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Global Feed Acidulants Market Size By Type, By Livestock, By Form, By Geographic Scope And Forecast


Published on: 2024-08-03 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global Feed Acidulants Market Size By Type, By Livestock, By Form, By Geographic Scope And Forecast

Feed Acidulants Market Size And Forecast

Feed Acidulants Market size was valued at USD 2.94 Billion in 2023 and is projected to reach USD 4.33 Billion By 2031, growing at a CAGR of 4.97% during the forecast period 2024 to 2031.

The Feed Acidulants Market encompasses the global trade and consumption of acidulants utilized in animal feed formulations. Acidulants, including organic acids such as citric acid, formic acid, and propionic acid, as well as inorganic acids like phosphoric acid, are added to animal diets primarily to optimize digestive health, enhance nutrient utilization, and mitigate the risk of microbial contamination. The market includes both liquid and dry forms of acidulants, catering to diverse livestock species such as poultry, swine, ruminants, and aquaculture. Key applications include feed preservation, pathogen control, and pH modulation in the gastrointestinal tract, fostering improved animal performance and overall productivity.

Global Feed Acidulants Market Drivers

The market drivers for the Feed Acidulants Market can be influenced by various factors. These may include

  • Need for Animal Protein There is a growing need for animal protein as the world’s population and earnings rise. Because of this, effective methods of raising animals are required, including the application of feed acidulants to enhance feed efficiency and protect the health of the animals.
  • Growing Concerns for Animal Health and Performance As the significance of animal health and performance becomes more widely recognized, farmers are using feed acidulants more frequently to improve feed formulations, improve nutrient absorption, and encourage higher growth rates and feed conversion ratios.
  • Emphasis on Food Safety and Quality People are starting to care more about the safety and caliber of the food that comes from animals. Feed acidulants are essential for preserving the pH equilibrium in animals’ digestive systems, lowering the chance of pathogen development, and enhancing the security and caliber of goods derived from animals.
  • Regulatory Pressures The use of antibiotics and other growth-promoting chemicals in animal feed is subject to tighter controls from regulatory bodies all over the world. Feed acidulants are becoming more and more popular in the market since they provide a good substitute for antibiotics in terms of enhancing animal performance.
  • Technological Developments As feed acidulant compositions continue to be refined via research and development, more effective and efficient products are being created. This incentivizes farmers to implement these technologies in order to improve their enterprises’ profitability and productivity.
  • Growing animal output Rising urbanization and dietary changes toward diets higher in protein are driving greater animal output in emerging economies. Feed acidulants aid in addressing issues like disease control, feed efficiency, and environmental sustainability that arise with expanding animal production systems.
  • Expanding Trend of Feed Optimization Livestock producers are increasingly focusing on optimizing feed formulas to achieve optimal efficiency and cost-effectiveness. Feed acidulants help producers accomplish these objectives by increasing animal performance overall, decreasing feed waste, and optimizing nutrient usage.
  • Growing Aquaculture Sector In response to the rising demand for seafood, the aquaculture sector is expanding significantly. The demand for aquafeed products in the market is driven by the widespread use of feed acidulants in feed formulations to enhance feed palatability, nutrient digestibility, and disease resistance in farmed fish and shrimp.

Global Feed Acidulants Market Restraints

Several factors can act as restraints or challenges for the Feed Acidulants Market. These may include

  • Tight laws Tight laws pertaining to the use of additives in animal feed might provide difficulties, even as they are encouraging the adoption of feed acidulants and increasing food safety. Development and marketing of feed acidulant products become more difficult and expensive due to regulatory standards.
  • Limited Knowledge and Education Farmers and livestock producers may not be as knowledgeable of feed acidulants’ correct application and advantages as they should be, despite the fact that they can improve animal health and performance. Because potential customers could not completely comprehend the value proposition of these items, this could impede market expansion.
  • Alternative Feed additions Probiotics, prebiotics, enzymes, and antimicrobials are just a few of the additions available in the feed industry that compete with feed acidulants for consumers’ attention. Instead of using feed acidulants, producers may choose to use alternative additives according on their particular farm management strategies and animal health objectives.
  • Cost considerations In the agriculture industry, cost has a big impact on what people decide to buy. Depending on the formulation and dosage, feed acidulants may cost farmers more money. This may discourage adoption in markets where costs are a factor, particularly if the advantages are not thought to exceed the drawbacks.
  • Disruptions in the supply chain Can be brought about by pandemics, natural disasters, or geopolitical unrest. These events might affect feed acidulants’ accessibility and cost. Variations in the cost of transportation, trade regulations, and raw material pricing can also have an impact on market dynamics and impede industrial expansion.
  • Fears of Overuse and Resistance The agricultural community is worried that excessive use of feed additives, such as acidulants, could result in environmental contamination and microbial resistance. Because of this, some farmers might be hesitant to use these products in their feeding programs and instead choose natural or more sustainable options.
  • Regional Differences in Market Dynamics Cultural customs, culinary choices, and legal frameworks are some of the variables that affect market dynamics and customer preferences in different locations. This may result in differences in the rate at which feed acidulants are adopted, with certain areas seeing slower rates of growth or less market penetration than others.

Global Feed Acidulants Market Segmentation Analysis

The Global Feed Acidulants Market is segmented based on Type, Livestock, Form, and Geography.

Feed Acidulants Market, By Type

  • Organic AcidsThis segment includes acids such as formic acid, citric acid, lactic acid, propionic acid, and others derived from natural sources.
  • Inorganic AcidsInorganic acids like phosphoric acid are also used as feed acidulants, albeit less commonly compared to organic acids.
  • BlendsSome feed acidulant products are blends of multiple organic or inorganic acids, formulated to provide specific benefits in animal nutrition.

Feed Acidulants Market, By Livestock

  • PoultryFeed acidulants are commonly used in poultry diets to improve gut health, nutrient absorption, and overall performance.
  • SwineSwine producers utilize feed acidulants to optimize feed efficiency, control pathogens, and enhance growth rates in pigs.
  • RuminantsWhile less common in ruminant diets compared to monogastric animals, feed acidulants may be used in cattle, sheep, and goats to manage rumen pH and improve digestion.
  • AquacultureThe aquaculture industry employs feed acidulants to enhance feed palatability, nutrient utilization, and disease resistance in farmed fish and shrimp.

Feed Acidulants Market, By Form

  • LiquidLiquid feed acidulants are typically easy to handle and mix into feed formulations, offering precise dosing and uniform distribution.
  • DryDry or powdered feed acidulants may be preferred for certain applications, providing convenience in storage, handling, and transportation.

Feed Acidulants Market, By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

Key Players

The major players in the Feed Acidulants Market are

  • BASF SE
  • Yara
  • Eastman Chemical Company
  • DSM
  • Corbion
  • Perstorp
  • Kemin Industries Inc
  • Novus International Inc
  • BIOMIN Holding GmbH
  • Chr. Hansen Holding A/S

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2020-2031

BASE YEAR

2023

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2020-2022

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

BASF SE, Yara, Eastman Chemical Company, DSM, Corbion, Perstorp, Kemin Industries Inc, Novus International Inc, BIOMIN Holding GmbH, Chr Hansen Holding A/S.

SEGMENTS COVERED

By Type, By Livestock, By Form And By Geography.

CUSTOMIZATION SCOPE

Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope

Analyst’s Take

In conclusion, the Feed Acidulants Market is poised for steady growth over the forecast period, driven by escalating demand for high-quality animal protein, stringent regulations pertaining to feed hygiene and safety, and increasing consumer awareness regarding the role of feed additives in animal health and welfare. Market participants are focusing on product innovation, strategic partnerships, and geographical expansion to gain a competitive edge in this dynamic landscape. Furthermore, the integration of advanced technologies such as encapsulation and controlled-release formulations is anticipated to unlock new avenues of growth and differentiation in the global feed acidulants sector.

Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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Table of Content

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