Global Feed Acid Market to Exhibit 6.30% CAGR 2013-2019 due to Growing Demand for Processed Meat

2024-11-07 03:13:26 Lifestyle

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According to a recent market research report published by Transparency Market Research, the global feed acid market is estimated to expand at a CAGR of 6.30% during the period between 2013 and 2019. The report, titled ?Feed Acid Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,? projects the global feed acid market to be worth US$1,779.3 mn by 2019. The overall market stood at a valuation of US$1,162.3 mn in 2012.

Feed acids refer to essential nutrients that are used to improve the shelf life of animal feeds and increase their nutritional value. Owing to the growing demand for meat and dairy products across the globe, the availability of healthy livestock is important in times when epidemics such as mad cow, avian flu, and foot and mouth disease are prevalent. For advanced animal nutrition, essential amino acids such as lysine are used in feed acids.

Browse the full report at:http://www.transparencymarketresearch.com/feed-acidifiers-market.html

The report states that the rise in meat consumption worldwide is expected to fuel the demand for feed acids. According to the World Health Organization, the annual meat production is expected to increase from 218 mn tons in 1997-1999 to 376 mn tons by 2030. Various disease outbreaks among livestock have further increased the need for feed acids. All these factors are anticipated to drive the growth of the global feed acid market during the forecast horizon. However, the usage of various alternatives might hamper the demand for feed acids. The overall market has a huge opportunity to grow with the ban on the usage of antibiotics on livestock. Nowadays, different organic acids are blended in feed acids for better results.

The report studies the global feed acid market across four key regions: Asia Pacific, Europe, North America, and Rest of the World. In 2012, Europe and North America dominated the overall market and together held over 60% of the market. The rapid growth of the feed acid market in these regions can be attributed to the ban on antibiotics and the increased demand for processed meat. During the forecast horizon, Asia Pacific is anticipated to register the fastest growth in the market, expanding at a CAGR of 6.60%. The increased consumption of meat and dairy products across the middle-class households in the region, especially across countries such as Japan, China, and India will drive the growth of the market in the region.

Describing the competitive landscape, the report profiles some of the key players in the global feed acid market such as ADDCON GmbH, BASF SE, Biomin GmbH, Perstorp AB, Kemin Industries Inc., Jefo Nutrition Inc., Impextraco, Novus International, Corbion Purac, Trouw Nutritional International B.V., Yara International ASA, Kemira Oyj, Provimi SA, Evialis, and ADA Alliance Nutrition Inc. The report further provides insightful information about the market players including their business strategies, product portfolio, and recent developments. Through SWOT analysis, the report analyzes the various growth opportunities for the market players during the forecast horizon.

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Global feed acid market has been segmented as:

Global Feed Acid Market by Region:
North America
Europe
Asia Pacific
Rest of the World