Feed Acidifiers Market

Global Feed Acidifier Market Size (2024 to 2032)

The global feed acidifiers market was valued at USD 2.72 billion in 2023 and is anticipated to reach USD 2.89 billion in 2024 from USD 4.63 billion by 2032, growing at a CAGR of 6.1% from 2024 to 2032.

The feed acidifiers are the acidifiers that are added to the animal feed. The acidifiers are inorganic chemicals that are put into livestock bodies to either produce or become acid. These acidifiers help increase the gastric level and improve digestion. They are also helpful in marinating the pH of the stomach, stimulating feed consumption, and improving the metabolism of the livestock. The feed acidifier helps improve animal health and reduces pathogenic bacterial growth in the livestock, thus preventing outbreaks of harmful animal diseases like avian flu, swine flu, bovine spongiform encephalopathy, etc. Acidifiers are also known as substitutes for the effects of certain antibiotics. The end users of feed acidifiers are compounded feed manufacturers, farmers, home-mixes, livestock, and the aquaculture industry.

The dry form with a blended compound of feed acidifier is highly used by livestock farmers. The livestock growers are very much concerned about the health of their livestock, and they have become more focused on providing more nutrient-rich feed to the animals, increasing the demand for the feed acidifier market. Asia Pacific is the largest market and will sustain its position as the largest market of feed acidifiers during the forecast period between 2022 and 2027.

Market Drivers

The driving force of the feed acidifier market is the increasing demand for protein-rich food, including meat and dairy products. People become more health conscious and include nutrient-rich food products in their diet, which increases the demand for meat, eggs, and dairy products is increasing which in turn increases the growth of feed acidifiers in the market.

The increasing number of animal diseases like swine flu, avian flu, bovine spongiform encephalopathy, etc, pose a threat to animal health as well as human health. Swine diarrhea has had a significant impact on the U.S., and in addition to it, countries like China, India, and Indonesia are constantly facing outbreaks of swine flu and avian flu because of hot and humid climatic conditions. Meat vendors and livestock farmers have suffered significant financial losses due to these diseases. Thus, the growing concern about livestock health is increasing the demand for feed acidifiers in the market to keep livestock safe and healthy, as feed acidifiers are an effective medium to minimize animal disease and thus reduce animal disease outbreaks. Additionally, the feed acidifier helps in balancing pH inside the body of the livestock and prevents microbial and other pathogens' growth, thus improving animal health. Owing to the benefits of feed acidifiers over animal diseases drive the growth of the feed acidifiers market in the forecast period.

Moreover, the governments of several countries have imposed strict regulations and awareness programs related to animal health, which encourages livestock growers to take of their animals by providing them with nutrient-balanced feed by adding feed acidifier into it. Owing to this reason, the demand for feed acidifiers is increasing, which in turn boosts the growth of the feed acidifiers market in the forecast period between 2022 and 2027.

Market Restraints

The growing trend of price increases in feed acidifiers is hindering market growth. The demand for acids is increasing due to wide applications such as crop protection agents, solvents, food preservatives, and pharmaceuticals, apart from being used as a feed acidifier. Due to their wide range of applications, the price of acids is increasing, which in turn increases the price of feed acidifiers in the market. Additionally, the corrosive property of the feed acidifier results in significant damage, and handling them hampers the feed acidifier market growth.

Impact Of Covid-19 On The Global Feed Acidifiers Market

COVID-19 has significantly impacted the market, and the feed acidifier market is not exceptional. During the pandemic, meat consumption has decreased due to suspecting the origin of these diseases. That, in turn, affects the sale of meat vendors as well as the animal farmers. Also, the strict COVID-19 protocols caused the unavailability of raw materials and workforce and have created a negative impact on manufacturing as well as the supply chains. But with the fading situation of COVID-19, the demand for feed acidifiers is increasing, which further increase the market soon.

REPORT COVERAGE

SEGMENT ANALYSIS

Global Feed Acidifier Market By Type

Based on type, the global feed acidifiers market is segmented into Propionic Acid, Formic Acid, Lactic Acid, Citric Acid, Sorbic Acid, Malic Acid, and Others (Fumaric Acid, Tatric acid, Butyric Acid, Acetic Acid, and Benzoic Acid). Propanic acid is expected to have the highest market during the forecast period as it is organically sourced. Propanic acid is used as a feed additive as it is safe for animals, consumers, and the environment alike. Propanic Acid is used as a dietary supplement and source of nutrition. Proponic Acid, when used in poultry feed, improves silage production and provides aerobic stability in silages. It also limits bacterial growth in molds, and thus, it can be used as a preservative in Livestock feed.

Global Feed Acidifier Market By Form

Based on form, the global feed acidifiers market is segmented into dry and liquid forms. The dry form of feed acidifier will dominate the market in the forecast period due to its easy usage, storage, and transportability. The dry form of feed acidifier is widely used in the fed formulation as dry feed acidifier has a free-flowing structure and provides consistency to the feed.

Global Feed Acidifier Market By Compound

Based on Compound, the global feed acidifiers market is segmented into single and blended compounds. The blended compound feed acidifier is widely used by farmers as it is easily digestible for livestock due to its diversified nature.

Global Feed Acidifier Market By Livestock

Based on Livestock, the global feed acidifiers market is segmented into Poultry, Swine, Ruminants, Pets, Aquaculture, and Others. The poultry segment is expected to dominate the market during the forecast period between 2022 and 2027. Currently, the poultry segment is the largest meat producer segment in the market, and therefore, broilers, breeders, and layers are chiefly domesticated in order to get meat and eggs for commercial consumption.

REGIONAL ANALYSIS

Asia-Pacific is the largest market for feed acidifiers in the forecast period due to increasing awareness of the health benefits associated with meat. In Countries like China, India, Japan, and Thailand, the demand for meat is rising for domestic consumption as well as export. With the increasing demand for meat, the demand for feed additives will also increase, which will further drive the growth of the feed acidifier market in this region. Additionally, the increasing focus on livestock feed with rich nutrients increases the demand for feed acidifiers in the forecast period.

North America is expected to have steady growth during the forecast period. The increasing demand for protein-rich food like dairy and meat and the rising concern about the health of livestock increases the demand for feed acidifiers and feed acidifiers to balance the pH in order to prevent livestock from various diseases, which drives the growth of the feed acidifier market.

Europe has also become the contributor to the growth of the feed acidifier market during the forecast period, as in this region, people are very conscious about health and thus select nutrient-rich products, including meat, milk, etc. For that, the demand for feed acidifiers is increasing in order to get meat from livestock. Additionally, the European Union has imposed strict norms related to the feed of/livestock, driving the growth of the feed acidifiers market in the forecast period between 2022 and 2027.

KEY MARKET PLAYERS

Kemin Industries, Inc. (US), BASF SE (Germany), Yara (Norway), Perstorp (US), Biomin Holding GmbH (Austria), Addcon GmbH (Germany), Impextraco NV (Belgium), Novus International (US), Corbion NV (Netherlands), Pancosma (Switzerland) and Royal DSM are some of the market players dominate the global feed-acidified market. BASF SE is the largest manufacturer of feed acidifiers and has a large customer base in Europe and North America.

RECENT DEVELOPMENTS IN THE GLOBAL FEED ACIDIFIER MARKET

• In Jan 2022, DSM launched a new generation phytase, “HIPhorious,” in order to help poultry producers achieve sustainable and profitable protein production. It is a complete phytase solution for swine, poultry, and aquaculture species and delivers consistent improvement In animal performance through efficient phosphorus utilization.
• In June 2020, Royal DSM acquired Erber Groups Biomin and Romers Lab in order to expand its higher value-added specialty solutions.
• In March 2019, BASF SE launched the phytase Natuphose E in order to unlock vital nutrients for the feed industry in Indonesia. Natuphos E can help in better utilizing nutrients such as calcium, phosphorus, amino acids, and energy. The new enzyme can promote growth in animals and also reduce phosphorus emissions from livestock.

DETAILED SEGMENTATION OF THE GLOBAL FEED ACIDIFIER MARKET INCLUDED IN THIS REPORT

This research report on the global feed acidifier market is segmented and sub-segmented based on type, form, compound, livestock, and region.

By Type

• Propionic Acid
• Formic Acid
• Lactic Acid
• Citric Acid
• Sorbic Acid
• Malic Acid
• Others

By Form

• Dry
• Liquid

By Compound

• Single
• Blended

By Livestock

• Poultry
• Swine
• Ruminants
• Pets
• Aquaculture
• Others

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa