Feed Acid Growth Set To Surge Significantly During 2019 - 2027

 Market Overview

The animal feed industry has been severely affected by the emergence of Covid-19 and decline in demand for various products in poultry, pork, and dairy sectors. The sudden change in the consumer's 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 the livestock supplier, 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.

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Market Dynamics

Availability of registration facilities for feed additives is expected to propel 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 ban on feed additives with 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 US, as well as from the Netherlands in late 2020, in each case also citing GMO fears.

Detailed Segmentation:

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

Major players operating in the global feed acid market 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.

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