems of animals. This factor is expected to be one of the leading drivers of the market.
The feed acidifiers market can be categorized into livestock, types and geographies. The market, on the basis of livestock, includes aquatic animals, cattle, swine, poultry and other livestock. Poultry holds the largest market and is followed by the sector of swine.
The feed acidifiers market, on the basis of types, can be fragmented into formic acid, lactic acid, fumaric acid and propionic acid. Propionic acid was one of the largest segments in 2013. This was due to the huge availability and adequate supply of propionic acid that year.
Geographically, the feed acidifiers market can be categorized into Asia Pacific, Europe, North America and ROW (rest of the world). Europe and Asia Pacific are the most lucrative markets. In terms of revenue, North America was reported to be growing the fastest. This owed to technological improvements and rising demand for protein rich foods.
Information Source: Grand View Research