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Animal Feed Acidifiers Market Analysis

  • Report ID: GMI7595
  • Published Date: Dec 2023
  • Report Format: PDF

Animal Feed Acidifiers Market Analysis

Based on Product, the market is segmented as Formic Acid, Lactic Acid, Propionic Acid, Citric Acid, Fumaric Acid, and Others. Formic Acid held a majority market value of USD 766.1 million in 2023. Formic acid, lactic acid, and propionic acid are essential components in the market. Due to its ability to improve feed hygiene, prevent pathogenic microbes, and improve animal intestinal health especially in the diets of pigs and poultry formic acid is seeing significant growth. Formic acid in animal feed is growing due to the growing need for alternatives to antibiotics and the push for sustainable farming methods.

 

Animal Feed Acidifiers Market Revenue Share (%), By Form , (2023)

Based on Form, the animal feed acidifiers market is segmented as dry form, and liquid form. Liquid segment held a dominant market share of around 59% in 2023 and is expected to grow at a lucrative pace by 2032. Both liquid and dry versions are important in the market, however, there has been a noticeable tendency towards the rise of the dry form. The dry version is more popular than wet since it has a longer shelf life, is easier to handle and transport, and is a better option for feed producers and manufacturers. Additionally, dry formulations are easier to incorporate into the procedures used in the production of animal feed because they offer dose accuracy and consistency, both of which are essential for obtaining the intended nutritional results.

 

Based on Livestock, the animal feed acidifiers market is segmented as Poultry, Swine, Ruminants, Aquaculture, and Other. Poultry segment held a dominant market share of around 35% in 2023 and is expected to grow at a lucrative pace by 2032 Significant trends and dynamics are being observed in the market across livestock categories, including pigs, ruminants, and poultry. Feed acids for poultry, especially organic acids such as propionic acid and formic acid, are highly sought after because they enhance feed efficiency, promote intestinal health, and reduce the growth of pathogens like E. Coli and Salmonella.

 

Based on Application, the market is segmented as Compound Feed, Base Mix, Supplements. Compound Feed segment held a dominant business share of around 55% in 2023 and is expected to grow at a lucrative pace by 2032. The trends in the base mix, supplements, and compound feed categories of the market are noteworthy. Because compound feed is so effective at providing cattle with a balanced diet, its use is growing significantly. Compound feed is made up of several feed elements, including acids. The growing need for improved animal performance and health is driving the demand.

 

U.S. Animal Feed Acidifiers Market Revenue, 2022 - 2032 (USD Million)

U.S. animal feed acidifiers market exceeded USD 678.3 million in 2023 and is anticipated to expand at a significant pace from 2023-2032 A strong upswing in organic acids is revealed by segment-specific studies and trends in the U.S. market. Because of their numerous advantages, organic acids have had a strong increase in use, particularly in animal feed applications. Due to their critical functions in supporting animal health, improving feed preservation, and enhancing growth performance, these acids—including lactic acid, propionic acid, and formic acid are becoming more and more prevalent.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Animal feed acidifiers industry was valued at around USD 2.2 billion in 2023 and is estimated to reach USD 3 billion by 2032 due to the rising demand for premium animal protein products and the increased attention being paid to the health & nutrition of animals.

Formic acid segment accounted for over USD 766 million in 2023 and will grow significantly through 2032 due to its ability to improve feed hygiene, prevent pathogenic microbes, and improve animal intestinal health, especially in the diets of pigs and poultry.

U.S. animal feed acidifiers market revenue was USD 678.3 million in 2023 and is anticipated to expand at a significant pace from 2024-2032 as organic acids have had a strong increase in use, particularly in animal feed applications.

BASF SE, Cargill, Incorporated, Novus International, Inc., Nutreco N.V., Perstorp Holding AB. Kemira Oyj, Kemin Industries, Inc., Yara International ASA, Biomin Holding GmbH, Impextraco NV, Adisseo France SAS, Trouw Nutrition (a Nutreco company), Jefo Nutrition Inc., Pancosma SA, and Volac International Limited.

Animal Feed Acidifiers Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 246
  • Countries covered: 21
  • Pages: 180
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