Global Propionic Acid for Animal Feed Market Segmentation, By Grade (Biotech/Analytical (High Purity) and Technical (Low Purity)), Process (Oxo Process, Reppe Process, and Product Process), End-User (Chemical, Agriculture, Healthcare, Personal Care, and Food and Beverages) – Industry Trends and Forecast to 2031.
Propionic Acid for Animal Feed Market Analysis
The propionic acid for animal feed market is experiencing notable growth due to advancements in technology and methods. Recent innovations include the development of more efficient production processes using advanced catalysts and improved fermentation techniques. These advancements enhance the purity and reduce the production costs of propionic acid, making it a more viable option for animal feed.
One significant technological advancement is the use of continuous production systems, which improve efficiency and scalability. Enhanced purification methods, such as membrane filtration, have also contributed to the higher quality of propionic acids, making it more effective as a preservative in animal feeds.
The growth in the market is driven by increasing demand for high-quality animal feed, which is essential for maintaining livestock health and improving meat quality. The rise in industrial livestock farming and the need for effective preservation solutions further boost the demand for propionic acid. The market is projected to expand as these technological improvements continue to streamline production and enhance product efficacy.
Propionic Acid for Animal Feed Market Size
The global propionic acid for animal feed market size was valued at USD 2.02 billion in 2023 and is projected to reach USD 3.08 billion by 2031, with a CAGR of 5.40% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include import export analysis, production capacity overview, production consumption analysis, price trend analysis, climate change scenario, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.
Propionic Acid for Animal Feed Market Trends
“Rising Demand for High-Quality Animal Nutrition”
One specific trend driving the growth of the propionic acid market for animal feed is the increasing demand for high-quality and sustainable animal nutrition. Propionic acid is increasingly used as a preservative and anti-fungal agent in animal feeds to enhance shelf life and prevent mold growth. This trend is driven by the growing awareness of the benefits of high-quality animal nutrition in improving livestock health and productivity. For instance, propionic acid's use in cattle feed has been linked to better feed conversion ratios and improved overall animal growth. As consumers demand more from their food sources, the adoption of propionic acid in animal feed is expected to rise.
Report Scope and Propionic Acid for Animal Feed Market Segmentation
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Attributes
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Propionic Acid for Animal Feed Key Market Insights
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Segments Covered
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Key Market Players
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Dow (U.S.), BASF SE (Germany), Perstorp (Sweden), Eastman Chemical Company (U.S.), Niacet, A Kerry Company (U.S.), Macco Organiques Inc. (Canada), Mitsubishi Chemical Corporation (Japan), Hawkins (U.S.), ADDCON GmbH (Germany), Impextraco NV (Belgium), Kemin Industries, Inc. (U.S.), Krishna Chemicals (India), Prathista Industries Limited (India), OXEA GmbH (Germany), Merck KGaA (Germany), Titan Biotech (India), NOVUS INTERNATIONAL (U.S.), Daicel Corporation (Japan), Celanese Corporation (U.S.), Corbion NV (Netherlands), and Otto Chemie Pvt. Ltd., (India)
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Market Opportunities
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Value Added Data Infosets
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include import export analysis, production capacity overview, production consumption analysis, price trend analysis, climate change scenario, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.
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Propionic Acid for Animal Feed Market Definition
Propionic acid, a short-chain fatty acid, is increasingly used in animal feed to enhance growth and performance. It acts as an antimicrobial agent, inhibiting the growth of harmful bacteria in the gut and improving overall digestive health. This results in better nutrient absorption and feed efficiency. By controlling mold and bacteria, propionic acid also extends the shelf life of feed. The inclusion of propionic acid in animal diets has been linked to increased weight gain and improved feed conversion ratios, making it a valuable additive for optimizing livestock production and ensuring animal health.
Propionic Acid for Animal Feed Market Dynamics
Drivers
- Rising Demand for Livestock Products
The rising global consumption of meat, dairy, and eggs drives the demand for animal feed, which in turn boosts the need for propionic acid as a preservative. For instance, in 2023, the U.S. saw a 3% rise in poultry and beef production. This surge necessitates effective feed preservation to ensure quality and safety. Propionic acid, known for its antimicrobial properties, helps prevent spoilage and mold growth in feed, thus fueling its market growth.
- Rising Demand for Sustainable Farming Practices
The push for sustainable farming drives the use of propionic acid in animal feed. As a natural preservative, propionic acid supports eco-friendly practices by reducing the need for synthetic chemicals. For instance, its use in feed helps maintain quality and prevent spoilage without harmful residues, aligning with the growing consumer preference for sustainable and environmentally responsible farming methods. This trend significantly boosts the market for propionic acid.
Opportunities
- Advancements in Feed Formulation Technologies
Innovations in feed formulation have led to the development of advanced processing techniques that integrate propionic acid for better feed preservation. For instance, microencapsulation technologies now allow for precise delivery of propionic acid, improving its efficacy in preventing mold and spoilage. This advancement creates opportunities in the market by enhancing feed quality and extending shelf life, appealing to feed manufacturers seeking to improve product performance and safety.
- Growth in the Poultry Sector
The expansion of the poultry industry, driven by rising consumer demand for chicken products, creates significant opportunities for the propionic acid market. For instance, the increasing scale of poultry farms, such as those in Asia-Pacific regions, enhances the need for effective feed preservatives. Propionic acid helps prevent mold and spoilage, ensuring feed stability and quality, thus driving its adoption in the growing poultry sector.
Restraints/Challenges
- High Production Costs
The production of propionic acid involves intricate processes and expensive raw materials, leading to high manufacturing costs. These elevated costs can restrict profitability and reduce market competitiveness. As a result, the overall market for propionic acid in animal feed may be hindered, making it challenging for producers to maintain competitive pricing and profitability.
- Availability of Substitute
Organic acids and essential oils are alternative feed additives that can fulfill similar roles as propionic acid. The widespread use of these substitutes can diminish the demand for propionic acid, potentially reducing its market share. As these alternatives become more popular or are perceived as more effective or cost-efficient, they pose a significant challenge to the growth of the propionic acid market in animal feed.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
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Expected Impact of Economic Slowdown on the Pricing and Availability of Products
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Propionic Acid for Animal Feed Market Scope
The market is segmented on the basis of grade, process, and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Grade
- Biotech/Analytical (High Purity)
- Technical (Low Purity)
Process
- Oxo Process
- Reppe Process
- Product Process
End-User
- Chemical
- Agriculture
- Healthcare
- Personal Care
- Food and Beverages
Propionic Acid for Animal Feed Market Regional Analysis
The market is analysed and market size insights and trends are provided by country, grade, process, and end-user as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe is expected to dominate the propionic acid for animal feed market due to favorable government regulations and environmental policies. The region's strong emphasis on high-quality feed mix products is further driving market growth. Increased demand for superior animal nutrition and stringent regulations are likely to sustain Europe's leading position throughout the forecast period.
Asia-Pacific is expected to witness significant growth in the propionic acid for animal feed market due to expanding pharmaceutical and food preservative industries. Additionally, rising disposable incomes are anticipated to boost demand for high-quality animal feeds, further accelerating market growth in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Propionic Acid for Animal Feed Market Share
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.
Propionic Acid for Animal Feed Market Leaders Operating in the Market Are:
- Dow (U.S.)
- BASF SE (Germany)
- Perstorp (Sweden)
- Eastman Chemical Company (U.S.)
- Niacet, A Kerry Company (U.S.)
- Macco Organiques Inc. (Canada)
- Mitsubishi Chemical Corporation (Japan)
- Hawkins (U.S.)
- ADDCON GmbH (Germany)
- Impextraco NV (Belgium)
- Kemin Industries, Inc. (U.S.)
- Krishna Chemicals (India)
- Prathista Industries Limited (India)
- OXEA GmbH (Germany)
- Merck KGaA (Germany)
- Titan Biotech (India)
- NOVUS INTERNATIONAL (U.S.)
- Daicel Corporation (Japan)
- Celanese Corporation (U.S.)
- Corbion NV (Netherlands)
- Otto Chemie Pvt. Ltd., (India)
Latest Developments in Propionic Acid for Animal Feed Market
- In January 2021, Afyren Neoxy launched the first industrial-scale factory for green chemistry synthesis of organic acids such as acetic, propionic, butyric, isobutyric, valeric, isovaleric, and hexanoic acids. This facility, by biotechnology startup Afyren, aims to benefit industries such as cosmetics, perfumes, flavors, pharmaceuticals, and fine chemicals
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