Global Insights on Animal Nutrition Organic Acids Market to 2028 By Drivers, Opportunities, Technologies and Key Players
2021 - 2028 Global Animal Nutrition Organic Acids Market
The Global Animal Nutrition Organic Acids Market is accounted for $125.23 million in 2021 and is expected to reach $221.69 million by 2028 growing at a CAGR of 8.5% during the forecast period. Animal nutrition organic acids are being gradually used for feed preservation in commercial compound feeds and applications related to diets in pigs and poultry. These acids have proven to be greatly effective in conserving the growth performance of animals. Among the existing antibiotic growth promoters, organic acids are proven to be the most reliable product group. The unprotected segment is going to have lucrative growth during the forecast period, due to its ability to enhance the growth performance and digestibility in animals as it offers direct and high-level transfer of acid, certainly impacting animal health while preventing cross-contamination. The Asia Pacific is projected to hold the highest market share owing to the growing consumption of meat and meat products in populated economies of India. Europe is projected to have the highest CAGR, owing to growing population, high purchasing power, and increasing awareness as well as changing perception towards healthy features of products.
Some of the key players profiled in the Animal Nutrition Organic Acids Market include Carboic, Thyssenkrupp AG, ADM, Croda International Plc, Cargill, Incorporated, Eastman Chemical Company, BASF SE, and Dow.
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