Feed Acid Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Chemical & Materials Report Format : PDF Report Code: ZMR-5748 Status : Upcoming

Description

Global Feed Acid Market: Overview

Feed acid offers a nutritionally balanced diet to the livestock. These include feed enzymes, amino acids, antioxidants, vitamins as well as antibiotics that are essential for the proper growth of the ruminants and poultry animals. Nowadays farmers are majorly focusing on the use of methods that can enhance the yield and simultaneously maintain the health of the livestock at a lower cost. Feed acid can be a solution for all the concerns of the farmers due to its health benefits for the animals.

Global Feed Acid Market: Growth Factors

The global feed acid market is growing at a significant rate. Factors such as rise in demand for nutritious feed for the livestock animals, increase in demand for dairy products as well as meat, and dramatic changes in livestock farming & their feeding practices have led to a rise in demand for feed acid that has ultimately upsurged the growth of the global feed acid market. Due to the rise in diseases among animals, the government of several countries is primarily focusing on the health of the animals. Animal feed that is fortified with essential amino acids, vitamins, and feed enzymes is the key to the good health of the livestock. Feed acid improves the feed. Antibiotics help to control the spread of diseases in poultry and other animals. It kills pathogenic microorganisms and enhances response in livestock to several antibiotic treatments & improves digestion as well. Feed acids can also be used as finished products or as an ingredient. All these factors are substantially contributing to the growth of the global market. Moreover, the increase in the demand from farmers across the world and growing food processing industries to meet the demand of the consumers are also the factors that are fueling the growth of the market. Furthermore, the major concerns regarding the quality and nutritional value of dairy & meat products among the consumers will drive the growth of the global feed acid market during the forecast period. However, unawareness of the health benefits of the feed acid and the rising trend of veganism are the factors that may restrain the growth of the global feed acid market.

Like many other industries, the food industry and livestock farming are also been affected by the outbreak of Covid-19. The food industry had to cease all its operations due to the government's strict decision of lockdown. Restriction on personnel movement was also imposed to control the rapid spread of the disease. Due to a shift in consumer behavior, the demand for meat and related products decreased. The scarcity of raw material, disruption in the distribution channel, and less labor force are also the factors that severely affected the growth of the global feed acid market during the pandemic. However, post-pandemic, the government is majorly focusing on the health of the animals which in turn will boost the growth of the global market in the upcoming years.

Global Feed Acid Market: Segmentation

The global feed acid market is bifurcated into animal type, product, and region. Based on the animal type, the global market is split into poultry and ruminants. Among these, the poultry segment is expected to dominate the market due to its growing popularity as food among the consumers which in turn requires huge demand of feed acid to maintain its good health provided with nutritional benefits. Based on the product, the global market is categorized by vitamins, amino acids, antioxidants, feed enzymes, and antibiotics. Among these, the amino acid segment is anticipated to hold the largest share as they are essential for protein synthesis and offers good immunity.

Global Feed Acid Market: Regional Analysis

Among the regions, North America is predicted to hold the maximum share in the global feed acid market and is also expected to hold its dominance over the forecast period. This is attributable to the rise in demand for feed acids due to the ban on the use of antibiotics, the presence of key players, and the growing demand for meat in this region. Asia Pacific is anticipated to grow with the highest CAGR owing to increasing poultry farming and an increase in consumer preferences towards the quality of meat & dairy products.

Global Feed Acid Market: Competitive Players

Trouw Nutritional International B.V., Novus International, Kemin Industries Inc., Provimi SA, ADA Alliance Nutrition Inc., Jefo Nutrition Inc., Evialis, BASF SE, Biomin GmbH, and ADDCON GmbH are some of the prominent players operating in the global feed acid market.

Global Feed Acid Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

Table Of Content


Frequently Asked Questions

Factors such as rise in demand for nutritious feed for the livestock animals, increase in demand for dairy products as well as meat, and dramatic changes in livestock farming & their feeding practices have led to a rise in demand for feed acid that has ultimately upsurged the growth of the global feed acid market. Furthermore, the major concerns regarding the quality and nutritional value of dairy & meat products among the consumers will drive the growth of the global feed acid market during the forecast period.

Trouw Nutritional International B.V., Novus International, Kemin Industries Inc., Provimi SA, ADA Alliance Nutrition Inc., Jefo Nutrition Inc., Evialis, BASF SE, Biomin GmbH, and ADDCON GmbH are some of the prominent players operating in the global feed acid market.

Among the regions, North America is predicted to hold the maximum share in the global feed acid market and is also expected to hold its dominance over the forecast period. This is attributable to the rise in demand for feed acids due to the ban on the use of antibiotics, the presence of key players, and the growing demand for meat in this region.

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