Acidifiers are organic acids that act as preserving agents and control growth of pathogenic intestinal micro-organisms and are used in the food industry.
A major factor driving growth of the global feed acidifiers market is increasing demand for meat products across the globe. High price of feed acidifiers is a major factor restraining growth of the global market.
The global market is segmented on the basis of type, form, compound, livestock, and region. On the basis of type, the global feed acidifiers market is segmented into propionic acid, formic acid, lactic acid, citric acid, malic acid, sorbic acid, and others. The other segment includes fumaric acid, tartaric acid, butyric acid, acetic acid, and benzoic acid.
On the basis of form, the global market is segmented into dry and liquid. The dry segment is expected to witness highest growth in terms of revenue in the global market during the forecast period.
On the basis of compound, the global market is segmented into blended and single. The blended segment is anticipated to witness highest growth in terms of revenue in the global market in coming years.
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On the basis of livestock, the target market is segmented into poultry, swine, ruminants, aquaculture, and others (equine and pets). The poultry segment is estimated to witness highest growth in terms of revenue in the global market over the forecast period.
On the basis of region, the global feed acidifiers market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific market accounts for highest share in terms of revenue in feed acidifiers market and is expected to maintain its dominance in coming years. The market in Europe is expected to witness significant growth in the global market over the forecast period.
Key players operating in the global market include BIOMIN Holding GmbH, BASF SE, Perstorp Holding AB, Yara International ASA, Kemin Industries, Inc., ADDCON GmbH, NOVUS INTERNATIONAL, Corbion N.V., Impextraco NV, and Anpario PLC.