Global
Feed Acid Market – Snapshot
The
rising incidence of chronic ailments and increasing epidemic
outbreaks worldwide have compelled governments to focus on animal
health more than ever. Because feed acids intrinsically improve the
animal food quality, their use in countering epidemic outbreaks has
surged significantly in the last few years. Feed acid offers immense
health benefits in animal body. For instance, it provides capability
to kill pathogenic microorganisms, which are responsible for causing
diseases, thereby deterring growth in the livestock. Furthermore, it
helps in improving response to antibiotic treatments and reducing
diarrhea, thus maintaining a microbial balance in digestive system.
Considering
the purposes they serve, the demand for food acids both as
ingredients and finished products has surged globally. On account of
their importance in maintaining and improving animal health, they
have become an integral part in daily consumption needs of animals,
primarily as feed to guard animals against feed deterioration. In
addition, consumers preferring the extrinsic qualities of meat has
increased in number, which is aiding the overall growth of the global
feed acid market.
Transparency
Market Research forecasts the global feed acid market to exhibit a
CAGR of 6.30% between 2013 and 2019. At this pace, the market’s
valuation is expected to reach US$1,779.3 mn by the end of 2019, from
US$1,162.3 mn in 2012.
Asia
Pacific to Exhibit Fastest CAGR during Forecast Period
North
America, Asia Pacific, Europe, and Rest of the World constitute the
key regional segments in the global feed acid market. Among these
regions, North America and Europe held lead with a cumulative share
of 60% in the overall market in 2012. Use of antibiotics is largely
banned in both these regions, on account of which the demand for feed
acids has escalated. However, during the course of the forecast
period, opportunities around Asia Pacific is likely to get more
lucrative. The Asia Pacific feed acid market is likely to exhibit the
fastest CAGR of 6.6% between 2013 and 2019. The rising demand for
meat and dairy product in the region is expected to help the market
gain increased traction in the region. Besides this, growth witnessed
in nations such as India, China, and Japan is expected to be
considerably high.
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Demand
for Amino Acids Forecast to Rise in Coming Years
By
type, the global feed acid market can be segmented into amino acids,
antibiotics, vitamins, feed enzymes, antioxidants, and others. Of
these, the demand for amino acids is increasing at a fast pace owing
to its increasing use in animal feed additives. However, during the
course of the forecast period, the growth witnessed in the enzyme
segment is expected to scale higher. Thus with the increasing
prevalence of nutritional deficiencies in animals, the demand from
the aforementioned segments is expected to rise.
ADDCON
GmbH, BASF SE, Kemin Industries Inc., Biomin GmbH, Novus
International, Perstorp AB, Corbion Purac, Jefo Nutrition Inc.,
Kemira Oyj, Trouw Nutritional International B.V., Yara International
ASA, Impextraco, Provimi SA, Evialis, and ADA Alliance Nutrition Inc
are among the leading companies operating in the global feed acid
market. Besides these, the market also exhibits the presence of
several small players. A majority of smaller enterprises usually rely
on third-party distributors to reach the final market.
