However, regulatory framework, Price volatility of Agro-commodities, new entrants into the market are the challenges faced by the market. The increasing use of feed acidifiers to treat animal diseases creates opportunities for the market. Whereas, factors such as substitute products like micro flora enhancers and herbal product are restraining the market growth.
Feed Acidifiers Market is segmented by type, by product, by stock and by geography. Based on type, market is further segmented into Formic acid, Fumaric acid, Lactic acid and Propionic acid. Based on product, market is categorized as Carotenoids, Enzymes, Herbal products, Microflora enhancers and Probiotics. Based on stock, market is classified as Aquatic animals, Cattle, Poultry and Swine. By geography, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World. Significant mergers and acquisitions, collaborations, and joint ventures are the industry trends that are playing a major role for the market growth.
The key players in the Feed Acidifiers Market include BASF SE, Biomin GmbH, Impextraco, Jefo Nutrition Inc., Kemin Industries, Inc., Novus International, Perstorp Holding Ab, Taminco NV, Selko Feed Additives and Yara International ASA.
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