PUBLISHER: The Business Research Company | PRODUCT CODE: 1391216
PUBLISHER: The Business Research Company | PRODUCT CODE: 1391216
“Feed Acidifiers Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on feed acidifiers market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for feed acidifiers? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The feed acidifiers market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The use of feed acidifiers is essential for inhibiting the growth of pathogenic bacteria in animal feed. These acidifiers are incorporated into feeds to lower the pH levels of the feed, gut, and microbial cytoplasm, effectively preventing the proliferation of harmful intestinal microflora. By reducing competition for host nutrients among bacteria, feed acidifiers contribute to improved development and performance in animals.
The primary types of feed acidifiers include propionic acid, fumaric acid, lactic acid, formic acid, and others. Propionic feed acidifiers, for instance, are employed to reduce acidogenesis. When propionic acid is introduced into a glucose-containing growth medium, it forms a random copolymer consisting of 3-hydroxybutyrate and 3-hydroxy valerate. Feed acidifiers are available in various forms such as dry and liquid, and they are categorized by livestock types including poultry, swine, ruminants, aquaculture, pets, and others. These compounds are often blended into singular formulations for practical use.
The feed acidifiers market research report is one of a series of new reports from The Business Research Company that provides feed acidifiers market statistics, including global feed acidifiers industry size, regional shares, competitors with a feed acidifiers market share, detailed feed acidifiers market segments, market trends and opportunities, and any further data you may need to thrive in the feed acidifiers industry. This feed acidifiers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.
The feed acidifiers market size has grown strongly in recent years. It will grow from $2.69 billion in 2023 to $2.91 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period of feed acidifiers can be attributed to the expansion of the livestock industry, a focus on disease control, efforts to reduce antibiotic usage, improvements in feed conversion rates, and adherence to regulatory compliance standards.
The feed acidifiers market size is expected to see strong growth in the next few years. It will grow to $4.05 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period for feed acidifiers can be attributed to the emphasis on sustainable livestock farming, addressing global food security concerns, the persistent need for alternatives to antibiotics, the increasing demand for health and wellness, and continuous research and development efforts. Major trends in the forecast period include the development of organic and natural acidifiers, the application of microencapsulation technology, exploration of acidifier blends and combinations, and synergies between probiotics and acidifiers.
The feed acidifier market is anticipated to witness growth driven by the increasing demand for meat and dairy products. This demand, stemming from the desire for a balanced and protein-rich diet, is expected to boost global meat production to approximately 360 million tons in 2022, reflecting a 1.2% increase from the previous year. Similarly, beef production is projected to reach 73.9 million tons globally, indicating a 1.4% rise. Moreover, the anticipated growth in global milk output, expected to expand by 177 million tons by 2025, further underscores the robust demand for dairy products. Feed acidifiers play a crucial role in promoting mineral absorption from animal-based products by enhancing nutrient digestibility, contributing to the overall growth of the feed acidifier market.
The rising incidence of livestock diseases is poised to drive the feed acidifier market forward. Livestock diseases pose a significant threat to animals raised for agricultural purposes, necessitating preventive measures to ensure their health and well-being. Feed acidifiers, commonly employed in livestock production, act as a preventive measure against diseases. This is particularly pertinent in the context of global challenges, such as the H5N1 high-pathogenicity avian influenza outbreaks in poultry, where more than 131 million domestic poultry were lost in affected farms in 2022. The increasing prevalence of livestock diseases accentuates the importance of feed acidifiers in safeguarding animal health and, consequently, propels the growth of the feed acidifier market.
A notable trend in the feed acidifier market is the emergence of strategic partnerships among major industry players. These partnerships are strategic collaborations aimed at strengthening companies' market positions. For instance, Azelis, a Belgium-based service provider to the food industry, entered into a partnership with Perstorp AB, a Sweden-based chemical company, in January 2021. This partnership focuses on representing both companies in Great Britain for their range of animal nutrition products, including gut health solutions, feed hygiene solutions, acidifiers, silage additives, and total mixed ration and grain preservatives. Additionally, Evonik Industries AG, a Germany-based feed additives company, formed a partnership with AgTech Garage, a Brazil-based agribusiness networking company, in June 2022. This collaboration aims to enhance proximity and collaborative opportunities within the regional agribusiness network, exemplifying the trend of strategic partnerships in the feed acidifier market.
Prominent companies within the feed acidifiers industry are embracing a strategic partnership approach to drive innovation and commercialize novel feed additives geared towards enhancing gut health and animal performance. This strategic collaboration involves leveraging the complementary strengths and resources of companies to achieve mutual benefits. For example, in January 2023, Nutreco NV, a Netherlands-based food processing company, forged a partnership with BiomEdit, a US-based technology company. This collaboration is strategically focused on advancing feed additives through microbiome technology. The objective is to pioneer the development, discovery, and commercialization of next-generation ultra-specialty feed additives known as biome-actives. These additives aim to effectively address health and sustainability challenges faced by livestock producers.
In a similar vein, Eastman Chemical Company, a notable US-based chemical company, made strategic moves in the feed acidifiers sector. In May 2021, Eastman Chemical Company successfully acquired 3F Feed & Food, a Spanish company, for an undisclosed amount. This strategic acquisition is anticipated to enhance Eastman's product portfolio by combining its chemical expertise with 3F's robust research and development capabilities. The collaboration aims to introduce new molecules into the market, addressing various needs related to animal health, nutraceuticals, and feed preservation. 3F Feed & Food specializes in the production of preservatives and acidifiers, providing liquids and powders that contribute to the sanitation, safety, and preservation of animal health in the feed industry. This strategic partnership exemplifies the industry's commitment to innovation and collaborative efforts in advancing feed acidifiers.
Major companies operating in the feed acidifiers market include BASF SE, Yara International ASA, Kemin Industries, Biomin Holding GmbH, Kemira Oyj, Perstorp Holding AB, Novus International Inc., Corbion NV, Impextraco NV, Addcon Group GmbH, Anpario PLC, PeterLabs Holdings Berhad, JEFO Nutrition Inc., Pancosma SA, Nutrex NV, Koninklijke DSM N.V., Diamond V, Bluestar Adisseo Nutrition Group Ltd., Alltech Inc., Borregaard AS, Cargill Inc., Provimi Holding BV, Selko Feed Additives, Trouw Nutrition International, Vetagro S.p.A., Produktionsgesellschaft mbH, Chr. Hansen Holding A/S, Danisco Animal Nutrition, Devenish Nutrition Limited
Asia-Pacific was the largest region in the feed acidifiers market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the feed acidifier market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the feed acidifiers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The feed acidifier market consists of sales of formic acid, citric acid, propionic acid, lactic acid, essential oils. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.