Report ID: SQMIG30C2106
Report ID:
SQMIG30C2106 |
Region:
Global |
Published Date: December, 2024
Pages:
250
|
Tables:
124 |
Figures:
77
The Asia Pacific accounted for the largest feed acidulants market share and is expected to remain the leading consumer of Feed Acidulants in the coming years. The heavy reliance on animal-based food products in dietary patterns in developing countries is a major driving force. The livestock have been under increasing pressure to produce more with less inputs. The market for feed acidulants is dominated by the Asia Pacific area, which is also seeing increased growth in the production of feed and feed additives. The demand for meat and dairy products is expected to rise as a result of the region's rapid economic development in nations like China, India, Japan, and Thailand for both local consumption and exports. For better and higher-quality meat and dairy products, New Zealand and Australia's growing livestock feed consumption has increased the need for feed acidulants. Additionally, the Asia-Pacific region produced more milk than 40% of the world's total. Despite being the largest region in terms of volume and value, consumers come from different economic tiers and have different eating patterns.
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Report ID: SQMIG30C2106