Global Swine Feed Acidulants Market - 2023-2030

Overview:

Global Swine Feed Acidulants Market reached US$ 1.12 billion in 2022 and is expected to reach US$ 1.90 billion by 2030, growing with a CAGR of 6.8% during the forecast period 2023-2030.

The increase in global pork consumption has resulted in increased market demand for swine feed acidulants. In addition, the pig population has seen a significant increase, especially in developing economies such as China and India, which is expected to further fuel the increase. growth of the pork acidification market during the forecast period.

The market growth is primarily attributed to the growing awareness of the benefits of swine feed acidulants, the rise in the prevalence of animal diseases and disorders, the ban on the use of antibiotic growth promoters in animal feed, and the increasing swine population worldwide. Additionally, the market is influenced by consumer concerns regarding the safety of animal feed ingredients, the shift towards natural growth promoters, the rapid pace of industrialization, and the growing awareness of swine health.

According to the World Organisation for Animal Health (WOAH), African swine flu has affected over 1.125 million pigs and 36,000 wild boars in 39 countries, further highlighting the importance of maintaining the health and safety of swine populations.

Dynamics:

Increasing demand for Pork Meat

The demand for meat products is increasing due to the increase in world population. The United Nations predicts the world population will increase by about 2 billion people over the next 30 years, reaching 9.7 billion in 2050, peaking at around 10.4 billion in the mid-2080s. It is a growth opportunity for the swine feed acidulants market.

According to the Food and Agriculture Organization of the United Organization (FAO), food demand is expected to increase by 60% by 2050, and production of animal protein is expected to increase by 1.7% annually from 2015. 2010 to 2050. Meat production is expected to increase by nearly 70%, aquaculture 90%, and dairy production 55%. Therefore, the anticipated demand for the food product will drive the demand for the swine feed acidulants market during the projected period.

Growing the Demand for Swine Feed Acidulants

The rising awareness regarding the benefits of swine feed acidulants, the increased prevalence of animal illnesses and disorders, the ban on the use of growth-promoting antibiotics in animal feed, and the increase in the number of the global pig population will emerge as the primary growth of the livestock sector expansion which will be demanded for swine feed acidulants.

As per the data released by the Philippine Statistics Authority, it is anticipated that the overall pig population in the nation will reach 10.07 million by June 30, 2023, indicating a 1.4% rise from the preceding year's count of 9.94 million. The small-scale farms contribute to approximately 67.5% of the total pig population, while the commercial and semi-commercial farms account for 29.2% and 3.2%, respectively.

Furthermore, the growing concern about the safety of the ingredients used in the production of animal feed, the increasing shift to natural growth factors, the increasing rate of industrialization increased awareness of animal health, increased demand for dairy products, and increased spending on research and product development in the field associated with new product launches are other important factors driving the growth of the market. The increase in government initiatives to promote the feed industry and the growing popularity of meat and meat products will create more lucrative and exponential growth in the swine feed acidulants market.

Higher Prices of Raw Materials With Low Supply

Feed acidulants are compounds that lower the pH of the feed, thereby improving nutrient digestibility and reducing the risk of bacterial contamination. Citric acid, lactic acid, formic acid, propionic acid, and fumaric acid are common raw materials used in the production of feed acidulants for pigs.

The citric acid market in the United States has been gradually expanding since the beginning of 2023, following a period of persistent price declines in the prior months. Furthermore, prices are likely to grow during the month due to a lack of Citric Acid imports from key exporting countries, mainly China. While the price of Citric Acid in China is currently increasing, the product's cost on the domestic market is increasing.

Manufacturers are currently limiting orders owing to fluctuating and increasing pricing, which is lowering imports and promoting price rises in the United States. As a result, rising prices will hamper the expansion of the swine feed acidulants market.

Segment Analysis:

The global swine feed acidulants market is segmented based on type, fruit, form, compound, nature, distribution channel, packaging, function and region.

Controlling the pH of the Swine Digestive Tract

The segment responsible for pH control function holds a significant portion of the global market for swine feed acidulants. The increasing demand for pH control functions in swine feed acidulants can be attributed to the crucial role of maintaining appropriate pH levels in a swine's digestive tract for efficient nutrient absorption and digestion. This is essential for optimizing the health, performance, and overall well-being of swine in modern livestock farming. Additionally, swine require various nutrients for proper growth and development, and controlling pH levels in their digestive systems helps maximize the utilization of these nutrients, leading to better growth rates, improved feed efficiency, and reduced feed wastage.

Furthermore, as regulations on the use of antibiotics and other additives in livestock feed become more stringent, acidulants are gaining popularity as a safe and compliant option for promoting swine health and performance. For instance, on July 21, 2022, the United States and the Philippines launched a new project aimed at strengthening local veterinary services for safe pork and pork products. This project was launched as part of the USDA Agribusiness Trade Mission to the Philippines from July 18 to 21. Administrator Whitley is leading a delegation of 16 U.S. companies, 10 State Departments of Agriculture, and 11 trade associations to strengthen U.S.-Philippine economic and agricultural partnerships and boost food security.

Geographical Penetration:

Increasing The Swine Population In Asia Pacific

Asia-Pacific dominates the swine feed acidulants market and will continue to thrive its dominance during the forecast period owing to the readily available microbial products, increasing research and development activities, growing consumption and production of pigs especially in India and China, rise in government initiatives to promote the growth of agricultural industry, escalating product innovations and expanding personal disposable income.

According to the Phillippine Statistics Authority, As of 30 June 2023, the country's total pig inventory was estimated at 10.07 million heads. This was 1.4 percent higher than the previous year's same-period count of 9.94 million heads. About 67.5 percent of the country's pig population came from smallholder farms, while the remaining 29.2 percent and 3.2 percent were from commercial and semi-commercial farms, respectively.

The USDA reported that In 2023, pork imports are expected to increase by nearly 4 percent YOY to 2.2 MMT on stronger consumer demand following the end of COVID restrictions, but further growth will be limited by higher domestic production. As a result of this consumer demand for pork products in China will boost the swine feed acidulants market growth.

Competitive Landscape

The major global players include: BASF SE, Kemin Industries, Inc., Perstorp Holding AB, DSM, ADM, Pancosma, Nutrex, ADDCON GmbH, Novus International, Inc. and Impextraco NV

COVID-19 Impact Analysis:

The pandemic-induced lockdowns have had a detrimental impact on the supply chain for raw materials used in animal feed additives. These restrictions on animal movement have led to significant disruptions in the production, supply, and consumption of these materials. However, it is anticipated that the market for organic products will experience a surge in demand once the pandemic subsides. The allure of organic food and farming, coupled with increasing policy support and a growing desire among European citizens for high-quality and sustainable food production, have all contributed to this trend.

The COVID-19 pandemic has further reinforced these factors in 2020 and 2021. This is clearly reflected in the rising per capita consumption of organic products, which has now reached an average of 102 EUR. According to the Organic Trade Association, the pandemic has continued to drive organic sales, particularly in the United States and EU countries. Notably, France and Germany, the largest organic markets in Europe, collectively account for 60% of the market share. In 2021 alone, organic food sales in Europe soared by 4 billion, reaching a total value of US$ 58.5 billion.

Russia-Ukraine War Impact Analysis

The continuous dispute has the potential to cause economic instability in the area. The lack of certainty and interruptions in trade and business can have an impact on the confidence of consumers and their ability to make purchases. Consequently, individuals might choose to prioritize their essential needs instead of buying non-essential items like swine feed acidulants. This shift in priorities could lead to a possible decrease in demand for such products.

Moreover, the development of Russian phytogenic feed additives (PFA) has faced obstacles for several decades since the dissolution of the Soviet Union. Nonetheless, the country is now giving high priority to research and investment in phytogenic additives due to the increasing problem of antibiotic resistance. However, the conflict has resulted in delays in the production of these additives in Russia.

By Type

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

By Fruit

• Lemon
• Apple
• Orange
• Tamarinds

By Form

• Dry
• Liquid

By Compound

• Blended
• Single

By Nature

• Organic
• Inorganic

By Distribution Channel

• E-Commerce
• Specialty Stores
• Hypermarket/Supermarket
• Others

By Packaging

• Flexible
• Rigid
• Other

By Function

• pH Control
• Feed Efficiency
• Flavor

By Region

• North America
  • U.S.
  • Canada
  • Mexico

• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe

• South America
  • Brazil
  • Argentina
  • Rest of South America

• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific

• Middle East and Africa

Key Developments

• On June 23, 2022, Cargill signed a binding agreement to acquire Delacon, a globally leading expert in plant-based phytogenic additives. The acquisition combines Cargill's global network and deep expertise in animal nutrition technologies with Delacon's pioneering knowledge and market experience in Swine Feed Acidulants.
• On August 15, 2022, LG Chem and ADM launched two joint ventures for U.S. production of lactic acid and polylactic acid to meet growing demand for a wide variety of plant-based products, including bioplastics. Pending final investment decisions, the joint ventures have chosen Decatur, Illinois, U.S., as the location of their intended production facilities.
• On November 1, 2022, Ravioza Biotech launched Phytogold, a next-generation Phytogenic, and Fortibac in the Indian Market.

Why Purchase the Report?

• To visualize the global Swine Feed Acidulants market segmentation based on type, fruit, form, compound, nature, distribution channel, packaging, function and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of swine feed acidulants market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global swine feed acidulants market report would provide approximately 101 tables, 111 figures and 255 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies