Feed Acidifiers are the organic acids which are added into the animal feed for nutritional or preservative purposes. These acidifiers help in controlling microbial growth, feed buffer capacity reduction, improving nutrient digestibility etc. The Global Feed Acidifiers Market was worth 1.67 Billion USD in 2018 and is estimated to reach 2.52 Billion USD by 2025 at a CAGR of 6.04% during the forecast period
Growth by Region
Asia Pacific region dominated the Feed Acidifiers Market with more than 40% market share in 2017 due to high demand for nutritive feed and reliable animal nutrition products and increasing number of livestock.
Drivers vs. Constraints
Increasing importance for animal health, growing demand for livestock products, rising awareness about animal health & animal feed quality and ban of in-feed antibiotics are the key factors which increase the growth of the market
Industry Structure and Updates
Taminco completed the acquisition with Kemira’s Formic Acid Business to increase the sales and market