Feed Acidifiers Market Size is anticipated to reach USD 3,109.11 Million by 2027, registering a CAGR of 4.9% during 2020-2027.
Feed acidifiers Market Overview:The global feed acidifiers marketCAGR is 4.9%. This is expected to continue until the end of 2027. The market is expected to be worth US $3,109.11 million by then. Feed acidifiers play a crucial role in the livestock industry. They contain minerals and substances that help regularize the digestive and bowel system of livestock by balancing out gut bacteria in the favor of good bacteria.
Feed acidifiers are a Godsend to the global livestock industry because they keep livestock healthier by killing off any pathogens, microbes, or bad bacteria that could potentially grow in their gut. This adds billions in terms of revenue for farmers and agro-processing companies every year.
COVID-19 Analysis:COVID-19 was a nuisance virus that sometimes had dangerous and (rarely) deadly outcomes. COVID-19 was considered to be a global threat by all governments. They responded by imposing lockdowns and quarantines. The result was an economic slowdown because many key industries were forced to shut down at least temporarily/
The global feed acidifiers market was no exception. Many of the manufacturers found production dropping dramatically because raw materials were either exorbitantly priced or were in short supply. The manufacturers were forced to pass these higher production costs onto the end consumer in the form of higher prices.
Market Dynamics:Drivers:The middle classes in developing nations are exploding. As these people get richer, they want to consume food that is higher in fat, protein, and calories. Hence, they want to eat more meat and poultry products. This is what is fueling growth in the global feed acidifiers market.In developed nations, people prefer to eat out a lot (often times every day.) They want to eat foods that contain meat. This is also another key driver.
Opportunities:There is a lot of money to be made in the global feed acidifiers market. This is motivating many companies to invest heavily in research and development in the attempt to create a new generation of global feed acidifiers that are more effective in regularizing the guts of livestock. The encapsulation technique is also creating many opportunities for these companies.
Restraints:One of the key restraints that this industry faces is the high cost of feed acidifiers. Many individual farmers who own family farms will be unable to afford these expensive feed acidifiers. Only the larger corporate farms will be able to buy these acidifiers. This will restrict the growth rate in terms of market size and pace for many years.
Challenges:It’s not hard or expensive to make substitutes to feed acidifiers. These substitutes are often equally effective. Many individual farmers and smaller farm owners will continue to buy these substitutes out of the desire to keep the price of meat and poultry down for the end consumer
Cumulative growth analysis:The global feed acidifiers markethas a current CAGR of 4.9%. This is expected to continue for the next six years (until the end of 2027.) The market is expected to be worth US $3.109.11 million by then.
Technology Analysis:Kemin Industries is a major player in the global feed acidifiers market. This American company has been engaging heavily in research and development. They have thus developed many products to improve the gut health of poultry. One of these is Aleta. This is a feed acidifier that’s largely comprised of Beta-Glucans.
Beta Glucans do more than keep the gut of chickens and other poultry species balanced and regular. They also help to enhance and strengthen their immune systems. This makes them grow healthier and larger. This translates into more money for the seller.Segment overview:By type:The global feed acidifiers marketcan be classified into the following types:
The majority of purchases have been of feed acidifiers that contained mainly propionic acid.
By formThe global feed acidifiers market can be classified into the following forms:
Farmers - individuals and groups and corporations are expected to buy more feed acidifiers in liquid form. This is mainly because it’s more affordable and easier to give to different species of livestock.
By compoundThe global feed acidifiers market has products that can be categorized by the following main compounds:
Blended feed acidifiers will continue to remain the feed acidifiers of choice because they are more affordable for the individual, group, and corporate farmers. They are also easier to give to livestock. Their diverse composition makes it easier for the livestock to digest them.
By marketThe global feed acidifiers industry consists of the following markets:
Farmers of all kinds have bought poultry feed acidifiers the most often. This may be because they raise many more species of poultry than they do other types and species of livestock
Regional Analysis:There are four regions that the global feed acidifiers market can be separated into. These are:
The European Union has bought the most feed acidifiers to date. Its market share in 2019, for example, was 38.15%. The CAGR for this region is barely lower than the global CAGR of 4.9%. The CAGR for the European Union until the end of 2027 is expected to be 4.4%.
One of the main reasons why the European Union has the highest market share to date is because European consumers are very health conscious. They are very picky about what they eat and put into their bodies. Therefore, they only want to eat meat and poultry that was raised by eating food that promoted a healthy digestive system and gut. Besides, a growing repertoire of recent medical research indicates that people who eat meat and poultry with a healthy gut and digestive system live longer and are healthier themselves.
Various governments across the European Union have also tightened the rules and regulations regarding what the feed that European farmers give their livestock can contain. They (European governments) increasingly require that this feed contain healthy substances and elements and substances and elements that promote the overall and gut health of livestock.
Competitive Landscape:Companies in the global feed acidifier marketare finding that they constantly need to ‘stay on the ball’ in terms of new products, innovations, and the introduction of more affordable substitutes. This is why they’re investing heavily in research and development. Many of the major companies in this industry are desperate and eager to develop the new technologies and innovations that will lead to healthier feed acidifiers. Though they have to spend a lot of money on research and development, they know that the return on investment (ROI) of these new generations of products will be high since they can sell their products at a premium.
Though farmers still prefer affordable substitutes, a growing number are willing to buy higher-priced feed acidifiers if they know that it’s of high quality and will keep their livestock’s guts stronger. They have found that the new generation of feed acidifiers also keeps their livestock healthier by giving their immune systems a real boost. This helps them because it allows them to sell their livestock (once slaughtered) at higher prices. Consumers are willing to pay much higher prices for meat that is healthier and richer in protein, fats, and calories. The farmers can pocket some of the extra revenue. They can also invest some of the extra revenue back into their farms.
The global feed acidifier market is very competitive. The main reason is that there are few barriers to entry. It’s not hard for someone with some money to invest in feed acidifiers and start selling these products to farmers and farms. Given this reality, companies have relied more on research and development to develop a new generation of higher-quality feed acidifiers that are much more effective. They know that this is the smartest strategy to make because they can only lower prices so much and still stay in business. They are also aware that farmers and farm owners are willing to pay more for the new generation of feed acidifiers.
These companies are also forging partnerships and entering into mergers and acquisitions. Their objective is to remain competitive and make more money by entrenching their positions in existing markets. They also want to have an easier time entering into new markets. Joint ventures make this process much easier.
List of Companies:
Kemin Industries is an American company with a presence in the global feed acidifiers market. They have created this superior market position by investing heavily in research and development. This has allowed them to create a new generation of more effective feed acidifiers.
Report Overview:The global feed acidifiers industryhas become more popular in recent years despite the ready availability of affordable substitutes. The industry is expected to grow a modest CAGR of 4.4%. Many companies are responding to the increased and intense competition by investing heavily in research and development. The objective is to create a new generation of more effective products that will sell better.
|Market Size||USD 3,109.11 Million|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Form, Compound, Livestock|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Kemin Industries, Inc. (US), BASF SE (Germany), Yara (Norway), Perstorp (US), Biomin Holding GmbH (Austria), Addcon GmbH (Germany), Impextraco NV (Belgium), Novus International (US), Corbion NV (Netherlands) Pancosma (Switzerland).|
|Key Market Opportunities||The encapsulation technique is also creating|
|Key Market Drivers||The middle classes in developing nations are exploding|
The projected feed acidifiers market valuation by 2027 would be USD 3,109.11 Million by 2027.
The feed acidifiers market CAGR would be 4.9% during the forecast period.
The types discussed in the feed acidifiers market report are lactic acid, formic acid, sorbic acid, citric acid, malic acid, propionic acid, and others.
The live stocks studied in the feed acidifiers market report are ruminants, poultry, swine, aquaculture, and others.
The feed acidifiers market report includes single compound and blended compound.