USD 10.99 billion
Feed Organic Acids Market Size, Share, Growth Analysis, By Type(Lactic Acid, Acetic Acid, Formic Acid, Citric Acid), By Application(Ruminants, Swine, Poultry, Aquatic Animals), By Region - Industry Forecast 2024-2031
Report ID:
SQSG30C2023 |
Region:
Global |
Published Date: July, 2036
Pages:
245
|Tables:
67
|Figures:
74
Feed Organic Acids Market Insights
Feed Organic Acids Market size was valued at USD 10.99 billion in 2019 and is poised to grow from USD 11.64 billion in 2023 to USD 18.29 billion by 2031, growing at a CAGR of 5.8% in the forecast period (2024-2031).
Eliminating the use of antibiotics in animal feed impacts negatively the animals' lives due to an increase in dysbacteriosis and other disorders. Furthermore, disease-related mortality contributes to 10% to 20% of developed countries' production costs. Several feed additives, including prebiotics, probiotics, acidic compounds, competitive exclusion products, herbs, essential oils, and bacteriophages, are currently being presented as viable alternatives to antibiotics in animal feed. However, organic acid-based compounds have the potential to serve as antibiotic substitutes. Improved feed performance has been connected to the use of organic acids, which have been proven to impact the composition of the microbiome by altering the pH of the gastrointestinal tract. During the projected period, these factors are anticipated to boost the market for feed organic acids.
US Feed Organic Acids Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Formic Acid
Fastest Growth
Formic Acid
Growth Rate
5.8% CAGR
Global Feed Organic Acid Market 2022-2028 ($ Mn)
Country Share for North America Region- 2021 (%)
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Feed Organic Acids Market Segmental Analysis
The global feed organic acids Market is segmented based on type, application, and region. Based on type, the market is segmented into lactic acid, acetic acid, formic acid, citric acid, and other acids. Based on application, the Feed Organic Acids Market is segmented into ruminants, swine, poultry, aquatic animals, and other animal types. Based on region, the global Feed Organic Acids market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Feed Organic Acids Market Analysis by Type
In 2021, the formic acid segment accounted for the largest market share more than 19% in the feed organic acid market globally, and the lactic acid segment is predicted to be the fastest growing segment during the forecast period. Increasing awareness regarding the side effects of antibiotics-fed animal byproducts on human health is increasing the demand for antibiotic-free byproducts such as meat and milk. These are the major reasons for increasing the demand for organic acids in animal feed as it has antibiotic properties for fighting against diseases and also maintain the nutritive content of the feed for a longer duration which makes it a perfect choice to replace antibiotics in feed. These are some of the key factors driving the demand for the feed organic acid market during the analysis period.
Feed Organic Acids Market Analysis by Application
In 2021, the poultry sector accounted for the largest market share in the feed organic acid market and swine feed is the fastest growing sector predicted during the analysis period. Increasing demand for antibiotics-free meat and eggs is the major reason for this dominance and growing awareness among the masses will propel the demand further during the analysis period. The swine feed sector will witness the fastest growth a 5.46% CAGR during the analysis period due to increasing consumption of pork in developing countries which will drive the demand of the feed organic acid market and propel the growth through the analysis period.
Global Feed Organic Acid Market By Type, 2021 (%)
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Feed Organic Acids Market Regional Insights
Asia-Pacific held the highest share of the worldwide feed organic acid market in 2021 and is anticipated to maintain its dominance during the forecast period. The rising demand for antibiotic-free meat and other dairy products in developing nations such as China, India, and Japan are the primary factor driving the need for conventional feed alternatives containing antibiotics and the expansion of the feed organic acid market. Changing government laws regulating the use of antibiotics are becoming more stringent, which will lower the use of antibiotics in feed and raise the usage of feed organic acid as a significant feed additive, propelling the market throughout the projection period.
Global Feed Organic Acid Market By Geography, 2022 - 2028
- Largest
- Fastest
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Feed Organic Acids Market Dynamics
Feed Organic Acids Market Driver
Growing demand for antibiotics-free animal byproducts is the major driver for the use of feed organic acid.
- Growing demand for antibiotic-free animal feed is at an all-time high as increasing consumption of animal-derived food is increasing globally and is predicted to do so in the future. Traces of antibiotics in the animal byproducts and their negative effect on human health are alarming reasons to eliminate the use of antibiotics in animal feed. These could be replaced by feed organic acid which provides the same benefits and with its antimicrobial properties, it also prevents the grains from damaging during storage which increases the self-life of the feed driving the demand for the feed organic acid.
Feed Organic Acids Market Restraint
The use of organic acid use increases the cost of feed and also increases the cost of animal byproducts are major restraints.
- Using feed organic acids in feed to replace the use of antibiotics is increasing the cost of feed which in return increase the animal byproducts that are restraining the extensive use of feed organic acids in the animal feed and slowing down the growth of feed organic acid during the analysis period.
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Feed Organic Acids Market Competitive Landscape
The feed organic acids market is relatively fragmented, with a high level of competition. Few large players, like ABB Ltd, Honeywell, and Kiva Systems, now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability.
Feed Organic Acids Market Top Player’s Company Profiles
- BASF SE
- Novus International, Inc.
- Corbion N.V.
- Perstorp Holding AB
- Yara International ASA
- Kemin Industries, Inc.
- Kemira Oyj
- Biochem Zusatzstoffe Handels- und Produktionsgesellschaft mbH
- Biomin Holding GmbH
- Chr. Hansen Holding A/S
- Evonik Industries AG
- FMC Corporation
- Lallemand Inc.
- Norel Animal Nutrition
- Pancosma S.A.
- Provimi Holding B.V.
Royal DSM N.V. - Selko Feed Additives B.V.
- Vantage Specialty Ingredients, Inc.
- Vetagro S.p.A.
Feed Organic Acids Market Recent Developments
- In May 2022, AFYREN announced the signing of a new multi-year contract for the supply of organic acid from its AFYREN NEOXY plant to a major European player in animal nutrition.
- In February 2022, Celanese Corporation, announced it will buy a majority1 of DuPont's Mobility & Materials division for US$11 billion in cash. Celanese will acquire engineered thermoplastics and elastomers, famous brands and IPs, worldwide production assets, and a world-class team.
Feed Organic Acids Key Market Trends
- Growing demand for the use of organic feed to develop organic meat and milk is the major reason for increasing demand for the feed organic acid market. Awareness regarding the harmful effects of antibiotics and other conventional additives encourages farmers to go for organic substitutes and these are environment friendly and also do not harm consumer health along with animal health which produces healthy byproducts. These are the major trend witnessed in today’s market and is expected to grow during the analysis period.
Feed Organic Acids 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 the robust Secondary Desk research.
According to our analysis, increasing awareness regarding the side effects of antibiotics-fed animal byproducts on human health is increasing the demand for antibiotic-free meat and milk. Organic acids have been proven to impact the composition of the microbiome by altering the pH of the gastrointestinal tract. Several feed additives, including prebiotics, probiotics, acidic compounds, competitive exclusion products, herbs, essential oils, and bacteriophages, are currently being presented as viable alternatives to antibiotics in animal feed. These are the major reasons for increasing the demand for organic acids in animal feed as it has antibiotic properties for fighting against diseases and also maintain the nutritive content of the feed for a longer duration which makes it a perfect choice to replace antibiotics in feed. Asia-Pacific held the highest share of the worldwide feed organic acid market in 2021. The increasing demand for antibiotics-free meat and eggs is the major reason for this dominance. The swine feed sector will witness the fastest growth a 5.46% CAGR during the analysis period. Changing government laws regulating the use of antibiotics are becoming more stringent.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 10.99 billion |
| Market size value in 2031 | USD 18.29 billion |
| Growth Rate | 5.8% |
| 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 Organic Acids 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 Organic Acids 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 Organic Acids 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 Organic Acids 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 Organic Acids Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Feed Organic Acids 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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