USD 10.99 billion
Report ID: SQSG30C2023 | Region: Global | Published Date: September, 2022 | Pages: 245 | Tables: 67 | Figures: 74
Feed Organic Acids Market size was valued at USD 10.99 billion in 2021 and is poised to grow from USD 11.64 billion in 2022 to USD 18.29 billion by 2030, growing at a CAGR of 5.8% in the forecast period (2023-2030).
Eliminating the use of antibiotics in animal feed impacts negatively the animals' lives due to an increase in dysbacteriosis and other disorders. Furthermore, disease-related mortality contributes to 10% to 20% of developed countries' production costs. Several feed additives, including prebiotics, probiotics, acidic compounds, competitive exclusion products, herbs, essential oils, and bacteriophages, are currently being presented as viable alternatives to antibiotics in animal feed. However, organic acid-based compounds have the potential to serve as antibiotic substitutes. Improved feed performance has been connected to the use of organic acids, which have been proven to impact the composition of the microbiome by altering the pH of the gastrointestinal tract. During the projected period, these factors are anticipated to boost the market for feed organic acids.
US Feed Organic Acids Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 10.99 billion
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The global feed organic acids Market is segmented based on type, application, and region. Based on type, the market is segmented into lactic acid, acetic acid, formic acid, citric acid, and other acids. Based on application, the Feed Organic Acids Market is segmented into ruminants, swine, poultry, aquatic animals, and other animal types. Based on region, the global Feed Organic Acids market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Feed Organic Acids Market Analysis by Type
In 2021, the formic acid segment accounted for the largest market share more than 19% in the feed organic acid market globally, and the lactic acid segment is predicted to be the fastest growing segment during the forecast period. Increasing awareness regarding the side effects of antibiotics-fed animal byproducts on human health is increasing the demand for antibiotic-free byproducts such as meat and milk. These are the major reasons for increasing the demand for organic acids in animal feed as it has antibiotic properties for fighting against diseases and also maintain the nutritive content of the feed for a longer duration which makes it a perfect choice to replace antibiotics in feed. These are some of the key factors driving the demand for the feed organic acid market during the analysis period.
Feed Organic Acids Market Analysis by Application
In 2021, the poultry sector accounted for the largest market share in the feed organic acid market and swine feed is the fastest growing sector predicted during the analysis period. Increasing demand for antibiotics-free meat and eggs is the major reason for this dominance and growing awareness among the masses will propel the demand further during the analysis period. The swine feed sector will witness the fastest growth a 5.46% CAGR during the analysis period due to increasing consumption of pork in developing countries which will drive the demand of the feed organic acid market and propel the growth through the analysis period.
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Asia-Pacific held the highest share of the worldwide feed organic acid market in 2021 and is anticipated to maintain its dominance during the forecast period. The rising demand for antibiotic-free meat and other dairy products in developing nations such as China, India, and Japan are the primary factor driving the need for conventional feed alternatives containing antibiotics and the expansion of the feed organic acid market. Changing government laws regulating the use of antibiotics are becoming more stringent, which will lower the use of antibiotics in feed and raise the usage of feed organic acid as a significant feed additive, propelling the market throughout the projection period.
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Feed Organic Acids Market Driver
Growing demand for antibiotics-free animal byproducts is the major driver for the use of feed organic acid.
Feed Organic Acids Market Restraint
The use of organic acid use increases the cost of feed and also increases the cost of animal byproducts are major restraints.
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The feed organic acids market is relatively fragmented, with a high level of competition. Few large players, like ABB Ltd, Honeywell, and Kiva Systems, now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability.
Feed Organic Acids Market Top Player’s Company Profiles
Feed Organic Acids Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, increasing awareness regarding the side effects of antibiotics-fed animal byproducts on human health is increasing the demand for antibiotic-free meat and milk. Organic acids have been proven to impact the composition of the microbiome by altering the pH of the gastrointestinal tract. Several feed additives, including prebiotics, probiotics, acidic compounds, competitive exclusion products, herbs, essential oils, and bacteriophages, are currently being presented as viable alternatives to antibiotics in animal feed. These are the major reasons for increasing the demand for organic acids in animal feed as it has antibiotic properties for fighting against diseases and also maintain the nutritive content of the feed for a longer duration which makes it a perfect choice to replace antibiotics in feed. Asia-Pacific held the highest share of the worldwide feed organic acid market in 2021. The increasing demand for antibiotics-free meat and eggs is the major reason for this dominance. The swine feed sector will witness the fastest growth a 5.46% CAGR during the analysis period. Changing government laws regulating the use of antibiotics are becoming more stringent.
|Market size value in 2021||USD 10.99 billion|
|Market size value in 2030||USD 11.64 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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For the Global Feed Organic Acids Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Feed Organic Acids Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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