A new report on the global feed acidifiers market estimates it was worth nearly $2.0263 billion in 2013 and is projected to reach $2.6167 billion by 2018, at a compound annual growth rate of 5.2 percent.
The report from Markets and Markets, titled “Feed Acidifiers Market by Type (Propionic Acid, Fumaric Acid, Lactic Acid, Formic Acid & Others), by Livestock (Swine, Cattle, Poultry, Aquatic Animals & Others), by Geography – Global Trends & Forecasts to 2018,” defines and segments the global feed acidifiers market with analysis and projection of the global volume and revenue for feed acidifiers. It also identifies the driving and restraining factors for the global market with analysis of trends, opportunities, burning issues, winning imperatives, and challenges.
The report includes more than 77 market data tables with 21 figures spread through 168 pages and table of contents. The market is segmented and revenue is projected on the basis of regions such as North America, Europe, Asia-Pacific and “Rest of the World.” Key countries in each region are covered. Further, the market is segmented and the revenue is projected on the basis of types, livestock and geography.
According to the report, demand-driving factors of the feed acidifiers market are the ban on the use of antibiotics as animal growth promoters and the increasing use of acidifiers in treating animal diseases. The main restraints of the industry are the emergence of substitute products such as metabolic peptites, microflora enhancers and herbal products.