The global market for feed acidifiers market in terms of revenue is estimated to be worth around $2,026.3 million in 2013 and is projected to reach $2,616.7 million by 2018; growing at the CAGR of 5.2 per cent, according to a new market report by Markets and Markets. The main industry participants are involved in acquisitions to penetrate the untapped markets.
The report, 'Feed Acidifiers Market by Type (Propionic Acid, Fumaric Acid, Lactic Acid, Formic Acid & Others), by Livestock (Swine, Cattle, Poultry, Aquatic Animals & Others), by Geography - Global Trends & Forecasts to 2018', defines and segments the global feed acidifier market with analysis and projection of the global volume and revenue for the feed acidifiers. It also identifies the driving and restraining factors for the global market with analysis of trends, opportunities, burning issues, winning imperatives, and challenges.
The market is segmented and revenue is projected on the basis of regions such as North America, Europe, Asia-Pacific, and Rest of the World (ROW). The key countries are covered and their market is projected for each region. Further, the market is segmented and the revenue is forecasted on the basis of types, livestock, and geography.
Feed acidifiers are supplements that are added to improve the digestibility of the feed. They are used for various purposes such as, to improve gut health, maintain level of micro flora in the intestine and increase the growth rate of the animals. Thus, feed acidifiers help to keep livestock healthy, which makes livestock more productive. Some important feed acidifiers are propionic acid, fumaric acid, lactic acid, and formic acid. These feed acidifiers are supplemented with the feed in varying quantities, depending on the livestock as well as the surrounding environment and its impact on the animals.
The demand-driving factors of the feed acidifiers market are the ban on the use of antibiotics as animal growth promoters, and the increasing use of acidifiers in treating animal diseases.
The main restraints of the industry are the emergence of substitute products such as metabolic peptides, microflora enhancers and herbal products. However, the increasing use of feed acidifiers for treating animal diseases is creating opportunities for the feed acidifiers.
The report adds that manufacturers are developing innovative production techniques to manufacture the products at a lower cost and increase their production capacity.