Feed Acidulants Market Research Report—Forecast till 2030

Global Feed Acidulants Market Research Report: Information by Type (Lactic Acid, Formic Acid, Propionic Acid, Malic Acid, Citric Acid, Sorbic Acid, Acetic Acid), Form, Application (Ruminants, Poultry, Swine, Aquaculture), and Region—Forecast till 2030

ID: MRFR/AGR/6160-HCR | January 2023 | Region: Global | 90 Pages         

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Feed Acidulants Market

Feed acidulants market size is projected to reach approximately USD 4.56 billion by 2030, at a CAGR of 6.80% from 2022 to 2030.

Segmentation
By Type Lactic Acid Formic Acid Propionic Acid Malic Acid Citric Acid Sorbic Acid Acetic Acid
By Form Dry Liquid
By Application Ruminants Poultry Swine Aquaculture Others
By Region North America Europe Asia-Pacific Rest Of The World
Key Players
Companies Profiled   Jefo Nutrition Inc.    BASF SE    Novus International    Yara    Kemin Industries Inc.    Kemira Oyj    Peterlabs Holding    Biomin Holding GmbH    Anpario Plc    Nutrex NV    Tate & Lyle
Drivers
Market Driving Forces   High consumption of animal-based products    Increasing awareness regarding the importance of healthy livestock feed    Government initiatives to promote the animal feed industry
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Market Scenario


Feed acidulants market is projected to register a CAGR of 6.80% and reach a value of USD 4.56 billion by 2030. Feed acidulants are substances that are added to animal feed to enhance flavor, consistency, shelf life, and solubility rate. They act as buffer components in feed formulations by lowering the pH level and enhancing feed solubility. The global feed acidulants market is expected to register a significant growth rate during the forecast period owing to the high consumption of animal-based products, increasing awareness regarding the importance of healthy livestock feed, and government initiatives to promote the animal feed industry. However, the rising prices of feed acidulants are hampering the growth of the market.


Prominent players in the market are focusing on product innovation and geographic expansion as key strategies to gain a competitive edge over rivals. Feed acidulant manufacturers are focusing on launching organic products to cater to the rising demand for organic products. For instance, in July 2021, BASF SE launched Lupro-Cid NA, a low-corrosive organic acid that helps in obtaining high-quality silage. Moreover, the adoption of encapsulation technology in the animal feed industry is expected to offer profitable opportunities to market players in the coming years.


Segmentation


The global feed acidulants market has been segmented based on type, form, application, and region.


Based on type, the global feed acidulants market has been divided into lactic acid, formic acid, propionic acid, malic acid, citric acid, sorbic acid, acetic acid, and others.


The global feed acidulants market has also been bifurcated, on the basis of form, into dry and liquid.


By application, the global feed acidulants market has been categorized as ruminants, poultry, swine, aquaculture, and others.


The global feed acidulants market has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world.


The North American feed acidulants market has further been segmented into the US, Canada, and Mexico. The European feed acidulants market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe. The feed acidulants market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The feed acidulants market in the rest of the world has been segmented into South America, the Middle East, and Africa.


Key Players


Jefo Nutrition Inc. (Canada), BASF SE (Germany), Novus International (US), Yara (Norway), Kemin Industries Inc. (US), Kemira Oyj (Finland), Peterlabs Holding (Malaysia), Biomin Holding GmbH (Austria), Anpario plc (UK), Nutrex NV (Belgium), and Tate & Lyle (UK) are some of the key players in the global feed acidulants market.


Regional Market Summary


Global Feed Acidulants Market Share (%), by Region, 2021


Feed Acidulants Market


Form: Secondary Sources and MRFR Analysis


Asia-Pacific is projected to dominate the feed acidulants market during the forecast period due to the increasing consumption of animal-based products such as meat, eggs, and milk in the region. To increase the production of high-quality meat, milk, and poultry products, farmers provide livestock with fortified feed, which is boosting the demand for feed acidulants in the region.


Global Feed Acidulants Market, by Type



  • Lactic Acid

  • Formic Acid

  • Propionic Acid

  • Malic Acid

  • Citric Acid

  • Sorbic Acid

  • Acetic Acid

  • Others


Global Feed Acidulants Market, by Form



  • Dry

  • Liquid


Global Feed Acidulants Market, by Application



  • Ruminants

  • Poultry

  • Swine

  • Aquaculture

  • Others


Global Feed Acidulants Market, by Region


North America

  • US

  • Canada

  • Mexico


Europe

  • Germany

  • France

  • Italy

  • Spain

  • UK

  • Rest of Europe


Asia-Pacific

  • Japan

  • China

  • India

  • Australia and New Zealand

  • Rest of Asia-Pacific


Rest of the World (RoW)

  • South America

  • Middle East

  • Africa


Key Players in the Global Feed Acidulants Market



  • Jefo Nutrition Inc. (Canada)

  • BASF SE (Germany)

  • Novus International (US)

  • Yara (Norway)

  • Kemin Industries Inc. (US)

  • Kemira Oyj (Finland)

  • Peterlabs Holding (Malaysia)

  • Biomin Holding GmbH (Austria)

  • Anpario plc (UK)

  • Nutrex NV (Belgium)

  • Tate & Lyle (UK)


Intended Audience



  • Feed acidulants producers/processors

  • Food & beverage manufacturers

  • Feed manufacturers

  • Raw material suppliers and distributors

  • Traders, exporters, and importers



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 4.56 Billion
  CAGR   6.80%
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Type, Form, Application, and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Jefo Nutrition Inc. (Canada), BASF SE (Germany), Novus International (US), Yara (Norway), Kemin Industries Inc. (US), Kemira Oyj (Finland), Peterlabs Holding (Malaysia), Biomin Holding GmbH (Austria), Anpario plc (UK), Nutrex NV (Belgium), and Tate & Lyle (UK)
  Key Market Opportunities   Adoption of encapsulation technology in the animal feed industry
  Key Market Drivers   High consumption of animal-based products, Increasing awareness regarding the importance of healthy livestock feed, Government initiatives to promote the animal feed industry


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Frequently Asked Questions (FAQ) :

The global feed acidulants market is growing at a CAGR of 6.80% over the forecast period.

Feed acidulants market is estimated to reach USD 4.56 billion by the year 2030.

The major contenders in the global market are Jefo Nutrition Inc., BASF SE, Novus International, Yara, Kemin Industries Inc., Kemira Oyj, Peterlabs Holding, Biomin Holding GmbH, Anpario Plc, Nutrex NV, and Tate & Lyle.

Asia-Pacific region can lead in the feed acidulants industry.