DUBLIN, Jan. 30, 2019 /PRNewswire/ --
The "Feed Acidulants Market by Type (Propionic Acid, Formic Acid, Citric Acid, Lactic Acid, Sorbic Acid, Malic Acid, and Acetic Acid), Animal Type (Poultry, Ruminants, Swine, Aquaculture, Pets, Equine), Compound, Form, Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
Ban on antibiotics in feed are expected to drive the overall growth of the feed acidulants market.
The global feed acidulants market is projected to grow from USD 2.7 billion in 2018 to USD 3.5 billion by 2023, at a CAGR of 5.1% during the forecast period.
The feed acidulants market is driven by various factors such as growth in animal husbandry, increase in demand for feed and feed additives, rise in awareness among livestock rearers for animal nutrition value, and ban on antibiotics in feed as natural growth promoters. However, inefficiency in maintaining the potency of acidulants through the logistical chain due to volatility can hinder the growth of this market.
Formic acid is projected to grow at a highest CAGR during the forecast period, in terms of value.
The feed acidulants market has been categorized as propionic acid, formic acid, citric acid, lactic acid, sorbic acid, malic acid, acetic acid, and others. The formic acid segment is projected to grow at the highest CAGR during the forecast period. Formic acid is a colorless liquid and remains soluble in water in almost all proportions. This characteristic of the acidifier enables its proper mixing in animal feed, thereby allowing consistent feed formulation. While formic acid remains highly efficient in improving apparent total tract digestibility (ATTD) of protein, it also aids in improving feed efficiency. However, excessive usage of formic acid in animal feed could result in an increase in dietary acid levels, thereby reducing palatability and affecting feed intake negatively.
The poultry type segment is projected to hold a largest market share during the forecast period.
The feed acidulants market, by animal type, is estimated to be dominated by the poultry segment in 2018. It is also projected to grow at the highest rate through 2023. Poultry meat is universally consumed and, unlike beef and pork, does not pose many religious concerns. The only part of the mineral requirement of poultry can be met by the natural feedstuffs in their diets resulting in the inclusion of feed supplements such as acidulants in feed formulations. In poultry feed, acidulants are widely used as antibiotic growth promoters (AGP) to help improve poultry performance. These acidulants help in the maintenance of pH levels in the stomachs of poultry, thereby allowing correct activation and functioning of proteolytic enzymes.
Asia Pacific is projected to dominate the feed acidulants market during the forecast period.
Asia Pacific is projected to dominate the feed acidulants market during the forecast period. Emerging economies such as China, Japan, and India have favorable market potential for feed acidulants; this has led to feed and feed acidulant manufacturers, adopting strategies such as expansions and new product launches to cater to the growing demand for product differentiations to provide highly efficient additives such as feed acidulants, which are organic in nature and improve gut health in livestock. Further, the increasing demand for meat has triggered meat production in the region, due to which the uptake of feed additives such as acidulants has increased and is expected to witness a strong growth rate.
There has been a rise in the demand for meat and meat products, in accordance with the demand for a protein-rich meat diet. Pork and poultry are largely consumed in the Asia Pacific region. The demand for poultry is estimated to increase in India and China due to factors such as focus on meat quality and public health campaigns, which encourage the consumption of low-fat protein options. Fish consumption is also increasing in the region due to similar health trends. On the other hand, there has been an increase in the production as well as consumption of dairy products in the region. These factors are expected to drive the feed acidulants market in the Asia Pacific region.
The global market for feed acidulants is dominated by large-scale players such as BASF SE (Germany), YARA International ASA (Norway), Kemin Industries Inc. (US), Kemira OYJ (Finland), and Biomin Holding GmbH (Austria).
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Feed Acidulants Market
4.2 Feed Acidulants Market: Major Countries
4.3 Asia Pacific: Feed Acidulants Market, By Type and Country
4.4 Feed Acidulants Market, By Animal Type and Region
4.5 Feed Acidulants Market, By Type and Region
4.6 Feed Acidulants Market, By Form
5 Market Overview
5.2 Market Dynamics
22.214.171.124 High Threat of Diseases in Livestock
126.96.36.199 Increasing Consumption of Meat and Dairy Products
188.8.131.52 Ban on Antibiotics in the US and the European Union (Eu)
184.108.40.206 Growing Government Aids Or Funds Promoting Feed Industry Wellness
220.127.116.11 Rising Prices of Feed Acidulants
18.104.22.168 Encapsulation Processes Used for Feed Acidulants
22.214.171.124 Maintaining Efficacy of Feed Acidulants
5.3 Value Chain Analysis
5.4 Regulatory Framework
5.4.2 European Union
6 Feed Acidulants Market, By Type
6.2 Propionic Acid
6.2.1 Its Properties, Safe for Consumers, Animals, and the Environment to Drive This Market
6.3 Formic Acid
6.3.1 It Boasts Antibacterial Effects That Help to Preserve Feed, Which Drives This Market
6.4 Citric Acid
6.4.1 Increasing Demand to Improve Feed Effectiveness By Improving Livestock Performance and Non-Specific Immunity Drives This Market
6.5 Lactic Acid
6.5.1 Concentrated Efficacy Towards the Maintenance of Feed Safety is Projected to Further Drive the Demand for Lactic Acid
6.6 Sorbic Acid
6.6.1 The Growing Number of Livestock Disease Outbreaks Have Encouraged Animal Breeders to Adopt Sorbic Acid as A Feed Preservative
6.7 Malic Acid
6.7.1 Aiding the Breakdown of Most Feed Into Nutrients, Which are then Absorbed By Ruminants to Drive This Market
6.8 Acetic Acid
6.8.1 Providing Livestock Breeders With Effective and Cost-Efficient Feed Formulations to Drive This Market
7 Feed Acidulants Market, By Compound
7.2.1 Growing Demand to Improve Livestock Health and Performance By Reducing the Presence of Harmful Microorganisms in Feed to Drive This Market
7.3 Single Compound
7.3.1 Its Property to Restrict and Control the Growth of Pathogenic Bacteria in the Feed Drives the Market
8 Feed Acidulants Market, By Form
8.2.1 Ease of Usage, Storage, and Transportability of Dry Feed Acidulants Drives the Market
8.3.1 Increase in Demand for Feed Preservatives Drives the Market
9 Feed Acidulants Market, By Function
9.2 Ph Control
9.2.1 Growing Awareness Towards Animal Health and Nutritional Diet Drives the Market
9.3 Feed Efficiency
9.3.1 Increasing Demand for Feed Conversion Rate and Feed Preservation Drives the Market
9.4.1 Growing Demand for Feed Additves Which Improve the Appetizing of Feed Drives the Market
10 Feed Acidulants Market, By Animal Type
10.2.1 Rapid Growth in Poultry Meat Production is Expected to Further Increase the Demand for Superior Quality Feed, thereby Propelling the 88
10.3.1 Higher Consumption of Protein Rich Meat Such as Pork to Drive the Market
10.4.1 Growth in Demand for Quality Milk and Beef Products has Led to the Use of Feed Acidulants in Ruminant Diets
10.5.1 Rapid Growth in the Aquaculture Industry Along With Increase in Conumption of Seafood to Drive the Market
10.6.1 Change in Lifestyle, Increase in Pet Population and High Investment on Quality and Premium Pet Food to Drive the Market
10.7.1 Usage of Feed Acidulants as an Efficient Enablers of Animal Feed for Equine to Drive the Market
11 Feed Acidulants Market, By Region
12 Competitive Landscape
12.2 Competitive Scenario
12.3 Market Ranking Analysis
12.6 New Product Launches
13 Company Profiles
13.2 BASF SE
13.3 Yara International ASA
13.4 Kemin Industries, Inc.
13.5 Kemira OYJ
13.6 Perstorp Holding AB
13.7 Biomin Holding GmbH
13.8 Peterlabs Holdings Berhad
13.9 Jefo Nutrition, Inc.
13.10 Pancosma SA
13.11 Nutrex NV
13.12 ADDCON Group GmbH
13.13 Anpario Plc
13.14 Novus International, Inc.
13.15 Corbion NV
13.16 Impextraco NV
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