Middle East And Africa Feed Acidifiers Market is expected to reach USD 208.65 million by 2023
Added: (Wed Nov 28 2018)
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Feed Acidifiers Market Overview
Feed Acidifiers are organic acids that mixed in the feed for the nutritious or additive purposes. These helps in the control of microbial development, maintaining buffer limit, prevention of pathogenic microscopic organisms. Additionally, they also enhance the nutrient digestibility. However, factors like increasing demand for nutritive feed, management of feed operating cost, increasing number of livestock are driving the market in this region.
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Increasing demand for protein rich food like dairy and meat, increasing importance for animal health, rising awareness about the feed quality, ban on the antibiotic growth promoters by the European Union are the drivers of the market. Artificial substitutes, growth inducing hormones, increasing new entrants are the factors restraining the growth of the feed acidifiers market.
Feed Acidifiers Market Forecast Report (2018-2023)
Middle East and Africa Feed Acidifiers Market was worth USD 173.69 million in 2018 and estimated to be growing at a CAGR of 3.73%, to reach USD 208.65 million by 2023.
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Feed Acidifiers Market Segmentation
The Feed Acidifiers Market is segmented on the basis of Type into Propionic Acid, Fumaric Acid, Lactic Acid, Acetic Acid, Formic Acid, Butyric Acid and Others. On the basis of Livestock, the market is further segmented into Poultry, Swine, Cattle, Aquatics, and Others. On the basis of Form, the market is segmented into Acidifiers blends and single component Acidifiers. On the basis of geography, the Middle East and Africa market is analyzed under various regions namely Middle East and Africa.
Major Players:
The major companies dominating this market for its products and services are
Kemira OYJ
Yara international
Kemin Industries
BASF SE
Biomin holding GmbH
Impextraco
Novus International
ADDCON GmbH
Perstorp AB.
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