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News 699 views last update:6 Aug 2012

Feed acid market to reach $1.3 billion

Global potential for animal feed acidifiers and other health products for animals are on rise due to higher demand for top quality poultry, pork and beef. The global feed acidifiers market is projected to cross sales worth $1.28 billion by the year 2012.

Stable demand from developed countries for meat as well as meat products coupled with escalating consumption in the developing world, improving living standards, and a swelling population is expected to propel the worldwide demand for animal feed additives.

Further, ban on animal feed antibiotics has thrown the spotlight on acidifiers as one of the next most feasible and functional alternative. Sales of feed acidifiers are expected to increase, particularly in Europe due to ban.

Europe is the largest as well as the fastest growing feed acidifiers market in the world and is projected to cross US$500 million by the year 2012, with a compounded annual growth rate (CAGR) of more than 6.6% during the period 2008-2012.

Among product segments, fumaric acid market represents the fastest growing segment in the global feed acidifiers market and is projected to register a (CAGR) of more than 6.4% during the analysis period, 2000-2010.

Propionic acid market represents the largest market for feed acidifiers globally and is projected to exceed $417 million by the year 2012, as stated by Global Industry Analysts, Inc.

Feed acids considered natural
Application of feed acidifiers in other species of livestock such as poultry and cattle is currently in the experimental stage and is likely to emerge into an indispensable feed ingredient for all classes of animal species, given the market's shift from pharmaceutical products to natural feed and hygiene management.

Market for feed acidifiers is slated to expand gradually in the forthcoming years as suppliers and customers gain experience and comprehend the value of this currently not so familiar alternative.

The future is also expected to witness high sales of acidifiers that are protected through coatings or encapsulation than normal feed acidifiers.

Key acid players
Key players dominating the global feed acidifiers market include BASF, Biomin GmbH, Furst-McNess, Impextraco, Jefo Nutrition, Kemin Europa, Novus International, Perstorp AB, Purac America, Trouw Nutrition, and Yara International ASA.

The report titled "Feed Acidifiers: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, competition, regulatory and environmental issues, and recent industry activity.

Product segments analyzed include formic, lactic, fumaric, propionic and other acids. The study analyzes market data and analytics in value sales for the US, Canada, Japan, Europe, Latin America, and rest of the world.

The full report can be purchased at StrategyR 

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