Jan 23, 2019   SOURCE: BusinessWire

Global Feed Acidulants Market to 2023: Propionic Acid, Formic Acid, Citric Acid, Lactic Acid, Sorbic Acid, Malic Acid, and Acetic Acid - ResearchAndMarkets.com

The "Feed Acidulants Market by Type (Propionic Acid, Formic Acid, Citric Acid, Lactic Acid, Sorbic Acid, Malic Acid, and Acetic Acid), Animal Type (Poultry, Ruminants, Swine, Aquaculture, Pets, Equine), Compound, Form, Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The global feed acidulants market is projected to grow from USD 2.7 billion in 2018 to USD 3.5 billion by 2023, at a CAGR of 5.1% during the forecast period.

The feed acidulants market is driven by various factors such as growth in animal husbandry, increase in demand for feed and feed additives, rise in awareness among livestock rearers for animal nutrition value, and ban on antibiotics in feed as natural growth promoters.

However, inefficiency in maintaining the potency of acidulants through the logistical chain due to volatility can hinder the growth of this market.

Market Dynamics

Drivers

  • High Threat of Diseases in Livestock
  • Increasing Consumption of Meat and Dairy Products
  • Ban on Antibiotics in the US and the European Union (Eu)
  • Growing Government Aids Or Funds Promoting Feed Industry Wellness

Restraints

  • Rising Prices of Feed Acidulants

Opportunities

  • Encapsulation Processes Used for Feed Acidulants

Challenges

  • Maintaining Efficacy of Feed Acidulants

Value Chain Analysis

Regulatory Framework

  • US
  • European Union
  • China
  • Japan
  • India

Companies Mentioned

  • ADDCON Group GmbH
  • Anpario Plc
  • BASF SE
  • Biomin Holding GmbH
  • Corbion NV
  • Impextraco NV
  • Jefo Nutrition, Inc.
  • Kemin Industries, Inc.
  • Kemira OYJ
  • Novus International, Inc.
  • Nutrex NV
  • Pancosma SA
  • Perstorp Holding AB
  • Peterlabs Holdings Berhad
  • Yara International ASA

For more information about this report visit https://www.researchandmarkets.com/research/t3j2kk/global_feed?w=4