Feed Acidulants Market by Type (Propionic Acid, Formic Acid, Citric Acid, Lactic Acid, Sorbic Acid, Malic Acid, and Acetic Acid), Animal Type (Poultry, Ruminants, Swine, Aquaculture, Pets, and Equine), Compound, Form and Region - Global Forecast to 2028
[269 Pages Report] The global feed acidulants market is estimated to be valued at USD 3.4 billion in 2023. It is projected to reach USD 4.7 billion by 2028, recording a CAGR of 6.2% during the forecast period. Feed acidulants have gained immense popularity in recent years due to their numerous benefits for animal health and productivity. These acidulants are added to animal feed to reduce the pH level and create a more acidic environment in the gut. This, in turn, improves nutrient absorption, enhances digestive efficiency, and prevents the growth of harmful bacteria, resulting in better animal health and performance. The global feed acidulants market is expected to grow at a significant pace in the coming years, owing to several factors that are driving the demand for these additives.
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Market Dynamics
Drivers: High threat of disease in livestock
The high threat of disease in livestock has been a major driving force behind the growth of the feed acidulants market. Livestock are susceptible to a range of diseases, including bacterial infections, viral infections, and parasitic infestations, which can result in significant economic losses for farmers and the wider agricultural industry. Feed acidulants are effective in reducing the risk of disease in livestock by creating a more acidic environment in the gut, which can inhibit the growth of harmful microorganisms. This has led to increased demand for feed acidulants as a preventative measure to protect livestock health and improve productivity. The feed acidulants market is expected to continue to grow as farmers seek new ways to improve animal health and welfare and ensure the safety and quality of animal products for consumers.
Restraints: Increasing prices of feed acidulants
The feed acidulants market has been experiencing steady growth over the past few years, driven by the increasing demand for animal protein and the need to improve feed efficiency and animal health. However, one major factor that is limiting the growth of this market is the rising prices of feed acidulants. Feed acidulants are widely used in animal feed to promote digestion and prevent the growth of harmful bacteria in the gut. They are typically made from organic acids such as formic acid, propionic acid, and lactic acid. However, the prices of these acids have been steadily increasing due to several factors, including raw material costs, transportation costs, and regulatory pressures. As a result, the cost of feed acidulants has risen significantly, which has made it more difficult for farmers to afford them. This has led to a slowdown in the growth of the feed acidulants market, as many farmers are now looking for alternative solutions that are more cost-effective.
Opportunities: Innovation in encapsulation used in feed acidulants
The encapsulation process presents significant opportunities for the feed acidulants market, as it offers several benefits such as improved stability, controlled release, and targeted delivery. Encapsulation is the process of enclosing a substance within a protective shell or coating, which can protect the substance from degradation or damage and control its release. In the feed acidulants market, encapsulation can be used to protect organic acids from degradation in the feed or gut and to deliver them more effectively to the target site. This can improve the efficacy of the acidulants, reduce dosage requirements, and lower overall costs.
Challenges: Efficacy maintenance in feed acidulants
The major challenge in maintaining the efficacy of feed acidulants is their susceptibility to degradation in the feed or gut. Organic acids such as formic acid, propionic acid, and lactic acid can be rapidly degraded by microbial activity in the gut, which can reduce their effectiveness in controlling bacterial growth and promoting digestion. This can result in reduced animal performance and increased susceptibility to disease. To maintain the efficacy of feed acidulants, it is important to optimize their dosage and delivery methods and to ensure that they are protected from degradation in the feed or gut. Overall, addressing the challenge of maintaining the efficacy of feed acidulants is crucial for ensuring their continued use in animal feed and improving animal health and performance.
Feed Acidulants Market Ecosystem
Prominent companies in this market include well-established, financially stable manufacturers of feed acidulants. These companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art technologies, and strong global sales and marketing networks. Prominent companies in this market are Yara (Norway), Eastman Chemical Company(US), Corbion (Netherlands), BASF (Germany), and DSM (Netherlands).
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Formic acid by type in the feed acidulants market is projected to grow at the highest CAGR during the forecast period
The market growth of formic acids used as feed acidulants has been increasing in recent years. Formic acid is a widely used feed acidulant that has been shown to have a positive effect on animal health and performance. It is a strong acid that can reduce the pH in the gut, inhibiting the growth of harmful bacteria and improving feed digestion. Formic acid can also enhance nutrient absorption, reduce the incidence of diarrhea and respiratory diseases, and improve feed conversion efficiency. Factors influencing the market growth of formic acid in the feed acidulants market include its increasing demand from the poultry industry, as well as its proven efficacy and cost-effectiveness.
Feed efficiency by function segment is estimated to be the second largest segment over the forecasted period
The feed efficiency function of feed acidulants is a key factor driving the growth of the feed acidulants market. Feed acidulants can help improve feed efficiency by promoting digestion and nutrient absorption, reducing the incidence of gastrointestinal disorders, and enhancing the microbial balance in the gut. This can lead to improved animal performance, higher growth rates, and better feed conversion ratios. Improved feed efficiency is particularly important in the livestock industry, as it can help reduce feed costs and increase profitability.
Asia Pacific is projected to be the largest region in the feed acidulants market, in 2022; it is anticipated to grow at a significant CAGR
Government funds and initiatives are playing a significant role in driving the growth of the feed acidulants market in the Asia Pacific. Governments in the region are investing in research and development programs to improve the efficacy and safety of feed acidulants and to promote their use in animal feed. The aim is to improve animal health and welfare, reduce the environmental impact of livestock production, and enhance the sustainability of the industry.
In China, the Ministry of Agriculture and Rural Affairs has established research centers to promote the development of new feed additives, while in India, the government has set up a task force to study the use of feed additives in animal feed. In addition, regulations and standards have been introduced in many countries to ensure the safety and efficacy of feed acidulants, and to promote their use in animal feed. Overall, government funds and initiatives are expected to continue to support the growth of the feed acidulants market in Asia Pacific, by promoting research and development, encouraging innovation, and improving the sustainability and competitiveness of the industry.
Key Market Players
The key players in this market include BASF SE (Germany), Yara (Norway), Eastman Chemical Company (US), DSM (Netherlands), Corbion (Netherlands), and Perstorp (Sweden).
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Report Metric |
Details |
Market size available for years |
2018–2028 |
Base year considered |
2022 |
Forecast period considered |
2023–2028 |
Units considered |
Value (USD), Volume (KT) |
Segments covered |
By type, compound, form, function, animal type, and region |
Regions covered |
North America, Asia Pacific, Europe, South America, and RoW |
Companies studied |
|
This research report categorizes the feed acidulants market, based on type, form, compound, function, animal type, and region
By Type
- Propionic acid
- Formic acid
- Citric acid
- Lactic acid
- Sorbic acid
- Malic acid
- Acetic acid
- Other Types
By Compound
- Blended Compound
- Single Compound
By Form
- Dry
- Liquid
By Function
- pH Control
- Feed efficiency
- Flavor
By Animal Type
-
Poultry
- Broilers
- Layers
- Breeders
-
Swine
- Starters
- Growers
- Sows
-
Ruminants
- Dairy Cattle
- Beef Cattle
- Other ruminants
-
Pets
- Dogs
- Cats
- Other pets
- Aquaculture
- Equine
By Region
- North America
- Europe
- Asia Pacific
- South America
- Rest of the World (RoW)
Recent Developments
- In May 2022, Kemin Industries, Inc. (US) expanded the company’s presence in Mexico and Central American regions by opening new offices and a distribution center in Mexico based in Guadalajara, Jalisco.
- In November 2020, DSM (Netherlands) strengthened its geographical footprint in the South Asian market by opening a new facility in China. The expansion was done to promote and sell their animal nutrition & health products.
- In October 2020, ADDCON GmbH (Germany) launched AQUAFORM 3G in Ecuador. This helped the company to further strengthen its acidifier portfolio in aquaculture and gain more market share in Ecuador.
Frequently Asked Questions (FAQ):
Which region is projected to have the fastest growth in the feed acidulants market?
South America is projected to be the fastest-growing region in the feed acidulants market with a significant CAGR during the forecast period; it is also estimated to have a significant value in 2023.
What is the current size of the global feed acidulants market? What are the market drivers?
The global feed acidulants market is estimated to be valued at USD 3.49 Billion in 2023. It is projected to reach USD 4.72 Billion by 2028, recording a CAGR of 6.2% during the forecast period.
Increase in consumption of meat and dairy products.
Which are the key players in the market, and how intense is the competition?
Key players in this market include BASF SE (Germany), Yara (Norway), Eastman Chemical Company (US), DSM (Netherlands), Corbion (Netherlands), and Perstorp (Sweden). Since feed acidulants are a fast-growing market, with a lot of unexplored potentials, the existing players are fixated on expanding their production capacities, while startups are being established rapidly. The feed acidulants market can be classified as a competitive market as it has a mix of both large and small number players and none of them account for a major part of the market share. The large players are present at the global level, and unorganized players are present at the local level in several countries.
What are the restraining factors limiting growth in the feed acidulants market?
The continuously rising prices of feed acidulants are limiting the growth in the market.
Which acid type is projected to dominate the feed acidulants market?
Propionic acid type is projected to dominate the feed acidulants market.
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The study involved four major activities in estimating the current size of the feed acidulants market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
Secondary sources referred to for this research study include financial statements of companies offering feed acidulants and information from various trade, business, and professional associations. The secondary data was collected and analyzed to arrive at the overall size of the feed acidulants market, which was validated by the primary respondent.
Primary Research
In the primary research process, various sources from the supply and demand sides were interviewed to obtain qualitative and quantitative information. The primary sources from the supply side included industry experts such as CEOs, vice presidents, marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the feed acidulants market.
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Market Size Estimation
- Both the top-down and bottom-up approaches were used to estimate and validate the total size of the feed acidulants market. These methods were also used extensively to estimate the size of the various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry and market have been identified through extensive secondary research.
- The revenues of major feed acidulants-based food and feed manufacturers were determined through primary and secondary research, such as paid databases, which were used as the basis for market estimation.
- All macroeconomic and microeconomic factors affecting the growth of the feed acidulants market were considered while estimating the market size.
- All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain final quantitative and qualitative data.
Market Size Estimation Methodology: Bottom-Up Approach
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Market Size Estimation Methodology: Top-Down Approach
Data Triangulation
After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, data triangulation and market breakdown procedures were employed wherever applicable. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using the top-down and bottom-up approaches.
Market Definition
- Feed acidulants are compounds that have acidic properties and are mixed in feed. These acidulants help regulate the pH value of the feed and promote a healthy gut while improving its growth. Feed acidulants are combined with basic feed mix/ration to help with livestock weight gain, improvement in feed digestion, prevention of diseases, and to enable the conversion of feed into nutrients.
Key Stakeholders
- Regulatory bodies
- World Health Organization (WHO)
- American Feed Industry Association (AFIA)
- European Feed Manufacturers' Federation (FEFAC)
- EU Association of Specialty Feed Ingredients and their Mixtures (FEFNA)
- International Feed Industry Federation (IFIF)
- Government agencies
- Intermediary suppliers such as traders, distributors, and suppliers of feed acidulants and feed
- Feed manufacturers & suppliers
- Associations and industry bodies
- Feed acidulant manufacturers and suppliers
- Feed acidulant traders and distributors
- Commercial research & development (R&D) institutions
- Government and research organizations
- Technology providers to feed acidulant companies
Report Objectives
- To define, segment, and project the global market for feed acidulants on the basis of type, form, compound, function, animal type, and region
- To provide detailed information regarding the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- To strategically analyze the micromarkets with respect to individual growth trends, future prospects, and their contribution to the total market
- To analyze the opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
- To project the size of the market and its submarkets, in terms of value and volume, with respect to the regions (along with the key countries)
- To strategically profile the key players and comprehensively analyze their market position and core competencies
- To analyze the competitive developments such as joint ventures, mergers & acquisitions, new product developments, and research & developments in the feed acidulants market
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.
The following customization options are available for the report:
Product Analysis
- Product Matrix, which gives a detailed comparison of the product portfolio of each company
Geographic Analysis
With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.
- Further breakdown of the Rest of Europe region for feed acidulants market into Russia, Belgium, the Netherlands, and Denmark.
- Further breakdown of the Asia Pacific region for feed acidulants market into Indonesia, Australia, South Korea, Singapore, and Malaysia.
- Further breakdown of other countries in the South American region for feed acidulants market into Colombia, Peru, Chile, and Venezuela.
- Further breakdown of other countries in the RoW market for feed acidulants market into Middle East and Africa.
Company Information
- Detailed analyses and profiling of additional market players (up to five)
Growth opportunities and latent adjacency in Feed Acidulants Market
Which pets are considered for this report?