Global Feed Acid Market: Growing Consumption of Meat to Propel Market at 6.30% CAGR during 2013-2019

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Adding nutritional value to animal feeds, through the use of acids are referred as feed acids.

The ingredients used in feed acids are inorganic acids, amino acids, monoanddiglycerides, antioxidants, glycerin, saccharides, probiotics and protein. The global market for feed acid was worth USD 1,162.3 million in 2012.

In 2012, Europe and North America accounted for more than 60% share of the market. Europe was the biggest market for feed acids followed by North America. This dominance was driven by the ban on antibiotics used as a growth promoter in animal feed and the increasing demand for improving feed utilization. Moreover, shift in trends towards natural and organic feed additives isalso expected to bring in rich gains for the feed acids market in these regions. But in future, both these economies are expected to lose their market share. In future, Asia Pacific is expected to be the fastest growing market.

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The rise in epidemic outbreaks such as avian flu and foot-and-mouth disease has increased concern towards animal health across the globe, due to which the quality of food has become an important issue. Therefore feed acids are used widely in both the finished product and ingredient markets. Their importance is also increasing as they form a part of the daily consumption needs of animals, mainly as feed acids to help guard against feed deterioration. In addition, consumers who prefer extrinsic quality attributes of meat have increased, affecting the overall growth of the meat market. The increasing outbreak of epidemics is not only affecting the meat market, but also posing a serious threat to human health due to increasing parasite transmission.

Feed acids are well known for their health benefits in the animal body, such as their capability to kill pathogenic microorganisms which causes diseases and deter the growth ofthe livestock animals. Feed acids also reduces diarrhea, improve response to antibiotic treatments and keep a microbial balance in the digestive system. Use of such feed acids have decreased epidemic outbreaks and has helped in stabilizing the meat market across the globe.

The rapid development in the feed industry has directly impacted production of organic/feed acids for preservation and improving the effectiveness of the feed. The microbial production of organic acids is a promising approach for obtaining organic acids from renewable carbon sources. Microbial processes seem to be feasible; however, mass level production has not been possible through these methods. In microbial production the feed acids are produced using any of the four common production methods viz. synthesis, extraction, fermentation and enzymatic catalysts.

Some of the key players of the markets profiled in this study are ADDCON GmbH, BASF SE, Perstorp AB, Kemin Industries Inc, Novus International and others.



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