Market Overview:

Feed additives are a kind of supplements given to the farm animals to ensure proper nourishment, and they mostly include fatty acids, vitamins, amino acids, and minerals. Most of these are not collected from the natural food that these animals consume and therefore, it needs an external source of nutrients. Vitamins and minerals are required in smaller amounts and are gathered from external sources as the body of animals cannot process these nutrients. Fatty acids and amino acids are macronutrients that are needed by the body in large quantities, and the body can handle them. The global Feed Acidifiers market was valued USD 1736.88 million in 2019 and is expected to progress at a CAGR of 6.70%, to reach USD 2402.1 million by 2024.

Market drivers and restraints:

There are certain growth factors such as rise in the consumption of meat and meat products, and rising government funds and promotional awareness relating to the usage of feed acidifiers that assists in the growth of the global market. The rise in the research and development will assist in the production of different novel products. This is estimated to create an opportunity for various manufacturers in the feed acidifiers market.

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Report segmented as:

By type:

formic acid
lactic acid
propionic acid
citric acid
malic acid
sorbic acid
others
By compound:

single compound
blended compound
By form:

dry
liquid
By livestock:

poultry
ruminants
swine
aquaculture
others
Geographical analysis:

The global Feed Acidifiers market has been segmented into to four major regions, namely North America, Europe, Asia-Pacific, and the rest of the world. The North American and Asia Pacific regions are expected to be the prominent contributors to the world market in the coming years.

Important market players:

Some of the major market players operating in the global feed acidifiers market are BASF SE, Nutrex NV, YARA International ASA, Jefo Nutrition Inc., Biomin Holding GmbH, Anpario PLC, Kemira OYJ, Impex Traco NV, Perstorp Holding AB, Carbion NV, Novus International Inc., among the other feed acidifiers manufacturers.

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

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