Feed Acidulants Market Outlook
The global feed acidulants market is projected to grow from USD 2.36 billion in 2021 to USD 4.56 billion by 2030, at a CAGR of 6.85% during the forecast period. The growth of the market is driven by the increasing demand for animal protein, the growing awareness about the benefits of feed acidulants, and the rising regulations on the use of antibiotics in animal feed. Feed acidulants are organic acids that are added to animal feed to improve the health and performance of livestock. They can also help to preserve feed and reduce the risk of bacterial contamination.
The feed acidulants market is segmented by type, animal type, form, and region. The type segment is further segmented into organic acids, inorganic acids, and blends. The organic acids segment is the largest segment, accounting for a share of over 60% of the market in 2021. This is due to the increasing demand for organic acids, such as citric acid, for their antimicrobial properties and their ability to improve the digestibility of feed.
The animal type segment is further segmented into poultry, ruminants, swine, aquaculture, and pets. The poultry segment is the largest segment, accounting for a share of over 40% of the market in 2021. This is due to the high demand for poultry meat and the increasing use of feed acidulants in poultry feed to improve the health and performance of chickens.
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The form segment is further segmented into liquid and powder. The liquid segment is the largest segment, accounting for a share of over 60% of the market in 2021. This is due to the ease of use of liquid feed acidulants and their ability to be easily incorporated into feed.
The region segment is further segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is the largest market for feed acidulants, accounting for a share of over 40% of the market in 2021. This is due to the growing demand for animal protein in the region, the increasing awareness about the benefits of feed acidulants, and the favorable government regulations.
The key players in the feed acidulants market are BASF SE (Germany), Kemin Industries Inc. (US), Cargill Inc. (US), Biomin Holding GmbH (Austria), Novus International Inc. (US), and Adisseo France SAS (France). These companies are focusing on developing new feed acidulants and expanding their distribution networks to gain a competitive advantage in the market.
The feed acidulants market is a growing market that is driven by the increasing demand for animal protein, the growing awareness about the benefits of feed acidulants, and the rising regulations on the use of antibiotics in animal feed. The market is expected to continue to grow in the coming years.
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