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Feed Acidulants Market Growth Trends, Size, Share, Overview, Application, Forecast To 2023
Feed Acidulants Market Highlights
Feed acidulants are additives mixed in animal feed to impart flavor. They are also used as preservatives to inhibit the growth of mold in feed. Such additives increase the acidity of the product. These organic acids are emerging as an effective substitute for antibiotics in animal feed. In the US and Europe, a ban on the use of antibiotics in feed is one of the major determinants that is driving the growth of the Feed Acidulants Market.
The rapid growth of the aquaculture industry due to the rising consumption of seafood is boosting the sales of acidulants for aquaculture feed. The global feed acidulants market has been segregated, by application, into ruminants, poultry, swine, aquaculture, and others. The poultry segment is expected to be dominant during the review period owing to the high consumption of additives in poultry feed. However, the aquaculture segment is expected to register the highest growth rate during the forecast period due to the surging demand for aquaculture feed.
The global feed acidulants market has been segregated, by application, into ruminants, ...
... poultry, swine, aquaculture, and others. The poultry segment is expected to be dominant during the review period owing to the high consumption of additives in poultry feed. However, the aquaculture segment is expected to register the highest growth rate during the forecast period due to the surging demand for aquaculture feed.
Segmentation
The global feed acidulants market has been segmented based on type, form, application, and region.
By type, the global feed acidulants market has been classified as lactic acid, formic acid, propionic acid, malic acid, citric acid, sorbic acid, acetic acid, and others.
By form, the global feed acidulants market has been categorized as dry and liquid.
The global feed acidulants market has also been divided, based on application, into ruminants, poultry, swine, aquaculture, and others.
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Competitive Analysis
Some of the key players in the Global Feed Acidulants Market are-
Jefo Nutrition Inc. (Canada)
BASF SE (Germany)
Novus International (US)
Yara (Norway)
Kemin Industries Inc. (US)
Kemira Oyj (Finland)
Peterlabs Holding (Malaysia)
Biomin Holding GmbH (Austria)
Anpario plc (UK)
Nutrex NV (Belgium)
Tate & Lyle (UK)
Regional Analysis
The Global Feed Acidulants Market has been segmented, on the basis of region, into North America, Europe, Asia-Pacific, the rest of the world.
Asia-Pacific is projected to dominate the global feed acidulants market and the regional market is projected to register the highest CAGR during the forecast period owing to the increasing production and consumption of animal feed in the region. India, Japan, China, and Thailand are the major contributors to market growth in the region.
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Intended Audience
Feed acidulants producers/processors
Food & beverage manufacturers
Feed manufacturers
Raw material suppliers and distributors
Traders, exporters, and importers
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