What is the global market size of Feed Acidulants Market?

Feed Acidulants Market size was valued at USD 2.36 billion in 2021 and is poised to grow from USD 2.52 billion in 2022 to USD 4.56 billion by 2030, growing at a CAGR of 6.85% in the forecast period (2023-2030).

Global Feed Acidulants Market Size, Share, Growth Analysis, By Type(Propionic Acid, Formic Acid), By Animal Type(Poultry, Ruminants), By Form(Dry, Liquid), By Function(pH control, Feed Efficiency) - Industry Forecast 2024-2031

Report ID: SQMIG30C2106 | Region: Global | Published Date: February, 2024
Pages: 250 | Tables: 124 | Figures: 77

Global Feed Acidulants Market Competitive Landscape

Feed Acidulants Market Top Players' Company Profiles

Yara International ASA (Norway)
Anpario plc (UK)
BASF SE
ADM Animal Nutrition
Nutreco N.V.
Kemin Industries, Inc.
Biomin Holding GmbH
Perstorp Holding AB
Corbion NV
Impextraco NV
Pancosma SA
Novus International, Inc.
Eastman Chemical Company
Tate & Lyle PLC
Cargill, Inc.
Evonik Industries AG
Danisco A/S (DuPont Nutrition & Biosciences)
Archer Daniels Midland Company
Chr. Hansen Holding A/S
Phibro Animal Health Corporation

Global Feed Acidulants Market Report Snapshots

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Feed Acidulants Market size was valued at USD 2.36 billion in 2019 and is poised to grow from USD 2.52 billion in 2023 to USD 4.56 billion by 2031, growing at a CAGR of 6.85% in the forecast period (2024-2031).

The feed acidulants market is fragmented in nature. The prominent players operating in the market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions. 'Yara International ASA (Norway)', 'Anpario plc (UK)', 'BASF SE', 'ADM Animal Nutrition', 'Nutreco N.V.', 'Kemin Industries, Inc.', 'Biomin Holding GmbH', 'Perstorp Holding AB', 'Corbion NV', 'Impextraco NV', 'Pancosma SA', 'Novus International, Inc.', 'Eastman Chemical Company', 'Tate & Lyle PLC', 'Cargill, Inc.', 'Evonik Industries AG', 'Danisco A/S (DuPont Nutrition & Biosciences)', 'Archer Daniels Midland Company', 'Chr. Hansen Holding A/S', 'Phibro Animal Health Corporation'

Feed acidulants are added to the additives because they aid to improve the taste, serve as an antioxidant, and work well as a preservative. There are both organic and inorganic feed acidulants available. Due to the expansion of animal husbandry and the rising demand for feed additives, acidulants are creating a significant demand in animal feed. By lowering bacteria while maintaining nutritional content, feed acidulants are organic promoters that can be added to feeds to improve feed quality. It encourages animal performance and growth. Feed acidulants can be blended right into a single ingredient or feedstuffs, especially for pigs and poultry.

There are other variables that contribute to expansion, including an increase in the consumption of meat and meat products, rising government funding, and public awareness campaigns about the use of feed acidulants. These are some of the elements that contribute to the market growth for feed acidulants. Increase in the research and development will help in the production of various novel products. It is anticipated that this will open up opportunities for other feed acidulants makers.

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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Global Feed Acidulants Market Size, Share, Growth Analysis, By Type(Propionic Acid, Formic Acid), By Animal Type(Poultry, Ruminants), By Form(Dry, Liquid), By Function(pH control, Feed Efficiency) - Industry Forecast 2024-2031

Global Feed Acidulants Market Competitive Landscape

Global Feed Acidulants Market Report Snapshots

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