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Attractive Opportunities in the Feed Acidifiers Market

Feed Acidifiers Market report categorizes the global market by Form (Dry, Liquid), Livestock (Poultry, Swine, Ruminants, Aquaculture), Compound (Blended, Single), Type (Propionic Acid, Formic Acid, Lactic Acid, Sorbic Acid, Malic Acid, Citric Acid), and Region. The feed acidifiers market was valued at USD 2.62 billion in 2017; it is projected to reach USD 3.50 billion by 2023, at a CAGR of 5.1% during the forecast period. Increasing government aid promoting the growth of the feed industry and the high threat of diseases in livestock are factors driving this market.

How low investments toward the maintenance of feed acidifiers can pose challenges for manufacturers in the market?

The corrosive property of feed acidifiers results in significant damage while handling them, and also to the equipment where the product is processed or stored. Furthermore, manufacturers and distributors of feed acidifiers are looking at formulating efficient supply chain models for acidifiers, as these products may tend to lose their efficacy during transport. Although the regional network to reach customers is established through distributors, the feed acidifiers market has been shifting toward service-based requirements to gain market presence. The distribution of acidifiers without losing the natural nutrient quality requires effective packaging systems and a strong supply chain. In order to maintain this stability and effectiveness of acidifiers, manufacturers prefer delivering this product directly to the customer’s location.

This approach could also help increase customer satisfaction, and help improve the market presence of companies. Therefore, an efficient supply chain planning and management system is required to maintain the inventory and improve the storage of different acidifier ingredients. In such cases, manufacturers are required to maintain strong sales and analysis teams to identify and provide customer solutions, and to cater to such customer requirements. However, salts of organic acids remain colorless and mostly less corrosive in nature, than their acidic forms, and are easier to handle during the feed manufacturing process, making these the more preferred product. These factors make it difficult for manufacturers to maintain proper acidifier efficacy levels, thereby inhibiting market growth.

Key players in the feed acidifiers market include BASF SE (Germany), Yara International ASA (Norway), Kemin Industries Inc. (US), Kemira OYJ (Finland), and Biomin Holding GmbH (Austria). Impextraco NV (Belgium), Pancosma (Switzerland), Nutrex NV (Belgium), Perstorp Holding Ab (Sweden), Novus International (US), Jefo Nutrition Inc. (Canada), Anpario plc (UK), Corbion Purac (Netherlands), ADDCON Group (Germany), and Peterlabs Holding (Malaysia) are other players that hold a significant share of the feed acidifiers market.

BASF SE is a diversified chemical company that manages its business through six segments, namely, chemicals, performance products, functional materials & solutions, agricultural solutions, oil & gas, and others. The company offers its acidifier products through its nutritional & health division under the performance products segment. It has a large customer base in Europe and North America. The company continues to focus on maintaining its position in the global animal nutrition market through geographic expansion in high-growth markets. The company focuses on the manufacturing of performance products along with an R&D program to develop new solutions for the feed acidifiers market for different types of acids such as propionic acid, formic acid, and fumaric acid. It focuses on expanding its product portfolio through expansions and collaborations that will help fulfill the demand from the feed industry in the coming years. For instance, in 2018, BASF and arc-net entered into a collaboration to support the animal production value chain in meeting the demand for feed products. BASF’s calculation tool, AgBalance Livestock, considers the life cycle impact of all inputs and outputs of animal protein production, i.e., from feedstuffs and feed production, to animal farming and manure management, to slaughter.

Kemin Industries is a privately held global company that provides molecular solutions produced for humans and animals to provide nutritional benefits. The company is engaged in developing products sourced from natural raw materials owing to consumer preferences. This is due to the fact that there is an increasing demand for naturally sourced ingredients over synthetic ones, owing to the added nutritional benefits that they offer. The key strategy adopted by Kemin is expansion. It adopts new and advanced technologies to diversify its product portfolio. In 2016, the company focused on expanding its manufacturing facilities in Russia and Belgium to capitalize on the strong demand for feed ingredients. The company has been accredited with various certifications from authorities such as Food Safety System Certification 22000 and Global Food Safety Initiative. The company focuses on using the best technical expertise in the industry to serve its customers and manufacture its products. It is also focusing on R&D owing to which it is increasing its investments in R&D.

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Biomin Holding GmbH is a manufacturer of feed additives & premixes and provides services that help in enhancing livestock performance in a cost-effective manner. The company is one of the largest players in the feed nutrition sector, especially feed acidifiers. Biomin is focused on expanding its business and product portfolio by launching new products. Expansion is one of the top strategies for Biomin. The company opened a new plant in Panama, with its headquarters in Austria, which allows the company to meet the growing customer demand.

Objectives of the Report

  • Determining and projecting the size of the feed acidifiers market with respect to type, from, compound, livestock, and regional markets, over a five-year period ranging from 2018 to 2023
  • Identifying attractive opportunities in the market by determining the largest and fastest-growing segments across regions
  • Analyzing the further segments and subsegments of the global feed acidifiers market included in the report with respect to individual growth trends, future prospects, and their contribution to the global market
  • Identifying and profiling the key players in the feed acidifiers market
  • Determining the ranking of the key players operating in the feed acidifiers market
  • Providing a comparative analysis of the market leaders on the basis of the following:
    • Service offerings
    • Business strategies
    • Strengths and weaknesses
    • Key financials
  • Understanding the competitive landscape and identifying the major growth strategies adopted by players across the key regions
  • Analyzing the market dynamics and competitive situations & trends across regions and their impact on prominent market players

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