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Published Date
21-02-2014
74 Page Report
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Press Release
Global Feed Acid Market to Exhibit 6.30% CAGR 2013-2019 due to
Growing Demand for Processed Meat
REPORT DESCRIPTION
According to a recent market research report published by Transparency Market Research, the global feed
acid market is estimated to expand at a CAGR of 6.30% during the period between 2013 and 2019. The
report, titled Feed Acid Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 2019, projects the global feed acid market to be worth US$1,779.3 mn by 2019. The overall market stood
at a valuation of US$1,162.3 mn in 2012.
Feed acids refer to essential nutrients that are used to improve the shelf life of animal feeds and increase
their nutritional value. Owing to the growing demand for meat and dairy products across the globe, the
availability of healthy livestock is important in times when epidemics such as mad cow, avian flu, and foot
and mouth disease are prevalent. For advanced animal nutrition, essential amino acids such as lysine are
used in feed acids.
The report states that the rise in meat consumption worldwide is expected to fuel the demand for feed
acids. According to the World Health Organization, the annual meat production is expected to increase
from 218 mn tons in 1997-1999 to 376 mn tons by 2030. Various disease outbreaks among livestock have
further increased the need for feed acids. All these factors are anticipated to drive the growth of the global
feed acid market during the forecast horizon. However, the usage of various alternatives might hamper the
demand for feed acids. The overall market has a huge opportunity to grow with the ban on the usage of
antibiotics on livestock. Nowadays, different organic acids are blended in feed acids for better results.
The report studies the global feed acid market across four key regions: Asia Pacific, Europe, North America,
and Rest of the World. In 2012, Europe and North America dominated the overall market and together held
over 60% of the market. The rapid growth of the feed acid market in these regions can be attributed to the
ban on antibiotics and the increased demand for processed meat. During the forecast horizon, Asia Pacific
is anticipated to register the fastest growth in the market, expanding at a CAGR of 6.60%. The increased
consumption of meat and dairy products across the middle-class households in the region, especially
across countries such as Japan, China, and India will drive the growth of the market in the region.
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Describing the competitive landscape, the report profiles some of the key players in the global feed acid
market such as ADDCON GmbH, BASF SE, Biomin GmbH, Perstorp AB, Kemin Industries Inc., Jefo Nutrition
Inc., Impextraco, Novus International, Corbion Purac, Trouw Nutritional International B.V., Yara International
ASA, Kemira Oyj, Provimi SA, Evialis, and ADA Alliance Nutrition Inc. The report further provides insightful
information about the market players including their business strategies, product portfolio, and recent
developments. Through SWOT analysis, the report analyzes the various growth opportunities for the
market players during the forecast horizon.
Global feed acid market has been segmented as:
North America
Europe
Asia Pacific
TABLE OF CONTENT
Chapter 1 Preface
1.1 Report Description
1.2 Research Scope
1.2.1 Assumptions
1.3 Research Methodology
Chapter 2 Executive Summary
2.1 Global feed acid market, 2011 2019 (USD Million)
Chapter 3 Feed Acid Market Industry Analysis
3.1 Introduction
3.2 Drivers
3.2.1 Rise in global meat consumption
3.2.2 Disease outbreaks increasing the need for feed acids
3.3 Restraints
3.3.1 Limited use of feed acid in animal feed
4.1.3.1.2 Japan feed acid market, by revenue, 2012 2019 (USD Million)
4.1.3.1.3 India feed acid market, by revenue, 2012 2019 (USD Million)
4.1.3.1.4 Rest of Asia Pacific feed acid market, by revenue, 2012 2019 (USD Million)
4.1.4 RoW feed acid market, by revenue, 2012 2019 (USD Million)
Chapter 5 Company Profiles
5.1 ADDCON GmbH
5.1.1 Company overview
5.1.2 Product Portfolio
5.1.3 Business strategies
5.1.4 SWOT analysis
5.1.5 Recent developments
5.2 BASF SE
5.2.1 Company overview
5.2.2 Financial overview
5.2.3 Product Portfolio
5.2.4 Business strategies
5.2.5 SWOT analysis
5.2.6 Recent developments
5.3 Biomin GmbH
5.3.1 Company overview
5.3.2 Product Portfolio
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