The Asia pacific feed acidifiers market is projected to grow at a CAGR of 6% during the forecast period (2020-2025). Acidifiers in the feed help to control microbial growth, reduction of feed buffer capacity, inhibit pathogenic bacteria and improve nutrient digestibility. The end consumers of feed acidifiers are compound feed manufacturers, integrators, farmers, home-mixers, livestock, and aquaculture industry. Rising meat consumption and production leading to higher feed production in the region is driving the market for acidifiers. The prevalence of artificial substitutes and an unclear regulatory environment put pressure on market growth. The Asia-Pacific feed acidifiers market is a concentrated market with few major players including BASF SE, Novus International, Kemin, Biomin, and Impextraco.
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Key Market Trends
Increasing Demand for Protein Rich Food
Increasing disposable income of the population and rising consumer health awareness towards protein-enriched products such as milk, eggs, and meat are the key factors influencing the growth of the Asia-Pacific feed acidifiers market. According to the Department of Animal Husbandry and Dairying, in 2019, egg production in India was approximately 103.32 billion and about 187.75 million tons of milk production. The per capita availability of milk and egg is 394 grams and 79 eggs per annum respectively in India. According to the Organization for Economic Co-operation and Development (OECD), in 2019 per capita pork meat consumption was 29.3 Kg as compared to 30.4 Kg in 2018, whereas poultry meat consumption in 2019 was 12.1 Kg in 2019 as compared to 11.6 Kg in 2018 in China. Thus, growing meat consumption has led to higher meat and feed production indicating in the growth of acidifiers market which is added in the feed as additives.
Rising Feed Production
Acidifiers have been a suitable alternative for improving nutrient digestibility. Organic acids are supposed to lower the pH of the chyme and thereby enhance the protein digestibility. Supplementation of the mixture of Acidifiers in the broiler birds’ diet may lead to an increase in overall digestibility. The poultry industry is increasing every year to meet the growing demand for products including egg and meat that leads to an increase in the consumption of feed. According to the Food and Agriculture Organization (FAO), in 2016, the poultry bird population was 14350.87 million that has increased to 14971.22 million in 2018. According to the Alltech feed survey, in 2019, the feed production in India was 39 million metric tons of which feed for poultry amounted to approximately 24.9 million metric tons followed by dairy feed amounting to 11.58 million metric tons. Thus the increased feed production in the region will drive the market for the feed acidifiers market.
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