News provided by
MarketsandMarkets
23 Mar, 2023, 05:30 ET
CHICAGO, March 23, 2023 /PRNewswire/ -- The Feed Acidulants Market is estimated to be valued at USD 3.4 billion in 2023. It is projected to reach USD 4.7 billion by 2028, recording a CAGR of 6.2% during 2023 to 2028 according to a report published by MarketsandMarkets™.Some macroeconomic and microeconomic elements that have been prevalent in some important countries have had an impact on the global feed acidulants market. In terms of value sales, this would be strong enough to significantly influence the market during the predicted period. The rise in consumption of animal-based food, demand for a high protein diet, changing lifestyles, and consumption patterns drive the demand in the feed acidulants market.
Download PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=268013619
Browse in-depth TOC on "Feed Acidulants Market"
216 – Tables
43 – Figures
214 – Pages
Propionic acid holds the largest market share for feed acidulants in 2023.
Propionic acid is commonly used as a preservative in animal feed and grain due to its non-corrosive nature to farm equipment. It has received approval for use in food, beverages, and animal feed by various organizations, and is generally recognized as safe (GRAS) when utilized as an antimicrobial and flavoring agent in food, as well as a chemical preservative in feed. This has led to an increase in the use of propionic acid in various food products and has resulted in the growth of the feed acidulants market.
The pH control by function is the fastest-growing segment in the feed acidulants market.
Feed acidulants are used to lower the pH of animal feed, which can improve nutrient availability, reduce microbial growth, and prevent spoilage. The pH control property of feed acidulants is critical in maintaining the overall health and well-being of animals, as well as the quality of their feed. Factors such as increasing animal health concerns, the rising demand for animal protein, and the implementation of regulations regarding the use of antibiotics in animal feed are driving the growth of the market.
Request Sample Pages:https://www.marketsandmarkets.com/requestsampleNew.asp?id=268013619
Asia Pacific is estimated to dominate the feed acidulants market in 2022.
Asia Pacific holds the largest market share in the feed acidulants market. The growing focus on improving animal health and welfare is the key factor driving the market growth in this region. Additionally, the adoption of advanced feed technologies and the availability of cost-effective feed acidulant solutions are also contributing to the growth of the market in the Asia Pacific. Furthermore, the presence of major feed acidulant manufacturers in the region and the increasing investments in the animal feed industry is expected to further drive the market growth.
Recently, several companies in Asia Pacific have announced strategic partnerships to expand their presence in the feed acidulants market. In 2021, Renata was appointed as the sole distributor for Nutrex feed additives in Bangladesh. Nutrex and Renata aim to provide farmers with high-value feed additives that will help them maximize animal performance through optimal digestion and gut health.
The key players in this market include BASF SE (Germany), Yara (Norway), Kemin Industries Inc. (US), Eastman Chemical Company (US), and DSM (Netherlands).
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=268013619
Browse Adjacent Markets @Feed and Animal Nutrition Market Research Reports & Consulting
Related Reports:
Phytogenic Feed Additives Marketby Type (Essential Oils, Flavonoids, Saponins, and Oleoresins), Livestock (Poultry, Swine, Ruminants, and Aquatic Animals), Source, Form, Function, Packaging and Region - Global Forecast to 2027
Feed Enzymes Marketby Type (Phytase, Carbohydrase, and Protease), Livestock (Poultry, Swine, Ruminants, and Aquatic Animals), Source (Microorganism, Plant, and Animal), Form (Dry and Liquid), and Region - Global Forecast to 2025
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us onTwitter,LinkedIn andFacebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [emailprotected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/feed-acidulants-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/feed-acidulants.asp
Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg
SOURCE MarketsandMarkets
