The rapid growth of the aquaculture industry due to the rising consumption of seafood is boosting the sales of acidulants for aquaculture feed. The global feed acidulants market has been segregated, by application, into ruminants, poultry, swine, aquaculture, and others. The poultry segment is expected to be dominant during the review period owing to the high consumption of additives in poultry feed. However, the aquaculture segment is expected to register the highest growth rate during the forecast period due to the surging demand for aquaculture feed.
Global Feed Acidulants Market are additives mixed in animal feed to impart flavor. They are also used as preservatives to inhibit the growth of mold in feed. Such additives increase the acidity of the product. These organic acids are emerging as an effective substitute for antibiotics in animal feed. In the US and Europe, a ban on the use of antibiotics in feed is one of the major determinants that is driving the growth of the feed acidulants market.
Feed acidulants are substances that are added to animal feed to enhance flavor, consistency, shelf life, and solubility rate. They act as buffer components in feed formulations by lowering the pH level and enhancing feed solubility. The global feed acidulants market is expected to register a significant growth rate during the forecast period owing to the high consumption of animal-based products, increasing awareness regarding the importance of healthy livestock feed, and government initiatives to promote the animal feed industry. However, the rising prices of feed acidulants are hampering the growth of the market.
Some of the key players in the Global Feed Acidulants Market are-
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The Global Feed Acidulants Market has been segmented, on the basis of region, into North America, Europe, Asia-Pacific, the rest of the world.
Asia-Pacific is projected to dominate the global feed acidulants market and the regional market is projected to register the highest CAGR during the forecast period owing to the increasing production and consumption of animal feed in the region. India, Japan, China, and Thailand are the major contributors to market growth in the region.
The global feed acidulants market has been segmented based on type, form, application, and region.
Based on type, the global feed acidulants market has been divided into lactic acid, formic acid, propionic acid, malic acid, citric acid, sorbic acid, acetic acid, and others.
The global feed acidulants market has also been bifurcated, on the basis of form, into dry and liquid.
By application, the global feed acidulants market has been categorized as ruminants, poultry, swine, aquaculture, and others.
The global feed acidulants market has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world.
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