Feed Acid Market
Feed Acid Market (Product: Amino Acids, Antibiotics, Vitamins, Feed Enzymes, and Antioxidant; Animal Type: Ruminants and Poultry) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030
- Food & Beverages
- 350 Pages
Adoption of more informed farming practices to offer better quality and standardized meat products has been significantly contributing to the expansion of the animal feed acid market.
Rising consumption of meat and dairy products has created a demand uptick for quality feed. Subsequently, the feed acid market is witnessing impressive growth prospects.
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Threonine Proves Indispensable to Improve Broiler Yield
The market today has various types of feed acids, of which threonine is forecast to hold dominance. Threonine is used to improve protein synthesis in feed, enabling weight gain in animals. It also offers them better immunity. Dearth of threonine can retard growth of animals and cause digestive problems.
Threonine is considered an essential nutrient to offer holistic diet to broilers. Dietary imbalance of threonine might compromise with their growth performance.
Effective nutrition, as we know, is indispensable for a profitable broiler business. Modern broilers can achieve 2 kg of body weight on consuming nearly 6.6 pound of feed within five weeks.
A nutritionally balanced diet and genetic selection are chief drivers for improving broiler growth.
To achieve this, however, protein and digestible energy are required, which can make broiler feed highly expensive.
Farmers are therefore using digestible amino acids to minimize feed cost. Modern day farmers are experimenting with various novel methods to improve yield. As a result the demand for feed acid is surging around the world.
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Poultry Emerges as Leading Segment
Poultry livestock has been significantly contributing to the demand witnessed in the feed acid market over the last few years. It is expected to remain a popular animal type through the course of the forecast period. Transparency Market Research (TMR) forecasts poultry to constitute the leading market segment in terms of animal type between 2020 and 2030.
The rising focus on improving animal health, coupled with improving knowledge pertaining to the benefits of including amino acids in feedstuffs will impel growth in the global market. Against this backdrop, experts foresee the consistently rising poultry consumption to be a boon for the feed acid market.
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Recent Pandemic Induce Heightened Cautiousness
As a response to unprecedented pandemic outbreaks and increasing cases of chronic ailments, governments around the world are focusing on animal health, now more than ever before. A slew of policies and regulations are implemented around the world to eliminate any chances of discrepancy in animal diet.
Feed acid is known to intrinsically improve the quality of feed. Consequently, their application is surging as governments look for effective ways of countering the spread of various diseases. Feed acids are packed with nutrition and health beneficial properties for animals.
For instance, it kills pathogenic microorganisms that are notorious for causing diseases, subsequently reducing growth in livestock. It also helps in reducing diarrhea and improving response to various antibiotic treatments in livestock, thus a healthy microbial balance for improved digestion.
Demand for Better Quality Meat and Dairy Products Impels Investment in Feed Acid
Considering its multi-faceted benefits, feed acids are used both as ingredients and finished products. The market as a result is witnessing increasing demand around the world. Because it helps in promoting livestock health and yield, the feed acid market is expected to reach nearly US$ 1.8 Bn by the end of 2020.
Feed acid has become integral to livestock and poultry diet. It is increasingly bought by farmers around the world to fulfil nutrient requirement of animals.
Consumers as well have become increasingly cautious about nutritional value of animal-derived food. They look for better quality and health benefits, compelling farmers to take better care and ensure holistic nutrition of their livestock.
Regionally, the global feed acid market can be segmented into North America, Asia Pacific, Europe, Latin America, the Middle East and Africa, and Oceania. Of these regions, North America currently exhibits dominance in the global market. Antibiotics use is largely banned in North America, owing to which the region records elevated demand for feed acids.
Europe as well has emerged as a lucrative market for feed acids. The region’s favorable regulatory scenario is enabling growth in the market. It exhibits significantly high demand for propionic acid, accounting for larger percentage of sales witnessed in the market.
However, over the course of the report’s forecast period, Asia Pacific is expected to exhibit higher rate of growth. TMR predicts growth witnessed in Asia Pacific to be higher that 6% CAGR between 2020 and 2030.
The rising meat and dairy consumption and increasing focus on health and wellness are two chief drivers of the feed acid market in Asia Pacific.
Besides this, demand witnessed in countries such as India, China, and Japan will continue giving impetus to the market in Asia Pacific.
Despite positive growth forecasts, the market is currently reeling under stunted growth. The unprecedented COVID-19 outbreak, has made consumers wary about meat consumption. This might have an adverse impact on the feed acid market.
Nonetheless, meat and dairy consumption is expected to recover in the coming years. More importantly, the market is expected to benefit from various research and development initiatives undertaken by the leading players.
Some of the companies operating in the global feed acid market are -
- Provimi SA
- ADDCON GmbH
- Biomin GmbH
- Kemin Industries Inc.
- BASF SE
- Perstorp AB
- Novus International
- Corbion Pura
- Kemira Oyj
- Jefo Nutrition Inc.
- Yara International ASA
- Trouw Nutritional International B.V.
- ADA Alliance Nutrition Inc.
Feed Acid Market- Scope of the Report
Transparency Market Research’s recent report on the feed acid market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the feed acid market analyzes the scenario for the period 2020 - 2030, wherein 2020 is the base year and 2019 is historical data. The report enables readers to make important decisions with regard to their business, through a wealth of information enclosed in the study.
This TMR study on the feed acid market provides data on the developments undertaken by important players and stakeholders in the market, along with a competitive analysis. The report also provides an understanding of strengths, weaknesses, threats, and opportunities, along with trends and restraints in the landscape. Presented in a clear sanctioned manner, the report on the global feed acid market gives readers an individual understanding of the market.
The study discusses the underlying trends and impact of various factors that drive the global feed acid market, along with their influence on the evolution of the market.
The study also offers insights into Porter’s Five Force Analysis, value chain analysis, key trend analysis, SWOT analysis, and COVID-19 impact analysis. It also offers technology overview of the global Feed Acid market in order to highlight the crucial growth tactics and opportunities for market players.
Key Questions Answered in This Report on Feed Acid Market
- How much revenue will the feed acid market generate by the end of the forecast period?
- What regions currently contribute the maximum share to the overall feed acid market?
- What are the indicators expected to DRIVE THE GLOBAL FEED ACID market?
- Which region is likely to be a lucrative market during the forecast period?
- What are the essential strategies incorporated by key stakeholders in the global feed acid market to expand their geographical presence?
- What are the major advancements witnessed in the global feed acid market?
The report answers these questions and more about the global Feed Acid market, aiding major stakeholders and key players in making the right decisions and strategizing for the advancement of their business.
Feed Acid Market - Research Methodology
TMR report’s on the global feed acid market is based on a complete and comprehensive evaluation of the market backed by secondary and primary sources. The competitive scenario of the global feed acid market is supported by an assessment of different factors that influence the market on a minute and granular level. By thoroughly analyzing the historical data and current trends, researchers of the global feed acid market arrive at predictions and estimations, and calculate the forecast for the market.
The report uses an analytical triangulation method to estimate the numbers and figures of the global feed acid market with both bottom-up and top-down approaches.
The detailed assessment of the global feed acid market, along with an overview of the landscape is provided based on a careful examination of the avenues related to this market. Analysts’ conclusions on how the global feed acid market is set to grow are based on carefully vetted primary and secondary sources.
Feed Acid Market – Segmentation
The report on the global Feed Acid market offers a comprehensive overview. It segments the market in terms of product types and region: