Feed Acidulants Market Overview
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.
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.
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.
Feed Acidulants Market Share (%), by Region, 2021
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.
The feed acidulants market is experiencing steady growth driven by its benefits for animal health and production. Here's a look at some recent developments:
| 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 |
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.
Senior Research Analyst I have a bachelor's degree in mechanical engineering and an mba. i have more than two years of expertise in the retail, food, and beverage, chemical, and material industries, and hence have developed a sound cross-domain expertise. a firm believer in lifelong learning and sharing of knowledge. having a proclivity for hatching ideas and trying to absorb as much information as possible in a short amount of time. introducing corporates to the data and insight, which enables them to move from probability to possibility, has been my key areas of interest.
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