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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Feed acid is compounds used in the animal feed to improve the quality and nutrients diet of the animals. The use of feed acid provide essential nutrients to the animal and also improves the functioning of the digestive system. Moreover, it also enables the weight gain in animals and offers better immunity. Therefore, the use of feed acid offers a nutritionally balanced diet to the feed.

The global feed acid market is estimated to be valued at US$ 1,820.2 million in 2021 and is expected to exhibit a CAGR of 6.5 % over the forecast period (2021-2028).

Recent Developments:

  • On 12 June 2021, ADDCON GmbH carried out number of experiments at Kansas State University, USA for diet acidification with Formi NDF. These experiment reveled that Formi NDF is able to improve feed-to-gain ratios highly significantly in post-weaned piglets by up to 10.2% in low (18%) or high (21%) protein containing diets and in diets with or without pharmacological levels of zinc oxide (>2000 ppm).
  • On 10 November 2020, BASF increased the prices of various feed acids such as Formic Acid and for Propionic Acid. Formic acid is a high-quality intermediate used in a broad range of applications. In animal nutrition, for example, it is used as a feed preservative.
  • On 03 Feb 2020, Perstorp has appointed Dr. Satyajit Jagtap to lead the sales activities for the Animal Nutrition business in the Indian subcontinent. Dr. Jagtap joined Perstorp on January 18th and reports directly to Perstorp Animal Nutrition Vice President for APAC Dr. Jim Ren. Satyajit Jagtap has more than 17 years of experience in the animal nutrition industry, working at both multinational feed additive companies and local feed mills

Figure 1. Global Feed Acid Market Value (US$ Mn), by Region, 2020

Feed Acid  | Coherent Market Insights

Europe region held dominant position in the global feed acid market in 2020, accounting for 35.80% share in terms of revenue, followed by North America and Asia Pacific, respectively. Europe is lucrative market for feed acids. The region’s favourable regulatory scenario is enabling growth in the market. It exhibits significantly high demand for propionic acid, accounting for larger percentage of sales witnessed in the market

Global Feed Acid Market: Drivers

The growing prevalence of the disease among animals is driving demand for feed acids. The outbreak of diseases such as avian flu and foot-and-mouth has raised concern over animal health around the globe. Owing to which quality food has become a critical factor in the overall health. The growing awareness regarding the important ingredients that helps in improving the overall health of the animal coupled with the growing preference of consumers for quality meat products is further expected to foster the market growth of the feed acids.

An increase in the implementation of the innovative animal husbandry practices to enhance the meat quality is propelling the market growth of the feed acids. Moreover, increasing population coupled with the growing concern over food security is further driving demand for meat products. Furthermore, growth in the commercialization of livestock rearing practices across the developing region is again expected to propel the market growth of the feed acids over the forecast period. 

Global Feed Acid Market: Opportunities

Increasing blending of feed acids with different organic acids for the improved result is expected to provide lucrative opportunities. Feed acid blends improve the positive effects when compared to those that can be achieved by using single acid substances. Blends of feed acids also enhance gut health and control more pathogenic bacteria in the digestive tract. Hence, the growing use of feed acids blend will favor the market growth of feed acids over the forecast timeframe.

The growing demand for nutritional supplements for monogastric animals is expected to bring new market opportunities. Also, an increase in support from governments for encouraging the use of feed acid among livestock producers is expected to foster market growth. Also, growing awareness regarding the multiple benefits of amino acid supplementation in feed coupled with the standardization of meat products due to growing health concerns is again expected to foster the market growth of the feed acids. 

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Feed Acid Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2021: US$ 1,820.2 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 6.5% 2028 Value Projection: US$ 2,828.6 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: U.K., Germany, France, Italy, Spain, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, ASEAN, South Korea, Australia, and Rest of Asia Pacific
  • Middle East & Africa: GGC, South Africa, Rest of MEA
Segments covered:
  • By Product: TypeAmino Acids, Antibiotics, Vitamins, Feed Enzymes, Antioxidant
  • By Animal Type: Ruminants, Poultry
Companies covered:

ADDCON GmbH, BASF SE, Biomin GmbH, Perstorp AB, Kemin Industries Inc., Impextraco, Jefo Nutrition Inc., Novus International, Corbion Purac, and Trouw Nutrition International B.V.

Growth Drivers:
  • Growing prevalence zoonotic diseases
  • Increasing adoption of animal husbandry practices to enhance production
Restraints & Challenges:
  • Volatility and strong odor limiting the use of feed acids 
  • Availability of alternative protein sources that decline the consumption of the meat

Market Trends:

Continuous product launch by key players in the market for meeting the demand is one of the current trends and this is expected to foster the market growth of feed acid. For instance, in June 2018, Perstorp launched a new organic acid additive, ProSid™ Pellet, designed specifically for the feed industry to improve feed quality and reduce production costs. Organic acid-based additives can help achieve better results in feed hygiene, gut health, mold inhibition, and moisture balance.

Increasing disposable income coupled with the changing eating habits of consumers is contributing to the market growth of feed acids. This is also attributed to the growing health and wellness trend and increasing adoption of a healthy lifestyle among consumers. Moreover, increasing spending on the food meat products due to growing health awareness along with the rising demand for high protein-rich food products is again expected to foster the market growth of the feed acids in the near future.

Figure 2. Global Feed Acid Market Share, By Animal Type, 2020

Feed Acid  | Coherent Market Insights

Key Takeaways of the Graph:

By animal type, the poultry animal type held dominant position in the market and accounted for 65% share in the global feed acid market in 2020. The segment is expected to reach US$ 1,887.47 million in 2028. Poultry livestock has been significantly contributing to the demand witnessed in the feed acid market over the last few years. It is expected to remain a popular animal type through the course of the forecast period.

Global Feed Acid Market: Restraints

Factors such as volatility and strong odor limit the use of feed acids. Also, some feed acids are corrosive to intestines of animal which are again limiting the use of feed acid. Such factors are hindering the market growth of the feed acids.

The availability of alternative protein sources is declining the consumption of the meat. Also, strict rules and regulations associated with the use of feed acid in the animal diet are expected to hinder the market growth of the feed acid.

Global Feed Acid Market: Competitive Landscape

Major players operating in the global feed acid market include, ADDCON GmbH, BASF SE, Biomin GmbH, Perstorp AB, Kemin Industries Inc., Impextraco, Jefo Nutrition Inc., Novus International, Corbion Purac, and Trouw Nutrition International B.V.

The animal feed industry has been severely affected by the emergence of Covid-19 and decline in demand for various products in poultry, pork, and dairy sectors. The sudden change in the consumer's behavior in the face of the pandemic has forced manufacturers to re-evaluate their strategies and policies. The animal feed industry is also a complex sector due to the fact that its processing and distribution involve multiple entities such as the livestock supplier, meatpackers and processors. The animal feed industry is one of the few sectors that has been able to maintain strong growth despite the downward trend in agricultural exports as a result of the pandemic.

Market Dynamics:

Availability of registration facilities for feed additives is expected to propel growth of the global feed acid market over the forecast period. For instance, in September 2021, The Ministry of Economy of Ukraine approved a registration dossier, which offers the procedure for state registration of feed additives in Ukraine.

The global feed acid market is witnessing ban on feed additives with GMO residues. For instance, in May 2021, Rosselhoznadzor, the Russian veterinary watchdog, barred feed additives import from Germany, the U.K, and Canada after a routine inspection revealed GMO residues in supplied products. Earlier this year, Rosselhoznadzor banned the feed additives import from Spain and the US, as well as from the Netherlands in late 2020, in each case also citing GMO fears.

Key features of the study:

  • This report provides in-depth analysis of the global feed acid market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2021–2028), considering 2020 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global feed acid market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include ADDCON GmbH, BASF SE, Biomin GmbH, Perstorp AB, Kemin Industries Inc., Impextraco, Jefo Nutrition Inc., Novus International, Corbion Purac, and Trouw Nutrition International B.V.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global feed acid market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global feed acid market

Detailed Segmentation:

Detailed Segmentation:

  • Global Feed Acid Market, By Product Type:
    • Amino Acids
    • Antibiotics
    • Vitamins
    • Feed Enzymes
    • Antioxidant
  • Global Feed Acid Market, By Animal Type
    • Ruminants
    • Poultry
  • Global Feed Acid Market, By Region:
    • North America
      • By Product Type:
        • Amino Acids
        • Antibiotics
        • Vitamins
        • Feed Enzymes
        • Antioxidant
      • By Animal Type
        • Ruminants
        • Poultry
    • Latin America
      • By Product Type:
        • Amino Acids
        • Antibiotics
        • Vitamins
        • Feed Enzymes
        • Antioxidant
      • By Animal Type
        • Ruminants
        • Poultry
    • Europe
      • By Product Type:
        • Amino Acids
        • Antibiotics
        • Vitamins
        • Feed Enzymes
        • Antioxidant
      • By Animal Type
        • Ruminants
        • Poultry
    • Asia Pacific
      • By Product Type:
        • Amino Acids
        • Antibiotics
        • Vitamins
        • Feed Enzymes
        • Antioxidant
      • By Animal Type
        • Ruminants
        • Poultry
    • Middle East & Africa
      • By Product Type:
        • Amino Acids
        • Antibiotics
        • Vitamins
        • Feed Enzymes
        • Antioxidant
      • By Animal Type
        • Ruminants
        • Poultry
  • Company Profiles
    • ADDCON GmbH *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • BASF SE
    • Biomin GmbH
    • Perstorp AB
    • Kemin Industries Inc.
    • Impextraco, Jefo Nutrition Inc
    • Novus International
    • Corbion Purac
    • Trouw Nutrition International B.V.

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Animal Type
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
      • PORTER’s Five Forces Analysis
      • PEST Analysis
      • Key Developments
      • Market Attractiveness Analysis
  4. Global Feed Acid Market - Impact of Coronavirus (COVID-19) Pandemic
    • Overview
    • Factors Affecting Global Feed Acid Market – COVID-19
    • Impact Analysis
  5. Global Feed Acid Market, By Product Type, 2017- 2028 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019, 2022, and 2028 (%)
      • Y-o-Y Growth Analysis, 2020 - 2028
      • Segment Trends
    • Amino Acids
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2028, (US$ Mn)
    • Antibiotics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2028, (US$ Mn)
    • Vitamins
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2028, (US$ Mn)
    • Feed Enzymes
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2028, (US$ Mn)
    • Antioxidant
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2028, (US$ Mn)
  6. Global Feed Acid Market, By Animal Type, 2017- 2028 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019, 2022, and 2028 (%)
      • Y-o-Y Growth Analysis, 2020 - 2028
      • Segment Trends
    • Ruminants
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2028, (US$ Mn)
    • Poultry
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2028, (US$ Mn)
  7. Global Feed Acid Market, By Region, 2017- 2028 (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2019, 2022, and 2028 (%)
      • Y-o-Y Growth Analysis, For Regions, 2020 - 2028
    • North America
      • Market Size and Forecast, By Product Type, 2017- 2028 (US$ Million & KT)
      • Market Size and Forecast, By Animal Type, 2017- 2028 (US$ Million & KT)
    • Latin America
      • Market Size and Forecast, By Product Type, 2017- 2028 (US$ Million & KT)
      • Market Size and Forecast, By Animal Type, 2017- 2028 (US$ Million & KT)
    • Europe
      • Market Size and Forecast, By Product Type, 2017- 2028 (US$ Million & KT)
      • Market Size and Forecast, By Animal Type, 2017- 2028 (US$ Million & KT)
    • Asia Pacific
      • Market Size and Forecast, By Product Type, 2017- 2028 (US$ Million & KT)
      • Market Size and Forecast, By Animal Type, 2017- 2028 (US$ Million & KT)
    • Middle East & Africa
      • Market Size and Forecast, By Product Type, 2017- 2028 (US$ Million & KT)
      • Market Size and Forecast, By Animal Type, 2017- 2028 (US$ Million & KT)
  8. Competitive Landscape
    • Market Share Analysis
    • Company Profiles
      • ADDCON GmbH
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • BASF SE
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Biomin GmbH.
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Perstorp AB
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Kemin Industries Inc
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Impextraco .
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Jefo Nutrition Inc.
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Novus International
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Corbion Purac
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Trouw Nutrition International B.V.
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

* Browse 25 market data tables* and 20 figures* on "Feed Acid Market” - Global forecast to 2028.

FAQgrowicon

Frequently Asked Questions

Growing prevalence zoonotic diseases and increasing adoption of animal husbandry practices to enhance production to boost demand for feed acids.
Volatility and strong odor limiting the use of feed acids and availability of alternative protein sources that decline the consumption of the meat are factors hindering growth of market.
The market was valued at US$ 1654.749 million in 2020.
Poultry Segment held dominant position in market in 2020.
New product launches to meet demand and increasing disposable income coupled with changing eating habits of consumers are trends in the market.
Major players operating in the market include, ADDCON GmbH, BASF SE, Biomin GmbH, Perstorp AB, Kemin Industries Inc., Impextraco, Jefo Nutrition Inc., Novus International, Corbion Purac, and Trouw Nutrition International B.V.
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