The Global Feed Acidifiers Market was worth US$ 2.58 billion in 2022, and it is estimated to reach a valuation of US$ 4.09 billion by the end of 2027, expanding at an annual growth rate of 6.1% between 2022 and 2027. The feed acidifiers are the acidifiers which are added to the animal feed. The acidifiers are inorganic chemicals that put into livestock body either produce or become acid. These acidifiers help in increasing the gastric level and improve digestion and also helpful in marinating the pH of the stomach, stimulates feed consumption and improve metabolism of the livestock. The feed acidifier helps in improving animal health and reduces pathogenic bacterial growth in the livestock thus prevent outbreak of harmful animal diseases like avian flu, swine flu, bovine spongiform encephalopathy etc. Acidifiers are also known as substitutes to effect of certain antibiotic. The end users of feed acidifiers are compounded feed manufacturers, farmers, home-mixes, livestock and aquaculture industry.
The dry form with blended compound of feed acidifier is highly used by the livestock farmers. The livestock growers are very much concerned about the health of their livestock has becoming more focused on providing more nutrient rich feed to the animal’s increases the demand of feed acidifier market. Asia Pacific is the largest market and will sustain its position of largest market of the feed acidifiers during the forecast period between 2022 and 2027.
Market Drivers
The driving force of the Feed Acidifiers Market is the increasing demand of protein rich food including meat and dairy products. People become more health conscious and including nutrients rich food products into their diet that increases the demand of meat, eggs and dairy products is increasing which in turn increase the growth of feed acidifiers in the market.
The increasing animal diseases like swine flu, avian flu, bovine spongiform encephalopathy etc pose a threat to animal health as well human health. The swine diarrhea has caused significant impact on U.S and addition to it, countries like China, India and Indonesia are facing constantly outbreaks of the swine flu and avian flu because of hot and humid climatic condition. Meat vendors and livestock farmers have suffered with a significant financial loss due to these diseases. Thus the growing concern about the livestock health is increasing the demand of feed acidifier in the market in order to keep livestock safe and healthy as feed acidifier is an effective medium to minimize animal disease thus reduce the animal disease outbreaks. Additionally, the feed acidifier helps in balancing pH inside the body of the livestock and prevent microbial and other pathogens growth thus improve animal health. Owing to benefits of feed acidifier over animal diseases drives the growth of feed acidifiers market in forecast period.
Moreover, the government of several countries has imposed strict regulations and awareness programs related to animal health which encourages livestock growers to take of their animal by providing them nutrient balanced feed by adding feed acidifier into it. Owing to this reason, the demand of feed acidifier is increasing which in turn boost the growth of feed acidifiers market in forecast period between 2022 and 2027.
Market Restraints
The growing trend of price increase in the feed acidifiers is hindering the market growth. The demand of acids are increasing as due to wide applications such as crop protect agent, solvent, as a food preservative, wide use in pharmaceuticals apart from being used as a feed acidifier. Due to their wide range of applications the price of acids is increasing which in turn increase the price of feed acidifiers in the market. Additionally, due to the corrosive property of the feed acidifier results in significant damage while handling them that hampers feed acidifiers market growth.
FEED ACIDIFIERS MARKET REPORT COVERAGE
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REPORT METRIC |
DETAILS |
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Market Size Available |
2021 – 2027 |
|
Base Year |
2021 |
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Forecast Period |
2022 - 2027 |
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CAGR |
6.1% |
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Segments Covered |
By Type, Form, Compound, Livestock, and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, RoW |
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Market Leaders Profiled |
Kemin Industries, Inc. (US), BASF SE (Germany), Yara (Norway), Perstorp (US), Biomin Holding GmbH (Austria), Addcon GmbH (Germany), Impextraco NV (Belgium), Novus International (US), Corbion NV (Netherlands), and Pancosma (Switzerland). |
Market Segmentation
Feed Acidifier Market - By Type
Based on type, the Global Feed Acidifiers Market is segmented into Propionic Acid, Formic Acid, Lactic Acid, Citric Acid, Sorbic Acid, Malic Acid and Others (Fumaric Acid, Tatric acid, Butyric Acid, Acetic Acid and Benzoic Acid). Propanic acid is expected to have the highest market during the forecast period as it is organically sourced. The Propanic acid is used as a feed additive as it is safe for animals, consumers and environment alike. Propanic Acid is used as a dietary supplement and source of nutrition. Proponic Acid when used in poultry fees improves silage production and provides aerobic stability in silages and also it limits bacterial growth in molds, and thus it can be used as a preservative in Livestock feed.
Based on form, the Global Feed Acidifiers Market is segmented into Dry and Liquid form. The dry form of feed acidifier will dominate the market in the forecast period due to its easy usage, storage and transportability. Dry form of feed acidifier is widely used in fed formulation as dry feed acidifier has free flowing structure and provides consistency to the feed.
Feed Acidifier Market - By Compound
Based on Compound, the Global Feed Acidifiers Market is segmented into Single and Blended compound. The Blended compound feed acidifier is widely used by the farmers as it is easily digestible for the livestock due to its diversified nature.
Based on Livestock, the Global Feed Acidifiers Market is segmented into Poultry, Swine, Ruminants, Pets, Aquaculture, Others. The Poultry segment is expected to dominate the market during the forecast period between 2022 and 2027. Currently poultry segment is the largest meat producer segment in the market and therefore broilers, breeders, layers are chiefly domesticated in order to get meat and eggs for commercial consumption.
Regional Analysis
The Global Feed Acidifiers Market has been categorized in four regions:
Asia-Pacific is the largest market for feed acidifier in the forecast period due to increasing awareness of the health benefits associated with the meat. In Countries like China, India, Japan and Thailand the demand of meat is rising for domestic consumption as well as export. With increasing demand of meat, the demands for feed additive will also increasing that further drives the growth of feed acidifiers market in this region. Additionally, the increasing focus on the livestock feed with rich nutrients increases the demand of feed acidifiers in the forecast period.
The North America is expected to have steady growth during the forecast period between 2022 and 2027. The increasing demand of protein rich food like dairy, meat; and also the rising concern about the health of livestock increases the demand of feed acidifier and feed acidifier balance the pH in order to prevent livestock from various diseases drives the growth of feed acidifiers market.
Europe has also become the contributor in the growth of feed acidifier market during the forecast period as in this region people are very conscious about the health and thus select nutrient rich product including meat, milk etc. for that the demand of feed acidifier is increasing in order get meat from livestock. Additionally, the European Union has imposed strict norms related to the feed of the /livestock drives the growth of the feed acidifiers market in forecast period between 2022 and 2027.
Leading Company:
BASF SE is the largest manufacturer of feed acidifiers and has large customer base in Europe and North America.
Covid-19 Impact on Global Feed Acidifiers Market
COVID-19 has significantly impacted all the market, feed acidifier market is not an exceptional. During the pandemic, the meat consumption has decreased due to suspect to this origin of these diseases. That in turn affects the sale of meat vendors as well as the animal farmers. And also the COVID-19 strict protocols caused unavailability of raw materials and workforce and have created negative impact on manufacturing as well as the supply chains. But with fading situation of COVID the demand of feed acidifiers is increasing which further increase the market in near future.
Key Players:
Some of the leading companies operating in the Global Feed Acidifiers Market are:
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Feed Acidifier Market, By Type
6.1.1 Propionic Acid
6.1.2 Formic Acid
6.1.3 Lactic Acid
6.1.4 Citric Acid
6.1.5 Sorbic Acid
6.1.6 Malic Acid
6.1.7 Market Size Estimations & Forecasts (2022-2027)
6.1.8 Y-o-Y Growth Rate Analysis
6.1.9 Market Attractiveness Index
6.2 Feed Acidifier Market, By Form
6.2.1 Dry
6.2.2 Liquid
6.2.3 Market Size Estimations & Forecasts (2022-2027)
6.2.4 Y-o-Y Growth Rate Analysis
6.2.5 Market Attractiveness Index
6.3 Feed Acidifier Market, By Compound
6.3.1 Blended
6.3.2 Single
6.3.3 Market Size Estimations & Forecasts (2022-2027)
6.3.4 Y-o-Y Growth Rate Analysis
6.3.5 Market Attractiveness Index
6.4 Feed Acidifier Market, By Live Stock
6.4.1 Poultry
6.4.2 Swine
6.4.3 Ruminants
6.4.4 Pets
6.4.5 Aquaculture
6.4.6 Others
6.4.7 Market Size Estimations & Forecasts (2022-2027)
6.4.8 Y-o-Y Growth Rate Analysis
6.4.9 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Feed Acidifier Market, by Region
7.2 North America - Market Analysis (2022-2027)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Type
7.2.3 By Form
7.2.4 By Compound
7.2.5 By Live Stock
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Type
7.3.3 By Form
7.3.4 By Compound
7.3.5 By Live Stock
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Type
7.4.3 By Form
7.4.4 By Compound
7.4.5 By Live Stock
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Type
7.5.3 By Form
7.5.4 By Compound
7.5.5 By Live Stock
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Type
7.6.3 By Form
7.6.4 By Compound
7.6.5 By Live Stock
8. Key Player Analysis
8.1 Kemin Industries, Inc.
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 BASF SE
8.3 Yara
8.4 Perstorp
8.5 Biomin Holding GmbH
8.6 Addcon GmbH
8.7 Impextraco NV
8.8 Novus International
8.9 Corbion NV
8.10 Pancosma
8.11 Royal DSM
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
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