Feed Preservatives Market Estimate To Boost Growth In Demand By 2020

The feed acidifiers segment is projected to be the fastest-growing segment in the feed preservatives market from 2016 to 2022, due to its multi-functional role as an antimicrobial, gut health promoter, and acidity regulator.

(EMAILWIRE.COM, March 04, 2020 ) The feed preservatives market is projected to reach USD 3.57 billion by 2022. With the growing awareness about customized formulations and feed management practices to reduce production costs and improve livestock health, the meat processors and livestock farmers have been investing in nutrient-rich and high quality feed products. However, with the decline in the global prices of farm end products, the cost-cutting measures on the production front is expected to be a limiting factor to the growth of the market.

The ban on antibiotics in certain regions has significantly improved the demand for feed acidifiers

The feed acidifiers segment is projected to be the fastest-growing segment in the feed preservatives market from 2016 to 2022, as these products are a suitable alternative to antibiotics and are effective against harmful bacteria. With stringent export regulations for meat products containing antibiotic residues, meat processors have been cautious on the usage of additive components when fed to animals. Acidifiers such lactic acid and acetic acid produced through bioreactors have been gaining acceptability in terms of regulatory requirements; however, there are apprehensions with respect to its effectiveness as compared to propionic acid.

Industrialization of poultry sector across developing markets has been a strong factor for the market growth

The poultry segment accounted for the larger market share in feed preservatives in 2015, due to the increasing growth of poultry industry as an organized sector in Asia-Pacific and Latin American regions. With the increasing usage of feed additives and supplements to improve livestock productivity, the demand for acidifiers is also projected to gain strong growth, especially among mono-gastric species such as poultry and swine.

The Asia-Pacific region is projected to be the fastest-growing in the feed preservatives market

The Asia-Pacific region is projected to grow at the highest CAGR from 2016 to 2022. The shift towards organized farming in poultry and aquaculture sectors in emerging markets such as India, China, Vietnam, Indonesia, Malaysia, and Thailand has been a boost for the growth of the feed industry. Therefore, the need for feed preservatives has also increased with the growing demand for compound feed and feed premix in these regions.

Key market players profiled in the report are Alltech, Inc. (U.S.), Biomin Holding GMBH (Austria), Kemin Industries, Inc. (U.S.), Nutreco N.V. (Netherlands), Perstorp Holding AB (Sweden), Cargill, Incorporated (U.S.), Novus International, Inc. (U.S.), BASF SE (Germany), Impextraco NV (Belgium), and E.I. du Pont de Nemours and Company (U.S.).

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