Feed acid market to reach $1.3 billion

17-11-2008 | |
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 

Correspondents



2/3 articles remaining | Register to continue reading.