Global Animal Acid Nutrition Market - 2023-2030

Overview

Global Animal Acid Nutrition Market reached US$ 4.58 billion in 2022 and is expected to reach US$ 6.82 billion by 2030, growing with a CAGR of 5.12% during the forecast period 2023-2030.

The global animal acid nutrition market has witnessed significant growth. Farmers are highly adopting these organic acids in animal feed as they can help promote the growth of beneficial bacteria. They help in nutrient digestion and absorption in the gut and enhance the growth rate in animals. Hence, such factors can help in driving the global animal acid nutrition market.

Furthermore, as the demand is increasing, many companies are focusing on launching innovative products in order to expand their portfolios. For instance, in September 2020, Evonik launched GuanAMINO, which is a guanidinoacetic acid product (GAA) used to enhance energy metabolism in livestock production. Hence, such products can help in increasing the market growth.

The lactic acid segment accounts for over half of the market share. Similarly, the Asia-Pacific dominates the animal acid nutrition market, capturing the largest market share of over 1/3rd. India ranks 3rd in Egg Production and 8th in meat production in the world, according to FAOSTAT, hence, India remains the largest producer and consumer of animal acid nutrition globally.

Dynamics

Increase in Demand for High-Quality Animal-Based Products

The demand for high-quality animal-based products is increasing, For instance, the Ministry of Fisheries, Animal Husbandry & Dairying report of 2023, in India milk production has increased by 51.05% about 146.3 million tonnes during 2014-15 to 221.06 million tonnes during 2021-22. Milk production is growing at an annual growth rate of 6.4% over the past 8 years whereas world milk production is growing at 1.2% per annum. The per capita availability of milk is 444 grams per day in 2021-22.

Furthermore, as the demand for meat consumption is increasing, many farmers are highly adopting these acids as they enhance the digestive system's health, also some organic acids such as propionic acid and formic acid have microbial properties which help control the growth of pathogenic bacteria and reduce the risk of disease which helps in producing high-quality animal meat. Hence, it can help in increasing the market growth.

Raising demand for Alternation of Traditional Feeds

Farmers are highly seeking for the alternations of traditional feeds which increases the demand for animal acid nutrition, as the organic acids help enhance the digestive health of animals and also improve animal growth and performance. They also act as natural preservatives helping extend the shelf life of the product. Hence, such factors help in increasing the market growth.

Furthermore, many manufacturing companies are launching innovative high-quality products in order to attract larger consumer bases. For instance, in May 2022, METEX NOOVISTAGO, an animal nutrition expert from France launched an inneus, a new product range are solutions based on a synergistic combination of functional amino acids potentialised by specifically selected polyphenols. It helps in enhancing the intestinal health of pigs. Hence, such products can help in increasing the market growth.

Less Awareness

Less awareness significantly affects the growth of the global animal acid nutrition market, some farmers may not opt for these as they are not aware of the potential benefits of organic acids in animal feed, this lack of awareness can affect the adoption rate, hence, it could affect the growth of the market.

Furthermore, the government of India has provided a National Livestock Mission of the Department of Animal Husbandry and Dairying scheme for production and training on all the aspects of animal husbandry practice including animal feed. Due to less awareness may farmers may not opt for these schemes. Hence, it could hamper the market.

Segment Analysis

The global Animal Acid Nutrition market is segmented based on type, Animal Acid Nutrition grinding technologies, application, and region.

Increase in Demand For Nutritive Feed

The lactic acid segment holds the maximum share in the global animal acid nutrition market. The demand for lactic acid in animal feed is increasing, as they help improve the digestion of nutrients, lower the pH of the gastrointestinal tract, and help in the growth of beneficial bacteria. They help improve feed efficiency and overall animal performance. Hence, such factors helps in improving the market growth.

Furthermore, many manufacturing companies are highly investing in producing innovative high-quality products to expand their consumer bases. For instance, Alltech company produces Acid-Pak 4-Way 2X, which is a unique combination of buffered acidifiers, lactic acid-producing bacteria, enzymes, and electrolytes designed for pigs and poultry. It supports enzyme activity and activates protein, starch, and fiber digestion. Hence, such products can help in increasing the adoption rate.

Geographical Penetration

High Consumption Rate in Asia-Pacific

Asia-Pacific has been a dominant force in the global Animal Acid Nutrition market and its significance has only grown in the post-2020 era. As the consumption rate is increasing in this region, farmers are highly adopting these organic acids as they help improve nutrient absorption, enhance feed efficiency, and improve the productivity of animals. Hence, such factors help in increasing the market in this region.

Furthermore, Furthermore, the production of animal meat is increasing in this region, For instance, according to the Department of Agriculture, Fisheries and Forestry report of 2023, in Australia, the total value of poultry meat production to be $3.5 billion in 2022-23 and $3.6 billion in 2023-24. The value of pork meat production is to be $1.7 billion in 2022-23 and $1.8 billion in 2023-24. Hence, it can help in increasing the market in this region.

Additionally, According to FAOSTAT production data for 2022, Egg production in the country has increased from 78.48 billion in 2014-15 to 129.60 billion in 2021-22. The per capita availability of eggs is at 95 eggs per annum in 2021-22. Meat production in the country has increased from 6.69 million tonnes in 2014-15 to 9.29 million tonnes in 2021-22.

Competitive Landscape

The major global players in the market include Alltech, Novus International, Inc., BASF SE, ADM, Adisseo, Evonik, SMPNutra, Nutra Healthcare Private Limited, Sumitomo Chemical India Ltd., and Amorvet.

COVID-19 Impact Analysis

The pandemic has brought a disruption in the supply chain, many manufacturing companies are shut down due to government lockdown restrictions, to the availability of products in the market, which affected the adoption rate, hence, it shows a negative impact on the global animal acid nutrition market.

By Type

• Formic Acid
• Propionic Acid
• Lactic Acid
• Acetic Acid
• Citric Acid
• Benzoic Acid
• Others

By Form

• Granules
• Powdered
• Others

By Distribution Channel

• E-Commerce
• Hypermarket/Supermarkets
• Specialty Stores
• others

By Livestock

• Ruminants
• Poultry
• Aqua
• Swine
• Equine
• Others

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

• In December 2020, Otsuka Pharmaceutical Factory, Inc. launched ENEFLUID Injection," the amino acid, glucose, electrolyte, fat, and water-soluble vitamin injection.
• In August 2023, Vitail, a new pet wellness brand debuted its first product: supplements for dogs. Formulated with a unique blend of amino acids, the soft chew supplements are designed to support joint health, immune function, and digestive health.

Why Purchase the Report?

• To visualize the global Animal Acid Nutrition market segmentation based on type, form, distribution channel, livestock, 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 animal acid nutrition 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 Animal Acid Nutrition market report would provide approximately 69 tables, 75 figures and 216 Pages.

Target Audience 2023

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