The feed acidulants market was valued at USD 3.4 billion in 2023 and is anticipated to reach USD 3.61 billion in 2024 from USD 5.84 billion in 2032, growing at a CAGR of 6.2% from 2023 to 2032.
Acidulants are food additives that impart tart or sharp flavor to food and beverage products. They are highly soluble and non-toxic in nature. They function as natural preservatives while also improving the taste and texture of food. Acetic acid, Tartaric acid, and Citric acid are the most common type of acidulants. In the feed industry, Feed acidulants are added to animal feed to improve the gut health and growth performance of animals. They are commonly used in the animal feed industry to reduce PH in the animal's digestive tract, which creates a favorable environment for beneficial bacteria to grow and harmful bacteria to be eliminated.
The feed acidulants market is expected to rise in the forecasted period owing to an increase in demand for meat and dairy-based products, as well as growth in animal husbandry. The meat and dairy-based industry records production of more than 375 million tonnes. This acts as the major driver for the feed acidulants market. Also, with the ban on the use of antibiotics in animal husbandry, to promote animal health and growth sustainably, farmers are using acidulants to support the digestive health of animals. This factor is also driving the growth of the feed acidulants market.
Other factors like growing government subsidies or investments in the feed business, the growing population of livestock, and the high threat of diseases in livestock are also predicted to drive the feed acidulants market.
High-feed acidulants prices
One of the major impediment factors for the feed acidulants market is high feed acidulant prices. The unavailability, high raw material cost, and high production prices make feed acidulants costly. Other factors like Food prices increase and the availability of acidulant replacements at affordable prices hinders the feed acidulants market even further.
There are many potential growth opportunities in the feed acidulants market. Technological advancements like nanotechnology and encapsulation processes are redesigning the way feed acidulants are consumed by livestock. With the growing population of livestock, the need to maintain optimal gut health in animals and improve their overall productivity naturally is gaining momentum and can be foreseen as a great opportunity. The increasing government interventions to follow and comply with strict food safety regulations, making feed industries use feed acidulants in animal feed formulations. These factors are expected to increase the demand for the feed acidulants market in the future.
During COVID-19, transportation is restricted across the globe, and the whole focus is shifted to containing and treating the virus. Every industry is harshly affected by a disrupted supply chain, production cuts, and lockdowns levied globally. The outbreak has had a negative impact on the global feed acidulants market; due to pandemic restrictions, the use of acidulants in animal feed formulations decreased. This hindered the growth of the feed acidulants market significantly.
During COVID-19, immunity boosters were in major demand, and the increased demand for acidulants like citric acid got hampered by a disrupted supply chain. Even the acidulants price touched sky high because of low production. Though this market was severely affected by the pandemic, it is now predicted to grow with the increase in demand for food and beverage, meat and dairy-based, and animal feed industries.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2032 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2032 |
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CAGR |
6.2% |
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Segments Covered |
By Type, Livestock, Function and Region |
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Various Analyses Covered |
Global, Regional, and Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
BASF, Yara International, Kemin Industries, Kemira OYJ, Biomin Holding GmbH, Impextraco, Pancosma, Nutrex, Perstorp Holding, Novus International, Jefo Nutrition, Anpario, Corbion, ADDCON Group, Peterlabs Holding. |
The propionic acid segment is expected to record growth in the feed acidulants market in the forecasted period. Sodium propionate, a sodium salt of propionic acid, has antifungal and antibacterial properties and is a preservative agent. It also acts as a flavoring agent and is generally recognized as a safe (GRAS) food additive. The demand for propionic acid and its derivatives is driving the market growth.
The formic acid segment will record the second-largest growth. The characteristics of formic acid allow optimal mixing in feed, thereby allowing consistent feed formulations and also aiding in improving feed efficiency. It is also used for the preservation and acidification of mixes. These factors act as drivers in the feed acidulants market.
Based on livestock, the poultry segment is expected to grow during the forecasted period. The poultry segments include turkeys, ducks, chickens, and geese. They are the most important commercial animals with a high demand for human consumption. The acidulants like sodium bisulfate are utilized as litter in top dressing in the poultry industry. This demand for acidulants in the production process of the poultry industry accounts for the largest market share in the feed acidulants market.
The swine segment in livestock has shown significant growth in the feed acidulants market. One of the main factors for growth is the growing consumption of pork products worldwide, which led to rising demand for feed acidulants that can enhance the health and productivity of swine.
The pH control segment in the function type is expected to hold the largest revenue share in the feed acidulants market during the forecast period. The increased usage of acidulants as PH regulators are driving the market growth. For instance, acidulants such as propionic acid and formic acid are used in feed preparation to regulate the pH of products.
The Flavour segment is likely to hit the dominant shares of the market. The flavor increases the safety of feed and supports farmers in maintaining animal health and growth.
On the basis of region, Asia Pacific accounts for the largest revenue share in the feed acidulants market and is expected to retain its dominance during the forecast period. The revenue growth is attributed to increasing in livestock-rearing activities in countries such as India and China. Specifically, an increase in poultry production with benefits associated with the addition of feed acidulants is driving the growth. The feed acidulants market is also fuelled by the rise in meat consumption in countries such as Japan, China, and Thailand.
Latin America records significant growth in the feed acidulants market in 2022. The High growth is due to increased demand for feed acidulants in the animal husbandry sector. Also, the rise in meat consumption in countries such as Brazil and Argentina is fuelling the growth of the market.
The feed acidulants market is competitive and highly fragmented, with global and regional players. They are involved in mergers, acquisitions, and collaborations to sustain their market position. Several key participants are making long-term agreements with the competitors’ sights, establishing great business opportunities for both companies. They are also focused on developing new products that are suitable for technological advancements taking place in the industry.
BASF, Yara International, Kemin Industries, Kemira OYJ, Biomin Holding GmbH, Impextraco, Pancosma, Nutrex, Perstorp Holding, Novus International, Jefo Nutrition, Anpario, Corbion, ADDCON Group, Peterlabs Holding.
By Type
By Livestock
By Function
By Region
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