According
to a recent market research report published by Transparency Market
Research, the global
feed acid market is estimated to expand at a CAGR of 6.30% during
the period between 2013 and 2019. The report, titled “Feed Acid
Market - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast, 2013 - 2019,” projects the global feed acid market to be
worth US$1,779.3 mn by 2019. The overall market stood at a valuation
of US$1,162.3 mn in 2012.
Feed
acids refer to essential nutrients that are used to improve the shelf
life of animal feeds and increase their nutritional value. Owing to
the growing demand for meat and dairy products across the globe, the
availability of healthy livestock is important in times when
epidemics such as mad cow, avian flu, and foot and mouth disease are
prevalent. For advanced animal nutrition, essential amino acids such
as lysine are used in feed acids.
The
report states that the rise in meat consumption worldwide is expected
to fuel the demand for feed acids. According to the World Health
Organization, the annual meat production is expected to increase from
218 mn tons in 1997-1999 to 376 mn tons by 2030. Various disease
outbreaks among livestock have further increased the need for feed
acids. All these factors are anticipated to drive the growth of the
global feed acid market during the forecast horizon. However, the
usage of various alternatives might hamper the demand for feed acids.
The overall market has a huge opportunity to grow with the ban on the
usage of antibiotics on livestock. Nowadays, different organic acids
are blended in feed acids for better results.
The
report studies the global feed acid market across four key regions:
Asia Pacific, Europe, North America, and Rest of the World. In 2012,
Europe and North America dominated the overall market and together
held over 60% of the market. The rapid growth of the feed acid market
in these regions can be attributed to the ban on antibiotics and the
increased demand for processed meat. During the forecast horizon,
Asia Pacific is anticipated to register the fastest growth in the
market, expanding at a CAGR of 6.60%. The increased consumption of
meat and dairy products across the middle-class households in the
region, especially across countries such as Japan, China, and India
will drive the growth of the market in the region.
Request
a Brochure of this Report
:http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1123
Describing
the competitive landscape, the report profiles some of the key
players in the global feed acid market such as ADDCON GmbH, BASF SE,
Biomin GmbH, Perstorp AB, Kemin Industries Inc., Jefo Nutrition Inc.,
Impextraco, Novus International, Corbion Purac, Trouw Nutritional
International B.V., Yara International ASA, Kemira Oyj, Provimi SA,
Evialis, and ADA Alliance Nutrition Inc. The report further provides
insightful information about the market players including their
business strategies, product portfolio, and recent developments.
Through SWOT analysis, the report analyzes the various growth
opportunities for the market players during the forecast horizon.
Global
feed acid market has been segmented as:
Global
Feed Acid Market by Region:
- North America
- Europe
- Asia Pacific
- Rest of the World
About
Us
Transparency
Market Research (TMR) is a global market intelligence company,
providing global business information reports and services. Our
exclusive blend of quantitative forecasting and trends analysis
provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of Analysts, Researchers, and Consultants,
use proprietary data sources and various tools and techniques to
gather and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
Contact
Mr.
Sudip S
90
State Street, Suite 700
Albany,
NY 12207
Tel:
+1-518-618-1030
USA
- Canada Toll Free: 866-552-3453
No comments:
Post a Comment