Animal Nutrition Organic Acids Market Will Reach US$ 287.1 million by 2030

SHARE THIS ARTICLE

The global Animal Nutrition Organic Acids market size is expected to be worth around US$ 287.1 million by 2030, according to a new report by Vision Research Reports.

The global Animal Nutrition Organic Acids market size was valued at US$ 213.3 million in 2020 and is anticipated to grow at a CAGR of 10.5% during forecast period 2021 to 2030.

Get Sample Copy of This Report (Including TOC, List of Tables & Figures, and Chart)@ https://www.visionresearchreports.com/report/sample/38490

Animal Nutrition Organic Acids Market (By Product: Benzoic Acid, Butyric Acid, Sorbic Acid, Fumaric Acid, Malic Acid, Lactic Acid, Myristic Acid, Mid-chain Fatty Acids; By Species: Poultry, Swine, Ruminants, Aqua, Others; By Delivery System: Protected, Unprotected; By Application: Gut Health, Antimicrobial Capacity, Yield / growth promoter, Others) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030

Report Coverage

Report Highlights Details
Market Size USD 287.1 million by 2030
Growth Rate CAGR of 10.5% From 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Product, Delivery system, Species, Application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Carboic; Thyssenkrupp AG; ADM; Croda International Plc; Cargill, Incorporated; Eastman Chemical Company; BASF SE; Dow

Growth Factors

Growing demand for technological innovations and convenient food options produced from cost-effective renewable sources are considered key factors influencing industry growth. Increased utilization of organic acids in animal feed as a predominant substitute to traditional growth promoters is yet another key factor influencing market development across industries of various key geographies worldwide.

Organic acids are being increasingly used for feed preservation in commercial compound feeds and applications related to diets in pigs and poultry. These acids have proven to be highly effective in maintaining the growth performance of animals. Among the available antibiotic growth promoters, organic acids are proven to be the most reliable product group. The primary mode of action of these acids is through the antimicrobial effects and its intensity is dependent on the chemical composition of its salts and derivatives. 

Report Highlights

In terms of revenue, the lactic acid segment dominated the market for animal nutrition organic acids and accounted for the largest share of 59.0% in 2020. This high share is attributable to the high utilization of the product in dietary and drinking water acidification.

Mid-chain Fatty Acids (MCFAs) have been shown to have antimicrobial properties against viruses and gram-positive and gram-negative bacteria. These acids are used as an energy source in various diets, including animals as well as humans.

In terms of revenue, the poultry segment dominated the market and accounted for the largest share of 46.3% in 2020. This high share is attributable to the high use of organic acids with a weak base as a feed acidifier. One such organic acid used in manufacturing feed acidifiers is sorbic acid. Increasing demand for broiler meat is expected to boost the demand for organic acids and their salts in animal nutrition manufacturing.

The unprotected segment dominated the market and accounted for the largest revenue share of 74.0% in 2020. This high share is attributable to its ability to enhance the growth performance and digestibility in animals as it offers direct and high-level transfer of acid, positively impacting animal health while preventing cross-contamination.

In terms of revenue, antimicrobial capacity application dominated the market and accounted for a share of 44.6% in 2020. This high share is attributable to the high antimicrobial and antioxidant effects of organic acids. Organic acids, particularly fatty acids such as butyric acid, increase the growth of the gastrointestinal mucosa in animals, thereby enhancing their health. Gut health application is expected to witness the fastest growth of 6.9% from 2021 to 2028. Gut health plays a vital role in influencing the growth rate of animals.

Asia Pacific dominated the market and accounted for the largest revenue share of 46.4% in 2020. This dominance can be attributed to various factors such as increasing consumption of meat and meat products in populated economies of India and China, contributing to 35% of the global population.

Key Players

  • Carboic
  • Thyssenkrupp AG
  • ADM
  • Croda International Plc
  • Cargill, Incorporated
  • Eastman Chemical Company
  • BASF SE
  • Dow

Market Segmentation

  • Product
    • Benzoic Acid
    • Butyric Acid
    • Sorbic Acid
    • Fumaric Acid
    • Malic Acid
    • Lactic Acid
    • Myristic Acid
    • Mid-chain Fatty Acids
  • Species
    • Poultry
    • Swine
    • Ruminants
    • Aqua
    • Others
  • Delivery System
    • Protected
    • Unprotected
  • Application
    • Gut Health
    • Antimicrobial Capacity
    • Yield / growth promoter
    • Others
  • Regional
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
    • Asia Pacific
      • China
      • India
      • Japan
    • Central & South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

Buy This Premium Research Report, click here@ https://www.visionresearchreports.com/report/cart/38490 or call: +1 9197 992 333

Daksh

Daksh is an SEO Analyst having 3 years of experienced. we can quickly understand and support initiatives that will contribute to the goals and success of client campaigns. and also Perform keyword research in coordination with client business objectives to optimize existing content and uncover new opportunities.

View all posts by Daksh →

Leave a Reply

Your email address will not be published. Required fields are marked *