USD 2.36 billion
Feed Acidulants Market Size, Share, Growth Analysis, By Type(Propionic Acid, Formic Acid, Citric Acid, Lactic Acid), By Animal Type(Poultry, Ruminants, Swine, Aquaculture), By Form(Dry, Liquid), By Function(pH control, Feed Efficiency, Flavor, Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30C2106 |
Region:
Global |
Published Date: February, 2024
Pages:
250
|Tables:
124
|Figures:
77
Feed Acidulants Market Insights
Feed Acidulants Market size was valued at USD 2.36 billion in 2019 and is poised to grow from USD 2.52 billion in 2023 to USD 4.56 billion by 2031, growing at a CAGR of 6.85% in the forecast period (2024-2031).
Farm animals are given supplements in the form of feed additives. These chemicals make sure that the animals are properly nourished. Fatty acids, vitamins, amino acids, and minerals are examples of feed additives. The majority of these nutrients must come from an outside source because they are not found in the typical diet that these animals eat. Feed acidulants are a different class of additive that is applied to the feed. These acidulants are employed in a variety of sectors, including the food, beverage, pharmaceutical, medical, cosmetic, and animal feed industries. The main purpose of feed acidulants is to improve flavor and taste. Feed acidulants are added to the additives because they aid to improve the taste, serve as an antioxidant, and work well as a preservative. There are both organic and inorganic feed acidulants available. Due to the expansion of animal husbandry and the rising demand for feed additives, acidulants are creating a significant demand in animal feed.
US Feed Acidulants Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Poultry
Fastest Growth
Poultry
Growth Rate
6.85% CAGR
Global Feed Acidulants Market 2021-2028 ($ Mn)
Country Share for Asia-Pacific Region- 2021 (%)
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Feed Acidulants Market Segmental Analysis
The Global Feed Acidulants Market is segmented based on type, animal type, form, function, and region. Based on the type, the feed acidulants market is segmented into propionic acid, formic acid, citric acid, lactic acid, sorbic acid, malic acid, acetic acid, and other. Based on animal type, the feed acidulants market is segmented into poultry, ruminants, swine, aquaculture, and others. Based on the form, the market is segmented into dry and liquid. Based on the function, the market is segmented into pH control, feed efficiency, flavor, and others. Based on the region it is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Feed Acidulants Market Analysis by Form
Based on the form, the feed acidulants market is segmented into dry and liquid. The dry feed acidulant segment of the market is projected to hold the most substantial share in the market during the forecast period. Dry feed acidulants are commonly utilized. Pellets, powder, and crumbled forms of dry feed are all readily accessible. Globally, it is manufactured and eaten in vast quantities. Due to its simplicity of use, storage, and transportation, the majority of feed additive manufacturers on the market only sell their feed acidulant in the dry form. Additionally, dry feed acidulants are frequently employed in animal diets since they are less expensive than liquid feed and require less upkeep. These reasons are expected to cause the category to increase its market share during the forecast period.
Global Feed Acidulants Market By Animal Type, 2021 (%)
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Feed Acidulants Market Regional Insights
The Asia Pacific accounted for the largest feed acidulants market share and is expected to remain the leading consumer of Feed Acidulants in the coming years. The heavy reliance on animal-based food products in dietary patterns in developing countries is a major driving force. The livestock have been under increasing pressure to produce more with less inputs. The market for feed acidulants is dominated by the Asia Pacific area, which is also seeing increased growth in the production of feed and feed additives. The demand for meat and dairy products is expected to rise as a result of the region's rapid economic development in nations like China, India, Japan, and Thailand for both local consumption and exports. For better and higher-quality meat and dairy products, New Zealand and Australia's growing livestock feed consumption has increased the need for feed acidulants. Additionally, the Asia-Pacific region produced more milk than 40% of the world's total. Despite being the largest region in terms of volume and value, consumers come from different economic tiers and have different eating patterns.
Global Feed Acidulants Market By Geography, 2021 - 2028
- Largest
- Fastest
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Feed Acidulants Market Dynamics
Feed Acidulants Market Driver
- Feed acidulants are added to the additives because they aid to improve the taste, serve as an antioxidant, and work well as a preservative. There are both organic and inorganic feed acidulants available. Due to the expansion of animal husbandry and the rising demand for feed additives, acidulants are creating a significant demand in animal feed. By lowering bacteria while maintaining nutritional content, feed acidulants are organic promoters that can be added to feeds to improve feed quality. It encourages animal performance and growth. Feed acidulants can be blended right into a single ingredient or feedstuffs, especially for pigs and poultry.
Feed Acidulants Market Restraint
- The global rise in raw material prices and the stricter government requirements in industrialized nations have a significant impact on the expansion of the compound feed business. The kind and quantity of feed raw materials used in Feed Acidulants are heavily influenced by their cost and nutritional value. With every change in the production and consumption of animals and their products, respectively, the cost of meals made from animal byproducts also varies; which might impact the growth of the market during the forecast period.
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Feed Acidulants Market Competitive Landscape
The feed acidulants market is fragmented in nature. The prominent players operating in the market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions.
Feed Acidulants Market Top Players' Company Profiles
- Yara International ASA (Norway)
- Anpario plc (UK)
- BASF SE
- ADM Animal Nutrition
- Nutreco N.V.
- Kemin Industries, Inc.
- Biomin Holding GmbH
- Perstorp Holding AB
- Corbion NV
- Impextraco NV
- Pancosma SA
- Novus International, Inc.
- Eastman Chemical Company
- Tate & Lyle PLC
- Cargill, Inc.
- Evonik Industries AG
- Danisco A/S (DuPont Nutrition & Biosciences)
- Archer Daniels Midland Company
- Chr. Hansen Holding A/S
- Phibro Animal Health Corporation
Feed Acidulants Key Market Trends
- There are other variables that contribute to expansion, including an increase in the consumption of meat and meat products, rising government funding, and public awareness campaigns about the use of feed acidulants. These are some of the elements that contribute to the market growth for feed acidulants. Increase in the research and development will help in the production of various novel products. It is anticipated that this will open up opportunities for other feed acidulants makers.
Feed Acidulants Market SkyQuest Analysis
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 robust Secondary Desk research.
As per our analysis, based on the type, the propionic acid segment is projected to hold the most substantial share in the feed acidulants market. Based on the animal type, the poultry segment is projected to hold the most substantial share in the market. Based on the form, the dry segment is projected to hold the most substantial share in the market. Based on the function, the pH control segment is projected to hold the most substantial share in the market. Whereas, based on the region, the Asia-Pacific region is projected to hold the most substantial share in the market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 2.36 billion |
| Market size value in 2031 | USD 4.56 billion |
| Growth Rate | 6.85% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Feed Acidulants Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Feed Acidulants Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Feed Acidulants 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 Feed Acidulants 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.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Feed Acidulants Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Feed Acidulants Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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