Global Feed Acid Market to Exhibit 6.30% Cagr 2013-2019 Due to Growing Demand for Processed Meat

Transparency Market

Research

Feed Acid Market - Global Industry Analysis, Size, Share,Growth,

Trends and Forecast 2013 – 2019

Published Date

21-02-2014

74 Page Report

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Press Release

Global Feed Acid Market to Exhibit 6.30% CAGR 2013-2019 due to

Growing Demand for Processed Meat

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Feed Acid Market

REPORT DESCRIPTION

According to a recent market research report published by Transparency Market Research, the global feed

acid market is estimated to expand at a CAGR of 6.30% during the period between 2013 and 2019. The

report, titled “Feed Acid Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 2019,” projects the global feed acid market to be worth US$1,779.3 mn by 2019. The overall market stood

at a valuation of US$1,162.3 mn in 2012.

Feed acids refer to essential nutrients that are used to improve the shelf life of animal feeds and increase

their nutritional value. Owing to the growing demand for meat and dairy products across the globe, the

availability of healthy livestock is important in times when epidemics such as mad cow, avian flu, and foot

and mouth disease are prevalent. For advanced animal nutrition, essential amino acids such as lysine are

used in feed acids.

The report states that the rise in meat consumption worldwide is expected to fuel the demand for feed

acids. According to the World Health Organization, the annual meat production is expected to increase

from 218 mn tons in 1997-1999 to 376 mn tons by 2030. Various disease outbreaks among livestock have

further increased the need for feed acids. All these factors are anticipated to drive the growth of the global

feed acid market during the forecast horizon. However, the usage of various alternatives might hamper the

demand...