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[ 英語タイトル ] 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


Product Code : MNMAG00106353
Survey : MarketsandMarkets
Publish On : February, 2021
Category : Agriculture and Allied Activities
Study Area : Global
Report format : PDF
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[Report Description]

“Ban on antibiotics in feed are expected to drive the overall growth of the feed acidulants market.”

The global feed acidulants market is projected to grow from USD 2.7 billion in 2018 to USD 3.5 billion by 2023, at a CAGR of 5.1% during the forecast period. The feed acidulants market is driven by various factors such as growth in animal husbandry, increase in demand for feed and feed additives, rise in awareness among livestock rearers for animal nutrition value, and ban on antibiotics in feed as natural growth promoters. However, inefficiency in maintaining the potency of acidulants through the logistical chain due to volatility can hinder the growth of this market.

“Formic acid is projected to grow at a highest CAGR during the forecast period, in terms of value.”

The feed acidulants market has been categorized as propionic acid, formic acid, citric acid, lactic acid, sorbic acid, malic acid, acetic acid, and others. The formic acid segment is projected to grow at the highest CAGR during the forecast period. Formic acid is a colorless liquid and remains soluble in water in almost all proportions. This characteristic of the acidifier enables its proper mixing in animal feed, thereby allowing consistent feed formulation. While formic acid remains highly efficient in improving apparent total tract digestibility (ATTD) of protein, it also aids in improving feed efficiency. However, excessive usage of formic acid in animal feed could result in an increase in dietary acid levels, thereby reducing palatability and affecting feed intake negatively.

“The poultry type segment is projected to hold a largest market share during the forecast period.”

The feed acidulants market, by animal type, is estimated to be dominated by the poultry segment in 2018. It is also projected to grow at the highest rate through 2023. Poultry meat is universally consumed and, unlike beef and pork, does not pose many religious concerns. The only part of the mineral requirement of poultry can be met by the natural feedstuffs in their diets resulting in the inclusion of feed supplements such as acidulants in feed formulations. In poultry feed, acidulants are widely used as antibiotic growth promoters (AGP) to help improve poultry performance. These acidulants help in the maintenance of pH levels in the stomachs of poultry, thereby allowing correct activation and functioning of proteolytic enzymes.

“Asia Pacific is projected to dominate the feed acidulants market during the forecast period.”
Asia Pacific is projected to dominate the feed acidulants market during the forecast period. Emerging economies such as China, Japan, and India have favorable market potential for feed acidulants; this has led to feed and feed acidulant manufacturers, adopting strategies such as expansions and new product launches to cater to the growing demand for product differentiations to provide highly efficient additives such as feed acidulants, which are organic in nature and improve gut health in livestock. Further, the increasing demand for meat has triggered meat production in the region, due to which the uptake of feed additives such as acidulants has increased and is expected to witness a strong growth rate.

There has been a rise in the demand for meat and meat products, in accordance with the demand for a protein-rich meat diet. Pork and poultry are largely consumed in the Asia Pacific region. The demand for poultry is estimated to increase in India and China due to factors such as focus on meat quality and public health campaigns, which encourage the consumption of low-fat protein options. Fish consumption is also increasing in the region due to similar health trends. On the other hand, there has been an increase in the production as well as consumption of dairy products in the region. These factors are expected to drive the feed acidulants market in the Asia Pacific region.

In-depth interviews were conducted with chief executive officers (CEOs), marketing directors, livestock grow light manufacturers, and executives from various key organizations operating in the livestock grow lights Industries.



By Company Type: Tier 1: 30%, Tier 2: 30%, and Tier 3: 40%
By Designation: C-level Executives: 20%, Directors: 30%, and Managers: 50%
By Region: North America: 15%, Europe: 15%, Asia Pacific: 30%, South America: 20% and RoW: 20%

The feed acidulants market comprises major solution providers such as BASF SE (Germany), Yara International ASA (Norway), Kemin Industries Inc. (US), Kemira OYJ (Finland), 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). The study includes an in-depth competitive analysis of these key players in the feed acidulants market, with their company profiles, recent developments, and the key market strategies.

Research Coverage

The study covers the feed acidulants market across segments. It aims at estimating the market size and its growth potential across different segments such as type, animal type, compound, form, function, and region. The study also includes an in-depth competitive analysis of the key players in the market; along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall feed acidulants market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report will also help the stakeholders to understand the pulse of the market and will provide them with information on key market drivers, restraints, challenges, and opportunities.

TABLE OF CONTENTS

1 INTRODUCTION 21
1.1 OBJECTIVES OF THE STUDY 21
1.2 MARKET DEFINITION 21
1.3 STUDY SCOPE 22
1.3.1 MARKETS COVERED 22
1.3.2 GEOGRAPHIC SEGMENTATION 23
1.4 PERIODIZATION CONSIDERED 23
1.5 CURRENCY CONSIDERED 24
1.6 VOLUME UNIT CONSIDERED 24
1.7 STAKEHOLDERS 25
2 RESEARCH METHODOLOGY 26
2.1 RESEARCH DATA 26
2.1.1 SECONDARY DATA 27
2.1.1.1 Key data from secondary sources 27
2.1.2 PRIMARY DATA 28
2.1.2.1 Key data from primary sources 28
2.1.2.2 Key industry insights 29
2.1.2.3 Breakdown of primaries 29
2.2 MARKET SIZE ESTIMATION 30
2.3 DATA TRIANGULATION 32
2.4 RESEARCH ASSUMPTIONS & LIMITATIONS 33
2.4.1 RESEARCH ASSUMPTIONS 33
2.4.2 RESEARCH LIMITATIONS 33
3 EXECUTIVE SUMMARY 34
4 PREMIUM INSIGHTS 38
4.1 ATTRACTIVE OPPORTUNITIES IN THE FEED ACIDULANTS MARKET 38
4.2 FEED ACIDULANTS MARKET: MAJOR COUNTRIES 39
4.3 ASIA PACIFIC: FEED ACIDULANTS MARKET, BY TYPE AND COUNTRY 40
4.4 FEED ACIDULANTS MARKET, BY ANIMAL TYPE AND REGION 41
4.5 FEED ACIDULANTS MARKET, BY TYPE AND REGION 42
4.6 FEED ACIDULANTS MARKET, BY FORM 42
5 MARKET OVERVIEW 43
5.1 INTRODUCTION 43
5.2 MARKET DYNAMICS 43
5.2.1 DRIVERS 44
5.2.1.1 High threat of diseases in livestock 44
5.2.1.2 Increasing consumption of meat and dairy products 44
5.2.1.3 Ban on antibiotics in the US and the European Union (EU) 46
5.2.1.4 Growing government aids or funds promoting feed industry wellness 47
5.2.2 RESTRAINTS 48
5.2.2.1 Rising prices of feed acidulants 48
5.2.3 OPPORTUNITIES 48
5.2.3.1 Encapsulation processes used for feed acidulants 48
5.2.4 CHALLENGES 49
5.2.4.1 Maintaining efficacy of feed acidulants 49
5.3 VALUE CHAIN ANALYSIS 49
5.4 REGULATORY FRAMEWORK 50
5.4.1 US 50
5.4.2 EUROPEAN UNION 51
5.4.3 CHINA 52
5.4.4 JAPAN 52
5.4.5 INDIA 52
6 FEED ACIDULANTS MARKET, BY TYPE 53
6.1 INTRODUCTION 54
6.2 PROPIONIC ACID 55
6.2.1 ITS PROPERTIES, SAFE FOR CONSUMERS, ANIMALS, AND THE ENVIRONMENT TO DRIVE THIS MARKET 55
6.3 FORMIC ACID 57
6.3.1 IT BOASTS ANTIBACTERIAL EFFECTS THAT HELP TO PRESERVE FEED, WHICH DRIVES THIS MARKET 57
6.4 CITRIC ACID 58
6.4.1 INCREASING DEMAND TO IMPROVE FEED EFFECTIVENESS BY IMPROVING LIVESTOCK PERFORMANCE AND NON-SPECIFIC IMMUNITY DRIVES THIS MARKET 58
6.5 LACTIC ACID 59
6.5.1 CONCENTRATED EFFICACY TOWARDS THE MAINTENANCE OF FEED SAFETY IS PROJECTED TO FURTHER DRIVE THE DEMAND FOR LACTIC ACID 59
6.6 SORBIC ACID 60
6.6.1 THE GROWING NUMBER OF LIVESTOCK DISEASE OUTBREAKS HAVE ENCOURAGED ANIMAL BREEDERS TO ADOPT SORBIC ACID AS A FEED PRESERVATIVE 60
6.7 MALIC ACID 62
6.7.1 AIDING THE BREAKDOWN OF MOST FEED INTO NUTRIENTS, WHICH ARE THEN ABSORBED BY RUMINANTS TO DRIVE THIS MARKET 62
6.8 ACETIC ACID 63
6.8.1 PROVIDING LIVESTOCK BREEDERS WITH EFFECTIVE AND COST-EFFICIENT FEED FORMULATIONS TO DRIVE THIS MARKET 63
6.9 OTHERS 64
7 FEED ACIDULANTS MARKET, BY COMPOUND 65
7.1 INTRODUCTION 66
7.2 BLENDED 67
7.2.1 GROWING DEMAND TO IMPROVE LIVESTOCK HEALTH AND PERFORMANCE BY REDUCING THE PRESENCE OF HARMFUL MICROORGANISMS IN FEED TO DRIVE THIS MARKET 67
7.3 SINGLE COMPOUND 71
7.3.1 ITS PROPERTY TO RESTRICT AND CONTROL THE GROWTH OF PATHOGENIC BACTERIA IN THE FEED DRIVES THE MARKET 71
8 FEED ACIDULANTS MARKET, BY FORM 75
8.1 INTRODUCTION 76
8.2 DRY 77
8.2.1 EASE OF USAGE, STORAGE, AND TRANSPORTABILITY OF DRY FEED ACIDULANTS DRIVES THE MARKET 77
8.3 LIQUID 78
8.3.1 INCREASE IN DEMAND FOR FEED PRESERVATIVES DRIVES THE MARKET 78
9 FEED ACIDULANTS MARKET, BY FUNCTION 80
9.1 INTRODUCTION 81
9.2 PH CONTROL 82
9.2.1 GROWING AWARENESS TOWARDS ANIMAL HEALTH AND NUTRITIONAL DIET DRIVES THE MARKET 82
9.3 FEED EFFICIENCY 83
9.3.1 INCREASING DEMAND FOR FEED CONVERSION RATE AND FEED PRESERVATION DRIVES THE MARKET 83
9.4 FLAVOR 84
9.4.1 GROWING DEMAND FOR FEED ADDITVES WHICH IMPROVE THE APPETIZING OF FEED DRIVES THE MARKET 84
10 FEED ACIDULANTS MARKET, BY ANIMAL TYPE 86
10.1 INTRODUCTION 87
10.2 POULTRY 88
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 88
10.3 SWINE 91
10.3.1 HIGHER CONSUMPTION OF PROTEIN RICH MEAT SUCH AS PORK TO DRIVE THE MARKET 91
10.4 RUMINANTS 93
10.4.1 GROWTH IN DEMAND FOR QUALITY MILK AND BEEF PRODUCTS HAS LED TO THE USE OF FEED ACIDULANTS IN RUMINANT DIETS 93
10.5 AQUACULTURE 96
10.5.1 RAPID GROWTH IN THE AQUACULTURE INDUSTRY ALONG WITH INCREASE IN CONUMPTION OF SEAFOOD TO DRIVE THE MARKET 96
10.6 PETS 97
10.6.1 CHANGE IN LIFESTYLE, INCREASE IN PET POPULATION AND HIGH INVESTMENT ON QUALITY AND PREMIUM PET FOOD TO DRIVE THE MARKET 97
10.7 EQUINE 98
10.7.1 USAGE OF FEED ACIDULANTS AS AN EFFICIENT ENABLERS OF ANIMAL FEED FOR EQUINE TO DRIVE THE MARKET 98
11 FEED ACIDULANTS MARKET, BY REGION 100
11.1 INTRODUCTION 101
11.2 NORTH AMERICA 103
11.2.1 US 108
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 108
11.2.2 MEXICO 111
11.2.2.1 Increasing population of livestock to drive the market 111
11.2.3 CANADA 113
11.2.3.1 Significant growth in livestock industry along with modernization of the dairy industry in Canada to drive the market 113
11.3 EUROPE 115
11.3.1 SPAIN 121
11.3.1.1 Increasing livestock rearing and the growing feed industry to drive the market 121
11.3.2 FRANCE 123
11.3.2.1 Rise in domestic demand for meat products and natural growth promoters for livestock to drive the market 123
11.3.3 GERMANY 125
11.3.3.1 Growth of cattle and swine meat consumption and adoption of safe and healthier feed additives to drive the market 125
11.3.4 UK 127
11.3.4.1 High regulatory framework and increasing demand for nutritious feed products to drive the market 127
11.3.5 ITALY 129
11.3.5.1 Increase in the usage of naturally sourced additives to drive the market 129
11.3.6 REST OF EUROPE 131
11.4 ASIA PACIFIC 133
11.4.1 CHINA 139
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 139
11.4.2 INDIA 141
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 141

11.4.3 JAPAN 143
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 143
11.4.4 THAILAND 145
11.4.4.1 High competition and feed additive diversification to drive the market 145
11.4.5 VIETNAM 147
11.4.5.1 Increasing consumption of meat, especially beef and pork, together with growth in livestock population to drive the market 147
11.4.6 REST OF ASIA PACIFIC 149
11.5 SOUTH AMERICA 151
11.5.1 BRAZIL 158
11.5.1.1 Growing health awareness about the technical and clinical benefits of feed acidulants to drive the market 158
11.5.2 ARGENTINA 160
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 160
11.5.3 REST OF SOUTH AMERICA 162
11.6 REST OF THE WORLD (ROW) 164
11.6.1 AFRICA 169
11.6.1.1 Growing livestock population and rising demand for better quality meat and dairy products to drive the market 169
11.6.2 MIDDLE EAST 171
11.6.2.1 Rising demand to improve the feed efficiency to meet the growing meat consumption to drive the market 171
12 COMPETITIVE LANDSCAPE 174
12.1 OVERVIEW 174
12.2 COMPETITIVE SCENARIO 175
12.3 MARKET RANKING ANALYSIS 176
12.4 EXPANSIONS 176
12.5 ACQUISITIONS 177
12.6 NEW PRODUCT LAUNCHES 177
12.7 COLLABORATIONS 178
13 COMPANY PROFILES 179
(Business overview, Products offered, Recent developments, SWOT analysis & MnM View)*
13.1 INTRODUCTION 179
13.2 BASF SE 179
13.3 YARA INTERNATIONAL ASA 182
13.4 KEMIN INDUSTRIES, INC. 184
13.5 KEMIRA OYJ 187

13.6 PERSTORP HOLDING AB 189
13.7 BIOMIN HOLDING GMBH 192
13.8 PETERLABS HOLDINGS BERHAD 194
13.9 JEFO NUTRITION, INC. 196
13.10 PANCOSMA SA 197
13.11 NUTREX NV 198
13.12 ADDCON GROUP GMBH 199
13.13 ANPARIO PLC 200
13.14 NOVUS INTERNATIONAL, INC. 202
13.15 CORBION NV 203
13.16 IMPEXTRACO NV 205
*Details on Business overview, Products offered, Recent developments, SWOT analysis & MnM View might not be captured in case of unlisted companies.
14 APPENDIX 206
14.1 DISCUSSION GUIDE 206
14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 210
14.3 AVAILABLE CUSTOMIZATIONS 212
14.4 RELATED REPORTS 212
14.5 AUTHOR DETAILS 213

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