Feed Acidulants Market- Global Industry Analysis and Forecast (2023-2029)

Feed Acidulants Market was valued at US$ 2.83 Bn. in 2022. Global Feed Acidulants Market size is estimated to grow at a CAGR of 4.9% over the forecast period.
Feed Acidulants Market Overview:
To reach a specific pH in animal feed, acidulants are frequently used with feed additives. It functions as a natural preservative in the diet while also improving the taste and texture. The feed acidulants market is predicted to rise at a large rate, owing to an increase in demand for meat and dairy-based products, as well as growth in animal husbandry. Growing government subsidies or financing in the feed business are also predicted to drive market expansion. However, rising feed acidulant prices are projected to stifle market expansion. The market was affected severely during the pandemic, but is now predicted to make a promising recovery because of the increase in demand of animal based products. To know about the Research Methodology :- Request Free Sample Report

2022 is considered as a base year to forecast the market from 2022 to 2029. 2023’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2029. 2022 is a year of exception and analysis, especially with the impact of lockdown by region.
Impact of COVID-19 on Feed Acidulants Market
The pandemic of COVID-19 has had a negative influence on the global acidulants market. During the lockdown, demand for end products in the foodservice industry declined as a result of government limitations on the export of raw materials from various nations, which had an unanticipated negative impact on the production of major food and beverage companies. Because to COVID-19's immunity-boosting properties, the need for acidulants, particularly citric acid, has increased. However, the market's growth was hampered by the ingredients' disrupted supply chain.

Due to lockdown restrictions, the use of acidulants in animal feed formulations decreased during the COVID-19 pandemic. With the accessibility and numerous replacements available to food and beverage makers, the acidulant industry is expected to regain traction steadily in the near future.

Acidulants give beverage makers with a wide range of advantageous properties, including nutritional value, pleasant taste, and sensory appeal, all of which serve to increase consumer awareness of their product, which in turn helps to boost demand, accelerating the global acidulant market.
Feed Acidulants Market Dynamics:
Key drivers for the Feed Acidulant Market include the increase in demand for meat and dairy products in the population. This is further boosted by the increased occurrence of diseases in livestock thereby increasing the use of acidulants to increase the preservative and immunity boosting properties of the feed.

Growing Government subsidiaries:

Farmers are aided by incentives and subsidiaries provided by the government for purchase of Feed Acidulants, thereby increasing the Feed Acidulant Market. The Feed Acidulants Market is further boosted by innovations in animal husbandry practices and the demand of animal based products such as meat, dairy products etc. Growing populations globally set a precedent for the increase in demand for the product, which in spite of the increase in prices, are predicted to exhibit a substantial demand. The Feed Acidulant Market is therefore predicted to grow substantially during the forecast period.
Feed Acidulants Market Segment Analysis:
Based on the Product Type, the Feed Acidulants Market is segmented into formic acid, citric acid, lactic acid, malic acid and acetic acid. Formic acid segment is expected to grow the most during the forecast period. This is because of multiple advantages that the Form provides when added to the feed. Being both a preservative and degrading biologically makes it ideal for large scale usage in farmlands. Formic acid is often used along with propionic acid to further enhance the benefits gained from the cattle feed. These factors in combination lead to the growth of the Feed Acidulants Market.Based on the Form, The Feed Acidulants Market is segmented into Dry feed and Liquid Feed. Feed Acidulants are mostly used in the dry form. This makes them easily transportable and can be added to the feed conveniently in the form of pellets, powders and kibbles. It is also cheaper than its liquid counterpart and can be stored for longer periods of time making it ideal for bulk purchase and storage propositions.

In dry form, feed acidulants are commonly employed. Pellets, powder, and crumbles are all options for dry feed. It is widely manufactured and consumed around the world. Because of its simplicity of use, storage, and shipping, most feed additive makers sell their feed acidulant in dry form. Furthermore, dry feed acidulants are commonly utilised in animal diets since they are less expensive than liquid feed and require less maintenance. As a result of these reasons, the segment is expected to grow in market share throughout the forecast period.
Feed Acidulants Market Regional Insights:
The Asia Pacific region held the largest market share accounting for roughly 38% in 2022. This is because of the advancements made in the region in animal husbandry leading to increment in the livestock population and scale of agriculture. The region is also witnessing an increase in demand of dairy and meat products owing to its large population.

The acidulant market in Asia-Pacific is growing because to plentiful availability, lower-cost production, broad application scope, and multi-functional features, to name a few causes. Due to increased domestic production of organic and inorganic acids, key companies in the food acidulants industry are posing a significant threat to western firms that lead in production, export, and consumption. China is the world's largest producer and exporter of citric acid, with four out of five major citric acid manufacturers headquartered there. Also, as a phosphate deposit, China is once again dominating in phosphoric acid production, followed by the United States, Morocco, and Russia. Huangshi Xinghua Biochemical Co. Ltd and COFCO Biochemical are two important regional players.

The objective of the report is to present a comprehensive analysis of the global Feed Acidulants Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Feed Acidulants Market dynamic, structure by analyzing the market segments and projecting the Feed Acidulants Market size. Clear representation of competitive analysis of key players by Product type, form, price, financial position, product portfolio, growth strategies, and regional presence in the Feed Acidulants Market make the report investor’s guide.
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Feed Acidulants Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US$ 2.83 Bn.


Forecast Period 2023 to 2029 CAGR:
4.9%
Market Size in 2029:
US$ 3.95 Bn.


 Segments Covered:
by Product Type
Propionic Acid
Formic Acid
Citric Acid
Lactic Acid
Malic Acid
Acetic Acid


by Form
Dry Feed
Liquid Feed



Feed Acidulants Market by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Feed Acidulants Market Key Players
1. ADDCON Group GmbH
2. Yara International ASA
3. Anpario Plc
4. Peterlabs Holdings Berhad
5. BASF SE
6. Perstorp Holding AB
7. Biomin Holding GmbH
8. Pancosma SA
9. Corbion NV
10.Nutrex NV
11.Impextraco NV
12.Novus International, Inc.
13.Jefo Nutrition, Inc.
14.Kemin Industries, Inc.
15.Corbion Purac

Frequently Asked Questions:

1] What segments are covered in the Global Feed Acidulants Market report?
Ans. The segments covered in the Feed Acidulants Market report are based on Product Type and Form.

2] Which region is expected to hold the highest share in the Global Feed Acidulants Market?
Ans. The Asia Pacific region is expected to hold the highest share in the Feed Acidulants Market.

3] What is the market size of the Global Feed Acidulants Market by 2029?
Ans. The market size of the Feed Acidulants Market by 2029 is expected to reach US$ 3.95 Bn.

4] What is the forecast period for the Global Feed Acidulants Market?
Ans. The forecast period for the Feed Acidulants Market is 2023-2029.

5] What was the market size of the Global Feed Acidulants Market in 2022?
Ans. The market size of the Feed Acidulants Market in 2021 was valued at US$ 2.83 Bn.