Feed Acid Market is Expected to Reach USD 1,779.3 Million by 2019: Transparency Market Research
Albany, NY, March 26, 2014 --(PR.com
)-- 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.
Browse Global Feed Acid Market Report with Full TOC at http://www.transparencymarketresearch.com/feed-acidifiers-market.html
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 the feed acid market that accounted for more than 60% of the marketshare. Europe was 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 the 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 the market players directly 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.
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Sports Nutrition Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019
The global sports nutrition market was valued at USD 20.7 billion in 2012 and is expected to grow at a CAGR of 9.0% from 2013 to 2019, to reach an estimated value of USD 37.7 billion in 2019.
Browse Global Sports Nutrition Market Report with Full TOC athttp://www.transparencymarketresearch.com/sports-nutrition-market.html
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. Furthermore, changing consumer preferences and expansion of distribution channels are other growth inhibitors for the industry. Developed regions such as the U.S. and countries in Europe have been the dominant market shareholders. However, as consumers in developing nations are increasingly spending their income on health and health related products, these economies are expected to pose a serious challenge to the supremacy of developed economies. Organizing high profile sports events in these countries is further expected to escalate the demand for sports nutritional products in these markets.
The sports nutrition market is bifurcated into three segments: Sports Food, Sports Drinks and Sports Supplements. Sports Drinks was the largest segment; it increased to USD 12,435.4 million in 2012, up 7.3% over 2011. The U.S. is the world's largest consumer base for Sports Drinks. Other major markets are the U.K., Germany and Italy. Major growth drivers of the sports nutrition market in the U.S. are increasing lifestyle users and changing consumer behavior towards new sports nutrition product formats such as ready-to-drink and energy bars. Sports nutrition product distribution is slowly shifting from gym and health stores to supermarkets as the preferred distribution channel. Asia Pacific is the fastest growing market for sports nutrition products. The sports nutrition market is well established in countries such as Japan, China and Australia. The main reason behind the growth of the sports nutrition market in Asia Pacific is increasing awareness about healthy living. Some of the major companies operating in the market are Maxinutrition, Glanbia, PepsiCo, Coca-Cola and Clif Bar & Company.
Sports Nutrition Market
: Regional Analysis