Feed Acidulants Market Size & CAGR (2023-2031)
The Feed Acidulants Market is expected to register a CAGR of 5% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
Feed Acidulants Market covers analysis by Type (Propionic Acid, Formic Acid, Citric Acid, Lactic Acid, Sorbic Acid, Others); Compound (Blended, Single Compound); Form (Dry, Liquid); Function (PH Control, Feed Efficiency, Flavor); Animal Type (Poultry, Swine, Ruminants, Aquaculture, Pets, Equine), and Geography (North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America). Feed acidulants are defined as the chemical compounds which are mixed in feed to improve the quality of feed by decreasing bacterial content and preserving the nutritive value so as to improve animal growth and performance.
Purpose of the ReportThe report Feed Acidulants Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Feed Acidulants Market Segmentation
Type- Propionic Acid
- Formic Acid
- Citric Acid
- Lactic Acid
- Sorbic Acid
- Blended
- Single Compound
Strategic Insights
Feed Acidulants Market Growth Drivers- The Need for Animal Protein has Grown: The rising global consumption of animal-derived products propels the feed acidulent industry. Feeding acidulents facilitate animal growth, digestion, and the feed conversion ratio as livestock production grows to meet the demand for food through increased consumption of protein.
- Increasing Awareness of Animal Health and Nutrition: Such concerns are -- because more people have turned their attention to food security and quality, especially animal health and nutrition. And so he should feed acidulents such as the organic acids and salts, thus improving gut health and nutrient absorption, and preventing pathogens, thus pushing for adoption in animal feed formulation.
- Regulatory Push towards Safe and Sustainable Feed: Implementation of stringent regulations over food safety, animal welfare, and environmental sustainability motivates the application of feed acidulents. Such additives bring about better feed usage, helping to minimize contamination risks while improving the sustainability of farming practices associated with animals, thus providing opportunities for the growth of the feed acidulent market.
- A Shift to Natural and Organic Feed Acidulents: Soaring among these trends is the increasing call for the adoption of natural and organic feed acidulents to meet market demands for healthier and better sustainable animal products. The consumer call is now yielding fruits in natural acidulents such as organic acids, being incorporated into the livestock diet to benefit digestion improvement and healthy living for animals.
- Focus on Gut Health and Immunity: One of the highly pronounced trends of the feed acidulent market is the growing emphasis on gut health and immunity boosting in livestock. Such kinds of acidulents appear to have gained more popularity with animal producers, covering the supplementation of acidic stomachs, avoiding pathogens, and enhancing nutrient absorption-all attributed to sustainable and efficient productions in the area.
- Innovation in Multi-Functional Feed Acidulants: The market heightens the rise in the development of multi-functional feed acidulents comprising more than one benefit. Not only do these acidulents improve feed preservation and digestion, but they also improve animal performance, as they reduce feed wastage and support disease prevention while providing welfare benefits to meet the higher demand for more effective and efficient feeding methods.
- Emerging Markets' Growth in Livestock Production: With a heavy increase in livestock production in developing regions due to growing protein demands, it is expected that feeds acidulents will have a big role to play in meeting such increasing needs. Feed acidulents enhance the quality of feed, improve feed digestibility, and promote better overall well-being for livestock. Farmers can use these benefits to increase productivity and meet a growing, expanding market.
- Growing Demand for Sustainable and Environmentally Friendly Feed: The increasing emphasis on sustainability will also pave the way for feed acidulents that will improve feed efficiency and take an environmentally friendly approach. For example, there are lower methane feed additives that would meet such environmental demands in livestock production systems for sustainable meat production.
- Striking Increasing Interest in Animal Health and Welfare: Consumers have increasingly become more aware of issues around animal welfare and food safety, thus presenting a strong opportunity for the development of feed acidulents with value in terms of animal health. Such products that support gut health, fight infections, and improve digestion are increasingly demanded to ensure healthier livestock and safer food production.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Feed Acidulants Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Feed Acidulants Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The Feed Acidulants Market is estimated to witness a CAGR of 5% from 2023 to 2031
Growing global livestock production is a key driver in the market.
Addcon Group GmbH, Anpario PLC, BASF SE, BIOMIN Holding GmbH, Corbion NV, Kemin Industries, Inc., Novus International, Inc., Nutrex NV, Perstorp Holding AB, and Peterlabs Holdings Berhad are some of the key players operating in the market.
The poultry animal type segment accounted for the largest market share in 2023.
The North America market is expected to account for the highest CAGR during the forecast period owing to the growing livestock production in the region.
Growing focus on sustainable agricuture is an emerging trend in the market.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Feed Acidulants Market - By Type
1.3.2 Feed Acidulants Market - By Compound
1.3.3 Feed Acidulants Market - By Form
1.3.4 Feed Acidulants Market - By Function
1.3.5 Feed Acidulants Market - By Animal Type
1.3.6 Feed Acidulants Market - By Region
1.3.6.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. FEED ACIDULANTS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. FEED ACIDULANTS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. FEED ACIDULANTS MARKET - GLOBAL MARKET ANALYSIS
6.1. FEED ACIDULANTS - GLOBAL MARKET OVERVIEW
6.2. FEED ACIDULANTS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. FEED ACIDULANTS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. PROPIONIC ACID
7.3.1. Overview
7.3.2. Propionic Acid Market Forecast and Analysis
7.4. FORMIC ACID
7.4.1. Overview
7.4.2. Formic Acid Market Forecast and Analysis
7.5. CITRIC ACID
7.5.1. Overview
7.5.2. Citric Acid Market Forecast and Analysis
7.6. LACTIC ACID
7.6.1. Overview
7.6.2. Lactic Acid Market Forecast and Analysis
7.7. SORBIC ACID
7.7.1. Overview
7.7.2. Sorbic Acid Market Forecast and Analysis
7.8. OTHERS
7.8.1. Overview
7.8.2. Others Market Forecast and Analysis
8. FEED ACIDULANTS MARKET - REVENUE AND FORECASTS TO 2028 - COMPOUND
8.1. OVERVIEW
8.2. COMPOUND MARKET FORECASTS AND ANALYSIS
8.3. BLENDED
8.3.1. Overview
8.3.2. Blended Market Forecast and Analysis
8.4. SINGLE COMPOUND
8.4.1. Overview
8.4.2. Single Compound Market Forecast and Analysis
9. FEED ACIDULANTS MARKET - REVENUE AND FORECASTS TO 2028 - FORM
9.1. OVERVIEW
9.2. FORM MARKET FORECASTS AND ANALYSIS
9.3. DRY
9.3.1. Overview
9.3.2. Dry Market Forecast and Analysis
9.4. LIQUID
9.4.1. Overview
9.4.2. Liquid Market Forecast and Analysis
10. FEED ACIDULANTS MARKET - REVENUE AND FORECASTS TO 2028 - FUNCTION
10.1. OVERVIEW
10.2. FUNCTION MARKET FORECASTS AND ANALYSIS
10.3. PH CONTROL
10.3.1. Overview
10.3.2. PH Control Market Forecast and Analysis
10.4. FEED EFFICIENCY
10.4.1. Overview
10.4.2. Feed Efficiency Market Forecast and Analysis
10.5. FLAVOR
10.5.1. Overview
10.5.2. Flavor Market Forecast and Analysis
11. FEED ACIDULANTS MARKET - REVENUE AND FORECASTS TO 2028 - ANIMAL TYPE
11.1. OVERVIEW
11.2. ANIMAL TYPE MARKET FORECASTS AND ANALYSIS
11.3. POULTRY
11.3.1. Overview
11.3.2. Poultry Market Forecast and Analysis
11.4. SWINE
11.4.1. Overview
11.4.2. Swine Market Forecast and Analysis
11.5. RUMINANTS
11.5.1. Overview
11.5.2. Ruminants Market Forecast and Analysis
11.6. AQUACULTURE
11.6.1. Overview
11.6.2. Aquaculture Market Forecast and Analysis
11.7. PETS
11.7.1. Overview
11.7.2. Pets Market Forecast and Analysis
11.8. EQUINE
11.8.1. Overview
11.8.2. Equine Market Forecast and Analysis
12. FEED ACIDULANTS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
12.1. NORTH AMERICA
12.1.1 North America Feed Acidulants Market Overview
12.1.2 North America Feed Acidulants Market Forecasts and Analysis
12.1.3 North America Feed Acidulants Market Forecasts and Analysis - By Type
12.1.4 North America Feed Acidulants Market Forecasts and Analysis - By Compound
12.1.5 North America Feed Acidulants Market Forecasts and Analysis - By Form
12.1.6 North America Feed Acidulants Market Forecasts and Analysis - By Function
12.1.7 North America Feed Acidulants Market Forecasts and Analysis - By Animal Type
12.1.8 North America Feed Acidulants Market Forecasts and Analysis - By Countries
12.1.8.1 United States Feed Acidulants Market
12.1.8.1.1 United States Feed Acidulants Market by Type
12.1.8.1.2 United States Feed Acidulants Market by Compound
12.1.8.1.3 United States Feed Acidulants Market by Form
12.1.8.1.4 United States Feed Acidulants Market by Function
12.1.8.1.5 United States Feed Acidulants Market by Animal Type
12.1.8.2 Canada Feed Acidulants Market
12.1.8.2.1 Canada Feed Acidulants Market by Type
12.1.8.2.2 Canada Feed Acidulants Market by Compound
12.1.8.2.3 Canada Feed Acidulants Market by Form
12.1.8.2.4 Canada Feed Acidulants Market by Function
12.1.8.2.5 Canada Feed Acidulants Market by Animal Type
12.1.8.3 Mexico Feed Acidulants Market
12.1.8.3.1 Mexico Feed Acidulants Market by Type
12.1.8.3.2 Mexico Feed Acidulants Market by Compound
12.1.8.3.3 Mexico Feed Acidulants Market by Form
12.1.8.3.4 Mexico Feed Acidulants Market by Function
12.1.8.3.5 Mexico Feed Acidulants Market by Animal Type
12.2. EUROPE
12.2.1 Europe Feed Acidulants Market Overview
12.2.2 Europe Feed Acidulants Market Forecasts and Analysis
12.2.3 Europe Feed Acidulants Market Forecasts and Analysis - By Type
12.2.4 Europe Feed Acidulants Market Forecasts and Analysis - By Compound
12.2.5 Europe Feed Acidulants Market Forecasts and Analysis - By Form
12.2.6 Europe Feed Acidulants Market Forecasts and Analysis - By Function
12.2.7 Europe Feed Acidulants Market Forecasts and Analysis - By Animal Type
12.2.8 Europe Feed Acidulants Market Forecasts and Analysis - By Countries
12.2.8.1 Germany Feed Acidulants Market
12.2.8.1.1 Germany Feed Acidulants Market by Type
12.2.8.1.2 Germany Feed Acidulants Market by Compound
12.2.8.1.3 Germany Feed Acidulants Market by Form
12.2.8.1.4 Germany Feed Acidulants Market by Function
12.2.8.1.5 Germany Feed Acidulants Market by Animal Type
12.2.8.2 France Feed Acidulants Market
12.2.8.2.1 France Feed Acidulants Market by Type
12.2.8.2.2 France Feed Acidulants Market by Compound
12.2.8.2.3 France Feed Acidulants Market by Form
12.2.8.2.4 France Feed Acidulants Market by Function
12.2.8.2.5 France Feed Acidulants Market by Animal Type
12.2.8.3 Italy Feed Acidulants Market
12.2.8.3.1 Italy Feed Acidulants Market by Type
12.2.8.3.2 Italy Feed Acidulants Market by Compound
12.2.8.3.3 Italy Feed Acidulants Market by Form
12.2.8.3.4 Italy Feed Acidulants Market by Function
12.2.8.3.5 Italy Feed Acidulants Market by Animal Type
12.2.8.4 United Kingdom Feed Acidulants Market
12.2.8.4.1 United Kingdom Feed Acidulants Market by Type
12.2.8.4.2 United Kingdom Feed Acidulants Market by Compound
12.2.8.4.3 United Kingdom Feed Acidulants Market by Form
12.2.8.4.4 United Kingdom Feed Acidulants Market by Function
12.2.8.4.5 United Kingdom Feed Acidulants Market by Animal Type
12.2.8.5 Russia Feed Acidulants Market
12.2.8.5.1 Russia Feed Acidulants Market by Type
12.2.8.5.2 Russia Feed Acidulants Market by Compound
12.2.8.5.3 Russia Feed Acidulants Market by Form
12.2.8.5.4 Russia Feed Acidulants Market by Function
12.2.8.5.5 Russia Feed Acidulants Market by Animal Type
12.2.8.6 Rest of Europe Feed Acidulants Market
12.2.8.6.1 Rest of Europe Feed Acidulants Market by Type
12.2.8.6.2 Rest of Europe Feed Acidulants Market by Compound
12.2.8.6.3 Rest of Europe Feed Acidulants Market by Form
12.2.8.6.4 Rest of Europe Feed Acidulants Market by Function
12.2.8.6.5 Rest of Europe Feed Acidulants Market by Animal Type
12.3. ASIA-PACIFIC
12.3.1 Asia-Pacific Feed Acidulants Market Overview
12.3.2 Asia-Pacific Feed Acidulants Market Forecasts and Analysis
12.3.3 Asia-Pacific Feed Acidulants Market Forecasts and Analysis - By Type
12.3.4 Asia-Pacific Feed Acidulants Market Forecasts and Analysis - By Compound
12.3.5 Asia-Pacific Feed Acidulants Market Forecasts and Analysis - By Form
12.3.6 Asia-Pacific Feed Acidulants Market Forecasts and Analysis - By Function
12.3.7 Asia-Pacific Feed Acidulants Market Forecasts and Analysis - By Animal Type
12.3.8 Asia-Pacific Feed Acidulants Market Forecasts and Analysis - By Countries
12.3.8.1 Australia Feed Acidulants Market
12.3.8.1.1 Australia Feed Acidulants Market by Type
12.3.8.1.2 Australia Feed Acidulants Market by Compound
12.3.8.1.3 Australia Feed Acidulants Market by Form
12.3.8.1.4 Australia Feed Acidulants Market by Function
12.3.8.1.5 Australia Feed Acidulants Market by Animal Type
12.3.8.2 China Feed Acidulants Market
12.3.8.2.1 China Feed Acidulants Market by Type
12.3.8.2.2 China Feed Acidulants Market by Compound
12.3.8.2.3 China Feed Acidulants Market by Form
12.3.8.2.4 China Feed Acidulants Market by Function
12.3.8.2.5 China Feed Acidulants Market by Animal Type
12.3.8.3 India Feed Acidulants Market
12.3.8.3.1 India Feed Acidulants Market by Type
12.3.8.3.2 India Feed Acidulants Market by Compound
12.3.8.3.3 India Feed Acidulants Market by Form
12.3.8.3.4 India Feed Acidulants Market by Function
12.3.8.3.5 India Feed Acidulants Market by Animal Type
12.3.8.4 Japan Feed Acidulants Market
12.3.8.4.1 Japan Feed Acidulants Market by Type
12.3.8.4.2 Japan Feed Acidulants Market by Compound
12.3.8.4.3 Japan Feed Acidulants Market by Form
12.3.8.4.4 Japan Feed Acidulants Market by Function
12.3.8.4.5 Japan Feed Acidulants Market by Animal Type
12.3.8.5 South Korea Feed Acidulants Market
12.3.8.5.1 South Korea Feed Acidulants Market by Type
12.3.8.5.2 South Korea Feed Acidulants Market by Compound
12.3.8.5.3 South Korea Feed Acidulants Market by Form
12.3.8.5.4 South Korea Feed Acidulants Market by Function
12.3.8.5.5 South Korea Feed Acidulants Market by Animal Type
12.3.8.6 Rest of Asia-Pacific Feed Acidulants Market
12.3.8.6.1 Rest of Asia-Pacific Feed Acidulants Market by Type
12.3.8.6.2 Rest of Asia-Pacific Feed Acidulants Market by Compound
12.3.8.6.3 Rest of Asia-Pacific Feed Acidulants Market by Form
12.3.8.6.4 Rest of Asia-Pacific Feed Acidulants Market by Function
12.3.8.6.5 Rest of Asia-Pacific Feed Acidulants Market by Animal Type
12.4. MIDDLE EAST AND AFRICA
12.4.1 Middle East and Africa Feed Acidulants Market Overview
12.4.2 Middle East and Africa Feed Acidulants Market Forecasts and Analysis
12.4.3 Middle East and Africa Feed Acidulants Market Forecasts and Analysis - By Type
12.4.4 Middle East and Africa Feed Acidulants Market Forecasts and Analysis - By Compound
12.4.5 Middle East and Africa Feed Acidulants Market Forecasts and Analysis - By Form
12.4.6 Middle East and Africa Feed Acidulants Market Forecasts and Analysis - By Function
12.4.7 Middle East and Africa Feed Acidulants Market Forecasts and Analysis - By Animal Type
12.4.8 Middle East and Africa Feed Acidulants Market Forecasts and Analysis - By Countries
12.4.8.1 South Africa Feed Acidulants Market
12.4.8.1.1 South Africa Feed Acidulants Market by Type
12.4.8.1.2 South Africa Feed Acidulants Market by Compound
12.4.8.1.3 South Africa Feed Acidulants Market by Form
12.4.8.1.4 South Africa Feed Acidulants Market by Function
12.4.8.1.5 South Africa Feed Acidulants Market by Animal Type
12.4.8.2 Saudi Arabia Feed Acidulants Market
12.4.8.2.1 Saudi Arabia Feed Acidulants Market by Type
12.4.8.2.2 Saudi Arabia Feed Acidulants Market by Compound
12.4.8.2.3 Saudi Arabia Feed Acidulants Market by Form
12.4.8.2.4 Saudi Arabia Feed Acidulants Market by Function
12.4.8.2.5 Saudi Arabia Feed Acidulants Market by Animal Type
12.4.8.3 U.A.E Feed Acidulants Market
12.4.8.3.1 U.A.E Feed Acidulants Market by Type
12.4.8.3.2 U.A.E Feed Acidulants Market by Compound
12.4.8.3.3 U.A.E Feed Acidulants Market by Form
12.4.8.3.4 U.A.E Feed Acidulants Market by Function
12.4.8.3.5 U.A.E Feed Acidulants Market by Animal Type
12.4.8.4 Rest of Middle East and Africa Feed Acidulants Market
12.4.8.4.1 Rest of Middle East and Africa Feed Acidulants Market by Type
12.4.8.4.2 Rest of Middle East and Africa Feed Acidulants Market by Compound
12.4.8.4.3 Rest of Middle East and Africa Feed Acidulants Market by Form
12.4.8.4.4 Rest of Middle East and Africa Feed Acidulants Market by Function
12.4.8.4.5 Rest of Middle East and Africa Feed Acidulants Market by Animal Type
12.5. SOUTH AND CENTRAL AMERICA
12.5.1 South and Central America Feed Acidulants Market Overview
12.5.2 South and Central America Feed Acidulants Market Forecasts and Analysis
12.5.3 South and Central America Feed Acidulants Market Forecasts and Analysis - By Type
12.5.4 South and Central America Feed Acidulants Market Forecasts and Analysis - By Compound
12.5.5 South and Central America Feed Acidulants Market Forecasts and Analysis - By Form
12.5.6 South and Central America Feed Acidulants Market Forecasts and Analysis - By Function
12.5.7 South and Central America Feed Acidulants Market Forecasts and Analysis - By Animal Type
12.5.8 South and Central America Feed Acidulants Market Forecasts and Analysis - By Countries
12.5.8.1 Brazil Feed Acidulants Market
12.5.8.1.1 Brazil Feed Acidulants Market by Type
12.5.8.1.2 Brazil Feed Acidulants Market by Compound
12.5.8.1.3 Brazil Feed Acidulants Market by Form
12.5.8.1.4 Brazil Feed Acidulants Market by Function
12.5.8.1.5 Brazil Feed Acidulants Market by Animal Type
12.5.8.2 Argentina Feed Acidulants Market
12.5.8.2.1 Argentina Feed Acidulants Market by Type
12.5.8.2.2 Argentina Feed Acidulants Market by Compound
12.5.8.2.3 Argentina Feed Acidulants Market by Form
12.5.8.2.4 Argentina Feed Acidulants Market by Function
12.5.8.2.5 Argentina Feed Acidulants Market by Animal Type
12.5.8.3 Rest of South and Central America Feed Acidulants Market
12.5.8.3.1 Rest of South and Central America Feed Acidulants Market by Type
12.5.8.3.2 Rest of South and Central America Feed Acidulants Market by Compound
12.5.8.3.3 Rest of South and Central America Feed Acidulants Market by Form
12.5.8.3.4 Rest of South and Central America Feed Acidulants Market by Function
12.5.8.3.5 Rest of South and Central America Feed Acidulants Market by Animal Type
13. INDUSTRY LANDSCAPE
13.1. MERGERS AND ACQUISITIONS
13.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
13.3. NEW PRODUCT LAUNCHES
13.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
14. FEED ACIDULANTS MARKET, KEY COMPANY PROFILES
14.1. ADDCON GROUP GMBH
14.1.1. Key Facts
14.1.2. Business Description
14.1.3. Products and Services
14.1.4. Financial Overview
14.1.5. SWOT Analysis
14.1.6. Key Developments
14.2. ANPARIO PLC
14.2.1. Key Facts
14.2.2. Business Description
14.2.3. Products and Services
14.2.4. Financial Overview
14.2.5. SWOT Analysis
14.2.6. Key Developments
14.3. BASF SE
14.3.1. Key Facts
14.3.2. Business Description
14.3.3. Products and Services
14.3.4. Financial Overview
14.3.5. SWOT Analysis
14.3.6. Key Developments
14.4. BIOMIN HOLDING GMBH
14.4.1. Key Facts
14.4.2. Business Description
14.4.3. Products and Services
14.4.4. Financial Overview
14.4.5. SWOT Analysis
14.4.6. Key Developments
14.5. CORBION NV
14.5.1. Key Facts
14.5.2. Business Description
14.5.3. Products and Services
14.5.4. Financial Overview
14.5.5. SWOT Analysis
14.5.6. Key Developments
14.6. KEMIN INDUSTRIES, INC.
14.6.1. Key Facts
14.6.2. Business Description
14.6.3. Products and Services
14.6.4. Financial Overview
14.6.5. SWOT Analysis
14.6.6. Key Developments
14.7. NOVUS INTERNATIONAL, INC.
14.7.1. Key Facts
14.7.2. Business Description
14.7.3. Products and Services
14.7.4. Financial Overview
14.7.5. SWOT Analysis
14.7.6. Key Developments
14.8. NUTREX NV
14.8.1. Key Facts
14.8.2. Business Description
14.8.3. Products and Services
14.8.4. Financial Overview
14.8.5. SWOT Analysis
14.8.6. Key Developments
14.9. PERSTORP HOLDING AB
14.9.1. Key Facts
14.9.2. Business Description
14.9.3. Products and Services
14.9.4. Financial Overview
14.9.5. SWOT Analysis
14.9.6. Key Developments
14.10. PETERLABS HOLDINGS BERHAD
14.10.1. Key Facts
14.10.2. Business Description
14.10.3. Products and Services
14.10.4. Financial Overview
14.10.5. SWOT Analysis
14.10.6. Key Developments
15. APPENDIX
15.1. ABOUT THE INSIGHT PARTNERS
15.2. GLOSSARY OF TERMS
1. Addcon Group GmbH
2. Anpario PLC
3. BASF SE
4. BIOMIN Holding GmbH
5. Corbion NV
6. Kemin Industries, Inc.
7. Novus International, Inc.
8. Nutrex NV
9. Perstorp Holding AB
10. Peterlabs Holdings Berhad
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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