Feed Organic Acids Market

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 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.

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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).

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. '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.'

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.

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.

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.

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Feed Organic Acids Market

Report ID: SQSG30C2023

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