Feed Acidifiers Market - Size, Share, COVID-19 Impact, Forecasts upto 2029

Feed Acidifiers Market - Size, Share, COVID-19 Impact, Forecasts upto 2029

The Feed Acidifiers Market is projected to register a CAGR of 5.55%

• Propionic Acid is the Largest Sub Additive : Propionic Acid is the largest segment due to the presence of antimicrobial properties and the ability to inhibit the growth of mold and some bacteria at low concentrations.
• Asia-Pacific is the Largest Region : The Asia-Pacific region is the largest because of the higher penetration rate, higher feed production, high demand for meat, and increasing livestock population.
• Propionic Acid is the Fastest-growing Sub Additive : Propionic acid is the fastest-growing segment as it improves nutrient absorption, inhibits mold growth, reduces poultry males' abdominal fat, and reduces pathogenic microbes.
• North America is the Fastest-growing Region : An increase in the demand for beef meat and poultry products and feed production are factors responsible for North America's fastest-growing segment.

• Feed acidifiers are an important component of animal feed, promoting growth and metabolism, increasing feed intake, and protecting against harmful pathogens while reducing the reliance on antibiotics. In 2022, feed acidifiers represented 7% of the global feed additives market, making them one of the most significant types of feed additives worldwide.
• Asia-Pacific was the largest regional market for feed acidifiers, accounting for 31.3% of the market in 2022. North America and Europe followed closely, with market shares of 26.1% and 23%, respectively. The higher share of Asia-Pacific was attributed to the higher penetration rates of additives and a greater animal population. The United States is one of the largest producers and exporters of different meats, such as poultry and beef meat, which has helped North America become one of the largest feed manufacturers. The adoption of feed acidifiers is high in the region as an alternative to antibiotics for producing high-quality feed.
• Propionic acid was the most widely used feed acidifier, accounting for the largest share of the global feed acidifiers market in 2022, valued at USD 0.8 billion. This was due to its antimicrobial properties and ability to inhibit the growth of mold and some bacteria at low concentrations. Its share was followed by fumaric acid and lactic acid in terms of value.
• The other feed acidifiers segment is expected to grow at a similar rate with a CAGR of 5.6% during the forecast period, primarily due to the acidifiers' ability to increase animal feed intake and the productivity of animals.
• The increasing awareness of the beneficial usage of feed additives, the growing trend of commercial farming, and the ability of acidifiers to function as antibiotics are expected to drive the global feed acidifiers market with a CAGR of 5.6% during the forecast period.

• The global feed acidifiers market emerged as one of the significant feed additive markets worldwide, accounting for 7% of the global feed additives market in 2022. Feed acidifiers gained importance in promoting animal growth and metabolism and resistance to harmful pathogens such as bacteria, thereby serving as an alternative to antibiotics.​
• Lactic acid had the largest market share of 34.4% in the global feed acidifiers market value in 2022, owing to its easier availability. However, propionic acid is expected to emerge as the fastest-growing market, registering a CAGR of 5.7% during the forecast period, mainly due to product innovations and growing market penetration.​
• Asia-Pacific was the largest region in the world for the feed acidifiers market in 2022, accounting for a market value of USD 728.2 million. This region's higher market share can be attributed to its higher penetration rate and feed production volume, which was around 0.5 billion metric tons in 2022.​
• The United States emerged as the largest country globally for the feed acidifiers market, accounting for 18.3% of the market share in 2022, which was nearly USD 0.4 billion in value. This market position is mainly due to extensive commercial animal cultivation and the country's focus on implementing new production practices in animal farms. Both Japan and Mexico are expected to grow and register a CAGR of 6.3% during the forecast period due to increasing investments in these countries.
• The global population increase, increase in feed production, and the growing awareness of acidifiers as an alternative to antibiotics are expected to drive the feed acidifiers market, registering a CAGR of 5.6% during the forecast period.

The Feed Acidifiers Market is moderately consolidated, with the top five companies occupying 41.06%. The major players in this market are Adisseo, BASF SE, Cargill Inc., DSM Nutritional Products AG and SHV (Nutreco NV) (sorted alphabetically).

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