Global Feed Acidulants Market

Feed Acidulants Market Size, Share, Growth Analysis, By Type(Propionic Acid, Formic Acid, Citric Acid, Lactic Acid), By Animal Type(Poultry, Ruminants, Swine, Aquaculture), By Form(Dry, Liquid), By Function(pH control, Feed Efficiency, Flavor, Others), By Region - Industry Forecast 2024-2031


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

Feed Acidulants Market Insights

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).

Farm animals are given supplements in the form of feed additives. These chemicals make sure that the animals are properly nourished. Fatty acids, vitamins, amino acids, and minerals are examples of feed additives. The majority of these nutrients must come from an outside source because they are not found in the typical diet that these animals eat. Feed acidulants are a different class of additive that is applied to the feed. These acidulants are employed in a variety of sectors, including the food, beverage, pharmaceutical, medical, cosmetic, and animal feed industries. The main purpose of feed acidulants is to improve flavor and taste. 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.

US Feed Acidulants Market is poised to grow at a sustainable CAGR for the next forecast year.

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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

Report ID: SQMIG30C2106

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