The report studies the global feed acid market across four key regions: Asia Pacific, North America, Europe, and Rest of the World. The report states that in 2012, the feed acid market was dominated by North America and Europe, with over 60% of the total market share. As antibiotics have been largely banned in these two regions, the demand for feed acids from processed meat and poultry industries has increased considerably.
However, during the forecast period, Asia Pacific is expected to display the fastest growth in the global feed acid market, at a CAGR of 6.60%. The report states that the rapid growth of the market in this region is contributed by the increased consumption of meat and dairy products, especially in middle-class households. The report focusses on countries such as India, China, and Japan to monitor the growth trajectory of the feed acid market in Asia Pacific.
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According to a recent market research report released by Transparency Market Research, the global feed acid market is estimated to develop at a CAGR of 6.30% during the period between 2013 and 2019. The report, titled “Feed Acid Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019”, forecasts the global feed acid market to reach a valuation of US$1,779.3 mn by 2019. The global feed acid market was worth US$1,162.3 mn in 2012.
The report points out that the rise in consumption of meat across the globe has led to the growth of the global feed acid market. The demand for feed acids is expected to grow exponentially during the forecast horizon owing to increasing number of epidemics such as foot-and-mouth disease and avian flu. The essential nutrients present in feed acids increase the nutritional value of as well as the shelf life of the animal feed. However, the report states that the growth of the global feed acid market will be restricted by the availability of various alternative products. Against the backdrop of ban on antibiotics in animal feeds across various nations, the global feed acid market will have new opportunities to grow. Manufacturers are blending different organic acids for better results. This will open new avenues for the growth of the global feed acid market. The report offers an overview of the application of feed acids. The report discusses about the ban on antibiotics across key geographical regions and how the price of feed acids is trending across these regions.
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The report profiles some of the key players in the global feed acid market such as BASF SE, ADDCON GmbH, Biomin GmbH, Kemin Industries Inc., Perstorp AB, Jefo Nutrition Inc., Novus International, Impextraco, Corbion Purac, Yara International ASA, Trouw Nutritional International B.V., Kemira Oyj, Evialis, Provimi SA, and ADA Alliance Nutrition Inc. The report offers detailed information about the key players such as product portfolio, business strategy, and recent developments. There are hundreds of small players as well in the global feed acid market. The companies usually rely on third-party distributors to reach consumers.