PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1533657
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1533657
Global Feed Acidulants Market to Reach US$4.4 Billion by 2030
The global market for Feed Acidulants estimated at US$3.3 Billion in the year 2023, is expected to reach US$4.4 Billion by 2030, growing at a CAGR of 4.2% over the analysis period 2023-2030. Propionic Acid, one of the segments analyzed in the report, is expected to record a 4.1% CAGR and reach US$1.8 Billion by the end of the analysis period. Growth in the Formic Acid segment is estimated at 5.1% CAGR over the analysis period.
The U.S. Market is Estimated at US$898.8 Million While China is Forecast to Grow at 7.0% CAGR
The Feed Acidulants market in the U.S. is estimated at US$898.8 Million in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$888.0 Million by the year 2030 trailing a CAGR of 7.0% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.5% and 4.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.5% CAGR.
Global Feed Acidulants Market - Key Trends and Drivers Summarized
Feed acidulants are additives used in animal feeds to improve feed quality and the performance of livestock by promoting a healthy balance of gut flora, enhancing digestibility, and inhibiting the growth of pathogenic bacteria. Common types of acidulants include formic acid, lactic acid, propionic acid, and citric acid, each serving specific functions such as pH regulation, preservation, and flavor enhancement in animal feed. These substances are crucial for improving feed efficiency, which is the ratio of the input (feed) to the output (animal weight gain, milk, or eggs). They also play a significant role in the overall health and welfare of farm animals by reducing the incidence of gastrointestinal diseases, which in turn can lead to better growth rates and feed conversion ratios. As regulatory standards tighten concerning antibiotic growth promoters, feed acidulants are becoming a popular alternative to promote animal health and performance naturally and safely.
The push towards more sustainable and responsible farming practices has significantly influenced the development and adoption of feed acidulants. As consumers become increasingly aware of how their food is produced, there is growing pressure on livestock producers to reduce the use of antibiotics in animal husbandry. Feed acidulants offer a viable solution by providing the benefits of growth promotion and disease prevention without the risks associated with antibiotic resistance. Additionally, the global increase in protein demand due to rising populations and greater economic prosperity in developing nations is prompting the livestock industry to seek more efficient and health-promoting feed additives to maximize production. Technological advances have enabled the creation of more effective and consistent formulations of feed acidulants, which are specifically tailored to meet the nutritional and health needs of different types of livestock across various stages of growth.
The growth in the feed acidulants market is driven by several factors, including regulatory changes that restrict antibiotic use in livestock, which has shifted industry preferences towards alternative growth promoters such as acidulants. Technological advancements in feed production and formulation have also played a crucial role in this shift by enhancing the efficacy and stability of acidulants under a wide range of feed processing conditions. Consumer behavior is another major driver, with increasing demand for ethically produced and antibiotic-free meat products pushing the industry towards natural additives and health enhancers like acidulants. Additionally, the ongoing research into animal nutrition and gut health continues to uncover benefits of feed acidulants, further bolstering their use in animal feed. Economic factors, such as the cost-effectiveness of acidulants compared to traditional feed additives, also contribute to their growing popularity, ensuring that they remain a staple in the pursuit of sustainable and productive animal farming practices.
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