Feed Acid Trends and Forecast
The future of the global feed acid market looks promising with opportunities in the ruminant and poultry markets. The global feed acid market is expected to reach an estimated $3.7 billion by 2030 with a CAGR of 5.6% from 2024 to 2030. The major drivers for this market are growing adoption of animal husbandry practices so as to enhance meat quality and increasing prevalence of zoonotic diseases.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Feed Acid by Segment
The study includes a forecast for the global feed acid by product type, animal type, and region.
Feed Acid Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
• Amino Acid
• Antibiotic
• Vitamin
• Feed Enzyme
• Antioxidant
Feed Acid Market by Animal Type [Shipment Analysis by Value from 2018 to 2030]:
• Ruminant
• Poultry
Feed Acid Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Feed Acid Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies feed acid companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the feed acid companies profiled in this report include-
• ADDCON
• BASF
• Biomin
• Perstorp
• Kemin Industries
• Impextraco
• Jefo Nutrition
• Novus International
• Corbion Purac
• Trouw Nutrition
Feed Acid Market Insights
Lucintel forecasts that amino acid is expected to witness the highest growth over the forecast period due to growing acceptance of animal welfare.
Within this market, ruminant is expected to witness the higher growth.
APAC is expected to witness highest growth over the forecast period due to increasing poultry farming and growing inclination of customers towards the nature of diary and meat items.
Features of the Global Feed Acid Market
Market Size Estimates: Feed acid market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Feed acid market size by product type, animal type, and region in terms of value ($B).
Regional Analysis: Feed acid market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product types, animal types, and regions for the feed acid market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the feed acid market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the feed acid market size?
Answer: The global feed acid market is expected to reach an estimated $3.7 billion by 2030.
Q2. What is the growth forecast for feed acid market?
Answer: The global feed acid market is expected to grow with a CAGR of 5.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the feed acid market?
Answer: The major drivers for this market are growing adoption of animal husbandry practices so as to enhance meat quality and increasing prevalence of zoonotic diseases.
Q4. What are the major segments for feed acid market?
Answer: The future of the feed acid market looks promising with opportunities in the ruminant and poultry markets.
Q5. Who are the key feed acid market companies?
Answer: Some of the key feed acid companies are as follows:
• ADDCON
• BASF
• Biomin
• Perstorp
• Kemin Industries
• Impextraco
• Jefo Nutrition
• Novus International
• Corbion Purac
• Trouw Nutrition
Q6. Which feed acid market segment will be the largest in future?
Answer: Lucintel forecasts that amino acid is expected to witness the highest growth over the forecast period due to growing acceptance of animal welfare.
Q7. In feed acid market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to increasing poultry farming and growing inclination of customers towards the nature of diary and meat items.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the feed acid market by product type (amino acid, antibiotic, vitamin, feed enzyme, and antioxidant), animal type (ruminant and poultry), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Feed Acid Market, Feed Acid Market Size, Feed Acid Market Growth, Feed Acid Market Analysis, Feed Acid Market Report, Feed Acid Market Share, Feed Acid Market Trends, Feed Acid Market Forecast, Feed Acid Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.