Category

Feed Acidulants Market Size, Share, And Trends By Type (Propionic Acid, Formic Acid, Citric Acid, Lactic Acid, Others), By Form (Dry, Liquid), By Animal Type (Poultry, Ruminants, Swine, Aquaculture, Others), And By Geography – Forecast From 2019 To 2024

Published: Mar 2020 | Report Code:  KSI061612797 | Pages:  113

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

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
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Others
    • Middle East and Africa
      • Israel
      • South Africa
      • Others
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the feed acidulants market size by 2024?
A1. Feed Acidulants market is projected to reach the market size of US$4.136 billion in 2024.
 
Q2. What is the size of feed acidulants market?
A2. The feed acidulants market was valued at US$3.014 billion in 2018.
 
Q3. What are the growth prospects for global feed acidulants market?
A3. Feed acidulants market is projected to grow at a CAGR of 5.42% during the forecast period.
 
Q4. What factors are anticipated to drive the feed acidulants market growth?
A4. 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.
 
Q5. Which region holds the maximum market share of the feed acidulants market?
A5. The Asia Pacific region is estimated to have a notable market share due to higher development in feed production and feed additives.

OUR CLIENTS