Feed acidulants market is projected to grow at a CAGR of 5.42% during the forecast period, reaching the total market size of US$4.136 billion in 2024 from US$3.014 billion in 2018. Feed Acidulants are usually combined with feed additives, in order to achieve a particular pH in animal feed. It acts as a natural preservative in the feed and enhances the taste and texture of the feed. The Feed acidulants market is expected to have a significant growth rate driven by growth in animal husbandry due to increase in demand for meat and dairy-based products. Growing government aid or funds in the feed industry is also expected to drive the market growth. However, the rising price of feed acidulant is expected to hamper the market growth.
By type, the propionic acid segment is expected to have a significant market growth. It is used as feed preservative as it prevents bacterial growth in molds. It is used in the ensiling process of poultry feed as it improves silage production and provides aerobic stability in silage. By form, the dry form is estimated to have a significant market share due to its ease of usage, storage, and transportation. By geography, the Asia Pacific region is estimated to have a notable market share due to higher development in feed production and feed additives. The demand for meat and dairy products is also expected to grow in this region.
Drivers
Restraints
Industry Update
Segmentation
The feed acidulants market has been analyzed through the following segments:
By Type
By form
By animal type
By Geography
North America
By type, the propionic acid segment is expected to have a significant market growth. It is used as feed preservative as it prevents bacterial growth in molds. It is used in the ensiling process of poultry feed as it improves silage production and provides aerobic stability in silage. By form, the dry form is estimated to have a significant market share due to its ease of usage, storage, and transportation. By geography, the Asia Pacific region is estimated to have a notable market share due to higher development in feed production and feed additives. The demand for meat and dairy products is also expected to grow in this region.
Drivers
- Growth of animal husbandry
- Growing government aid in the feed industry
Restraints
- The rising price of feed acidulants
Industry Update
- In July 2018, BASF launched a low-corrosive organic acid, Lupro-Cid NA. It enables high-quality silage preparation under challenging conditions.
- Kemin launched a new feed acidulant based on formaldehyde, propionic acid, and surfactant agents - Sal CURB B liquid in Russia in March 2018. This antimicrobial solution product brought a special synergistic combination of surface-active agents and powerful antimicrobial compounds.
Segmentation
The feed acidulants market has been analyzed through the following segments:
By Type
- Propionic Acid
- Formic Acid
- Citric Acid
- Lactic Acid
- Others
By form
- Dry
- Liquid
By animal type
- Poultry
- Ruminants
- Swine
- Aquaculture
- Others
By Geography
North America
- USA
- Canada
- Mexico
- Brazil
- Argentina
- Others
- Germany
- France
- United Kingdom
- Spain
- Others
- Saudi Arabia
- Israel
- Others
- China
- Japan
- South Korea
- India
- Others
Table of Contents
1. INTRODUCTION
2. RESEARCH METHODOLOGY
4. MARKET DYNAMICS
5. FEED ACIDULANTS MARKET BY TYPE
6. FEED ACIDULANTS MARKET BY FORM
7. FEED ACIDULANTS MARKET BY ANIMAL TYPE
8. FEED ACIDULANTS MARKET BY GEOGRAPHY
9. COMPETITIVE INTELLIGENCE
10. COMPANY PROFILES
Companies Mentioned
- BASF SE
- Kemin Industries Inc.
- Biomin Holding Gmbh
- Impextraco Nv
- Perstorp Nv
Methodology
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