In a recent published report, Kenneth Research has updated the market report for Feed Acidifiers Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Feed Acidifiers Market products.
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On the other hand, it is estimated that every second, around 300kgs of toxic chemicals are released into water, land and air by the industrial facilities. Further, the market is projected to grow on account of the growing trade in chemicals worldwide. The European Union recorded to be the largest exporter of chemical products around the globe in the year 2019. The region was also the second largest importer of chemical products after the United States in the same year. The exports of chemicals in Europe, according to the statistics by Eurostat, grew from USD 323.49 billion in 2010 to USD 504.83 billion in 2020. Moreover, the imports of chemicals in the region grew from USD 205.64 billion in 2010 to USD 285.91 billion in 2020.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Global Feed Acidifiers Market to reach USD 4 billion by 2025. Global Feed Acidifiers Market valued approximately USD 2.66 billion in 2017 is anticipated to grow with a healthy growth rate of more than 4.91% over the forecast period 2018-2025. Increasing demand for protein rich foods such as meat and dairy products due to rising occurrence of nutritional deficiencies among livestock is expected to drive global feed acidifiers Market. Growing concerns for improving animal feed quality coupled with rising demand for high nutritional additives is estimated to fuel the Market growth over the forecast period. Global feed acidifier industry has been witnessing growing requirement for healthy livestock owing to increasing animal disease outbreaks such as swine flu, avian flu and bird flu is estimated to drive feed acidifiers demand over the next few years. Leading companies in global animal feed Market have been using feed acidifiers to supplement nutritional additives in livestock. Global animal feed additives Market has witnessed ban on several antibiotics and multivitamins by regulatory agencies FDA, USDA and REACH. Discontinuation of these feed additives has further elevated penetration of acidifiers in the feed Market over the past few years.
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The regional analysis of Global Feed Acidifiers Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World Asia Pacific dominated the feed acidifiers Market in 2018, as the region has also witnessed an increase in the number of feed mills and feed production, particularly in countries such as India, Japan, New Zealand, and Australia. The increasing demand for protein-rich livestock feed in New Zealand and Australia has led to growth in demand for feed acidifiers for better and enhanced quality of meat and dairy products.
Additionally, milk production in the Asia Pacific region was more than 40% (or more than one-third of the total milk production in the world) in 2016. Being the largest region in terms of both volume and value, consumers belong to varied economic strata, with varying food habits and demands. The South American Market is projected to grow at the highest CAGR from 2018 to 2025. Growth in South America can be attributed to factors such as growing meat and milk consumption, which probably assumes greater political and economic importance in South America than in any other region of the world.
Major market players in Feed Acidifiers Market are BASF, YARA International ASA, Biomin Holding GmbH., Kemira Oyj, Perstorp Holding AB, Novus International Inc, Carbion NV, Impex Traco NV, Anpario PLC, Jefo Nutrition Inc., Nutrex NVand so on.
The objective of the study is to define Market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the Market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
Feed Acidifiers Market Segmentation:
By Compound:
*Blended Compound
*Single Compound
By Livestock
*Poultry
*Swine
*Ruminants
*Aquaculture
By Type:
*Propionic Acid
*Formic Acid
*Citric Acid
*Lactic Acid
*Sorbic Acid
*Malic Acid
By Form:
*Dry
*Liquid
By Region:
North America
*USA
*Canada
Europe
*Germany
*U.K.
*France
*Italy
*Rest of Europe
APAC
*China
*India
*Japan
*Rest of Asia-Pacific
RoW
*Latin America
*Middle East & Africa
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Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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