The global demand for Feed Grade Calcium Formate Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Kilo Tons in 2021 and forecast to touch XX Kilo Tons by 2028 with a CAGR of XX% during 2022-2028.
Calcium formate is the calcium salt of formic acid. It is also known as E238. Under this E number it is used as an animal feed preservative within EU. Calcium formate is used within EU as an animal feed preservative. Feed grade calcium formate is a calcium salt containing formic acid containing 31% calcium, 69% formic acid, neutral pH, and low moisture content.
Market Dynamics
The rising use of organic acids in animal feed has fostered research & development activities in the calcium formate industry, triggering the commercial applications of feed grade calcium formate in animal nutrition applications. Advancements in the animal nutrition industry have meant that the demand for effective feed additives to achieve a superior conversion rate is on the rise, which has positively impacted on the adoption of calcium formate as an additive in feed pre-mixes to improve their metabolism and digestive health. As many governments globally take measures to phase outgrowth-boosting antibiotics to ensure animal welfare safety, feed manufacturers include calcium formate as a preservative to lower the pH level and enhance the gut health in animals.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of feed grade calcium formate. The growth and trends of Feed Grade Calcium Formate Industry provide a holistic approach to this study.
Market Segmentation
This section of the feed grade calcium formate market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product
By Application
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Feed Grade Calcium Formate market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Feed Grade Calcium Formate Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the feed grade calcium formate market include Perstorp, Jiangxi Kosin Organic Chemical, Feicheng Acid Chemical, GEO Specialty Chemicals, Hengxin Chemical, Chongqing Chuandong Chemical, Shandong BaoYuan Chemical, Zibo Ruibao Chemical, LANXESS Corporation and others. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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