Feed Acid Market Is Expected To Reach USD 1,779.3 Million by 2019: Transparency Market Research
Transparency Market Research has launched a new market report titled “Feed Acid Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019“. According to the report, the demand for feed acid is expected to grow at a CAGR of 6.3% in terms of revenue from 2013 to 2019 and the market was valued at USD 1,162.3 million in 2012, is expected to reach USD 1,779.3 million by 2019.
The global market for feed acid witnessed growth in recent years due to growing demand for meat and meat products across the globe. In addition, disease outbreaks increased the need for feed acids which is another factor in driving market growth. Availability of different alternatives in the market for feed acid is the major growth barrier to the market. However, increasing ban on antibiotics in different countries provides a huge opportunity for the market players.
In 2012, Europe and North America dominated feed acid market that accounted for more than 60% of the marketshare. Europewas the biggest market for feed acids followed by North America. This dominance was driven by the ban on antibiotics used as a growth promoter in animal feed and the increasing demand for improving feed utilization. But in future, both these economies are expected to lose their market share. Looking ahead, Asia Pacific and RoW regions are expected to increase their market share and Asia Pacific is also expected to be the fastest growing market. The Asia Pacific market is expected to grow at a CAGR of 6.6% from 2013 to 2019. This is due to an increase in the population and rising middle class income which accounts for a higher demand for meat.
The global market for feed acid consists of large numbers of small and medium scale manufacturers. But only some of the players accounted for the significant market share in 2012. Most of the companies depend upon a third party distribution to reach their customers, whereas some of themarket playersdirectly reach their target consumers through the industry participants by their own distribution network, or through integrated producers. Some of the key players of the market are BASF SE, ADM Alliance Nutrition, Inc, Provimi SA, Yara International ASA, and Trouw Nutrition International B.V. among many others.
Feed Acid Market : Regional Analysis
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Sports Nutrition Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019
Increasing health awareness and changing consumer groups are the major growth drivers for the global Sports Nutrition market. Traditionally, bodybuilders and athletes were the only consumers for sports nutrition products. In recent years, new user groups (recreational and lifestyle users) have increased their market share. The market is also witnessing a shift from major markets (North America) towards developing markets in Europe and Asia Pacific. Due to high population, countries such as India and China offer huge opportunities in the future. Furthermore, upcoming high profile sporting events allow sports nutrition companies to establish themselves in these markets.
The report covers in-depth analysis of Sports Nutrition market, by product segment (Sports Food, Sports Drinks and Sports Supplements) for the period from 2010 to 2019. In addition, the current market dynamics including the drivers, restraints, trends and recent developments have been captured throughout the report. The market for the major countries in each of the four regions, North America, Europe, Asia Pacific and Rest of the World includes historical and forecasted market sizes (2010-2019), in terms of value. North America region covers the scenario in the U.S. and Canada. Europe region covers the scenario of the U.K., Germany, Italy and France. Asia-Pacific region highlights the scenario in Australia, Japan, India and China.
The Competitive Landscape section of the report includes the positioning of different companies on the basis of their geographical presence and product offerings. Some of the major players in this market are Maxinutrition, Glanbia, PepsiCo, Coca-Cola and Clif Bar & Company. The company profiles include attributes such as company overview, financial performance, and strategic developments.