Feed Acidulants Market

Feed Acidulants Market by Type (Propionic Acid, Formic Acid, Citric Acid, Lactic Acid, Sorbic Acid, Malic Acid, and Acetic Acid), Animal Type (Poultry, Ruminants, Swine, Aquaculture, Pets, and Equine), Compound, Form, and Region–Global Forecast to 2023

Report Code: AGI 6854 Jan, 2019, by marketsandmarkets.com

[213 Pages Report]The market for feed acidulants is projected to grow from USD 2.7 billion in 2018 to USD 3.5 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 5.1% during the forecast period. This is attributed to the growing government aids or funds in the feed industry and high threat of diseases among livestock.

Feed Acidulants Market

By compound, the blended segment is projected to be the largest contributor to feed acidulants market during the forecast period.

The use of blended acidulants compound is a new market development, with single compound acidulants still being used widely. However, their usage has increased significantly over the years, making it the more prominent one among both. Blended acidulant compounds help reduce the presence of harmful microorganisms in feed, in addition to promoting beneficial microbial growth in the gut. Conversely, the addition of antibiotics inhibits the growth of any microorganisms, even if they are beneficial to the livestock.

The dry acidulant form segment is projected to account for a larger market share during the forecast period.

Feed acidulants is widely used in dry form. Dry feed is available in the form of pellets, powder, and crumbles. It is a largely produced and consumed, globally. Most feed additive manufacturers in the market offer their feed acidulant in the dry form due to its ease of usage, storage, and transportation. Moreover, dry feed acidulants is widely used in animal diets, as it is affordable in comparison with liquid feed and requires less maintenance. Due to these factors, the segment is estimated to acquire a larger market share during the forecast period.

Feed Acidulants Market

Asia Pacific is projected to account for the largest market share during the forecast period.

Asia Pacific is the major revenue generating region in the feed acidulants market, the region is experiencing higher developments in the feed production and feed additives. With the rapid economic growth in the region, the demand for meat and dairy products is projected to increase, particularly in countries such as China, India, Japan, and Thailand for both domestic consumption as well as exports. The increasing demand for protein-rich livestock feed in New Zealand and Australia has led to growth in demand for feed acidulants for better and enhanced quality of meat and dairy products. Additionally, milk production in the Asia Pacific region was more than 40% (or more than one-third of the total milk production in the world) in 2016. Being the largest region in terms of both volume and value, consumers belong to varied economic strata, with varying food habits and demands.

Key Market Players

The major vendors in the global feed acidulants market are BASF SE (Germany), Yara International ASA (Norway), Kemin Industries Inc. (US), Kemira OYJ (Finland), and Biomin Holding GmbH (Austria). Impextraco NV (Belgium), Pancosma (Switzerland), Nutrex NV (Belgium), Perstorp Holding Ab (Sweden), Novus International (US), Jefo Nutrition Inc. (Canada), Anpario plc (UK), Corbion Purac (Netherlands), ADDCON Group (Germany), and Peterlabs holding (Malaysia) are other players that hold a significant share of the feed acidulants market. These players have broad industry coverage and strong operational and financial strength; they have grown organically and inorganically in the recent past. The industry players, such as BASF SE, among other feed acidulants manufacturers, are focusing on producing organic feed additives solutions such as acidulants. Moreover, key industry players such as Kemira OYJ and Yara International ASA, are adopting expansion as the key strategy to grow in the feed acidulants market. Expansions have helped companies to expand their geographic reach and acquire more customers from the untapped market.

Scope of the report

Report Metric

Details

Market size available for years

2016–2023

Base year considered

2017

Forecast period

2018–2023

Forecast units

Value (USD Million) and Volume (Kilotons)

Segments covered

Type, Function, Compound, Form, Animal Type, and Region

Geographies covered

North America, Asia Pacific, Europe, South America, and RoW

Companies covered

BASF SE (Germany), Yara International ASA (Norway), Kemin Industries Inc. (US), Kemira OYJ (Finland), and Biomin Holding GmbH (Austria), Impextraco NV (Belgium), Pancosma (Switzerland), Nutrex NV (Belgium), Perstorp Holding Ab (Sweden), Novus International (US), Jefo Nutrition Inc. (Canada), Anpario plc (UK), Corbion NV (Netherlands), ADDCON Group (Germany), and Peterlabs Holding (Malaysia)

This research report categorizes the feed acidulants market based on type, compound, form, function, animal type, and region.

On the basis of type, the feed acidulants market has been segmented as follows:

  • Propionic acid
  • Formic acid
  • Citric acid
  • Lactic acid
  • Sorbic acid
  • Malic acid
  • Acetic acid
  • Others (fumaric acid, tartaric acid, butyric acid, and benzoic acid)

On the basis of animal type, the feed acidulants market has been segmented as follows:

  • Poultry
  • Ruminants
  • Swine
  • Aquaculture
  • Pets
  • Equine

On the basis of compound, the feed acidulants market has been segmented as follows:

  • Blended
  • Single

On the basis of form, the feed acidulants market has been segmented as follows:

  • Dry
  • Liquid

On the basis of function, the feed acidulants market has been segmented as follows:

  • pH control
  • Feed efficiency
  • Flavor

On the basis of region, the feed acidulants market has been segmented as follows:

  • North America
  • Europe
  • Asia Pacific
  • South America
  • RoW (Africa and the Middle East)

Recent Developments:

  • In July 2018, BASF launched a low-corrosive organic acid, Lupro-Cid NA in Japan. Lupro-Cid NA enables high-quality silage preparation under challenging conditions. Thus, it would help dairy farmers protect feed quality and improve safety during silage making.
  • In April 2018, BASF and arc-net (Ireland), entered into a collaboration to support the animal production value chain in meeting the demand for feed products. BASF’s calculation tool, AgBalance Livestock, considers the life cycle impact of all inputs and outputs of animal protein production, i.e., from feedstuffs and feed production, to animal farming and manure management, to the slaughter.
  • In March 2018, Kemin launched a new feed acidulant based on formaldehyde, propionic acid, and surfactant agents—Sal CURB B liquid in Russia. This antimicrobial solution product brought a special synergistic combination of surface-active agents and powerful antimicrobial compounds for Kemin.

Key Questions addressed by the report:

  • Who are the major market players in the feed acidulants market?
  • What are the regional growth trends and the largest revenue-generating regions for feed acidulants?
  • Which are the major regions that are expected to witness the majority of the growth for feed acidulants?
  • What are the major types of feed acidulants that are expected to gain maximum market revenue and share during the forecast period?
  • Which is the major function of acidulants that will be accounting for the majority of the revenue over the forecast period?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 21)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Segmentation
    1.4 Periodization Considered
    1.5 Currency Considered
    1.6 Volume Unit Considered
    1.7 Stakeholders

2 Research Methodology (Page No. - 26)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
    2.3 Data Triangulation
    2.4 Research Assumptions & Limitations
           2.4.1 Research Assumptions
           2.4.2 Research Limitations

3 Executive Summary (Page No. - 34)

4 Premium Insights (Page No. - 38)
    4.1 Attractive Opportunities in the Feed Acidulants Market
    4.2 Feed Acidulants Market: Major Countries
    4.3 Asia Pacific: Feed Acidulants Market, By Type and Country
    4.4 Feed Acidulants Market, By Animal Type and Region
    4.5 Feed Acidulants Market, By Type and Region
    4.6 Feed Acidulants Market, By Form

5 Market Overview (Page No. - 43)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 High Threat of Diseases in Livestock
                    5.2.1.2 Increasing Consumption of Meat and Dairy Products
                    5.2.1.3 Ban on Antibiotics in the US and the European Union (EU)
                    5.2.1.4 Growing Government Aids Or Funds Promoting Feed Industry Wellness
           5.2.2 Restraints
                    5.2.2.1 Rising Prices of Feed Acidulants
           5.2.3 Opportunities
                    5.2.3.1 Encapsulation Processes Used for Feed Acidulants
           5.2.4 Challenges
                    5.2.4.1 Maintaining Efficacy of Feed Acidulants
    5.3 Value Chain Analysis
    5.4 Regulatory Framework
           5.4.1 US
           5.4.2 European Union
           5.4.3 China
           5.4.4 Japan
           5.4.5 India

6 Feed Acidulants Market, By Type (Page No. - 53)
    6.1 Introduction
    6.2 Propionic Acid
           6.2.1 Its Properties, Safe for Consumers, Animals, and the Environment to Drive This Market
    6.3 Formic Acid
           6.3.1 It Boasts Antibacterial Effects That Help to Preserve Feed, Which Drives This Market
    6.4 Citric Acid
           6.4.1 Increasing Demand to Improve Feed Effectiveness By Improving Livestock Performance and Non-Specific Immunity Drives This Market
    6.5 Lactic Acid
           6.5.1 Concentrated Efficacy Towards the Maintenance of Feed Safety is Projected to Further Drive the Demand for Lactic Acid
    6.6 Sorbic Acid
           6.6.1 The Growing Number of Livestock Disease Outbreaks have Encouraged Animal Breeders to Adopt Sorbic Acid as A Feed Preservative
    6.7 Malic Acid
           6.7.1 Aiding the Breakdown of Most Feed Into Nutrients, Which are Then Absorbed By Ruminants to Drive This Market
    6.8 Acetic Acid
           6.8.1 Providing Livestock Breeders With Effective and Cost-Efficient Feed Formulations to Drive This Market
    6.9 Others

7 Feed Acidulants Market, By Compound (Page No. - 65)
    7.1 Introduction
    7.2 Blended
           7.2.1 Growing Demand to Improve Livestock Health and Performance By Reducing the Presence of Harmful Microorganisms in Feed to Drive This Market
    7.3 Single Compound
           7.3.1 Its Property to Restrict and Control the Growth of Pathogenic Bacteria in the Feed Drives the Market

8 Feed Acidulants Market, By Form (Page No. - 74)
    8.1 Introduction
    8.2 Dry
           8.2.1 Ease of Usage, Storage, and Transportability of Dry Feed Acidulants Drives the Market
    8.3 Liquid
           8.3.1 Increase in Demand for Feed Preservatives Drives the Market

9 Feed Acidulants Market, By Function (Page No. - 79)
    9.1 Introduction
    9.2 PH Control
           9.2.1 Growing Awareness Towards Animal Health and Nutritional Diet Drives the Market
    9.3 Feed Efficiency
           9.3.1 Increasing Demand for Feed Conversion Rate and Feed Preservation Drives the Market
    9.4 Flavor
           9.4.1 Growing Demand for Feed Additives Which Improve the Appetizing of Feed Drives the Market

10 Feed Acidulants Market, By Animal Type (Page No. - 85)
     10.1 Introduction
     10.2 Poultry
             10.2.1 Rapid Growth in Poultry Meat Production is Expected to Further Increase the Demand for Superior Quality Feed, Thereby Propelling the Market for Feed Acidulants
     10.3 Swine
             10.3.1 Higher Consumption of Protein Rich Meat Such as Pork to Drive the Market
     10.4 Ruminants
             10.4.1 Growth in Demand for Quality Milk and Beef Products has Led to the Use of Feed Acidulants in Ruminant Diets
     10.5 Aquaculture
             10.5.1 Rapid Growth in the Aquaculture Industry Along With Increase in Conumption of Seafood to Drive the Market
     10.6 Pets
             10.6.1 Change in Lifestyle, Increase in Pet Population and High Investment on Quality and Premium Pet Food to Drive the Market
     10.7 Equine
             10.7.1 Usage of Feed Acidulants as an Efficient Enablers of Animal Feed for Equine to Drive the Market

11 Feed Acidulants Market, By Region (Page No. - 100)
     11.1 Introduction
     11.2 North America
             11.2.1 US
                        11.2.1.1 Increased Demand for A Protein-Rich Diet and Inclination of Animal Rearers Toward the Usage of Supplements has Driven the Market
             11.2.2 Mexico
                        11.2.2.1 Increasing Population of Livestock to Drive the Market
             11.2.3 Canada
                        11.2.3.1 Significant Growth in Livestock Industry Along With Modernization of the Dairy Industry in Canada to Drive the Market
     11.3 Europe
             11.3.1 Spain
                        11.3.1.1 Increasing Livestock Rearing and the Growing Feed Industry to Drive the Market
             11.3.2 France
                        11.3.2.1 Rise in Domestic Demand for Meat Products and Natural Growth Promoters for Livestock to Drive the Market
             11.3.3 Germany
                        11.3.3.1 Growth of Cattle and Swine Meat Consumption and Adoption of Safe and Healthier Feed Additives to Drive the Market
             11.3.4 UK
                        11.3.4.1 High Regulatory Framework and Increasing Demand for Nutritious Feed Products to Drive the Market
             11.3.5 Italy
                        11.3.5.1 Increase in the Usage of Naturally Sourced Additives to Drive the Market
             11.3.6 Rest of Europe
     11.4 Asia Pacific
             11.4.1 China
                        11.4.1.1 Rapid Growth in the Feed Industry Along With High Adoption Rate of Organic Feed Additives By Livestock Rearers to Drive the Market
             11.4.2 India
                        11.4.2.1 Rapid Economic Growth and Globalization, Which in Turn has Influenced the Growing Investment in Meat-Protein-Based Diet to Drive the Market
             11.4.3 Japan
                        11.4.3.1 Consumer Awareness About High-Quality Meat and Meat Products and Willingness of Livestock Rearers to Add Organically Sourced Feed Additives Drive the Market
             11.4.4 Thailand
                        11.4.4.1 High Competition and Feed Additive Diversification to Drive the Market
             11.4.5 Vietnam
                        11.4.5.1 Increasing Consumption of Meat, Especially Beef and Pork, Together With Growth in Livestock Population to Drive the Market
             11.4.6 Rest of Asia Pacific
     11.5 South America
             11.5.1 Brazil
                        11.5.1.1 Growing Health Awareness About the Technical and Clinical Benefits of Feed Acidulants to Drive the Market
             11.5.2 Argentina
                        11.5.2.1 Significant Rise in the Production of Meat and Livestock-Based Products Along With Increase in Demand for Feed Efficiency to Drive the Market
             11.5.3 Rest of South America
     11.6 Rest of the World (RoW)
             11.6.1 Africa
                        11.6.1.1 Growing Livestock Population and Rising Demand for Better Quality Meat and Dairy Products to Drive the Market
             11.6.2 Middle East
                        11.6.2.1 Rising Demand to Improve the Feed Efficiency to Meet the Growing Meat Consumption to Drive the Market

12 Competitive Landscape (Page No. - 174)
     12.1 Overview
     12.2 Competitive Scenario
     12.3 Market Ranking Analysis
     12.4 Expansions
     12.5 Acquisitions
     12.6 New Product Launches
     12.7 Collaborations

13 Company Profiles (Page No. - 179)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis & MnM View)*
     13.1 Introduction
     13.2 BASF SE
     13.3 Yara International ASA
     13.4 Kemin Industries, Inc.
     13.5 Kemira OYJ
     13.6 Perstorp Holding AB
     13.7 Biomin Holding GmbH
     13.8 Peterlabs Holdings Berhad
     13.9 Jefo Nutrition, Inc.
     13.10 Pancosma SA
     13.11 Nutrex NV
     13.12 Addcon Group GmbH
     13.13 Anpario PLC
     13.14 Novus International, Inc.
     13.15 Corbion NV
     13.16 Impextraco NV

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis & MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 206)
     14.1 Discussion Guide
     14.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.3 Available Customizations
     14.4 Related Reports
     14.5 Author Details


List of Tables (216 Tables)

Table 1 US Dollar Exchange Rate Considered for the Study, 2013–2017
Table 2 Feed Acidulants Market Snapshot, 2018 vs 2023
Table 3 Feed Acidulants Market Size, By Type, 2016–2023 (KT)
Table 4 Feed Acidulants Market Size, By Type, 2016–2023 (USD Million)
Table 5 Propionic Acid: Feed Acidulants Market Size, By Region, 2016–2023 (KT)
Table 6 Propionic Acid: Feed Acidulants Market Size, By Region, 2016–2023 (USD Million)
Table 7 Formic Acid: Feed Acidulants Market Size, By Region, 2016–2023 (KT)
Table 8 Formic Acid: Feed Acidulants Market Size, By Region, 2016–2023 (USD Million)
Table 9 Citric Acid: Feed Acidulants Market Size, By Region, 2016–2023 (KT)
Table 10 Citric Acid: Feed Acidulants Market Size, By Region, 2016–2023 (USD Million)
Table 11 Lactic Acid: Feed Acidulants Market Size, By Region, 2016–2023 (KT)
Table 12 Lactic Acid: Feed Acidulants Market Size, By Region, 2016–2023 (USD Million)
Table 13 Sorbic Acid: Feed Acidulants Market Size, By Region, 2016–2023 (KT)
Table 14 Sorbic Acid: Feed Acidulants Market Size, By Region, 2016–2023 (USD Million)
Table 15 Malic Acid: Feed Acidulants Market Size, By Region, 2016–2023 (KT)
Table 16 Malic Acid: Feed Acidulants Market Size, By Region, 2016–2023 (USD Million)
Table 17 Acetic Acid: Feed Acidulants Market Size, By Region, 2016–2023 (KT)
Table 18 Acetic Acid: Feed Acidulants Market Size, By Region, 2016–2023 (USD Million)
Table 19 Others Acid: Feed Acidulants Market Size, By Region, 2016–2023 (KT)
Table 20 Others: Feed Acidulants Market Size, By Region, 2016–2023 (USD Million)
Table 21 Feed Acidulants Market Size, By Compound, 2016–2023 (KT)
Table 22 Feed Acidulants Market Size, By Compound, 2016–2023 (USD Million)
Table 23 Blended Compound Feed Acidulants Market Size, By Region, 2016–2023 (KT)
Table 24 Blended Compound Feed Acidulants Market Size, By Region, 2016–2023 (USD Million)
Table 25 North America: Blended Compound Feed Acidulants Market Size, By Country, 2016–2023 (KT)
Table 26 Europe: Blended Compound Feed Acidulants Market Size, By Country, 2016–2023 (KT)
Table 27 Asia Pacific: Blended Compound Feed Acidulants Market Size, By Country, 2016–2023 (KT)
Table 28 South America: Blended Compound Feed Acidulants Market Size, By Country, 2016–2023 (KT)
Table 29 RoW: Blended Compound Feed Acidulants Market Size, By Region, 2016–2023 (KT)
Table 30 Single Compound Feed Acidulants Market Size, By Region, 2016–2023 (KT)
Table 31 Single Compound Feed Acidulants Market Size, By Region, 2016–2023 (USD Million)
Table 32 North America: Single Compound Feed Acidulants Market Size, By Country, 2016–2023 (KT)
Table 33 Europe: Single Compound Feed Acidulants Market Size, By Country, 2016–2023 (KT)
Table 34 Asia Pacific: Single Compound Feed Acidulants Market Size, By Country, 2016–2023 (KT)
Table 35 South America: Single Compound Feed Acidulants Market Size, By Country, 2016–2023 (KT)
Table 36 RoW: Single Compound Feed Acidulants Market Size, By Region, 2016–2023 (KT)
Table 37 Feed Acidulants Market Size, By Form, 2016–2023 (KT)
Table 38 Feed Acidulants Market Size, By Form, 2016–2023 (USD Million)
Table 39 Dry Feed Acidulants Market Size, By Region, 2016–2023 (KT)
Table 40 Dry Feed Acidulants Market Size, By Region, 2016–2023 (USD Million)
Table 41 Liquid Feed Acidulants Market Size, By Region, 2016–2023 (KT)
Table 42 Liquid Feed Acidulants Market Size, By Region, 2016–2023 (USD Million)
Table 43 Feed Acidulants Market Size, By Function, 2016–2023 (KT)
Table 44 Feed Acidulants Market Size, By Function, 2016–2023 (USD Million)
Table 45 Ph Control: Feed Acidulants Market Size, By Region, 2016–2023 (KT)
Table 46 Ph Control: Feed Acidulants Market Size, By Region, 2016–2023 (USD Million)
Table 47 Feed Efficiency: Feed Acidulants Market Size, By Region, 2016–2023 (KT)
Table 48 Feed Efficiency: Feed Acidulants Market Size, By Region, 2016–2023 (USD Million)
Table 49 Flavor: Feed Acidulants Market Size, By Region, 2016–2023 (KT)
Table 50 Flavor: Feed Acidulants Market Size, By Region, 2016–2023 (USD Million)
Table 51 Feed Acidulants Market Size, By Animal Type, 2016–2023 (USD Million)
Table 52 Feed Acidulants Market Size, By Animal Type, 2016–2023 (KT)
Table 53 Poultry Feed Acidulants Market Size, By Region, 2016–2023 (USD Million)
Table 54 Poultry Feed Acidulants Market Size, By Region, 2016–2023 (KT)
Table 55 Poultry Feed Acidulants Market Size, By Poultry Type, 2016–2023 (USD Million)
Table 56 Poultry Feed Acidulants Market Size, By Poultry Type, 2016–2023 (KT)
Table 57 Swine Feed Acidulants Market Size, By Region, 2016–2023 (USD Million)
Table 58 Swine Feed Acidulants Market Size, By Region, 2016–2023 (KT)
Table 59 Swine Feed Acidulants Market Size, By Swine Type, 2016–2023 (USD Million)
Table 60 Swine: Feed Acidulants Market Size, By Swine Type, 2016–2023 (KT)
Table 61 Ruminant Feed Acidulants Market Size, By Region, 2016–2023 (USD Million)
Table 62 Ruminant Feed Acidulants Market Size, By Region, 2016–2023 (KT)
Table 63 Ruminant Feed Acidulants Market Size, By Ruminant Type, 2016–2023 (USD Million)
Table 64 Ruminant Feed Acidulants Market Size, By Ruminant Type, 2016–2023 (KT)
Table 65 Aquaculture Feed Acidulants Market Size, By Region, 2016–2023 (USD Million)
Table 66 Aquaculture Feed Acidulants Market Size, By Region, 2016–2023 (KT)
Table 67 Pet Food Acidulants Market Size, By Region, 2016–2023 (USD Million)
Table 68 Pet Food Acidulants Market Size, By Region, 2016–2023 (KT)
Table 69 Pet Food Acidulants Market Size, By Pet Type, 2016–2023 (USD Million)
Table 70 Pet Food Acidulants Market Size, By Pet Type, 2016–2023 (KT)
Table 71 Equine Feed Acidulants Market Size, By Region, 2016–2023 (USD Million)
Table 72 Equine Feed Acidulants Market Size, By Region, 2016–2023 (KT)
Table 73 Feed Acidulants Market Size, By Region, 2016–2023 (KT)
Table 74 Feed Acidulants Market Size, By Region, 2016–2023 (USD Million)
Table 75 North America: Feed Acidulants Market Size, By Country, 2016–2023 (KT)
Table 76 North America: Feed Acidulants Market Size, By Country, 2016–2023 (USD Million)
Table 77 North America: Feed Acidulants Market Size, By Type, 2016–2023 (KT)
Table 78 North America: Feed Acidulants Market Size, By Type, 2016–2023 (USD Million)
Table 79 North America: Feed Acidulants Market Size, By Compound, 2016–2023 (KT)
Table 80 North America: Feed Acidulants Market Size, By Compound, 2016–2023 (USD Million)
Table 81 North America: Feed Acidulants Market Size, By Form, 2016–2023 (KT)
Table 82 North America: Feed Acidulants Market Size, By Form, 2016–2023 (USD Million)
Table 83 North America: Feed Acidulants Market Size, By Function, 2016–2023 (KT)
Table 84 North America: Feed Acidulants Market Size, By Function, 2016–2023 (USD Million)
Table 85 North America: Feed Acidulants Market Size, By Animal Type, 2016–2023 (KT)
Table 86 North America: Feed Acidulants Market Size, By Animal Type, 2016–2023 (USD Million)
Table 87 US: Feed Acidulants Market Size, By Type, 2016–2023 (KT)
Table 88 US: Feed Acidulants Market Size, By Type, 2016–2023 (USD Million)
Table 89 US: Feed Acidulants Market Size, By Compound, 2016–2023 (KT)
Table 90 US: Feed Acidulants Market Size, By Compound, 2016–2023 (USD Million)
Table 91 Mexico: Feed Acidulants Market Size, By Type, 2016–2023 (KT)
Table 92 Mexico: Feed Acidulants Market Size, By Type, 2016–2023 (USD Million)
Table 93 Mexico: Feed Acidulants Market Size, By Compound, 2016–2023 (KT)
Table 94 Mexico: Feed Acidulants Market Size, By Compound, 2016–2023 (USD Million)
Table 95 Canada: Feed Acidulants Market Size, By Type, 2016–2023 (KT)
Table 96 Canada: Feed Acidulants Market Size, By Type, 2016–2023 (USD Million)
Table 97 Canada: Feed Acidulants Market Size, By Compound, 2016–2023 (KT)
Table 98 Canada: Feed Acidulants Market Size, By Compound, 2016–2023 (USD Million)
Table 99 Europe: Feed Acidulants Market Size, By Country, 2016–2023 (KT)
Table 100 Europe: Feed Acidulants Market Size, By Country, 2016–2023 (USD Million)
Table 101 Europe: Feed Acidulants Market Size, By Type, 2016–2023 (KT)
Table 102 Europe: Feed Acidulants Market Size, By Type, 2016–2023 (USD Million)
Table 103 Europe: Feed Acidulants Market Size, By Compound, 2016–2023 (KT)
Table 104 Europe: Feed Acidulants Market Size, By Compound, 2016–2023 (USD Million)
Table 105 Europe: Feed Acidulants Market Size, By Form, 2016–2023 (KT)
Table 106 Europe: Feed Acidulants Market Size, By Form, 2016–2023 (USD Million)
Table 107 Europe: Feed Acidulants Market Size, By Function, 2016–2023 (KT)
Table 108 Europe: Feed Acidulants Market Size, By Function, 2016–2023 (USD Million)
Table 109 Europe: Feed Acidulants Market Size, By Animal Type, 2016–2023 (KT)
Table 110 Europe: Feed Acidulants Market Size, By Animal Type, 2016–2023 (USD Million)
Table 111 Spain: Feed Acidulants Market Size, By Type, 2016–2023 (KT)
Table 112 Spain: Feed Acidulants Market Size, By Type, 2016–2023 (USD Million)
Table 113 Spain: Feed Acidulants Market Size, By Compound, 2016–2023 (KT)
Table 114 Spain: Feed Acidulants Market Size, By Compound, 2016–2023 (USD Million)
Table 115 France: Feed Acidulants Market Size, By Type, 2016–2023 (KT)
Table 116 France: Feed Acidulants Market Size, By Type, 2016–2023 (USD Million)
Table 117 France: Feed Acidulants Market Size, By Compound, 2016–2023 (KT)
Table 118 France: Feed Acidulants Market Size, By Compound, 2016–2023 (USD Million)
Table 119 Germany: Feed Acidulants Market Size, By Type, 2016–2023 (KT)
Table 120 Germany: Feed Acidulants Market Size, By Type, 2016–2023 (USD Million)
Table 121 Germany: Feed Acidulants Market Size, By Compound, 2016–2023 (KT)
Table 122 Germany: Feed Acidulants Market Size, By Compound, 2016–2023 (USD Million)
Table 123 UK: Feed Acidulants Market Size, By Type, 2016–2023 (KT)
Table 124 UK: Feed Acidulants Market Size, By Type, 2016–2023 (USD Million)
Table 125 UK: Feed Acidulants Market Size, By Compound, 2016–2023 (KT)
Table 126 UK: Feed Acidulants Market Size, By Compound, 2016–2023 (USD Million)
Table 127 Italy: Feed Acidulants Market Size, By Type, 2016–2023 (KT)
Table 128 Italy: Feed Acidulants Market Size, By Type, 2016–2023 (USD Million)
Table 129 Italy: Feed Acidulants Market Size, By Compound, 2016–2023 (KT)
Table 130 Italy: Feed Acidulants Market Size, By Compound, 2016–2023 (USD Million)
Table 131 Rest of Europe: Feed Acidulants Market Size, By Type, 2016–2023 (KT)
Table 132 Rest of Europe: Feed Acidulants Market Size, By Type, 2016–2023 (USD Million)
Table 133 Rest of Europe: Feed Acidulants Market Size, By Compound, 2016–2023 (KT)
Table 134 Rest of Europe: Feed Acidulants Market Size, By Compound, 2016–2023 (USD Million)
Table 135 Asia Pacific: Feed Acidulants Market Size, By Country, 2016–2023 (KT)
Table 136 Asia Pacific: Feed Acidulants Market Size, By Country, 2016–2023 (USD Million)
Table 137 Asia Pacific: Feed Acidulants Market Size, By Type, 2016–2023 (KT)
Table 138 Asia Pacific: Feed Acidulants Market Size, By Type, 2016–2023 (USD Million)
Table 139 Asia Pacific: Feed Acidulants Market Size, By Compound, 2016–2023 (KT)
Table 140 Asia Pacific: Feed Acidulants Market Size, By Compound, 2016–2023 (USD Million)
Table 141 Asia Pacific: Feed Acidulants Market Size, By Form, 2016–2023 (KT)
Table 142 Asia Pacific: Feed Acidulants Market Size, By Form, 2016–2023 (USD Million)
Table 143 Asia Pacific: Feed Acidulants Market Size, By Animal Type, 2016–2023 (KT)
Table 144 Asia Pacific: Feed Acidulants Market Size, By Animal Type, 2016–2023 (USD Million)
Table 145 China: Feed Acidulants Market Size, By Type, 2016–2023 (KT)
Table 146 China: Feed Acidulants Market Size, By Type, 2016–2023 (USD Million)
Table 147 China: Feed Acidulants Market Size, By Compound, 2016–2023 (KT)
Table 148 China: Feed Acidulants Market Size, By Compound, 2016–2023 (USD Million)
Table 149 India: Feed Acidulants Market Size, By Type, 2016–2023 (KT)
Table 150 India: Feed Acidulants Market Size, By Type, 2016–2023 (USD Million)
Table 151 India: Feed Acidulants Market Size, By Compound, 2016–2023 (KT)
Table 152 India: Feed Acidulants Market Size, By Compound, 2016–2023 (USD Million)
Table 153 Japan: Feed Acidulants Market Size, By Type, 2016–2023 (KT)
Table 154 Japan: Feed Acidulants Market Size, By Type, 2016–2023 (USD Million)
Table 155 Japan: Feed Acidulants Market Size, By Compound, 2016–2023 (KT)
Table 156 Japan: Feed Acidulants Market Size, By Compound, 2016–2023 (USD Million)
Table 157 Thailand: Feed Acidulants Market Size, By Type, 2016–2023 (KT)
Table 158 Thailand: Feed Acidulants Market Size, By Type, 2016–2023 (USD Million)
Table 159 Thailand: Feed Acidulants Market Size, By Compound, 2016–2023 (KT)
Table 160 Thailand: Feed Acidulants Market Size, By Compound, 2016–2023 (USD Million)
Table 161 Vietnam: Feed Acidulants Market Size, By Type, 2016–2023 (KT)
Table 162 Vietnam: Feed Acidulants Market Size, By Type, 2016–2023 (USD Million)
Table 163 Vietnam: Feed Acidulants Market Size, By Compound, 2016–2023 (KT)
Table 164 Vietnam: Feed Acidulants Market Size, By Compound, 2016–2023 (USD Million)
Table 165 Rest of Asia Pacific: Feed Acidulants Market Size, By Type, 2016–2023 (KT)
Table 166 Rest of Asia Pacific: Feed Acidulants Market Size, By Type, 2016–2023 (USD Million)
Table 167 Rest of Asia Pacific: Feed Acidulants Market Size, By Compound, 2016–2023 (KT)
Table 168 Rest of Asia Pacific: Feed Acidulants Market Size, By Compound, 2016–2023 (USD Million)
Table 169 South America: Feed Acidulants Market Size, By Country, 2016–2023 (KT)
Table 170 South America: Feed Acidulants Market Size, By Country, 2016–2023 (USD Million)
Table 171 South America: Feed Acidulants Market Size, By Type, 2016–2023 (KT)
Table 172 South America: Feed Acidulants Market Size, By Type, 2016–2023 (USD Million)
Table 173 South America: Feed Acidulants Market Size, By Compound, 2016–2023 (KT)
Table 174 South America: Feed Acidulants Market Size, By Compound, 2016–2023 (USD Million)
Table 175 South America: Feed Acidulants Market Size, By Form, 2016–2023 (KT)
Table 176 South America: Feed Acidulants Market Size, By Form, 2016–2023 (USD Million)
Table 177 South America: Feed Acidulants Market Size, By Function, 2016–2023 (KT)
Table 178 South America: Feed Acidulants Market Size, By Function, 2016–2023 (USD Million)
Table 179 South America: Feed Acidulants Market Size, By Animal Type, 2016–2023 (KT)
Table 180 South America: Feed Acidulants Market Size, By Animal Type, 2016–2023 (USD Million)
Table 181 Brazil: Feed Acidulants Market Size, By Type, 2016–2023 (KT)
Table 182 Brazil: Feed Acidulants Market Size, By Type, 2016–2023 (USD Million)
Table 183 Brazil: Feed Acidulants Market Size, By Compound, 2016–2023 (KT)
Table 184 Brazil: Feed Acidulants Market Size, By Compound, 2016–2023 (USD Million)
Table 185 Argentina: Feed Acidulants Market Size, By Type, 2016–2023 (KT)
Table 186 Argentina: Feed Acidulants Market Size, By Type, 2016–2023 (USD Million)
Table 187 Argentina: Feed Acidulants Market Size, By Compound, 2016–2023 (KT)
Table 188 Argentina: Feed Acidulants Market Size, By Compound, 2016–2023 (USD Million)
Table 189 Rest of South America: Feed Acidulants Market Size, By Type, 2016–2023 (KT)
Table 190 Rest of South America: Feed Acidulants Market Size, By Type, 2016–2023 (USD Million)
Table 191 Rest of South America: Feed Acidulants Market Size, By Compound, 2016–2023 (KT)
Table 192 Rest of South America: Feed Acidulants Market Size, By Compound, 2016–2023 (USD Million)
Table 193 RoW: Feed Acidulants Market Size, By Region, 2016–2023 (KT)
Table 194 RoW: Feed Acidulants Market Size, By Region, 2016–2023 (USD Million)
Table 195 RoW: Feed Acidulants Market Size, By Type, 2016–2023 (KT)
Table 196 RoW: Feed Acidulants Market Size, By Type, 2016–2023 (USD Million)
Table 197 RoW: Feed Acidulants Market Size, By Compound, 2016–2023 (KT)
Table 198 RoW: Feed Acidulants Market Size, By Compound, 2016–2023 (USD Million)
Table 199 RoW: Feed Acidulants Market Size, By Form, 2016–2023 (KT)
Table 200 RoW: Feed Acidulants Market Size, By Form, 2016–2023 (USD Million)
Table 201 RoW: Feed Acidulants Market Size, By Function, 2016–2023 (KT)
Table 202 RoW: Feed Acidulants Market Size, By Function, 2016–2023 (USD Million)
Table 203 RoW: Feed Acidulants Market Size, By Animal Type, 2016–2023 (KT)
Table 204 RoW: Feed Acidulants Market Size, By Animal Type, 2016–2023 (USD Million)
Table 205 Africa: Feed Acidulants Market Size, By Type, 2016–2023 (KT)
Table 206 Africa: Feed Acidulants Market Size, By Type, 2016–2023 (USD Million)
Table 207 Africa: Feed Acidulants Market Size, By Compound, 2016–2023 (KT)
Table 208 Africa: Feed Acidulants Market Size, By Compound, 2016–2023 (USD Million)
Table 209 Middle East: Feed Acidulants Market Size, By Type, 2016–2023 (KT)
Table 210 Middle East: Feed Acidulants Market Size, By Type, 2016–2023 (USD Million)
Table 211 Middle East: Feed Acidulants Market Size, By Compound, 2016–2023 (KT)
Table 212 Middle East: Feed Acidulants Market Size, By Compound, 2016–2023 (USD Million)
Table 213 Expansions, 2016
Table 214 Acquisitions, 2016–2018
Table 215 New Product Launches, 2016–2018
Table 216 Collaborations, 2017–2018


List of Figures (43 Figures)

Figure 1 Feed Acidulants Market Snapshot
Figure 2 Feed Acidulants Market, By Region
Figure 3 Feed Acidulants Market: Research Design
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Feed Acidulants Market Size, By Type, 2018 vs 2023 (USD Million)
Figure 8 Feed Acidulants Market Size, By Compound, 2018 vs 2023 (USD Million)
Figure 9 Feed Acidulants Market Size, By Animal Type, 2018 vs 2023 (USD Million)
Figure 10 Feed Acidulants Market (Value), By Region, 2017
Figure 11 Growth in Consumption of Livestock-Based Products and Ban on the Consumption of Antibiotics in the Developed Regions to Drive the Market for Feed Acidulants
Figure 12 China is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 13 China Accounted for the Largest Share in the Asia Pacific Market While Formic Acid Dominated, in Terms of Type, in 2017
Figure 14 Asia Pacific to Dominate the Animal Type Feed Acidulants Market Across All Types of Animal Type Through to 2023
Figure 15 Formic Acid to Grow at the Highest CAGR During the Forecast Period in Terms of Value
Figure 16 Dry Form is Projected to Grow at A Higher CAGR During the Forecast Period
Figure 17 Feed Acidulants Market Dynamics
Figure 18 Global Meat Consumption Estimates, 2015–2024 (Kt Cwe)
Figure 19 Global Milk Production, 2013–2016 (Mt)
Figure 20 Value Chain: Feed Acidulants
Figure 21 Feed Acidulants Market Share, By Type, 2018 vs 2023 (USD Million)
Figure 22 Feed Acidulants Market Share (Value & Volume), By Compound, 2018 vs 2023
Figure 23 Feed Acidulants Market Share (Volume), By Form, 2018 vs 2023
Figure 24 Feed Acidulants Market Share (Volume), By Function, 2018 vs 2023
Figure 25 Feed Acidulants Market Share (Value), By Animal Type, 2018 vs 2023
Figure 26 Geographic Snapshot: Rapidly Growing Markets are Emerging as New Hotspots, 2017
Figure 27 Asia Pacific Feed Acidulants Market Snapshot
Figure 28 South America Feed Acidulants Market is Projected to Grow at the Highest Rate
Figure 29 Key Strategies Adopted By Leading Players in the Feed Acidulants Market, 2013–2018
Figure 30 Number of Developments Between, 2013 and 2017
Figure 31 Ranking of Key Players in the Feed Acidulants Market
Figure 32 BASF SE: Company Snapshot
Figure 33 BASF SE: SWOT Analysis
Figure 34 Yara International ASA: Company Snapshot
Figure 35 Yara International ASA: SWOT Analysis
Figure 36 Kemin Industries, Inc.: SWOT Analysis
Figure 37 Kemira OYJ: Company Snapshot
Figure 38 Kemira OYJ: SWOT Analysis
Figure 39 Perstorp Holding AB: Company Snapshot
Figure 40 Perstorp Holding AB: SWOT Analysis
Figure 41 Peterlabs Holdings Berhad: Company Snapshot
Figure 42 Anpario PLC: Company Snapshot
Figure 43 Corbion NV: Company Snapshot

The study involved five main activities in estimating the current market size for the feed acidulants market. Exhaustive secondary research was done to collect information on the market as well as the peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various sources were referred to, so as to identify and collect information for this study. These secondary sources included reports from the American Feed Industry Association (AFIA), European Feed Manufacturers' Federation (FEFAC), and EU Association of Specialty Feed Ingredients and their Mixtures (FEFANA); annual reports; press releases & investor presentations of companies; white papers; certified publications; articles by recognized authors, feed safety regulations, feed safety organizations, regulatory bodies, trade directories, and databases.

Secondary research was mainly used to obtain key information about the industry’s supply chain; the total pool of key players; market classification; and segmentation, according to industry trends to the bottom-most level; and regional markets. It was also used to obtain information about the key developments from a market-oriented perspective.

Primary Research

The feed acidulants market comprises several stakeholders such as raw material suppliers, processors, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by the development of the feed industry and the rise in livestock population. The supply side is characterized by the production of feed acidulants. Various primary sources from both supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

The primary interviewees from the demand side include key opinion leaders, executives, vice presidents, and CEOs of the feed industry. The primary sources from the supply side include research institutions involved in R&D to introduce new feed acidulants or their blended compounds, key opinion leaders, distributors, and feed acidulant manufacturers.

Feed Acidulants Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the feed acidulants market. These approaches were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following details:

  • The key players have been identified through extensive secondary research.
  • The feed acidulants industry’s value chain and market size in terms of value and volume have been determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
  • All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.

The following is an illustration of the overall market size estimation process employed for the purpose of this study.

Data Triangulation

After arriving at the overall market sizes-using the market size estimation processes as explained above—the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and its subsegments, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides of the feed acidulants industry. The market size was validated using the top-down and bottom-up approaches.

Report Objectives

Market Intelligence

  • Determining and projecting the size of the feed acidulants market with respect to type, livestock, compound, form, function, and regional markets, over a five-year period ranging from 2018 to 2023
  • Identifying attractive opportunities in the market by determining the largest and fastest-growing segments across regions
  • Providing detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • Analyzing micromarkets with respect to individual growth trends, future prospects, and their contribution to the total market

Competitive Intelligence

  • Identifying and profiling key market players in the feed acidulants market
  • Providing a comparative analysis of the market leaders on the basis of the following:
  • Product offerings
  • Business strategies
  • Strengths and weaknesses
  • Key financials
  • Understanding the competitive landscape and identifying major growth strategies adopted by players across the key regions
  • Analyzing the supply chain, products, and regulatory frameworks across regions and their impact on the prominent market players
  • Providing insights on key innovations and investments in the feed acidulants market

 

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to company-specific needs.

The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further breakdown of the Rest of European feed acidulants market into Russia, Belgium, the Netherlands, and Denmark
  • Further breakdown of the Rest of Asia Pacific feed acidulants market into Indonesia, Australia, South Korea, Singapore, and Malaysia

Company Information

  • Detailed analysis and profiling of additional market players (up to five)
Report Code
AGI 6854
Published ON
Jan, 2019
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