PUBLISHER: Grand View Research | PRODUCT CODE: 1404873
PUBLISHER: Grand View Research | PRODUCT CODE: 1404873
The global calcium formate market size is estimated to reach USD 1.25 billion by 2030 according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 5.5% from 2023 to 2030. Calcium formate, a calcium salt of formic acid, is gaining significant traction as a feed additive in the livestock industry. Its versatile properties, which help in improved digestibility, growth promotion, and disease prevention, have led to its increasing usage as a valuable supplement in animal nutrition.
One of the key advantages of calcium formate lies in its ability to improve the digestibility of animal feed. By optimizing the digestion process, it helps animals extract maximum nutrients from their diet, leading to enhanced nutrient absorption. This leads to better growth rates, improved feed efficiency, and ultimately, higher productivity.
The product has a positive impact on animal growth and performance is another driving factor behind its increasing usage as a feed additive. Studies have shown that when the product is included in the diet, it can stimulate the production of beneficial gut bacteria and improve gut health, leading to enhanced nutrient utilization. This, in turn, results in accelerated growth, improved weight gain, and overall better performance in animals.
The utilization of the product as a feed additive also offers environmental benefits such as its inclusion in animal diets has been found to reduce the environmental impact associated with livestock production. By improving nutrient absorption and reducing nutrient excretion, the product can contribute to minimizing the release of excess nutrients into the environment, thereby reducing the risk of water and soil pollution.