It is
well known that organic acids act as preserving agents and control the growth
of certain bacteria that are widely used in the food industry. In the feed
industry, acidulants are widely used for their usefulness in promoting a
healthy gut by modulating the intestinal flora through their bacteriostatic
and/or bactericidal effects on different types of bacteria. The acidulants used
in the feed have two modes of action. The first one is the reduction of
pH in the digestive tract and the second is the direct anti-microbial
effect against gram-negative bacteria like E. coli.
Feed
acidulants are expected to witness healthy growth and adoption during
the forecast period due to the ban on antibiotics in the US and the European
Union (EU), and the growing government aids or funds promoting the feed
industry wellness. Furthermore, the high threat of diseases in
livestock is expected to impact the market positively during the forecast
period. While manufacturers are looking forward to tapping this industry, the
major hindering factors are the rising prices of feed acidulants and
the maintenance of the efficacy of feed acidulants due to
their corrosive properties. These factors are restraining the growth of this
market.
According
to MarketsandMarkets, the global feed acidulants market is projected to grow
from USD 2.73 billion in 2018 to USD 3.45 billion by 2023. The growth of the
market is expected to be directly affected by the growth of feed additives and
the increasing government aid for livestock welfare. The feed acidulants
industry is projected to grow at a CAGR of 5.1% from 2018 to 2023.
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What
is driving the growth of the feed acidulants market?
·
The
outbreak of diseases such as avian flu, BSE (bovine spongiform encephalopathy),
and SARS (severe acute respiratory syndrome) not only affects livestock
breeding and the economy but also poses a
serious threat to human health. The emergence of swine diarrhea in the US
caused significant losses to swine farmers. Countries such as China, India, and
Indonesia are constantly facing outbreaks of avian flu and swine flu due to their
hot and humid climatic conditions. Meat vendors, meat processors, wholesalers,
retailers, and ultimately, livestock growers suffer financial losses due to the
culling of disease-affected animals, which further leads to a drop in animal
productivity.
The
use of feed acidulants in such cases proves to be an effective medium to reduce
disease outbreaks. They improve animal health, improve feed efficiency by
inhibiting pathogenic bacteria growth, and reduce the risk of sub-clinical
infections. The addition of feed acidulants to the feed also helps in
maintaining an optimum pH in the stomach of the livestock, stimulates feed
consumption, and improves protein and energy digestibility by reducing
microbial competition with host nutrients and endogenous nitrogen losses.
Therefore, the inclusion of feed acidulants is important for the maintenance of
animal health. This is one of the major factors driving the demand for feed
acidulants.
·The formic acid segment is
projected to be the fastest-growing in the global market, in terms of value
The
formic acid segment is projected to be the fastest-growing segment during the
forecast period, in terms of value. Formic acid is a colorless fuming liquid
and remains soluble in water in almost all proportions. This characteristic of
the acidulant enables its proper mixture in the feed, thereby
allowing consistent feed formulations. While formic acid remains highly
efficient in improving ATTD (apparent total tract digestibility) of protein, it
also aids in improving feed efficiency.
Formic
acid also acts as an ensiling agent, apart from being used for the preservation
and acidification of feed mixes. While being used as an ensiling agent, formic
acid supports lactic acid bacteria activity during the fermentation process.
The acidulant remains particularly effective in ensiling wet and high-protein
fodder plants. Additionally, the use of formic acid is known to be
environmentally safe, as it decomposes after it has been used as an ensiling
agent. Formic acid also boasts antibacterial effects that help to preserve
the feed. Formic acid, when used in tandem with propionic acid, enhances this
functionality further.
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Based on region, the feed acidulants market is segmented
into North America, Europe, Asia Pacific, South America, and Rest of the World.
Ø
Ø Increase in annual livestock
production in South America subsequently drives the demand for compound feed,
which, in turn, drives the consumption of feed acidulants. The rapid expansion
of the livestock industry in the region has also resulted in steady imports of
feed acidulants. According to the WHO, the per capita meat and milk & dairy
product consumption in South America was the highest in 2015, as compared to
other regions; and this trend is expected to continue to drive the demand for
feed acidulants in this region.
