Lactic Acid In Animal Feed Market - Forecast(2024 - 2030)

Lactic Acid In Animal Feed Market Overview

Lactic Acid In Animal Feed Market Size is estimated to reach $3.8 billion by 2027. Furthermore, it is poised to grow at a CAGR of 10.5% over the forecast period of 2022-2027. The lactic acid in animal feed is used to boost feed intake and improves digestive health by promoting optimal acidification of the stomach. Latic acid is from a group of alpha hydroxy acids which is naturally found in food. Lactic acid is commercially produced using anaerobic fermentation in which carbohydrates is hydrolysed by using anaerobic bacteria to produce lactic acid or lactate. Lactic acid is employed in various animal feed for poultry, swine, ruminants, aqua, and others. Lactic acid is predominantly used as prebiotic in animal food supplements. Lactic Acid Producing Bacteria (LAB) play a major role in the production of lactic acid. LAB has antimicrobial properties and is used in animal feed as probiotics or in the treatment of a variety of diseases. LAB can inhibit harmful microorganisms with their arsenal or through a competitive exclusion mechanism based on competition for binding sites and nutrients. LAB endowed with specific enzymatic functions (amylase, protease, acetaldehyde and others) can improve nutrient acquisition as well as animal immune system stimulation. In livestock production, LAB contributes to animal performance, health, and productivity. The alpha hydroxy acid is safe at 50,000?mg/kg complete feed for functional ruminants and pigs and at 20,000mg/kg feed for all the other animal species and categories except for pre-ruminants for which a safe level cannot be established according to European Food Safety Authority article published in April 2022. The various benefits of lactic acids in animals, the growing humanisation of pets around the world and increasing demand for meat and other animal products create scope for alpha hydroxy acid and Lactic Acid In Animal Feed Market. Also, increasing expenditure on R&D and innovative product launches by key market players help to grow the Lactic Acid in Animal Feed Industry over the forecast period 2022-2027.

Lactic Acid In Animal Feed Market Report Coverage

The report: “Lactic Acid In Animal Feed Market Forecast (2022-2027)", by Industry ARC covers an in-depth analysis of the following segments of the Lactic Acid In Animal Feed Market.

By Animal Types: Poultry, Swine, Ruminants, Aqua, and Others.
By Form: Dry, Liquid.
By Delivery System: Protected, Unprotected.
By Application: Gut Health, Antimicrobial Capacity, Yield/growth promoter, and Others.
By Geography: North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and the Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), and Rest of the World (the Middle East, and Africa).

Key Takeaways

• Geographically, Europe held a dominant Acid in Animal Feed Market Share in the year 2021, owing to the strong demand for Lactic Acid in Animal Feed Industry and major demand from the poultry industry.
• The Lactic Acid In Animal Feed Market is predicted to increase owing to the growing demand for maltogenic alpha-amylase in functional food and beverages. However, the growing number of vegan populations restrain market expansion over the forecast period 2022-2027.
• A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Lactic Acid In Animal Feed Market Report.

Lactic Acid In Animal Feed Market Segment Analysis- By Animal Type

The Lactic Acid In Animal Feed Market based on the animal type can be further segmented into Poultry, Swine, Ruminants, Aqua, and Others. The Poultry segment held a dominant market share in the year 2021 and is estimated to grow with the fastest CAGR rate of 10.9% over the forecast period 2022-2027. This is owing to attributes of lactic acids which improve body weight and feed conversion ratio, which will enhance broiler performance. Corn starch is mostly used in the poultry industry as an energy-yielding component and cheap source of carbohydrates with process of lactate to gain weight. Growing demand for poultry meat in the food industry helps to drive alpha hydroxy acid and Lactic Acid In Animal Feed Market as feed supplement. It has also been reported that antibiotic growth promoters administered to chickens (oxytetracycline, erythromycin, tylosin, bacitracin, and neomycin sulfate) increased the prevalence of Proteobacteria. To reduce its effect prebiotics, lactic acid bacteria help to maintain the balance of intestinal microflora. Research studies found that Campylobacter infection in the presence of the probiotic L. fermentum CCM7514 exerts a positive effect on the intestinal architecture of birds exposed to pathogens and favorably regulates the expression of pro-inflammatory cytokines, which may lead to a more effective response to Campylobacter invasion. Also, the high consumption of poultry meat across the world creates demand for processed carbohydrates and lactic acids in the poultry industry. According to the United States Department of Agriculture report published in March 2022, per capita, poultry meat consumption in the U.S., hiked by 102kg and the leading category among beef, pork, poultry, and turkey meat. Owing to such high demand for poultry meat consumption demand for lactic acid in poultry hiked which hikes Lactic Acid in Animal Feed Industry over the forecast period 2022-2027.

Lactic Acid In Animal Feed Market Segment Analysis- By Form

Lactic Acid In Animal Feed Market based on the form can be further segmented into Dry and Liquid. The Dry segment held a dominant market share in the year 2021. The Lactic acid is mostly used in dry form in animal feed. Also, the consumers prefer dry pet food as it is easy to serve, easy to store, and have a long shelf life. Additionally, the dry form of lactate is helpful in feed formulation and easily binds with other materials. In dairy animals to prevent bovine mastitis dose of antibiotics is usually used, which can create antibiotic resistance in animal and lactic acid play an important role to prevent risk of resistance development according to the research paper published in the National Center for Biotechnological Information in October 2020. Owing to this lactic acid is given to dairy animals with feed. In the United States the number of milk cows in 24 major states is 8.88 million according to the United States Department of Agriculture (USDA) 2022. Such factors demand powder form of lactic acid and help to grow the Lactic Acid In Animal Feed Market Size.

However, the Liquid segment is estimated to grow with the fastest CAGR rate of 10.4% over the forecast period 2022-2027. Liquid lactic acids help to reduce dry matter loss, lysine breakdown, formation of biogenic amines, and phytate-phosphorus and this is proved by Translational Animal Science in January 2022. The liquid form of lactate is mostly used in the feed of pigs, as a probiotic swine diet. Meat from pig (Pork) is high in demand and is mostly consumed in China. Per capita pork consumption in China in 2022 is 52kg and rises by 4.1% as per pig333, a site about the pig production chain from pig to pork aimed at veterinarians, farmers, and others. Owing to the high demand for pork meat and the application of a liquid form of lactic acid in pig feed fuels, the growth of Lactic Acid In Animal Feed Market Size over the forecast period 2022-2027.

Lactic Acid In Animal Feed Market Segment Analysis- By Geography

The Lactic Acid In Animal Feed Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. Europe held a dominant market share of 37% in the year 2021. This is owing to the increasing demand for meat in Europe, according to the European Commission report published in December 2021, per capita meat consumption in Europe is expected to be 67kg by 2031, and poultry meat consumption is resulted to increase in per capita consumption of 23.5kg in 2021 to 24.8kg per capita in 2021. Additionally, organic milk production in European Union is anticipated to grow from 3.5% in 2019 to 8% in 2031. Such high production of milk and consumption of meat in the European Union create demand for lactic acid in animal feed which helps to grow the Lactic Acid In Animal Feed Market Share in this region.

Furthermore, Asia-Pacific is estimated to grow with the fastest CAGR rate of 11.3% over the forecast period 2022-2022. This is owing to the increasing population in this region and the growing demand for protein-rich food, such as milk & milk products, eggs, and meat. According to Veterinaria Digital, a magazine of veterinary information, the cold chain is anticipated to grow by 12% from 2022 to 2027. Such an increasing number of cold chains surge demand for fish and meat in the retail sector. Also, beef production would reach 58 million metric tonnes in this region. Such factors dominate the growth of Lactic Acid In Animal Feed Market Share over the forecast period 2022-2027.

Increasing Animal Feed Production Helps to Drive Market.

The animal feed industry is growing with an increasing trend of pet humanization, furthermore increase in commercial aquaculture, hatcheries, and poultry industry favors the animal feed industry. Latin America is known for highly pet humanization and the estimated pet population in the region is 120 million dogs and 45 million cats in 2021. Therefore, 7 million pet food tons are consumed every year, according to the pet food industry. Such growing demand for pet food helps to drive the growth of Lactic Acid In Animal Feed Market share over the forecast period 2022-2027.

Growing Consumption of Meat Aid Market Growth.

As per Organisation for Economic Co-operation and Development (OECD), Living standards, diet, animal production, consumer pricing, macroeconomic unpredictability, and GDP shocks are all tied to meat consumption. Meat is distinguished from other commodities by high production costs and high output prices. Demand for meat is correlated with increasing expenditures and a shift in food consumption patterns that favour more animal-based proteins in carbohydrates diets as a result of urbanisation. As per OECD data meat consumption is expected to reach 36kg per capita in Argentina, 26kg per capita in the United States, 24kg per capita in Israel, and 20.9kg per capita in Kazakhstan in the year 2029. Such high demand for meat across the globe fuels Lactic Acid In Animal Feed Market Size over the forecast period 2022-2027.

Lactic Acid In Animal Feed Market Challenges

Increasing the Number of Vegan Populations, is Hampering the Market Growth.

The increasing vegan population and the rise in veganism, in which people avoid consuming any animal-based products in their diet, are major factors that hinder the growth of the market. This resulted in a rise in demand for dairy alternatives made without the use of milk, such as vegan cheese, soy milk, and vegan butter and meat alternative. In 2021, it is anticipated that there are more than 79 million vegans on the planet. The vegan diet has been promoted by celebrities such as American singer Ariana Grande and groups such as People for the Ethical Treatment of Animals (PETA). The increasing popularity of veganism and the rising vegan population may hinder growth of Lactic Acid In Animal Feed Market.

Lactic Acid In Animal Feed Market Outlook

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Lactic Acid in Animal Feed Industry. The top 10 companies in the Lactic Acid In Animal Feed Market are:

1. Corbion

2. Biomin

3. Kemin Industries, Inc

4. NOVUS International

5. BASF S

6. Perstorp Holding AB

7. Yara International Asa

8. Impextraco

9. Jefo Nutrition Inc.

10. Kemira OYJ

Recent Developments

• In May 2022, Kemin Industries, a global ingredient manufacturer opened new 36,000-square-foot office and distribution center to enhance Mexico and Central America operations. This new location will offer improved service and solutions to better serve its customers.
• In March 2021, Corbion, Dutch food ingredient firm announced to increase its lactic acids and related derivatives production capacity. This will gain by capital expenditure at its four existing facilities to maximize efficiencies and leverage synergies. That result in an additional output by the four facilities, which would be equivalent to a new production site.
• In June 2020, Erber Group of Austria, a parent company of Biomin and certified testing laboratory Romer Labs has acquired by Royal DSM, for an enterprise value of 980 million Euros. the acquisition of the Erber Group is a unique strategic opportunity and is expected to create synergies and improve revenue through the integration of product portfolios, global customer groups, and regional advantages.                                    

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