Feed Acidifiers - Global Strategic Business Report - Market Research Reports

Contents:

FEED ACIDIFIERS
A GLOBAL STRATEGIC BUSINESS REPORT

CONTENTS

I-A. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS
Study Reliability and Reporting Limitations I-1
Disclaimers I-2
Data Interpretation & Reporting Level I-2
Quantitative Techniques & Analyticss I-3
Product Definitions and Scope of Study I-3

I-B. GENERAL OVERVIEW OF THE CHEMICAL INDUSTRY
China and Emerging Economies Fuel Demand I-4
Production Focus Moves to Developing Countries I-4
Growing Use of E-Commerce Expands Trade I-4

II.
1. Industry Overview II-1
Acidification of Animal Diet
Not A New Concept II-1
Factors Impacting Feed Acidifiers Market Growth II-1
Ban on Animal Feed Antibiotics Throws Spotlight on Feed
Acidifiers II-1
Strong Demand For Pork & Poultry to Fan the Growing
Popularity of Feed Acidifiers II-2
Acidification of Calf Diet
Rekindled Interest II-2
Acidifiers to Derive Impetus from the Global Push for Meat
Products II-3
Global Market Size and Trends II-4

2. Feed Additives Market
A Brief Profile II-5
Product Overview II-5
Classification of Feed Additives II-5
Antibiotics II-6
Antibacterials II-6
Nutritional Feed Additives II-6
Vitamins II-6
Vitamin E
A Key Ingredient for High Quality Meat II-7
Minerals II-7
Amino Acids II-7
Pre-Mixes II-8
Other Animal Feed Additives II-8
Non-Nutritive Feed Additives II-8
Melengesterol Acetate (MGA) II-8
Feed Supplements II-8
Growth Drivers for Feed Additives II-8
Increased Focus on Animal Production II-8
Table 1: Statistics of World Population: 1987
2040
(includes corresponding Graph/Chart) II-9
Table 2: World Livestock Market by Region: Annual Estimates
for 2004 by Type: Cattle, Swine, and Sheep (in ‘Million
Heads) (includes corresponding Graph/Chart) II-9
Trends in Meat Production and Consumption II-10
BSE
Scare... And the Aftermath II-10
Food Safety Measures
Further Tightened by Public Authorities II-10
Animal Disease Epidemics and Counter Moves II-11
Codex Code on Animal Feed Practices Worldwide II-11
Industry Heading Towards Phase Out of Antibiotics II-12
In the US II-13
In Australia II-13
Strategic Initiatives by Players II-14
Global Compound Feed Sector
A Brief Overview II-15

3. Feed Acidifiers Market in Light of Ban on Antibiotics II-16
Reasons Contributing to Ban on Antibiotics II-16
Impact of the Ban II-16
Rise in Demand for Alternatives to Antibiotics II-18
Assessing New Feed Additives II-19
Feed Acidifiers as a Potential Replacement
A Critical Review II-19
Propionic, Formic, Fumaric, and Phosphoric Acids Emerge as
Prospective Growth Promoters II-19

4. Feed Acidifiers -Product Profile II-21
What are Feed Acidifiers? II-21
Action of FAS II-21
Functionalities of Acidifiers II-21
Application of FAS II-22
Acidifiers Having Positive Effect on Feed Efficiency II-22
Acidifiers Having Bacteriostatic Effect II-22
Acidifiers Fighting Against Mould and Yeast II-22
Classification of Feed Acidifiers II-23
Organic Acids II-23
Role of Organic Acids II-23
Formic Acid II-24
Table 3: Worldwide Production of Formic Acid (2004):
Percentage Share Breakdown by Geographic Region (includes
corresponding Graph/Chart) II-25

Table 4: Worldwide Formic Acid Market: Percentage Share
Breakdown by Areas of Application (includes corresponding
Graph/Chart) II-26
Use of Formic Acid as Preservative in Animal Nutrition II-26
Acetic Acid II-26
Propionic Acid II-27
Table 5: Worldwide Consumption of Propionic Acid by
Industry Type: 2005 (includes corresponding Graph/Chart) II-27
Butyric Acid II-28
Sorbic Acid II-28
Fumaric Acid II-28
Malic Acid II-28
Tartaric Acid II-28
Citric Acid II-29
Inorganic Acids II-29
Phosphoric Acid II-29
Feed Phosphate II-29
Table 6: Worldwide Phosphate Production (2004): Capacity
Breakdown by Region (in Million Tons) (includes
corresponding Graph/Chart) II-30
Table 7: Worldwide Demand for Feed Phosphate: 2004 & 2006
(In million tons) (includes corresponding Graph/Chart) II-30
North America Dominates the Feed Phosphates Market II-30
Table 8: Worldwide Feed Phosphate Demand (2005)- Percentage
Breakdown by Region (In Million Tons) (includes
corresponding Graph/Chart) II-31
Mode of Usage of Feed Acidifiers II-32
Acidifiers Used on Large Scale II-32

5. Evolving Market Trends II-34
Acidifiers on the Growth Curve II-34
Encapsulated Acidifiers to Grow at Rapid Pace II-34
Table 9: Feed Efficiency Displayed in Piglets Treated with
Oral Acidifier and Coated Oral Acidifier (feed Kg/liveweight
Kg) (includes corresponding Graph/Chart) II-35
Market Potential for Organic and Inorganic Mix II-35

6. Acidifiers Market By Animal Type II-36
Swine and Piglets II-36
Raising Swine Without Antibiotic Use
A Challenging Task II-36
Increasing Weaning Age II-36
Dysentery in Swine
An Economically Significant Disease II-36
Acidification of Swine Feed II-37
Acidification of Starter Diets II-38
Poultry II-39
Importance of Nutrition & Health in Poultry II-39
Broiler Performance II-40
Alternatives to Antibiotics in Poultry Animal Feed II-40
Cattle II-40
Use of Diet Acidification on Rise II-40
Types of Acidified Diets II-41
Acidification of Diet in Calves
Advantages and Benefits II-41
Usage of Organic Acid as Feed Acidifier II-41
Factors Translating to Better Economic Returns II-42
Feed Conversion Ratio II-42
High Daily Weight Gains II-42

7. Product Competition II-43
Probiotics II-43
Enzymes II-43
Microflora Enhancers II-44
Immunomodulators II-44
Carotenoids II-44
Herbal Products (Herbs, Spices and Essential Oils) II-44
Metabolic Peptides II-45
ß-agonists II-45

8. Focus at Customer Level II-46
Supply Chain for Animal Feed Acidifiers II-46
Profitability Levels II-46
Veto on Antibiotics Impacts Cost of Meat
A Critical Review II-46
Impact of Withdrawal of Growth Promoters II-47
Irradiation of Meat Not an Option for Problems Related to
Antibiotic Resistance II-48

9. Competitive Scenario II-49
Major Players by Geographic Market II-49
Select Formulated Brands of Feed Acidifiers II-50

10. Recent Industry Activity II-52
Loders Croklaan Signs an Agreement with Vitamex II-52
TNI to Establish TECHKORM II-52
Kemira Acquires Verdugt II-52
IFFC and ENMC Form a Joint Venture Company II-52
Ajinomoto to Enhance Amino Acid Production Capacities II-53
Perstorp to Build a New Propionic Acid Plant II-53
SPMC to Construct a New Phosphoric Acid Plant II-53
Purac Worldwide to Build a Plant for Lactic Acid Production II-53
HWPC to Build a Polylactide Plant II-53
Perstorp Invests for New Acid Plants II-53
Divestiture of Kemira GrowHow II-54
Novus International Acquires Wolfgang Röthel II-54
BASF Acquires Animal Nutrition Product ‘FORMI’ from Hydro
Formates II-54
Brenntag Starts New Facility for Animal Feed Blending in Poland II-54
Kemira Opens New Plant in Sweden II-55
AECI Ltd to Dispose Kynoch Feeds to Kemira Oy of Finland II-55
Archer Daniels Midland Acquires Consolidated Nutrition’s
Caribbean Operations II-55
BASF and Norsk Hydro Ink Sales and Production Agreement II-55
Cargill Establishes New Feed Applications Group II-55
PotashCorp Closes Phosphate Feed Plant in Iowa II-55
BASF Establishes Formic Acid Plant in Malaysia II-56
Kemira Expands Formic Acid Production Capacity at Oulu Plant II-56

11. Regulatory & Environmental Analysis II-57
Regulatory Environment II-57
Registration of Additives II-57
Public Authorities on Feed Additives II-57
Regulatory Bodies Governing Feed Additives Market in Europe II-58
The European Food Safety Authority
EFSA II-58
FEDESA
The European Federation of Animal Health II-58
IFAH- Europe II-58
Regulatory Bodies Governing Feed Additives Market in the US II-59
Association of American Feed Control Officials (AAFCO) II-59
Role of the FDA in Monitoring Animal Feed Practices in the US II-59
Alliance for the Prudent Use of Antibiotics (APUA) II-60
Factors Considered While Selecting Growth Promotants II-60
Entry Barriers II-60
Infrastructural Requirements for the Use of Organic Acids II-60
Intensive Research II-60
Price Trends for Pure Acids II-61
Profitability as Large-Volume Acidifiers Evolve into
Commodity Products II-63

12. Focus on Select Players II-64
BASF (Germany) II-64
Biomin GTI GmbH (Germany) II-64
Furst-McNess (USA) II-65
Impextraco (Belgium) II-65
Jefo Nutrition (Canada) II-65
Kemin Europa (The Netherlands) II-66
Kemin GrowHow(Europe) II-66
NOVUS International (US) II-67
Perstorp AB (Sweden) II-68
PURAC America (USA) II-68
Trouw Nutrition (Netherlands) II-68

13. Focus on Select Feed Acidifiers II-69
Acid LAC microPELLETS II-69
ACID-WAY II-69
ACIDAL II-69
Biotronic SE II-70
Acidomix Protect II-70
AGREX
Registered Acidifier For Swine Rations II-70
Bolifor FA II-71
BACT-A-CID II-71
Calprona II-71
Poultry-Lyte II-71
FORMIC Lac II-72
Forlac Spray II-72

14. Global Market Perspective II-73
Table 10: World Recent Past, Current & Future Analysis for
Feed Acidifiers by Geographic Region
US, Canada, Japan,
Europe, Latin America and Rest of World Markets Independently
Analyzed with Annual Sales Figures in US$ Million for Years
2000 through 2010 (includes corresponding Graph/Chart) II-73

Table 11: World 10-Year Perspective for Feed Acidifiers by
Geographic Region
Percentage Breakdown of Dollar Sales for
US, Canada, Japan, Europe, Latin America and Rest of World
Markets for Years 2000, 2005 & 2010 (includes corresponding
Graph/Chart) II-73

Table 12: World Recent Past, Current & Future Analysis for
Formic Acid Consumption in Feed Acidifiers by Geographic
Region
US, Canada, Japan, Europe, Latin America and Rest of
World Markets Independently Analyzed with Annual Sales Figures
in US$ Million for Years 2000 through 2010 (includes
corresponding Graph/Chart) II-74

Table 13: World 10-Year Perspective for Formic Acid
Consumption in Feed Acidifiers by Geographic Region -
Percentage Breakdown of Dollar Sales for US , Canada, Japan,
Europe, Latin America and Rest of World Markets for Years
2000, 2005 & 2010 (includes corresponding Graph/Chart) II-74

Table 14:World Recent Past, Current & Future Analysis for
Lactic Acid Consumption in Feed Acidifiers by Geographic
Region
US, Canada, Japan, Europe, Latin America and Rest of
World Markets Independently Analyzed with Annual Sales Figures
in US$ Million for Years 2000 through 2010 (includes
corresponding Graph/Chart) II-75

Table 15: World 10-Year Perspective for Lactic Acid
Consumption in Feed Acidifiers by Geographic Region -
Percentage Breakdown of Dollar Sales for US, Canada, Japan,
Europe, Latin America and Rest of World Markets for Years
2000, 2005 & 2010 (includes corresponding Graph/Chart) II-75

Table 16: World Recent Past, Current & Future Analysis for
Fumaric Acid Consumption in Feed Acidifiers by Geographic
Region
US, Canada, Japan, Europe, Latin America and Rest of
World Markets Independently Analyzed with Annual Sales Figures
in US$ Million for Years 2000 through 2010 (includes
corresponding Graph/Chart) II-76

Table 17: World 10-Year Perspective for Fumaric Acid
Consumption in Feed Acidifiers by Geographic Region -
Percentage Breakdown of Dollar Sales for US, Canada, Japan,
Europe, Latin America and Rest of World Markets for Years
2000, 2005 & 2010 (includes corresponding Graph/Chart) II-76

Table 18: World Recent Past, Current & Future Analysis for
Propionic Acid Consumption in Feed Acidifiers by Geographic
Region
US, Canada, Japan, Europe, Latin America and Rest of
World Markets Independently Analyzed with Annual Sales
Figures in US$ Million for Years 2000 through 2010 (includes
corresponding Graph/Chart) II-77

Table 19: World 10-Year Perspective for Propionic Acid
Consumption in Feed Acidifiers by Geographic Region -
Percentage Breakdown of Dollar Sales for US, Canada, Japan,
Europe, Latin America and Rest of World Markets for Years
2000, 2005 & 2010 (includes corresponding Graph/Chart) II-77

Table 20:World Recent Past, Current & Future Analysis for
Consumption of Other Acidsin Feed Acidifiers by Geographic
Region
US, Canada, Japan, Europe, Latin America and Rest of
World Markets Independently Analyzed with Annual Sales Figures
in US$ Million for Years 2000 through 2010 (includes
corresponding Graph/Chart) II-78

Table 21: World 10-Year Perspective for Consumption of Other
Acids in Feed Acidifiers by Geographic Region
Percentage
Breakdown of Dollar Sales for US, Canada, Japan, Europe, Latin
America and Rest of World Marketsfor Years 2000, 2005 & 2010
(includes corresponding Graph/Chart) II-78

III. MARKET

1. The United States III-1
A.Market Analysis III-1
Market for Feed Acidifiers III-1
Domestic Livestock Market III-1
Table 22: Livestock Market in the US: Annual Estimates for
2004 by Type: Cattle, Swine, and Sheep (In ‘Million Heads)
(includes corresponding Graph/Chart) III-1
Meat Consumption Trends III-1
Ban on Antibiotics in the US & the Impact on Swine Rations III-2
Alternative Marketing Strategies for Organic Beef III-2
Impact on Profitability III-3
Regulatory Environment III-3
Role of FDA in Monitoring Animal Feed Practices in the US III-3
FDA Restricts Fluoroquinolones in Poultry III-3
Alliance for the Prudent Use of Antibiotics (APUA) III-4
Leading Players III-5
Furst-McNess III-5
NOVUS International III-5
PURAC America III-5
Strategic Developments III-6
Historic Review III-6
Strong Demand for Feed Phosphates in Late 1990s Following
the FDA’s Ban on MBM III-6
B.Market Analytics III-7
Table 23: US Recent Past, Current & Future Analysis for Feed
Acidifiers by Product Segment -Formic Acid, Lactic Acid,
Fumaric Acid, Propionic Acid & Other Acids Markets
Independently Analyzed with Annual Sales Figures in US$
Million for Years 2000 through 2010 (includes corresponding
Graph/Chart) III-7

Table 24: US 10-Year Perspective for Feed Acidifiers by
Product Segment
Percentage Breakdown of Dollar Sales for
Formic Acid, Lactic Acid, Fumaric Acid, Propionic Acid &
Other Acids Markets for 2000, 2005 & 2010 (includes
corresponding Graph/Chart) III-7

2. Canada III-8
A.Market Analysis III-8
Canadian Agricultural and Livestock Market
A Brief Outline III-8
Table 25: Livestock Market in Canada: Annual Estimates for
2004(in ‘Million heads) (includes corresponding Graph/
Chart) III-8
Ensuring Ban on Antibiotics III-9
Players in Feed Acidifiers Market III-9
Jefo Nutrition III-9
B.Market Analytics III-10
Table 26: Canadian Recent Past, Current & Future Analysis
for Feed Acidifiers by Product Segment
Formic Acid,
Lactic Acid, Fumaric Acid, Propionic Acid & Other Acids
Markets Independently Analyzed with Annual Sales Figures in
US$ Million for Years 2000 through 2010 (includes
corresponding Graph/Chart) III-10

Table 27: Canadian 10-Year Perspective for Feed Acidifiers
by Product Segment
Percentage Breakdown of Dollar Sales
for Formic Acid, Lactic Acid, Fumaric Acid, Propionic Acid
& Other Acids Markets for 2000, 2005 & 2010 (includes
corresponding Graph/Chart) III-10

3. Japan III-11
A.Market Analysis III-11
Market for Feed Acidifiers III-11
Livestock Trends III-11
Table 28: Livestock Market in Japan: Annual Estimates for
2004 by Type: Cattle, Swine, and Sheep (in ‘Million heads)
(includes corresponding Graph/Chart) III-11
Strategic Development III-11
B.Market Analytics III-12
Table 29: Japanese Recent Past, Current & Future Analysis
for Feed Acidifiers by Product Segment
Formic Acid, Lactic
Acid, Fumaric Acid, Propionic Acid & Other Acids Markets
Independently Analyzed with Annual Sales Figures in US$
Million for Years 2000 through 2010 (includes corresponding
Graph/Chart) III-12

Table 30: Japanese 10-Year Perspective for Feed Acidifiers
by Product Segment
Percentage Breakdown of Dollar Sales
for Formic Acid, Lactic Acid, Fumaric Acid, Propionic Acid
& Other Acids Markets for 2000, 2005 & 2010 (includes
corresponding Graph/Chart) III-12

4. Europe III-13
A.Market Analysis III-13
Feed Acidifiers Market in Europe III-13
Western Europe- Largest Consumer of Formic Acid for Animal
Feed III-13
Table 31: Formic Acid Market in Europe: Percentage
Breakdown by Country/Region in 2004 (includes
corresponding Graph/Chart) III-13
Players Strengthen Organic Portfolio III-14
Feed Phosphates III-14
Meat Market in the European Union
A Synopsized Review III-15
Table 32: Livestock Market in Europe- Breakdown by Country
& Type for 2004 (In Million Heads) (includes corresponding
Graph/Chart) III-16
Regulatory Environment III-16
Naturally Produced Animal Feeds
“A Rising Tale in Europe” III-16
EU Steps up Safety Measures on Food and Feed Additives III-17
Emergence of the European Food Safety Authority
EFSA III-17
IFAH- Europe III-18
FEFANA III-18
Establishment of Maximum Residue Limits (MRLs) III-19
En-route Towards a Possible Blanket Ban on Antibiotics III-19
EU Regulations Choke Innovative Spirit in the Veterinary
Medicines Market III-20
Strategic Developments III-20
Review of European Countries III-24
Germany III-24
Table 33: Livestock Market in Germany: Annual Estimates
for 2004 ‘Million Heads (includes corresponding Graph/
Chart) III-24
France III-24
Table 34: Livestock Market in France: Annual stimates for
2004 by Type: Cattle, Swine, and Sheep (in ‘Million Heads)
(includes corresponding Graph/Chart) III-25
Italy III-25
Table 35: Livestock Market in Italy: Annual Estimates for
2004 by Type: Cattle, Swine, and Sheep (in ‘Million Heads)
(includes corresponding Graph/Chart) III-25
United Kingdom III-25
Table 36: Livestock Market in the United Kingdom: Annual
Estimates for 2004 by Type: Cattle, Swine, and Sheep (in
Million Heads) (includes corresponding Graph/Chart) III-25
Spain III-26
Table 37: Livestock Market in Spain: Annual Estimates for
2004 by Type: Cattle, Swine, and Sheep (in Million Heads)
(includes corresponding Graph/Chart) III-26
Scandinavia III-26
Table 38: Livestock Market in Scandinavia: Annual
Estimates for 2004 by Type: Cattle, Swine, and Sheep (in
‘000 Heads) (includes corresponding Graph/Chart) III-27
Denmark III-28
The National Committee for Pig Production III-28
Slew of New Organic Additives on Cards III-28
Benelux III-29
Belgian Health Authorities Observe Allergy- Causing
Antibiotics in Animal Feed III-29
Table 39: Livestock Market in Benelux: Annual Estimates
for 2004 by Type: Cattle, Swine, and Sheep (in ‘Million
Heads) (includes corresponding Graph/Chart) III-29
Eastern Europe III-29
Table 40: Livestock Market in Eastern Europe: Annual
Estimates for 2004 by Type: Cattle, Swine, and Sheep (in
‘Million Heads) (includes corresponding Graph/Chart) III-30
Poland III-30
Slovakia III-30
Russia III-31
Focus on Key Players III-31
BASF III-31
Biomin GTI GmbH III-31
Jefo Europe III-32
Impextraco III-32
Kemin Europa III-32
Kemira GrowHow III-32
Perstorp AB (Sweden) III-33
Trouw Nutrition III-33
B.Market Analytics III-34
Table 41: European Recent Past, Current & Future Analysis
for Feed Acidifiers by Product Segment
Formic Acid, Lactic
Acid, Fumaric Acid, Propionic Acid & Other Acids Markets
Independently Analyzed with Annual Sales Figures in US$
Million for Years 2000 through 2010 (includes
corresponding Graph/Chart) III-34

Table 42: European 10-Year Perspective for Feed Acidifiers
by Product Segment
Percentage Breakdown of Dollar Sales
for Formic Acid, Lactic Acid, Fumaric Acid, Propionic Acid
& Other Acids Markets for 2000, 2005 & 2010 (includes
corresponding Graph/Chart) III-34

5. Latin America III-35
A.Market Analysis III-35
Changes in the Compound Feed Sector III-35
Table 43: Livestock Market in Latin America: Annual
Estimates for 2004 by Country (in Million Heads) (includes
corresponding Graph/Chart) III-36
Strategic Developments III-36
B.Market Analytics III-37
Table 44: Latin America Recent Past, Current & Future
Analysis for Feed Acidifiers by Product Segment for Formic
Acid, Lactic Acid, Fumaric Acid, Propionic Acid & Other
Acids Markets Independently Analyzed with Annual Sales
Figures in US$ Million for Years 2000 through 2010
(includes corresponding Graph/Chart) III-37

Table 45: Latin America 10-Year Perspective for Feed
Acidifiers by Product Segment
Percentage Breakdown of
Dollar Sales for Formic Acid, Lactic Acid, Fumaric Acid,
Propionic Acid & Other Acids Markets for 2000, 2005 & 2010
(includes corresponding Graph/Chart) III-37

6. Rest of World III-38
A.Market Analysis III-38
Use of Antibiotics for Animal Health in Australia
A Review III-38
Factors Likely to Affect Poultry Industry: III-39
Feed III-39
Vaccines and Veterinary Care III-39
New Zealand III-39
China III-39
Significant Role Played by China in the Asia-Pacific III-39
Strategic Developments III-39
B.Market Analytics III-41
Table 46 : Rest of World Recent Past, Current & Future
Analysis for Feed Acidifiers by Product Segment
Formic
Acid, Lactic Acid, Fumaric Acid, Propionic Acid & Other
Acids Markets Independently Analyzed with Annual Sales
Figures in US$ Million for Years 2000 through 2010
(includes corresponding Graph/Chart) III-41

Table 47: Rest of World 10-Year Perspective for Feed
Acidifiers by Product Segment
Percentage Breakdown of
Dollar Sales for Formic Acid, Lactic Acid, Fumaric Acid,
Propionic Acid & Other Acids Markets for 2000, 2005 & 2010
(includes corresponding Graph/Chart) III-41

IV. COMPETITION

1. Adiquim S.A. (Colombia) IV-1
2. AGIL Limited (UK) IV-3
3. Ajinomoto Co., Inc. (Japan) IV-4
Ajinomoto USA, Inc. (USA) IV-10
4. Alltech, Inc. (USA) IV-11
Alltech UK (UK) IV-12
5. American Biosystems, Inc. (USA) IV-13
6. Andres Pintaluba SA (Spain) IV-13
7. Archer Daniels Midland Company (USA) IV-14
Table 48: Annual Sales Analysis: 2004-2006 (In US$
million) IV-15

Table 49: Annual Sales Analysis by Quarter: 2005-2006
(In US$ million) IV-16

Table 50: Annual Sales Analysis by Quarter: 2004-2005
(In US$ million) IV-16

Table 51: Annual Sales Analysis by Segment: 2004-2005
(In US$ million) IV-16

Table 52: Annual Sales Analysis by Geographic Region:
2004-2005 (In US$ million) IV-16
8. Ascor Chimici (Italy) IV-22
9. BASF Aktiengesellschaft (AG) (Germany) IV-23
Table 53: First Quarter Sales Analysis: 2005-2006(Q1)
(In € billion) IV-28

Table 54: Annual Sales Analysis: 2003-2005 (In €
billion) IV-28

Table 55: Annual Sales Analysis by Quarter: 2003-2004
(In € billion) IV-29

Table 56: Annual Sales Analysis by Segment: 2003-2004
(In € billion) IV-29

Table 57: Annual Sales Analysis by Geographic Region:
2003-2004 (In € billion) IV-29
BASF Corporation (USA) IV-48
10. Biomin GTI GmbH (Austria) IV-60
11. Biovet SA Laboratories (Spain) IV-61
12. Brookside Agra L.C. (USA) IV-62
13. Cargill, Inc. (USA) IV-64
Cargill Fertilizer , Inc. (USA) IV-75
14. Cenzone Tech, Inc. (USA) IV-76
15. Citrex, Inc. (USA) IV-78
16. DSM NV (The Netherlands) IV-79
DSM Nutritional Products (The Netherlands) IV-85
17. Eastman Chemical Company (USA) IV-87
Table 58: Half Yearly Sales Analysis: 2005-2006 (H1)
(In US$ million) IV-89

Table 59: Half Yearly Sales Analysis by Quarter:
2005-2006 (H1) (In US$ million) IV-89

Table 60: Half Yearly Sales Analysis by Segment:
2005-2006 (H1) (In US$ million) IV-90

Table 61: Half Yearly Sales Analysis by Geographic
Region: 2005-2006 (H1) (In US$ million) IV-90

Table 62: Annual Sales Analysis: 2004-2005 (In US$
million) IV-90

Table 63: Annual Sales Analysis by Quarter: 2004-2005
(In US$ million) IV-90

Table 64: Annual Sales Analysis by Segment: 2004-2005
(In US$ million) IV-91

Table 65: Annual Sales Analysis by Geographic Region:
2004-2005 (In US$ million) IV-91
18. Exquim SA (Spain) IV-95
19. Furst-Mcness Company (USA) IV-95
20. Guybro Chemical (India) IV-96
21. Harbin Weilida Pharmaceutical Co., Ltd. (Korea) IV-96
22. Helm AG (Germany) IV-97
Table 66: Annual Sales Analysis: 2004-2005 (In €
million) IV-98
23. Impextraco (Belgium) IV-100
24. Indo-Egyptian Fertilizer Company (Egypt) IV-101
25. Inve Technologies (Belgium) IV-101
26. Itpsa (Spain) IV-102
27. JR Simplot Company (USA) IV-103
Simplot Agribusiness (USA) IV-104
28. Jefo Nutrition, Inc. (Canada) IV-105
Jefo Europe Sarl (France) IV-105
29. Kemin Industries, Inc. (USA) IV-106
Kemin Europa NV (Belgium) IV-107
30. Kemira Oyj (Finland) IV-108
Table 67: Half Yearly Sales Analysis: 2005-2006 (H1)
(In € million) IV-109

Table 68: Annual Sales Analysis: 2004-2005 (In €
million) IV-109
Kemira Growhow Oy (Finland) IV-114
Table 69: Half Yearly Sales Analysis: 2005-2006 (H1)
(In € million) IV-115

Table 70: Half Yearly Sales Analysis by Segment:
2005-2006 (H1) (In € million) IV-115

Table 71: Annual Sales Analysis: 2003-2005 (In €
million) IV-115
Kemira Kemi AB (Sweden) IV-117
Kemira Chemsolutions BV (The Netherlands) IV-118
31. Lallemand, Inc. (Canada) IV-119
32. Loders Croklaan Group BV (The Netherlands) IV-121
33. Lonza, Inc. (USA) IV-122
34. Lucta SA (Spain) IV-124
35. Novus International, Inc. (USA) IV-125
36. Nutra-Flo Company (USA) IV-127
37. Nutri-AD International NV (Belgium) IV-128
38. Nutribio Ltd. (Ireland) IV-128
39. Perstorp AB (Sweden) IV-129
40. Pestell Group (THE) (Canada) IV-137
Pestell Minerals & Ingredients (Canada) IV-138
41. Philippine Phosphate Fertilizer Corporation (Philippines) IV-140
42. Phosphate Resource Partners Limited Partnership (USA) IV-141
43. Potash Corporation (Canada) IV-142
Table 72: First Quarter Sales Analysis: 2005-2006 (Q1)
(In US$ million) IV-143

Table 73: First Quarter Sales Analysis by Business
Segment: 2005-2006 (Q1) (In US$ million) IV-143

Table 74: Quarterly Sales Analysis: 2004-2005 (In US$
million) IV-144

Table 75: Annual Sales Analysis by Business Segment:
2004-2005 (In US$ million) IV-144

Table 76: Annual Sales Analysis By Geographical
Segment: 2004-2005 (In US$ million) IV-144
44. Premex, Inc. (USA) IV-146
45. Prince Agri Products, Inc. (USA) IV-147
46. Purac Biochem BV (The Netherlands) IV-148
Purac America (USA) IV-148
47. Qiaoji Group (China) IV-150
48. Quaron N.V. (The Netherlands) IV-153
49. Rhodia SA (France) IV-154
50. Sap International Corporation SA (Belgium) IV-158
51. Societe Pakistan Maroc Phosphore (Morocco) IV-159
52. Speerstra Feed Ingredients BV (The Netherlands) IV-159
53. Techkorm (Russia) IV-160
54. Tessenderlo Chemie NV (Belgium) IV-160
55. The Mosaic Company (USA) IV-161
Table 77: Nine Months Sales Analysis: 2005-2006 (Nine
Months Ended, February) (In US$ million) IV-162

Table 78: Nine Months Sales Analysis by Business
Segment: 2005-2006 (Nine Months Ended, February) (In
US$ million) IV-162

Table 79: Nine Months Sales Analysis by Geographical
Region: 2005-2006 (Nine Months Ended, February) (In US$
million) IV-162

Table 80: Quarterly Sales Analysis: 2004-2005 (In US$
million) IV-163

Table 81: Annual Sales Analysis by Business Segment:
2004-2005 (In US$ million) IV-163

Table 82: Annual Sales Analysis by Geographical Region:
2004-2005 (In US$ million) IV-163
56. Tolsa Group (Spain) IV-165
57. Trouw Nutrition International (The Netherlands) IV-166
58. Vitamex (Belgium) IV-168
59. Yunnan Chengjiang Phosphate Development Co., Ltd. (China) IV-168
60. Zibo Fengbao Chemical Co., Ltd. (China) IV-169