Global Swine Feed Acidulants Market, By Type (Propionic Acid, Formic Acid, Citric Acid, Lactic Acid, Sorbic Acid, Malic Acid, Acetic Acid, Others), Compound (Blended, Single Compound), Form (Dry, Liquid), Function (pH Control, Feed Efficiency, Flavor), Nature (Organic, Inorganic), Fruit Type (Lemon, Apple, Orange, Tamarinds), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, U.A.E, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) - Industry Trends and Forecast to 2029
Market Analysis and Insights of Swine Feed Acidulants Market
Data Bridge Market Research analyses that the swine feed acidulants market will project a compound annual growth rate (CAGR) of 5.80% during the forecast period of 2022-2029. Growing rate of swine population especially in the developing economies such as China and India, increasing focus on the latest trends in the market, growing application of advanced and modern agricultural and farming practices, high growth in emerging countries coupled with high adoption of innovative technologies, surging demand for treated animal feed, implementation of innovative animal husbandry practices and increasing industry competitiveness are the major factors attributable to the growth of swine feed acidulants market.
Feed acidulants are the compounds that are added to the animal feed to improve the taste, texture, enhance the flavour, improve shelf life and improve the solubility rate. Feed acidulants decrease the pH level by discharging hydrogen in water.
Growing awareness about the benefits of swine feed acidulants, increase in the prevalence of diseases and disorders and animals, ban on the use of antibiotic growth promoters in animal feed, and increasing livestock population around the world will emerge as the major factors fostering the growth of the market. Also, surging concerns regarding the safety of ingredients used to produce animal feed, rising shift towards natural growth promoters, growing rate of industrialization, rising awareness regarding animal health, increased demand for milk products and rising expenditure for research and development proficiencies in regards to new product launches are other important factors fostering the growth of the market. Increase in the initiatives by the government to promote feed industry and rising popularity of meat and meat related products will further create lucrative and remunerative growth opportunities for the market.
However, supply chain disruptions as a result of COVID-19 pandemic is a major factor that will pose a major challenge to the growth of the market. Also, fluctuating costs of the raw materials, dearth of awareness, inefficiency in maintaining the potency of acidulants, stringent regulations imposed by the government pertaining to the animal feed products and lack required infrastructure facilities in the underdeveloped economies will further slowdown the market growth rate. High prices of the feed acidulants and high costs of research and development operations would hamper the market growth rate.
This swine feed acidulants market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on swine feed acidulants market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Swine Feed Acidulants Market Scope and Market Size
The global swine feed acidulants market is segmented on the basis of type, compound, form, function, nature and fruit type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the swine feed acidulants market is segmented into propionic acid, formic acid, citric acid, lactic acid, sorbic acid, malic acid, acetic acid, and others.
- Based on compound, the swine feed acidulants market is segmented into blended, and single compound.
- Based on the form, the swine feed acidulants market is segmented into dry and liquid.
- The swine feed acidulants market is also segmented on the basis of function. The function is segmented into pH control, feed efficiency, and flavor.
- Based on nature, the swine feed acidulants market is segmented into organic, and inorganic.
- On the basis of fruit type, the swine feed acidulants market is segmented into lemon, apple, orange, and tamarinds.
Swine Feed Acidulants Market Country Level Analysis
The global swine feed acidulants market is segmented on the basis of type, compound, form, function, nature and fruit type.
The countries covered in the swine feed acidulants market report are U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, U.A.E, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa.
Asia-Pacific region dominates the swine feed acidulants market and will continue to flourish its dominance during the forecast period owing to the easy availability of microbial products, rising research and development proficiencies, rising consumption and production of dairy products especially in India and China, increase in government initiatives to promote the growth of agricultural industry, rising product innovations and growing personal disposable income.
The country section of the swine feed acidulants market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Swine Feed Acidulants Market Share Analysis
The global swine feed acidulants market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to swine feed acidulants market.
Some of the major players operating in the swine feed acidulants market are Tate & Lyle, BASF SE, Yara, Kemin Industries, Inc., Perstorp, ERBER Group, Peterlabs Holdings Berhad., Pancosma, Nutrex, ADDCON GmbH, Anpario plc., NOVUS INTERNATIONAL, Corbion NV, Impextraco NV, ADM, DSM, Brenntag GmbH and Cargill, Incorporated among others.
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