DUBLIN--(BUSINESS WIRE)--The "Feed Acidifiers Market - Forecasts from 2018 to 2023" report has been added to ResearchAndMarkets.com's offering.
Feed acidifiers market is projected to witness a CAGR of 6.10% during the forecast period to reach a total market size of US$1.949 billion by 2023, increasing from US$1.366 billion in 2017.
Increasing demand for livestock products due to rapidly growing population, rising spending power of consumers and urbanizing societies are some of the major factors driving the need for feed acidifiers. Moreover, the ongoing advancements in animal feed industry owing to continuous investments in R&D and greater government funding, is further propelling the feed acidifier market growth.
The ban on antibiotics in Europe and certain parts of the United States have provided opportunities for feed acidifier vendors. In addition, the rising concern about the quality of animal products due to increasing health concerns among consumers significantly contributes to the feed acidifier market growth. However, the presence of substitute technologies may restrain its market growth.
The major players discussed in this report include BASF SE, Novus International, Yara International, Perstorp Holding, Kemin Industries, Biomin Holding, Impextraco, Kamira OYJ.
- Propionic Acid
- Lactic Acid
- Fumaric Acid
- BASF SE
- Novus International
- Yara International
- Perstop Holding
- Kemin Industries
- Biomin Holding
For more information about this report visit https://www.researchandmarkets.com/research/pmh664/global_feed?w=4