05-Dec-2022 | Zion Market Research
The global feed acid market size was worth around USD 1.9 billion in 2021 and is predicted to grow to around USD 3.3 billion by 2030 with a compound annual growth rate (CAGR) of roughly 6.5% between 2022 and 2030.
Compounds called feed acid are added to animal feed to enhance the nutritional value of the animal's diet. The usage of feed acid gives animals vital nutrients and enhances the digestive system's performance. Additionally, it promotes animal weight gain and improves immunity. As a result, the use of feed acid provides the feed with a nutritionally balanced diet.
The global feed acid market is growing at a significant rate. Factors such as a rise in demand for nutritious feed for livestock animals, increase in demand for dairy products as well as meat, and dramatic changes in livestock farming & their feeding practices have led to a rise in demand for feed acid that has ultimately upsurge the growth of the global market. Due to the rise in diseases among animals, the government of several countries is primarily focusing on the health of the animals. Animal feed that is fortified with essential amino acids, vitamins, and feed enzymes is the key to the good health of the livestock.
Feed acid improves the feed. Antibiotics help to control the spread of diseases in poultry and other animals. It kills pathogenic microorganisms and enhances response in livestock to several antibiotic treatments & improves digestion as well. Feed acids can also be used as finished products or as an ingredient. All these factors are substantially contributing to the growth of the global market.
Moreover, the increase in the demand from farmers across the world and the growing food processing industries to meet the demand of consumers are also factors that are fueling the growth of the market. Furthermore, the major concerns regarding the quality and nutritional value of dairy & meat products among consumers will drive the growth of the feed acid market during the forecast period. However, unawareness of the health benefits of feed acid and the rising trend of veganism are the factors that may restrain the growth of the feed acid market.
The global feed acid market is segmented based on product type, animal type, and region.
The global market is segmented into amino acids, antibiotics, vitamins, feed enzymes, and antioxidants based on the kind of product. In 2021, amino acid had the biggest market share, and it is anticipated that it would continue to dominate during the projected period. Enhancing the production and quality of animal products requires the use of amino acids. Due to the rising demand for animal-derived protein, the public's growing concern about the safety & quality of meat, and recent outbreaks of livestock disease, they are also essential for the burgeoning meat industry.
Additionally, using amino acids in animal feed increases feed efficiency, which lowers feed demand. Their utilization helps reduce the amount of soybean meal used in the feed formulation, which in turn reduces the demand for the ingredient and, as a result, the total requirement for arable land for the manufacture of feed.
The ruminants and poultry segments of the worldwide feed acid market are divided based on animal type. Throughout the forecast, the poultry segment is anticipated to rule the market. Due to growing awareness of the advantages of using feed acids in feedstuffs and growing animal health concerns, the market for feed acids used in chicken feed has expanded exponentially. On the other hand, the ruminants segment is growing significantly over the forecast period. In ruminants, feed acids play an essential role in animal health, contributing to the maintenance of numerous metabolic functions, including maintenance and immune responses.
Among the regions, North America is predicted to hold the maximum share in the global feed acid market and is also expected to hold its dominance over the forecast period. This is attributable to the rise in demand for feed acids due to the ban on the use of antibiotics, the presence of key players, and the growing demand for meat in this region. Asia Pacific is anticipated to grow with the highest CAGR owing to increasing poultry farming and an increase in consumer preferences towards the quality of meat & dairy products.
The global feed acid market is dominated by players like Trouw Nutritional International B.V., Novus International, Kemin Industries Inc., Provimi SA, ADA Alliance Nutrition Inc., Jefo Nutrition Inc., Evialis, BASF SE, Biomin GmbH, ADDCON GmbH, among others.
This review is based on a report by Zion Market Research, titled “Feed Acid Market By Product Type (Amino Acids, Antibiotics, Vitamins, Feed Enzymes and Antioxidant), By Animal Type (Ruminants and Poultry) and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2030.”- Report at https://www.zionmarketresearch.com/report/feed-acid-market
The global feed acid market is segmented as follows:
By Product Type
By Animal Type
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651