As per this study the Global Feed Acidulant Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2028 with a CAGR of XX%.
The acidulant is the chemical compound that is added to the food and feed products to impart sharp flavor. In feed mixture, it is added to maintain gastric pH; enhance flavor, preserve the animal feed, inhibit growth of microorganisms, and improve efficiency to the feed.
Market Dynamics
The rising cattle population and high demand feed mixtures is the key factor driving the market growth. The ever-rising demand for meat and meat products is driving demand for feed mixture and silage. This is, in turn fueling the demand for feed acidulant. The rise in funding for animal feeds from various governments is also contributing the growth of this market.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of feed acidulant.
Market Segmentation
The broad feed acidulant market has been sub-grouped into type, animal type and function. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Type
- Propionic Acid
- Formic Acid
- Citric Acid
- Lactic Acid
- Malic Acid
- Acetic Acid
- Others
By Animal Type
- Poultry
- Swine
- Ruminants
- Others
By Function
- pH Control
- Feed Efficiency
- Flavor
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for feed acidulant in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Feed Acidulant Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the feed acidulant market include 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 S.A, Perstorp Holding Ab, Peterlabs Holdings Berhad and Yara International Asa. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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