Lactic Acid in Animal Feed Market Application Insights
The application segment of the Lactic Acid in Animal Feed Market is categorized into monogastric animals, ruminant animals, and aquatic animals. Monogastric animals, such as swine and poultry, dominated the market in 2023, accounting for a significant share of the Lactic Acid In Animal Feed Market revenue due to the increasing demand for meat and poultry products.
The rising awareness of animal health and welfare, along with the growing adoption of lactic acid as a feed additive to enhance animal performance, is driving the growth of this segment.Ruminant animals, including cattle and sheep, are expected to witness steady growth in lactic acid demand due to the increasing adoption of lactic acid-based silage fermentation practices. Lactic acid aids in the preservation and nutritional enhancement of silage, improving the overall health and productivity of ruminant animals.
This segment is anticipated to contribute a substantial share to the Lactic Acid In Animal Feed Market segmentation over the forecast period. The aquatic animals segment, encompassing fish and shrimp farming, is expected to experience notable growth in the coming years.Lactic acid is increasingly used in aquaculture to control pH levels, enhance water quality, and improve fish and shrimp health. The rising demand for seafood products, coupled with the growing adoption of sustainable aquaculture practices, is anticipated to fuel the growth of this segment in the Lactic Acid In Animal Feed Market data.
Overall, the application segment of Lactic Acid in the Animal Feed Market is expected to exhibit significant growth in the coming years, driven by the increasing demand for animal-based products, the rising awareness of animal health and welfare, and the growing adoption of lactic acid-based feed additives.The market is expected to witness continuous innovation and product development, with a focus on enhancing animal performance and sustainability throughout the industry.
Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review
Lactic Acid in Animal Feed Market Form Insights
The Lactic Acid In Animal Feed Market is segmented into Liquid and Powder forms. The Liquid segment accounts for a larger market share due to its ease of handling and transportation. The Powder segment is expected to witness significant growth over the forecast period due to its longer shelf life and lower cost. The Lactic Acid In Animal Feed Market revenue for the Liquid segment is projected to reach $3.2 billion by 2024, while the Powder segment is expected to reach $1.8 billion by the same year.
The growth of the Liquid segment can be attributed to the increasing demand for liquid feed supplements in the animal feed industry.The Powder segment is expected to benefit from the rising demand for dry feed supplements in developing regions.
Lactic Acid in Animal Feed Market Source Insights
The Lactic Acid In Animal Feed Market segmentation by Source is categorized into Corn, Wheat, Sugarcane, and Cassava. Among these, Corn holds the largest market share due to its wide availability and cost-effectiveness. The demand for Corn-based lactic acid is primarily driven by its use in poultry and swine feed, as it enhances animal growth performance and feed efficiency. Wheat is another significant source of lactic acid, particularly in regions with abundant wheat production.
Sugarcane and Cassava are also gaining traction as alternative sources, especially in tropical and subtropical areas, due to their high starch content and favorable cultivation conditions.The rising adoption of lactic acid in animal feed to improve gut health, reduce antibiotic usage, and enhance animal welfare is expected to drive the growth of Lactic Acid in Animal Feed Market in the coming years.
Lactic Acid in Animal Feed Market Acidity Insights
The Lactic Acid In Animal Feed Market is segmented by acidity into high acidity and low acidity. High-acidity lactic acid is produced by the fermentation of carbohydrates by bacteria, while low-acidity lactic acid is produced by the chemical synthesis of lactic acid. The high acidity segment is expected to account for a larger market share in 2023, owing to its increased use in animal feed as a preservative and acidulant.
The low acidity segment is expected to grow at a faster CAGR during the forecast period, owing to its growing use in animal feed as a source of energy and nutrients.
Lactic Acid in Animal Feed Market Grade Insights
The Lactic Acid In Animal Feed Market is segmented by Grade into Food Grade and Non-Food Grade. The food-grade segment held the largest market share in 2023 and is expected to continue to dominate the market throughout the forecast period. The growth of this segment can be attributed to the increasing demand for food-grade lactic acid in the food and beverage industry. Lactic acid is used as a preservative, acidulant, and flavoring agent in a wide range of food products, including dairy products, beverages, and baked goods.
The Non-Food Grade segment is expected to experience significant growth over the forecast period due to the increasing demand for lactic acid in pharmaceutical, personal care, and industrial applications.Lactic acid is used as a raw material in the production of pharmaceuticals, such as antibiotics and anti-inflammatory drugs. It is also used in personal care products, such as skin creams and lotions, and in industrial applications, such as leather tanning and metalworking.
