October 13, 2010

 

Global feed acidifiers market to reach US$1.4 billion by 2015

 

 

According to latest figures released by Global Industry Analysts, the global market for feed acidifiers is forecast to reach US$1.4 billion by 2015.

 

Key factors driving market growth include ban on antibiotic growth promoters (AGP), growing demand for organic compounds, and evolving interest in acidification of calves' diet as a full-fledged commercial application.

 

The global push for higher protein diets will inevitably lead to a spurt in per capita consumption of meat thereby indirectly resulting in increased demand for natural and organic feed additives and ingredients.

 

Feed acidifiers as a natural antibiotic free nutritious animal diet is expected to register healthy growth over the coming years. On the other hand, ban on animal feed antibiotics has thrown the spotlight on "acidifiers" as one of the next most feasible and functional alternative.

 

Following the ban, use of organic and inorganic acids as feed acidifiers provides a highly beneficial and functional alternative that has been quick to fill in the void.

 

Powered by its characteristics such as high nutritional value and its demonstrated effectiveness as an antimicrobial agent, incorporation of acidifiers into piglet feed is already a standard norm in the swine industry.

 

Europe represents the largest as well as fastest growing region for feed acidifiers worldwide, as stated by the new market research report on Feed Acidifiers. The European feed acidifiers market is portended to continue its dominance over the coming years.

 

Western Europe constitutes the leading market in terms of consumption of formic acid. Large-scale use is primarily attributed to the existence of silage and animal feed preservation markets in the region.

 

The US represents the other prominent market for feed acidifiers, growing at a compounded annual rate of more than 4.0% over the analysis period.

 

Propionic Acid constitutes the largest product segment. Growth-wise, Fumaric Acid is projected to be the fastest growing product segment in the global feed acidifiers market, with a CAGR of more than 5.0% over the analysis period.

 

Other leading feed acidifiers include formic acid and lactic acid. Use of feed acidifiers is mostly seen in the swine industry compared to other animal species.

 

The future is expected to witness high sales of acidifiers that are protected through coatings or encapsulation. Growth is expected to take place at a rapid pace compared to normal feed acidifiers.