Feed Acidifiers Market Forecasts to 2028 - Global Analysis By Product (Amino Acids, Antibiotics), Type (Sorbic acid,Propionic acid, Citric acid and By Geography

According to Stratistics MRC, the Global Feed Acidifiers Market is accounted for $ 3.48 billion in 2022 and is expected to reach $5.26 billion by 2028 growing at a CAGR of 7.1% during the forecast period. Acidifiers are known to sustain small portion of pH in the livestock reducing diseases and improving homogenous combination of the feed. They are also known to substitute the effects of few medications. Acidifiers are also originating to intensify congestion and microbiological balance in the nutrient and digestive tracts of livestock.

According to the FAS-USDA report, animal production is increasing every year to meet the growing demand for animal products, including eggs, meat, and milk leading to the increase in the consumption of animal feeds. As per Alltech global feed production survey report, the global animal feed production was 1,207.9 million metric tons in 2020, which reached 1,235.5 million metric tons by 2021. This rise in animal feed production is expected to drive the animal feed acidifiers market in a positive trend. According to FAO estimates, the total production of poultry meat in the world in 2020 increased to 133.4 million metric tons. This amounts to almost half the growth rate in 2019. China, the United States, Brazil, South Africa, and Mexico are thought to have the largest share of production growth in 2020.

Market Dynamics:

Driver:

Rising need for protecting animals from numerous livestock diseases

Rising awareness and preference for quality products and concerns about the health of livestock, increasing prevalence of various livestock diseases, bans on certain antibiotics, and discontinuation of some additives including Formaldehyde and Ethoxyquin by the European Union (EU), and growing number of initiatives and investments by governments of various countries across the globe are major factors driving market revenue growth.

Restraint:

High cost

Rising prices of feed acidifiers and availability of substitutes for feed acidifiers are key factors that could restrain market revenue growth during the forecast period. Price for feed acidifiers keep fluctuating depending on availability of raw materials, as a result demand for these commodities is being hampered. Manufacturers of food acidifiers are facing rising commodity costs and decreasing supply, resulting in conflicts and increased pricing structures. Demand for formic acid and propionic acid is expected to rise as these are used in wide range of applications including animal nutrition, resulting in rise in product price.

Opportunity:

Encapsulation techniques being used for feed acidifiers

Feed acidifiers have positive effects on livestock health but are often difficult to properly process in feed. Acidifiers tend to lose their efficacy and efficiency, owing to their vulnerability to high temperatures, dusty environment, significant odors, and other volatile properties. As a result, manufacturers are now coming up with newer technologies that help improve feed efficiency by successfully locking in feed acidifiers along with their relevant efficacies and properties. Encapsulation acts as a novel technology for feed products, especially for acidifiers that allow them to improve their release and enteric action and have a longer shelf-life by protecting them against environmental changes, by keeping the liquid, gaseous, or solid acidifier substance packed in a tiny millimetric capsule. These acidifiers are encapsulated in such a manner that the digestive tract obtains small quantities of various acids in a progressive manner. As a result, the amount of acidifiers released into the stomach remains low while the amount reaching the intestinal tract is higher, thereby improving operating efficiency. Along with this protection against extreme environmental factors, encapsulation also maintains the key properties of acidifiers, such as the enhancement of palatability, stability in ration, improved digestion, and better livestock performance.

Threat:

Effectiveness maintenance of feed acidifiers

The corrosive property of feed acidifiers results in significant damage while handling them, and also to the equipment where the product is processed or stored. Furthermore, manufacturers and distributors of feed acidifiers are looking at formulating efficient supply chain models for acidifiers, as these products may tend to lose their efficacy during transport. Although the regional network to reach customers is established through distributors, the feed acidifiers market has been shifting toward service-based requirements to gain market presence. The distribution of acidifiers without losing the natural nutrient quality requires effective packaging systems and a strong supply chain. In order to maintain this stability and effectiveness of acidifiers, manufacturers prefer delivering this product directly to the customer's location. This approach could also help increase customer satisfaction, and help improve the market presence of companies. Therefore, an efficient supply chain planning and management system is required to maintain the inventory and improve the storage of different acidifier ingredients. In such cases, manufacturers are required to maintain strong sales and analysis teams to identify and provide customer solutions, and to cater to such customer requirements. However, salts of organic acids remain colourless and mostly less corrosive in nature, than their acidic forms, and are easier to handle during the feed manufacturing process, making these the more preferred product. These factors make it difficult for manufacturers to maintain proper acidifier efficacy levels, thereby inhibiting market growth.

COVID-19 was a nuisance virus that sometimes had dangerous and (rarely) deadly outcomes. COVID-19 was considered to be a global threat by all governments. They responded by imposing lockdowns and quarantines. The result was an economic slowdown because many key industries were forced to shut down at least temporarily. The global feed acidifiers market was no exception. Many of the manufacturers found production dropping dramatically because raw materials were either exorbitantly priced or were in short supply. The manufacturers were forced to pass these higher production costs onto the end consumer in the form of higher prices. The COVID-19 pandemic, have somehow reduced the production level of protein and growth promoters, but still, for better health of livestock in current scenario, the demand of feed acidifiers is getting rise rapidly, which tends to increase the growth of the market.

The Poultry segment is expected to be the largest during the forecast period

The Poultry segment is expected to be the largest during the forecast period As, poultry constitutes the largest segment of meat production in the global meat industry. Broilers, cages, and breeders domesticated for commercial use to produce eggs and meat are known to be poultry.

The Dry segment is expected to have the highest CAGR during the forecast period

The Dry segment is expected to have the highest CAGR during the forecast period Lactic Acids, and Others. Feed acidifiers are most widely used in their dry form. Most companies in this market offer their products in the dry form, due to its ease of usage, storage, and transportability. These products are widely used in feed formulations due to their free-flowing structure and their ability to provide consistency. Such factors are expected to drive the market for the dry form of feed acidifiers during the forecast period.

Region with highest share:

Europe is projected to hold the largest market share during the forecast period As there is strong demand from the poultry industry, as well as the ban on antibiotics to secure the supply of safe food, is expected to result in an increased demand for poultry feed acidifiers. Moreover, the ban on antibiotics within the European Union has moved acidifiers to the center of attention, as they are the next most adequate alternative to the use of antibiotics.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period owing to increasing awareness of the benefits of using meat, rising demand for meat, increasing demands for feed additives, and rising focus on the livestock feed. This increased demand for meat has triggered meat production in the region, which has resulted in increased consumption of feed additives such as acidifiers and a healthy growth rate is expected. In addition, various countries, including South Korea and Slovakia, have prohibited imports of pork from Germany because of the health risks involved. Using natural feed additives, like acidifiers, provides animals with healthy nutrition and protects them against other adverse environmental entities.

Key players in the market

Some of the key players profiled in the Feed Acidifiers Market include Yara International Asa, Basf Se, Archer Daniels Midland Company (ADM), Kemira Oyj, Charoen Pokphand Foods Public Company Limited, Novus International, Inc., Kemin Industries, Inc., Corbion Purac, Peterlabs Holding, Anpario plc, Elanco Animal Health, Inc., Perstorp Holding Ab, Biomin Holding Gmbh, Impextraco Nv, Nutrex Nv, Jefo Nutrition Inc, Trouw Nutrition International B.V, Novozymes Adisseo France S.A.S, Addcon Gmbh, Pancosma Sa and ADM Alliance Nutrition, Inc, Eastman Chemical Company.

Key Developments:

In Novemnber 2017: Novus International, Inc. announced that it had opened a new manufacturing facility in Calhoun County, Texas, US.

In May 2021: Eastman Chemical Company, a US-based chemical company, acquired 3F Feed & Food for an undisclosed amount. The combination of Eastman's chemical expertise together with 3F's R&D skills is expected to increase the product offering of new molecules that can be successfully deployed to a market. 3F Feed & Food is a Spanish firm that produces preservatives and acidifiers as well as liquids and powders for the sanitation, safety, and preservation of animal health nutraceuticals and feed.

In January 2018: Kemin acquired Agri-Marketing Corp. This provided exclusive distribution and manufacturing services for Kemin's products in Canada. The new Kemin location will focus on serving the animal nutrition and health market, as well as the pet food and rendering industries. It will look to grow its business through offering an expanded portfolio.

Products Covered:

• Amino Acids
• Antibiotics
• Antioxidants
• Carotenoids
• Enzymes
• Feed Enzymes
• Herbal Products
• Microflora Enhancers
• Probiotics
• Vitamins

Types Covered:

• Sorbic acid
• Propionic acid
• Malic acid
• Lactic acid
• Formic acid
• Citric acid

Livestock's Covered:

• Ruminants
• Poultry
• Aquaculture
• Swine
• Other Livestocks

Forms Covered:

• Dry
• Liquid

Compound's Covered:

• Single Compound
• Blended Compound

Applications Covered:

• Industrial
• Agricultural

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

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