PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1349928
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1349928
Feed Acid Market, By Product Type, By Animal Type, By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2023-2030
The global feed acid market is estimated to be valued at US$ 1,909.4 million in 2022 and is expected to exhibit a CAGR of 6.7% over the forecast period (2023-2030).
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2022 | Market Size in 2023: | US$ 1,909.4 Mn |
| Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
| Forecast Period 2023 to 2030 CAGR: | 6.70% | 2030 Value Projection: | US$ 3,206.9 Mn |
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.
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Animal Type
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- PORTER's Five Forces Analysis
- PEST Analysis
- Key Developments
- Market Attractiveness Analysis
4. Global Feed Acid Market - Impact of Coronavirus (COVID-19) Pandemic
- Overview
- Factors Affecting Global Feed Acid Market - COVID-19
- Impact Analysis
5. Global Feed Acid Market, By Product Type, 2018- 2030 (US$ Mn)
- Introduction
- Market Share Analysis, 2023, 2025, and 2030 (%)
- Y-o-Y Growth Analysis, 2023 - 2030
- Segment Trends
- Amino Acids
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023 - 2030, (US$ Mn)
- Antibiotics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023 - 2030, (US$ Mn)
- Vitamins
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023 - 2030, (US$ Mn)
- Feed Enzymes
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023 - 2030, (US$ Mn)
- Antioxidant
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023 - 2030, (US$ Mn)
6. Global Feed Acid Market, By Animal Type, 2018- 2030 (US$ Mn)
- Introduction
- Market Share Analysis, 2023, 2025, and 2030 (%)
- Y-o-Y Growth Analysis, 2023 - 2030
- Segment Trends
- Ruminants
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023 - 2030, (US$ Mn)
- Poultry
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023 - 2030, (US$ Mn)
7. Global Feed Acid Market, By Region, 2018- 2030 (US$ Mn)
- Introduction
- Market Share Analysis, By Region, 2023, 2025, and 2030 (%)
- Y-o-Y Growth Analysis, For Regions, 2023 - 2030
- North America
- Market Size and Forecast, By Product Type, 2018- 2030 (US$ Million & KT)
- Market Size and Forecast, By Animal Type, 2018- 2030 (US$ Million & KT)
- L'atin America
- Market Size and Forecast, By Product Type, 2018- 2030 (US$ Million & KT)
- Market Size and Forecast, By Animal Type, 2018- 2030 (US$ Million & KT)
- Europe
- Market Size and Forecast, By Product Type, 2018- 2030 (US$ Million & KT)
- Market Size and Forecast, By Animal Type, 2018- 2030 (US$ Million & KT)
- Asia Pacific
- Market Size and Forecast, By Product Type, 2018- 2030 (US$ Million & KT)
- Market Size and Forecast, By Animal Type, 2018- 2030 (US$ Million & KT)
- Middle East & Africa
- Market Size and Forecast, By Product Type, 2018- 2030 (US$ Million & KT)
- Market Size and Forecast, By Animal Type, 2018- 2030 (US$ Million & KT)
8. Competitive Landscape
- Market Share Analysis
- Company Profiles
- ADDCON GmbH
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- BASF SE
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- Biomin GmbH.
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- Perstorp AB
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- Kemin Industries Inc
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- Impextraco.
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- Jefo Nutrition Inc.
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- Novus International
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- Corbion Purac
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- Trouw Nutrition International B.V.
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
9. Section
- References
- Research Methodology
- About us and Sales Contact
- Browse 25 market data tables* and 20 figures* on "Feed Acid Market" - Global forecast to 2030.
