Market Overview
Feed acidulants 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 Acidulants market demand. Additionally, 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 Acidulants market demand has been segmented by type, form, and application.
Based on type, the global Acidulants market demand has been segmented into lactic acid, formic acid, propionic acid, malic acid, citric acid, sorbic acid, acetic acid, and others. The propionic acid segment is projected to be the largest during the assessment period due to the widespread use of propionic acid as a feed preservative in animal feed. It is a generally recognized as safe (GRAS) ingredient that helps in inhibiting mold growth in feed. However, the formic acid segment is expected to register the highest CAGR during the forecast period owing to its multiple functionalities. It acts as a preservative, ensiling agent, and acidifier which helps in improving feed efficacy.
Key Players
Some of the key players in the global Acidulants market demand 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), Nutrex NV (Belgium), and Tate & Lyle (UK).
Market Segmentation:
The global Acidulants market demand has been segmented on the basis of type, form, application, and region.
By type, the global Acidulants market demand has been classified as lactic acid, formic acid, propionic acid, malic acid, citric acid, sorbic acid, acetic acid, and others.
By form, the global Acidulants market demand has been categorized as dry and liquid.
The global Acidulants market demand has also been divided, on the basis of application, into ruminants, poultry, swine, aquaculture, and others.
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Regional Analysis
The global 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 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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