The global feed acidulants market has the potential to grow by USD 826.41 million during 2020-2024, and the market's growth momentum will accelerate throughout the forecast period because of the steady increase in year-over-year growth.
This report provides a detailed analysis of the market by animal type (poultry, ruminant, swine, aquaculture, and others) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market's competitive landscape and offers information on several market vendors, including Anpario Plc, BASF SE, BIOMIN Holding GmbH, Corbion NV, Impextraco NV, Kemin Industries Inc., Kemira Oyj, Novus International Inc., Tate & Lyle Plc, and Yara International ASA.
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The feed acidulants market is currently moderately concentrated, and the degree of concentration will remain the same during the forecast period. Market vendors are focusing on expanding their production capabilities to cater to the growing demand for animal feed acidulants. Anpario Plc, BASF SE, and BIOMIN Holding GmbH are a few of the major market participants. Although the disease outbreaks in livestock will offer immense growth opportunities, the increasing demand for plant-based proteins will challenge the growth of market participants. To increase their feed acidulants market share, companies should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market positions, this feed acidulants market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market's competitive landscape and provides information on the products offered by various companies. Moreover, this feed acidulants market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading feed acidulant manufacturers, including:
APAC was the largest market for feed acidulants in 2019, and the region will continue to offer maximum growth opportunities to market vendors during the forecast period. Increasing meat production, new product launches, and rising investments by market vendors are some of the significant factors contributing to the feed acidulants market growth in this region.
Almost 45% of the market's growth will originate from APAC during the forecast period. China is a key market for feed acidulants in APAC. Market growth in this region will be faster than the growth of the market in other geographies.
Feed Acidulants Market: Segmentation by Animal Type
The increasing consumption of poultry meat has boosted the demand for feed acidulants from the poultry segment. Rising concerns about animal health, growing demand for eggs, and consumer preferences for a specific color of yolk and meat are a few of the other factors fueling the feed acidulants market growth by the poultry segment.
However, market growth by the poultry segment will be faster than the growth of the market by the ruminant and swine segments. This report provides an accurate prediction of the contribution of all the segments to the growth of the feed acidulants market size.
Feed Acidulants Market: Key Drivers and Trends
The rising disease outbreaks in livestock has been identified as one of the significant factors driving the feed acidulants market growth. Livestock and poultry diseases such as foot-and-mouth disease, rinderpest, contagious bovine pleuropneumonia, rift valley fever, swine vesicular disease, and avian influenza adversely affect global meat consumption and production. These disease outbreaks also affect the supply of raw materials, increase production costs, reduce operating margins, and inhibit sustained investments in livestock production. Moreover, such outbreaks can lead to a ban on meat sales and trade and affect consumption patterns. Hence, farmers are increasingly focusing on the use of natural growth promoters (NGP) and feed additives such as antioxidants, acidulants, vitamins, enzymes, and probiotics to prevent the outbreak of livestock diseases and improve the overall feed absorption and assimilation. Feed additives such as acidulants increase the nutritional quality of feed and consequently improve the health of livestock. Hence, with rising disease outbreaks in livestock, the demand for feed acidulants will also grow.
Market vendors are increasing their investments in R&D and focusing on the development of sustainable technologies for animal feed acidulant production.
The adoption of new technologies, which is one of the critical feed acidulants market trends, will enable market vendors to increase their production capabilities.
Investments in the development of new technology centers are also increasing.
Manufacturers are focusing on expanding their production capabilities to cater to the growing demand for animal feed acidulant products worldwide.
During 2020-2024, the feed acidulants market will grow at a CAGR of over 5%.