Global Feed Acidulants Market - 2023-2030

Global Feed Acidulants Market - 2023-2030

Global Feed Acidulants Market reached US$ 3.2 billion in 2022 and is expected to reach US$ 4.9 billion by 2030, growing with a CAGR of 5.7% during the forecast period 2023-2030.

Feed acidulants are often used in conjunction with feed additives to obtain a certain pH in animal feed. It functions as a natural preservative in the feed and improves its flavor and texture. The need for feed acidulants is mostly driven by meat product demand as well as expansion in animal husbandry.

In addition, feed manufacturers utilize acids to obtain the proper pH, and buffer, impact taste and flavor, and maintain the color and texture of feeds. Acids are also vital in the natural preservation of feed. Furthermore, the rising need for feed production globally pushes market expansion throughout the predicted period. The International Feed Industry Federation (IFIF) estimates that global commercial feed output exceeds $400 billion each year.

Dynamics

Increasing Demand for Meat and Dairy Products

Population demand for meat and dairy products is increasing. According to the United Nations, the world's population is predicted to grow by about 2 billion people during the next 30 years, from 8 billion now to 9.7 billion in 2050, with a peak of roughly 10.4 billion in the mid-2080s. As a result, the expanding population necessitates the use of meat and dairy products, creating chances for the feed acidulants industry to expand.

According to the United Nations Food and Agriculture Organisation (FAO), food demand will increase by 60% by 2050, and animal protein production is expected to increase by 1.7% per year between 2010 and 2050, with meat production increasing by nearly 70%, aquaculture increasing by 90%, and dairy production increasing by 55%. Thus, throughout the projected period, anticipated demand for food items would drive demand for the feed acidulants market.

Livestock Disease Management

The growing frequency of heat stress, drought, and flood events may result in the spread of current vector-borne illnesses and macroparasites, as well as the introduction of new diseases and transmission models. Appropriate sustainable livestock management practices are required so that livestock keepers can take advantage of the increasing demand for livestock products in such a way that feed acidulants are effective in reducing the risk of diseases in livestock by creating a more acidic environment in the gut, increasing milk productivity, and improving livestock health.

Furthermore, one of the most prevalent hazards to animal well-being is disease. Each year, one in every five agricultural animals dies from sickness, according to Health for Animals. While many animals are affected by sickness. Farmers, veterinarians, and animal medical professionals have a significant issue due to the 20% loss of animals due to avoidable illness. They must be cautious about new and developing diseases as well as encourage more immunization and preventative therapies. As a result, new novel methods for animal treatment are necessary, which will necessitate the use of feed acidulants from farmers owing to their direct involvement in the body's metabolism and promotion of nutrient absorption.

Rising Demand for Acidulants Associated with Antibiotic Replacement Properties

As the frequency of illnesses and ailments in animals rises, so does the usage of antibiotic growth promoters in animal feed. Antibiotics are being replaced in animal feed with acidulants. Acidulants boost animal health and weight gain by controlling bacteria production in animal digestive tracts and feed. Bartek Fumaric and Malic Acids, for example, are used in a range of animal feeds and offer substantial advantages over standard feed acidulants. Fumaric and malic acids are more effective in lowering feed pH than most other feed acidulants.

Furthermore, expanding livestock populations globally will emerge as a significant driving force in market development. The entire livestock population in India in 2019 is 535.78 million, according to the Department of Animal Husbandry & Dairying under the Ministry of Fisheries, showing a 4.6% increase over the Livestock Census 2012.

Increasing Demand for Meat and Dairy Products

The global demand for meat and dairy products is increasing. According to the United Nations, the world's population will increase by almost 2 billion people during the next 30 years, from 8 billion now to 9.7 billion in 2050. As a result, the expanding population necessitates the use of meat and dairy products, creating the potential for feed acidulant products.

Furthermore, meat is a significant source of sustenance for many people worldwide. Global meat demand is increasing: meat output has more than quadrupled in the last 50 years. According to Our Globe in Data, the globe presently generates more than 340 million tonnes each year. Furthermore, worldwide milk output in 2021 is expected to be 918.16 million tonnes. Thus, anticipated demand for meat and milk products will drive demand for feed acidulants over the projection period.

Increasing Cost of Feed Acidulants

The availability of low-cost food preservatives supplied by Chinese manufacturers is one of the primary factors constraining the growth of the worldwide feed acidulants market. In addition, due to acidulants being used in so many sectors, pricing pressure and supply limits are to be expected. Formic acid, for example, is rapidly being utilized in the oil and gas sectors, particularly in shale gas exploration, as well as in de-icing and leather processing, where it guarantees the efficient fixing of colors and retention agents. In addition, propionic acid is employed in medications, crop protection agents, solvents, food, and polymers.

Furthermore, the capacity of feed acidulants to reduce nutritional loss in food, as well as their convenience of use, and storage, which increases the prices of food, are potentially restraining the global feed acidulants market.

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Segment Analysis

The global feed acidulants market is segmented based on source, animal, type, fruit, form, function, compound, and distribution channel

Increasing the Consumption of Pork Products

Swine animals account for a significant percentage of the acaricide market. The swine feed acidulant industry has been continuously expanding in recent years. One of the major drivers driving this expansion is the rising global consumption of pig products, which has led to an increase in demand for high-quality feed additives that can improve swine health and productivity. Pork is the most extensively consumed meat in the world (36%), followed by chicken (33%), beef (24%), and goats/sheep (5%), according to the United Nations Food and Agriculture Organisation.

Furthermore, the frequency of swine-related illnesses such as porcine epidemic diarrhea (PED) and African swine fever (ASF) has raised the demand for improved preventative and treatment alternatives. African swine flu affects more than 1.125 million pigs and 36,000 wild boars in 39 countries, according to the World Organisation for Animal Health (WOAH). As a result, feed acidulants are a possible work to these diseases, since they can improve swine gut health, boost their immune system, and minimize infection risk.

Source: DataM Intelligence Analysis (2023)

Geographical Penetration

Increasing Meat Consumption Per Capita

The Asia Pacific region accounted for the majority of the feed acidulants market. Because of this, meat consumption per capita in this region is growing. According to the Australian Department of Agriculture, Fisheries, and Forestry, China's meat consumption has outpaced domestic output. According to the International Trade Centre, China bought US$ 3.832 billion in swine meat, while Japan imported US$ 4.24 million.

In addition, the governments in the region encourage feed additives that are related to supportive rules. For example, on January 24, 2021, FSSAI published a new regulation governing animal feed standards. Milk and meat-producing animals save chicken, fish, and pig, should not be fed meat or bone meal or tissues of bovine or porcine origin apart from milk and milk products, according to the Food Safety and Standards Amendment Regulations, 2020.

Furthermore, CLFMA is a recognized Indian compound feed manufacturer organization by the Central and State Governments, Livestock Farmers, and Other Stakeholders. It now has over 230 members from various sub-sectors of the animal protein value chain, including feed manufacturing, poultry, dairy, and aquaculture businesses, animal nutrition and health, machinery and equipment, meat processing, distribution, and retailing, and ancillary services such as banking.

Source: DataM Intelligence Analysis (2023)

Competitive Landscape

The major global players include BASF SE, Kemin Industries, Inc., dsm-firmenich, Impextraco NV, Perstorp Group, Nutrex, ADDCON GmbH, Corbion NV, Novus International, Inc., Peterlabs Holdings Berhad

COVID Impact

The outbreak of COVID has had a negative impact on the global feed acidulant business. Manufacturers are having difficulty functioning during the epidemic due to supply chain interruption and lockdown restrictions. Due to pandemic restrictions, low manufacturing costs result in higher pricing, resulting in low purchasing of products for animal health rather than human health. According to the US Bureau of Labour Statistics, the producer price index for chicken and turkey feed, supplements, concentrates, and premixes increased by 44.9% in June 2021 compared to August 2020.

Russia- Ukraine War Impact

The recent Russian-Ukrainian crisis is expected to have a significant impact on the feed acidulant business. According to research done by the Russian newspaper Agroinvestor, Russia's top meat firms increased feed production capacity in 2022 and are projected to continue ramping up operations in the future years. Cherkizovo expects to increase output in 2023 as a result of the upgrading of the agricultural assets Cherkizovo bought last year, Russkoe Zerno and Zdorovaya Ferma. This year, Cherkizovo aims to increase feed output to 3.2 million tonnes. The protracted violence has had a considerable impact on corporate output as well as consumer demand, both of which have been affected by supply chain disruption.

By Source
• Propionic Acid
• Formic Acid
• Citric Acid
• Lactic Acid
• Sorbic Acid
• Malic Acid
• Acetic Acid
• Others

By Animal
• Poultry
• Ruminants
• Swine
• Aquaculture
• Pets
• Equine
• Others

By Type
• Organic Feed Acidulants
• Inorganic Feed Acidulants

By Fruit
• Lemon
• Apple
• Orange
• Tamarinds
• Others

By Form
• Dry
• Liquid

By Function
• Antimicrobial
• pH Control
• Feed Efficiency
• Flavor
• Others

By Compound
• Blended
• Single

By Distribution Channel
• E-Commerce
• Specialty Stores
• Hypermarket/Supermarket
• Others

By Region
• North America
U.S.
Canada
Mexico
• Europe
Germany
UK
France
Italy
Russia
Rest of Europe
• South America
Brazil
Argentina
Rest of South America
• Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
• Middle East and Africa

Key Developments
• On September 2022, BASF launched propionic acid with zero carbon footprint. The propionic acid is produced at BASF’s Ludwigshafen Verbund site, in Germany.
• On November 2020, DSM expanded its geographical presence in the South Asian market by establishing a new plant in China. The company expanded in order to advertise and sell its animal nutrition and wellness products.
• On October 2020, AQUAFORM 3G was launched in Ecuador by ADDCON GmbH. This enabled the firm to expand its aquaculture acidifier line and win market share in Ecuador.

Why Purchase the Report?
• To visualize the global feed acidulants market segmentation based on source, animal, type, fruit, form, function, compound, and distribution channel, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of feed acidulants market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global feed acidulants market report would provide approximately 101 tables, 118 figures, and 222 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies