Feed Acidulants Market Size

Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

In 2023, the Feed Acidulants Market is valued at USD 4,564.3 million, and is expected to retain this value by the end of the forecast period. This stability in the value of the market, despite a CAGR of 6.8% from 2021 to 2030, shows a mature market, with a steady demand and a possible saturation of some segments. The growth is mainly due to the increasing interest in acidulants as a basic feed additive, enhancing animal health and feed efficiency. The latter is essential to meet the rising demand for meat and the need for sustainable livestock production. There are several reasons for this growth, including the growing awareness of animal nutrition, the increasing occurrence of livestock diseases and the growing demand for high-quality animal-derived protein. Also, the development of feed formulation and the development of new acidulants will contribute to market growth. Strategic initiatives such as the establishment of strategic alliances and the redoubling of R & D efforts are undertaken by major players such as BASF SE, Kemin Industries and Adisseo, in order to enhance their product offerings and increase market share. These efforts are evidence of the growing importance of the efficiency and sustainability of animal feed.

Regional Market Size

Regional Deep Dive

The feed acidifiers market is growing significantly across the world, owing to the increasing demand for high-quality animal feed and the need to improve feed efficiency. North America is characterized by a strong focus on animal health and productivity, while Europe is characterized by a focus on regulatory compliance and sustainable practices. Asia-Pacific is characterized by rapid industrialization and a growing population, which has led to a growing demand for animal-based products. Middle East and Africa are characterized by an increasing livestock sector, which is a result of economic diversification efforts. Latin America is characterized by a focus on improving the quality and safety of feed.

Europe

• In Europe, the implementation of the European Union's Feed Additives Regulation has led to increased scrutiny of feed acidulants, pushing companies like Evonik Industries to enhance product transparency and efficacy.
• The use of feed acidifiers with reduced impact on the environment is now an important trend. The European Federation of Feed and Animal Feed Industries, for example, promotes the use of such products, which in turn is influencing product development and market strategies.

Asia Pacific

• The Asia-Pacific region is experiencing a surge in demand for feed acidulants due to rapid urbanization and rising disposable incomes, with companies like Adisseo expanding their operations to cater to this growing market.
• Innovations in fermentation technology are being adopted by local manufacturers, enhancing the efficacy of acidulants and improving feed conversion rates, which is crucial for meeting the region's increasing protein demand.

Latin America

• Latin America is leveraging its agricultural base to enhance feed quality, with companies like DSM investing in local production facilities to meet the rising demand for feed acidulants in the region.
• The region's focus on export-oriented livestock production is driving innovation in feed formulations, with an emphasis on acidulants that improve animal health and growth rates, thereby enhancing competitiveness in global markets.

North America

• The North American feed acidulants market is influenced by the growing trend towards natural and organic feed additives. The companies Kemin Industries and BASF have developed innovative acidulants that meet the demand for a clean label.
• Regulatory changes, such as the FDA's guidelines on feed safety, are prompting manufacturers to invest in research and development to ensure compliance, thereby driving innovation in the market.

Middle East And Africa

• In the Middle East and Africa, government initiatives aimed at boosting local livestock production are driving the adoption of feed acidulants, with countries like Saudi Arabia investing in agricultural technology to enhance feed quality.
• The region's unique climatic conditions necessitate the use of specific acidulants to improve feed stability and shelf life, prompting local companies to tailor their products to meet these environmental challenges.

Did You Know?

“Did you know that the use of feed acidulants can improve feed efficiency by up to 10%, significantly impacting livestock productivity and profitability?” — Feed Additives Market Research Report, 2023

Segmental Market Size

The market for ruminant feed acidifiers is currently experiencing a steady growth, fueled by an increased demand for animal health and nutrition. The rise in consumers’ awareness of animal welfare and the need to improve feed quality are two of the main driving forces behind this growth. The increasingly stringent regulations on the use of antibiotics in animal production are pushing producers to seek natural alternatives to improve feed preservation and digestibility. This has pushed the use of acidifiers to a more mature stage. The leading companies in the field of feed acidifiers are BASF and Kemin Industries, which are innovating and increasing their market share. The main applications of feed acidifiers are in the feed of poultry, pigs and ruminants, where they help maintain gut health and improve feed efficiency. The use of these products is also growing due to the growing trend of organic farming and the adoption of sustainable practices. Fermentation and encapsulation processes are shaping the evolution of feed acidifiers, enabling them to be more effective and stable in different feed formulations.

Future Outlook

The Feed Acidulants Market is estimated to experience a CAGR of 6.8% from 2023 to 2030. This growth trajectory is expected to lift the market from US$ 4.56 billion in 2023 to US$ 8.24 billion by 2030. The increasing demand for high-quality animal feed, owing to the rising population and its corresponding need for a high-protein food source, is the key factor driving the growth of the market. In addition, the growing awareness of animal health and nutrition is expected to increase the adoption of acidulants, which have been found to improve feed efficiency and gut health, thereby improving overall livestock productivity. The rising trend towards the development of new and improved acidulants and the implementation of strict regulations regarding the quality of animal feed are also expected to propel the growth of the market. In addition, the development of organic and natural acidulants is expected to gain traction, as consumers continue to demand products that are safe and sustainable. The rising popularity of aquaculture and the increasing use of acidulants in aquafeeds is also expected to benefit the market. Consequently, as the market adapts to these trends, it is essential for market participants to invest in research and development in order to seize emerging opportunities and cater to the evolving demands of consumers.