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3. Yara (Norway), Kemin Industries Inc. (US) and Eastman Chemical Company (US) are leading players in Feed Acidulants Market

The global feed acidulants market is estimated to be valued at USD 3.4 billion in 2023. It is projected to reach USD 4.7 billion by 2028, recording a CAGR of 6.2% during the forecast period. The post COVID-19 era has influenced the consumption of high-protein animal-based meals. Thus, players in the industry are undertaking multiple strategic initiatives such as agreements, innovative new product launches, acquisitions, and expansions to tap the growing market potential around the world, particularly in high-growth markets such as Asia.

Key players in this market include BASF SE (Germany), Yara (Norway), Kemin Industries Inc. (US), Eastman Chemical Company (US), and DSM (Netherlands).

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BASF SE is a German multinational chemical company that is a leading player in the feed acidulants market. The company produces a range of acidulants, including formic acid and propionic acid, which are widely used as feed additives in animal nutrition. BASF's feed acidulants are known for their high quality, consistency, and effectiveness in promoting animal health and growth. The company's strong focus on innovation, sustainability, and customer-centricity has enabled it to stay ahead of the competition and expand its market share in the feed acidulants industry. With its broad range of products and global presence, BASF is well-positioned to capitalize on the growing demand for feed acidulants in the coming years.

In September 2022, BASF SE launched a feed acidulant product named Propionic Acid ZeroPCF. This benefits the company by moving closer to the environmentally sustainable product options available in the feed acidulants category.

Yara is a Norwegian chemical company that operates in various segments, including crop nutrition, industrial solutions, and ammonia trade. Yara produces a range of high-quality acidulants that are widely used as feed additives in animal nutrition. The company's feed acidulants are designed to improve animal performance and reduce the risk of disease, while also meeting the highest standards of quality and purity. Yara's product portfolio includes formic acid, sorbic acid, and citric acid, which are used in various animal feed applications. The company is committed to driving sustainable agriculture and promoting the health and well-being of animals through its feed acidulants segment.

Kemin Industries Inc. is a privately held, global company that specializes in developing and manufacturing ingredients for the food, feed, and health industries. Kemin includes feed acidulants business in the animal nutrition and health segment. Kemin's feed acidulants are designed to enhance animal nutrition, improve feed efficiency, and support animal health. The company offers a range of acidulants, including organic acids such as fumaric acid, formic acid, and propionic acid. Kemin's feed acidulants are used in various animal feed applications, including poultry, swine, dairy, and aquaculture. The company has a geographical presence in over 120 countries, with manufacturing facilities and research centers located around the world.

In 2021, Kemin Industries Inc (US) partnered with Zhuyi Mall (China) to launch its e-commerce service to serve pig farmers in China. The company targets to expand its feed additive business in China through this partnership and offers a range of feed acidulant products to swine farmers.

Eastman Chemical Company is a global leader in the development and manufacturing of a wide range of chemical products, including feed acidulants. The company's feed acidulants business segment offers a range of organic acids and their salts including formic acid, and propionic acid, which are added to animal feed to improve palatability, promote digestion and prevent the growth of harmful bacteria in the gut. Eastman Chemical Company's feed acidulants business segment has a strong global presence, with operations in North America, Europe, Asia Pacific, and Latin America. The company serves customers across various industries, including poultry, swine, ruminant, and aquaculture.

In 2021, Eastman Chemical Company (US) acquired 3F Feed and Food (Spain). This acquisition helped the company to expand its product portfolio under additive and functional product segments in the European market.

Related Reports:

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 2028

Contact:
Mr. Aashish Mehra
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