Feed Acid Market

The animal feed industry has been severely affected by the emergence of Covid-19 and the decline in demand for various products in the poultry, pork, and dairy sectors. The sudden change in consumer behavior in the face of the pandemic has forced manufacturers to re-evaluate their strategies and policies. The animal feed industry is also a complex sector due to the fact that its processing and distribution involve multiple entities such as livestock suppliers, meatpackers, and processors. The animal feed industry is one of the few sectors that has been able to maintain strong growth despite the downward trend in agricultural exports as a result of the pandemic.

Market Dynamics:

Availability of registration facilities for feed additives is expected to propel the growth of the global feed acid market over the forecast period. For instance, in September 2021, The Ministry of Economy of Ukraine approved a registration dossier, which offers the procedure for state registration of feed additives in Ukraine.

The global feed acid market is witnessing a ban on feed additives with genetically modified organism (GMO) residues. For instance, in May 2021, Rosselhoznadzor, the Russian veterinary watchdog, barred feed additives import from Germany, the U.K., and Canada after a routine inspection revealed GMO residues in supplied products. Earlier this year, Rosselhoznadzor banned the feed additives import from Spain and the U.S., as well as from the Netherlands in late 2020, in each case also citing GMO fears.

Key features of the study:

• This report provides in-depth analysis of the global feed acid market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global feed acid market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include ADDCON GmbH, BASF SE, Biomin GmbH, Perstorp AB, Kemin Industries Inc., Impextraco, Jefo Nutrition Inc., Novus International, Corbion Purac, and Trouw Nutrition International B.V.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global feed acid market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global feed acid market

Detailed Segmentation:

• Global Feed Acid Market, By Product Type:
  • Amino Acids
  • Antibiotics
  • Vitamins
  • Feed Enzymes
  • Antioxidant
• Global Feed Acid Market, By Animal Type
  • Ruminants
  • Poultry
• Global Feed Acid Market, By Region:
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa
• Company Profiles
  • ADDCON GmbH 
  • BASF SE
  • Biomin GmbH
  • Perstorp AB
  • Kemin Industries Inc.
  • Impextraco, Jefo Nutrition Inc
  • Novus International
  • Corbion Purac
  • Trouw Nutrition International B.V.