Latin America Feed Acidifiers Market Outlook 2031
The Latin America feed acidifiers market size was valued at USD 2.78 billion in 2022 and is anticipated to reach USD 4.50 billion by 2031 expand at a CAGR of over 5.5% during the forecast period, 2023 – 2031. The growth of the market is attributed to the rising awareness of animal feed acidifiers and their benefits among livestock farmers.
In 2017, the World Health Organization (WHO) recommended farmers and breeders to stop using antibiotics routinely in animal feeds to promote growth and prevent diseases. The WHO aims to curb the unnecessary use or misuse of antibiotics in animals to preserve its effectiveness for human medicines. In addition, overuse of antibiotics in animals can cause antibiotic resistance.
There are few alternatives to antibiotics such as probiotics, prebiotics, enzymes, phytochemicals, and acidifiers. Among these alternatives, acidifiers play an important role in animal health.
Acidifiers can be defined as organic or inorganic chemicals that acidify the environment. These chemicals increase the amount of gastric acid produced in stomach when ingested by a host. When included in feeds, these acidifiers can decrease the Potential Hydrogen (pH) in the stomach and Lower Gastrointestinal (GI) tract.
They manipulate the intestinal microbial population, fight pathogenic invasion, improve digestion, and improve the immune response of the host. Acidifiers, when ingested, make the intestinal lining thin, which facilitates high absorption and utilization of nutrients and minerals. Several health benefits contribute towards the growth of the Latin America feed acidifiers market.
Latin America Feed Acidifiers Market Trends, Drivers, Restraints, and Opportunities
- Increasing production and consumption of meat in Latin America is the prime driver of the market.
- Increasing inclination of consumers towards organic, protein-rich, and high-quality livestock and poultry products is fueling the market.
- Many government bodies are launching support policies to aid farmers and breeders with high-quality acidifiers to ensure animal health and prevention from disease outbreaks.
- Growing industrialization in the meat industry to cater to the growing need for livestock products boosts the market.
- Lack of proper standardization of animal feed acidifiers hinders the market growth.
- Lack of systematic testing and evaluation of acidifiers slows down the market growth.
- Increasing stationary work life, hectic schedules, and lack of time to cook raise the demand for ready-to-eat and processed meat products. This trend is anticipated to drive the market.
Scope of the Latin America Feed Acidifiers Market Report
The report on the Latin America feed acidifiers market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Feed Acidifiers Market - Latin America Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Types (Lactic Acid, Fumaric Acid, Propionic Acid, and Others), Livestock (Poultry, Cattle, Swine, Aquaculture, Ruminants, and Others), and Countries (Brazil, Argentina, and Rest of Latin America)
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Regional Scope
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Brazil, Argentina, and Rest of Latin America
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Pancosma; Lignotech Feed; Kemin Industries, Inc.; Perstorp Holdings AB; and Impextraco NV.
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Latin America Feed Acidifiers Market Segment Insights
Extensive use of propionic acid fuels the market
On the basis of types, the market is segregated into lactic acid, fumaric acid, propionic acid, and others. Propionic acid is a highly used acidifier in the market. It is an organically-sourced acidifier, which is safe for consumers, animals, and environment. Propionic acid is incorporated as a nutritional source in animal feeds, especially in poultry feed.
It prevents fertility disorders, helps with digestive problems, and boosts immune system in livestock. It is used as a preservative in animal feed for its antibacterial properties. Such factors help the propionic acid segment to hold its dominance over the Latin America animal feed acidifiers market.
Increasing poultry and cattle production drives the market
Based on livestock, the market is divided into poultry, cattle, swine, aquaculture, ruminants, and others. The poultry segment is anticipated to dominate the market during the forecast period. Increasing demand for broilers and layers that are domesticated to produce eggs and meat is driving the market.
The poultry, cattle, and swine segments contribute largely to the market growth, as meat and pork are the main meats consumed in Latin America along with chicken. Therefore, production of these animals outnumbers the production of other animals and fuels the market.
Brazil dominates the market
On the basis of countries, the market is segmented into Brazil, Argentina, and the rest of Latin America. Among these segments, Brazil is the key producer, consumer, and exporter of animals and accounts for major share of the market. For example, in 2018, the country produced 41.4 million swine, 213 million cattle, and 1468 million poultry.
Increasing consumption of meat, rising demand for export of meat, and growing government support for high production of meat in Brazil are projected to fuel the animal feed acidifiers market in the region.
Segments
Types
- Lactic Acid
- Fumaric Acid
- Propionic Acid
- Others
Livestock
- Poultry
- Cattle
- Swine
- Aquaculture
- Ruminants
- Others
Countries
- Brazil
- Argentina
- Rest of Latin America
Key Players
Competitive Landscape
The Latin America feed acidifiers market is highly consolidated with key players such as Pancosma; Lignotech Feed; Kemin Industries, Inc.; Perstorp Holdings AB; and Impextraco NV. They are adopting strategies such as mergers, collaborations, acquisitions, partnerships, and product launches to strenthen their hold on the market.
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