Feed Acidulants Market

[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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Scope of the Report

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.

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