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Feed Acidulants Industry Growth, Opportunity Assessment, Trends, Share, Competition Forecast To 2023

Market Highlights

The rapid growth of the aquaculture industry due to the rising consumption of seafood is boosting the sales of acidulants for aquaculture feed. The global feed acidulants market has been segregated, by application, into ruminants, poultry, swine, aquaculture, and others. The poultry segment is expected to be dominant during the review period owing to the high consumption of additives in poultry feed. However, the aquaculture segment is expected to register the highest growth rate during the forecast period due to the surging demand for aquaculture feed.

Global Feed Acidulants Industry Growth are additives mixed in animal feed to impart flavor. They are also used as preservatives to inhibit the growth of mold in feed. Such additives increase the acidity of the product. These organic acids are emerging as an effective substitute for antibiotics in animal feed. In the US and Europe, a ban on the use of antibiotics in feed is one of the major determinants that is driving the growth of the feed acidulants market.

Competitive Analysis:

Some of the key players in the Global Feed Acidulants Market are-

  • Jefo Nutrition Inc. (Canada)
  • BASF SE (Germany)
  • Novus International (US)
  • Yara (Norway)
  • Kemin Industries Inc. (US)
  • Kemira Oyj (Finland)
  • Peterlabs Holding (Malaysia)
  • Biomin Holding GmbH (Austria)
  • Anpario plc (UK)

Regional Analysis

The Global Feed Acidulants Market has been segmented, on the basis of region, into North America, Europe, Asia-Pacific, the rest of the world.

Asia-Pacific is projected to dominate the global feed acidulants market and the regional market is projected to register the highest CAGR during the forecast period owing to the increasing production and consumption of animal feed in the region. India, Japan, China, and Thailand are the major contributors to market growth in the region.

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Segmentation

The global feed acidulants market has been segmented based on type, form, application, and region.

Based on type, the global feed acidulants market has been divided into lactic acid, formic acid, propionic acid, malic acid, citric acid, sorbic acid, acetic acid, and others.

By application, the global feed acidulants market has been categorized as ruminants, poultry, swine, aquaculture, and others.

The global feed acidulants market has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world.

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