Market Size in 2021 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1.9 Billion | USD 3.3 Billion | 6.5% | 2021 |
FrequentlyAsked Questions
An increase in the implementation of innovative animal husbandry practices to enhance meat quality is propelling the market growth of feed acids. Moreover, the increasing population coupled with the growing concern over food security is further driving demand for meat products.
According to the report, the global feed acid market size was worth around USD 1.9 billion in 2021 and is predicted to grow to around USD 3.3 billion by 2030 with a compound annual growth rate (CAGR) of roughly 6.5% between 2022 and 2030.
The global feed acid market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market owing to the growing interest in meat and the presence of major players in the region.
The global feed acid market is dominated by players like Trouw Nutritional International B.V., Novus International, Kemin Industries Inc., Provimi SA, ADA Alliance Nutrition Inc., Jefo Nutrition Inc., Evialis, BASF SE, Biomin GmbH, ADDCON GmbH, among others.
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