Feed Acid Market, By Product Type (Amino Acids, Antibiotics, Vitamins, Feed Enzymes, Antioxidant), By Animal Type (Ruminants, Poultry), By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opport

Feed Acid Market, By Product Type (Amino Acids, Antibiotics, Vitamins, Feed Enzymes, Antioxidant), By Animal Type (Ruminants, Poultry), By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

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.
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 2021, in each case also citing GMO fears.
Key features of the study:
This report provides in-depth analysis of the global feed acid market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global feed acid market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study 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.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global feed acid market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global feed acid market
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
Global Feed Acid Market, By Region:
North America
By Product Type:
Amino Acids
Antibiotics
Vitamins
Feed Enzymes
Antioxidant
By Animal Type
Ruminants
Poultry
Latin America
By Product Type:
Amino Acids
Antibiotics
Vitamins
Feed Enzymes
Antioxidant
By Animal Type
Ruminants
Poultry
Europe
By Product Type:
Amino Acids
Antibiotics
Vitamins
Feed Enzymes
Antioxidant
By Animal Type
Ruminants
Poultry
Asia Pacific
By Product Type:
Amino Acids
Antibiotics
Vitamins
Feed Enzymes
Antioxidant
By Animal Type
Ruminants
Poultry
Middle East & Africa
By Product Type:
Amino Acids
Antibiotics
Vitamins
Feed Enzymes
Antioxidant
By Animal Type
Ruminants
Poultry
Company Profiles
ADDCON GmbH *
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
BASF SE
Biomin GmbH
Perstorp AB
Kemin Industries Inc.
Impextraco, Jefo Nutrition Inc
Novus International
Corbion Purac
Trouw Nutrition International B.V.

“*” marked represents similar segmentation in other categories in the respective section.