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Animal Feed Acidifiers Market Size
Animal Feed Acidifiers Market size was valued at around USD 2.2 billion in 2023 and is expected to grow at over 6.4% CAGR between 2024 and 2032. Feed acids are being more widely used due to the rising demand for premium animal protein products and the increased attention being paid to the health and nutrition of animals.
Acidifiers like lactic acid and formic acid become more well-known because they can preserve gut health, increase feed efficiency, and replace antibiotic growth boosters. The use of acid-based additions in animal nutrition is further supported by the drive for sustainable agricultural methods and the growing worries about antimicrobial resistance.
Keeping varied livestock species' efficacy and performance constant is a significant difficulty in the Animal Feed Acidifiers market. various animals have various digestive systems and nutritional needs, which can limit the consistent efficiency of acidifiers and reduce their best use in feed compositions.
Why is formic acid gaining traction in the animal feed acid market?
Formic acid segment accounted for over USD 766 million in 2023 and will grow significantly through 2032 due to its ability to improve feed hygiene, prevent pathogenic microbes, and improve animal intestinal health, especially in the diets of pigs and poultry.
What is the animal feed acidifiers market worth?
Animal feed acidifiers industry was valued at around USD 2.2 billion in 2023 and is estimated to reach USD 3 billion by 2032 due to the rising demand for premium animal protein products and the increased attention being paid to the health & nutrition of animals.
Who are the key players in the global animal feed acidifiers industry?
BASF SE, Cargill, Incorporated, Novus International, Inc., Nutreco N.V., Perstorp Holding AB. Kemira Oyj, Kemin Industries, Inc., Yara International ASA, Biomin Holding GmbH, Impextraco NV, Adisseo France SAS, Trouw Nutrition (a Nutreco company), Jefo Nutrition Inc., Pancosma SA, and Volac International Limited.
How big is the U.S. animal feed acidifiers industry?
U.S. animal feed acidifiers market revenue was USD 678.3 million in 2023 and is anticipated to expand at a significant pace from 2024-2032 as organic acids have had a strong increase in use, particularly in animal feed applications.