Animal Feed Acidifiers Market Size
Market Outlook:
Base Year Value (2023)
USD 2.22 Billion
CAGR (2024-2032)
6.5%
Forecast Year Value (2032)
USD 3.91 Billion
Historical Data Period
2019-2023
Largest Region
North America
Forecast Period
2024-2032
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Market Dynamics:
Growth Drivers & Opportunity:The increasing demand for high-quality animal products and the rising awareness about animal health are expected to drive the growth of the animal feed acidifiers market.
The growing adoption of acidifiers in feed to improve feed digestibility, enhance nutrient absorption, and boost immunity in animals is also a major growth driver.
The focus on reducing the use of antibiotics in animal feed and the emphasis on sustainable livestock production practices are creating opportunities for the expansion of the animal feed acidifiers market.
Industry
Report Scope
| Report Coverage | Details |
|---|---|
| Segments Covered | Product, Form, Livestock, Application |
| Regions Covered | • North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA) |
| Company Profiled | BASF SE, Cargill, Incorporated, Novus International,, Nutreco N.V., Perstorp Holding AB, Kemira Oyj, Kemin Industries,, Yara International ASA, Biomin Holding, Impextraco NV, Adisseo France SAS, Trouw Nutrition (a Nutreco company), Jefo Nutrition, Pancosma SA, Volac International Limited |
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The high cost of production and the limited availability of raw materials for manufacturing acidifiers are major restraints for the animal feed acidifiers market.
Stringent regulations related to the use of acidifiers in animal feed and the lack of awareness about their benefits among small-scale farmers are also posing challenges for market growth.
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