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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: Feb 2020 | Report Code:  KSI061612797 | Pages:  110

The feed acidulants market was valued at US$3.014 billion in 2018 and is projected to expand at a CAGR of 5.42% over the forecast period to reach US$4.136 billion by 2024. 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, rising prices of feed acidulants is expected to hamper the market growth.
 
By type, 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 feed industry
 
RESTRAINTS
The rising price of feed acidulants
 
INDUSTRY UPDATES
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
Spain
Others
 
Middle East and Africa
Saudi Arabia
Israel
Others
 
Asia Pacific
China
Japan
South Korea
India
Others

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