Feed Acidifiers Market Size
|Study Period:||2018 - 2028|
|Fastest Growing Market:||Asia-Pacific|
*Disclaimer: Major Players sorted in no particular order
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Feed Acidifiers Market Analysis
The feed acidifiers market is projected to register a CAGR of 7.2% during the forecast period.
- Animal feed acidifiers are organic acids incorporated into the feed for nutritional or preservative purposes. Acidifiers enhance congestion and microbiological balance in the alimentary and digestive tracts of livestock. The market is characterized by strong demand for top-quality feed acidifiers for poultry, especially in industrialized countries, which have improved living standards than other countries. Only around 38% of the feeds are based on a single acid. Most products are based on organic acid blends containing two or three acids. A combination of more than three products is rare. Formic and propionic acids are the most used components. Citric, lactic, sorbic, malic, acetic, and fumaric acids are other major acids used as acidifiers in poultry feed. While benzoic, butyric, tartaric, and sorbic acids are not commonly used. However, the effects seen when using organic acids highly depend on the type of organic acid used and the inclusion level of the acids used. Furthermore, for preserving purposes, inclusion levels of organic acids are lowered for performance promotion.
- The main restraints of the industry are the emergence of substitute products, such as metabolic peptides, microflora enhancers, and herbal products. However, the increasing use of feed acidifiers for treating poultry diseases creates opportunities for poultry feed acidifiers. Manufacturers are developing innovative production techniques to manufacture the products at a lower cost and increase their production capacity.
- Strong demand from the poultry industry and the ban on antibiotics to secure the supply of safe food are expected to result in an increased demand for poultry feed acidifiers. Moreover, the ban on antibiotics within the European Union moved acidifiers to the center of attention, as they are the next most adequate alternative to the use of antibiotics. However, the market generally seems to shift more from the usage of pharmaceutical products to natural feed ingredients in animal feed, including poultry. In this region, single organic acids have been used as feed preservatives for a long time. The most popular single organic acids used are formic and propionic acids. However, the usage of organic acids, like feed additives, started to become popular in the last decade due to the upcoming ban on antibiotics within the European Union.
Feed Acidifiers Industry Segmentation
Acidifiers included in the feed are known to maintain low pH in the livestock preventing diseases, activating digestive enzymes, and promoting the homogenous blending of the feed. They are also known to substitute the effects of certain antibiotics. These benefits, combined with rising awareness, preference for quality, and concerns about the health of livestock, have fuelled the growth of the acidifiers market globally.
The feed acidifiers market is segmented by Type (Lactic acid, Propionic acid, Fumaric acid, and Other Types), Animal (Ruminant, Poultry, Swine, Aquaculture, and Other Animals), and Geography (North America, Europe, Asia-Pacific, South America, and Africa). The report offers market size and forecasts in terms of value (in USD million) for all the above segments.
Feed Acidifiers Market Trends
This section covers the major market trends shaping the Feed Acidifiers Market according to our research experts:
Increasing Animal Feed Production
According to the FAS-USDA report, animal production is increasing every year to meet the growing demand for animal products, including eggs, meat, and milk leading to an increase in the consumption of animal feeds. According to Alltech’s global feed production survey, global animal feed production had been 1,207.9 million metric tons in 2020, reaching 1,235.5 million metric tons by 2021. This rise in animal feed production is expected to drive the animal feed acidifier market in a positive trend.
Poultry is one of the fastest-growing segments of the agricultural sector at present. The poultry sector has undergone major structural changes during the past two decades due to the introduction of modern intensive production methods, genetic improvements, improved preventive disease control and biosecurity measures, increasing income and human population, and urbanization. The increase in poultry meat consumption has been most evident in East and Southeast Asia and Latin America, particularly in China and Brazil. A range of factors has helped boost the broiler business, including an increase in home cooking during the pandemic, and it is a relatively affordable option compared to other proteins. Global poultry meat production soared in recent years to meet the growing demand. According to the FAO estimates, the total production of poultry meat in the world in 2020 increased to 133.4 million metric tons. This amounts to almost half the growth rate in 2019. China, the United States, Brazil, South Africa, and Mexico are thought to have the largest share of production growth in 2020. The increased feed production for increased growth meets this increase in production.
Additionally, organic acids are considered an appealing alternative for improving nutrient digestibility in poultry. The incorporation of organic acids also leads to thinning of the intestinal lining, which facilitates better absorption of nutrients and their efficient utilization. Studies showed that the egg production of hens significantly increased more quickly in dietary organic-acid-supplemented groups compared to the control group. Industrial-scale poultry production requires optimum use of high-quality feed to improve efficiencies in the production process, improve feed conversion ratios, and enhance animal muscle mass and protein content. Thus, this is expected to boost the market during the forecast period.
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Europe Dominates the Market
Europe holds the largest share of the feed acidifiers market. The meat consumption rate in the United Kingdom is high. Chicken is among the most commonly consumed meat in the country. To meet the consumption demand for animal meat in the country, the growing demand for feed and feed acidifiers is observed among all the livestock segments, with poultry being ahead of ruminants and swine. In 2020, the reduced demand for poultry meat was observed in the country due to the shutdown measures during the pandemic. The reduced demand is attributed to less demand from the food service sector and lesser functioning of the UK meat processing plants. However, the high demand from retail was observed by the end of 2020.
Considering the various research studies indicating the positive impacts of the application of organic acids with essential oils on broiler performance, the use of organic acids, in the United Kingdom, as a potential alternative to antibiotic growth promoters (AGPs) has increased over the years. They are added to poultry diets and drinking water to elicit a positive growth response, improving nutrient digestibility. Propionic acid, formic acid, and acetic acid are potent organic acids generally used to kill mold on feed. Additionally, various disease outbreaks in livestock animals in France, such as Avian flu, in the past decade have led to increased regulations on meat quality and safety, which, in turn, is expected to boost the use of feed acidifiers as an alternative to antibiotics growth promoters in the coming years.
With many leading compound feed manufacturers based in the United Kingdom and Germany, the demand for feed acidifiers has also been increasing in this region. Selko by Trouw nutrition is a well-established feed additive brand in the United Kingdom. The major firms manufacturing feed acidifiers in Germany include Dr. Eckel, BASF SE, Trouw Nutrition, and ADDCON GmbH. Along with this, with the increased demand, the prices of organic acids increased over the years. BASF SE increased the price of formic acid and propionic acid in Europe by EUR 100 (USD 99.4) per metric ton and EUR 150 (USD 149) per metric ton, respectively, in 2021.
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Feed Acidifiers Industry Overview
The feed acidifiers market is a concentrated market with a few major players, including Alltech Inc., Cargil Inc., BASF SE, Yara International, Trouw Nutrition, and Biomin. The most adopted strategies by these major players to expand their business are mergers and acquisitions, expansions, and investments in R&D.
Feed Acidifiers Market Leaders
Biomin Holding GmBH
*Disclaimer: Major Players sorted in no particular order
Feed Acidifiers Market News
January 2022: Corbion Experts showcased its new antioxidant brand to IPPE, which offers a range of freshness and safety solutions that give meat and poultry producers latitude to align business needs and consumer demands.
January 2021: Azelis, a Belgium-based service provider to the food industry, partnered with Perstorp AB, a Sweden-based chemical company. Through this collaboration, both firms are expected to represent their animal nutrition line of gut health products, feed hygiene solutions, acidifiers, silage additives, total mixed ration, and grain preservatives in the United Kingdom.
January 2021: Cargill Inc. opened its new premix animal nutrition facility in Lewisburg, Ohio, with an investment of USD 50 million from the company.
Feed Acidifiers Market Report - Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1.1 Lactic Acid
5.1.2 Propionic Acid
5.1.3 Fumaric Acid
5.1.4 Other Types
5.2.5 Other Animals
5.3.1 North America
220.127.116.11 United States
18.104.22.168 Rest of North America
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
188.8.131.52 Rest of Asia-Pacific
5.3.4 South America
184.108.40.206 Rest of South America
220.127.116.11 South Africa
18.104.22.168 Rest of Africa
6. COMPETITIVE LANDSCAPE
6.1 Major adopted strategies
6.2 Mergers & Acquisitions
6.3 Company Profiles
6.3.1 BASF SE
6.3.2 Novus International
6.3.3 Kemin Industries Inc.
6.3.5 Corbion Purac
6.3.6 Perstorp Holding AB
6.3.7 Yara International Asa
6.3.9 Jefo Nutrition Inc.
6.3.10 Kemira OYJ
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Feed Acidifiers Market Research FAQs
What is the study period of this market?
The Feed Acidifiers Market is studied from 2018 - 2028.
What is the growth rate of Feed Acidifiers Market?
The Feed Acidifiers Market is growing at a CAGR of 7.2% over the next 5 years.
Which region has highest growth rate in Feed Acidifiers Market?
Asia-Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Feed Acidifiers Market?
Europe holds highest share in 2021.
Who are the key players in Feed Acidifiers Market?
BASF SE, Cargill Inc., Alltech Inc., Trow Nutrion, Biomin Holding GmBH are the major companies operating in Feed Acidifiers Market.
Feed Acidifiers Industry Report
Statistics for the 2023 Feed Acidifiers market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Feed Acidifiers analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.