Feed Acidifiers Market was Valued at US$ 2,838.2 Mn in 2018Posted by venkatakiran on October 28th, 2019 Global Feed Acidifiers Market was Valued at US$ 2,838.2 Mn in 2018, Owing to Increasing Consumption of Meat and Dairy Products and Encapsulation Techniques are Used for Feed Acidifiers Analyst Speak:
“The Global Feed Acidifiers Market was valued at US$ 2,838.2 Mn in 2018 and is expected to grow at a significant CAGR over six years forecast period 2019-2025 owing to increasing consumption of meat and dairy products and encapsulation techniques are used for feed acidifiers” Precision Business Insights (PBI) in its report titled “Global Feed Acidifiers Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2018 and Forecast 2019-2025” assesses the market performance over six years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. The global feed acidifiers market was valued at US$ 2,838.2 Mn in 2018 and growing at a CAGR of 5.1% over the forecast period owing to surge in the adoption of animals in developed countries. Increasing demand for healthy meat and livestock products, rising awareness regarding the animal health and quality of feed are the major factors driving the growth of the feed acidifiers market over the forecast years. In addition, increasing government support to promote wellness of the feed industry coupled with ban of antibiotics in the EU region are the factors anticipated to fuel the growth of the market. However, efficacy maintenance of feed acidifiers have become a great challenge to the market players and increasing price for feed acidifiers are projected to restrain the growth of the market over the forecast years. Global feed acidifiers market segmented on the basis of acidifier type, product type, species, and region. Blended feed acidifiers segment accounted for higher revenue share Based on product type, global feed acidifiers market segmented into single acidifiers and blend acidifiers. Blend acidifiers segment accounted for the largest market share in 2018 with respect to revenue owing to the development of new products into the market and are expected to grow significantly over the future years. However, single acidifiers market is expected to grow with highest CAGR over the forecast years and the usage of single acidifiers is increasing year over year.
For More Information: https://www.precisionbusinessinsights.com/market-reports/global-feed-acidifiers-market About: Precision Business Insights is one of the leading market research and management consulting firm, run by a group of seasoned and highly dynamic market research professionals with a strong zeal to offer high-quality insights. Like it? Share it! More by this author |