What is Global Feed Acidulants Market?
The Global Feed Acidulants Market is a vast and dynamic sector that plays a crucial role in the animal feed industry. Feed acidulants are organic acids used in animal feed to enhance the nutritional value and improve the overall health of the animals. These acidulants are essential for maintaining the pH level in the animals' stomach, which aids in better digestion and absorption of nutrients. The market is driven by the increasing demand for protein-rich animal feed and the growing awareness about animal health among the farmers. The global feed acidulants market is also influenced by the rising trend of organic farming and the increasing use of natural growth promoters in animal feed. The market offers a wide range of products including propionic acid, formic acid, citric acid, lactic acid, sorbic acid, and others.
Propionic Acid, Formic Acid, Citric Acid, Lactic Acid, Sorbic Acid, Other in the Global Feed Acidulants Market:
The Global Feed Acidulants Market is segmented based on different types of acids such as Propionic Acid, Formic Acid, Citric Acid, Lactic Acid, Sorbic Acid, and others. Propionic acid is widely used as a preservative in animal feed due to its antimicrobial properties. Formic acid is used to control the growth of harmful bacteria and fungi in the feed. Citric acid is a natural preservative that enhances the flavor of the feed and aids in digestion. Lactic acid is used to improve the nutritional value of the feed and promote the growth of beneficial bacteria in the animal's gut. Sorbic acid is a natural organic compound used as a food preservative. Other types of acids are also used based on the specific requirements of the animal feed.
Pig, Cow, Poultry, Other in the Global Feed Acidulants Market:
The Global Feed Acidulants Market finds its application in various areas such as Pig, Cow, Poultry, and others. In pig farming, feed acidulants are used to improve the gut health of the pigs and enhance their growth performance. In cow farming, these acidulants are used to maintain the rumen pH and prevent the growth of harmful bacteria. In poultry farming, feed acidulants are used to improve the feed efficiency and overall health of the birds. Other areas of application include aquaculture, pet food, and horse feed. The use of feed acidulants in these areas helps in improving the quality of the feed and enhancing the overall productivity of the farm.
Global Feed Acidulants Market Outlook:
Looking at the market outlook, the Global Feed Acidulants Market was valued at a significant US$ 2419 million in 2023. The market is expected to witness a steady growth and is projected to reach a value of US$ 3275.9 million by 2030. This indicates a Compound Annual Growth Rate (CAGR) of 4.0% during the forecast period from 2024 to 2030. The growth of the market can be attributed to the increasing demand for high-quality animal feed and the growing awareness about animal health and nutrition among the farmers. The market is also influenced by the rising trend of organic farming and the increasing use of natural growth promoters in animal feed.
| Report Metric | Details |
| Report Name | Feed Acidulants Market |
| Accounted market size in 2023 | US$ 2419 million |
| Forecasted market size in 2030 | US$ 3275.9 million |
| CAGR | 4.0% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | BASF, Yara International, Kemin Industries, Kemira OYJ, Biomin Holding GmbH, Impextraco, Pancosma, Nutrex, Perstorp Holding, Novus International, Jefo Nutrition, Anpario, Corbion, ADDCON Group, Peterlabs Holding |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
