If others can test it, there is no point in keeping it secret. Suggest applying for a patent.
Patent protection is often inadequate, but it is better than what you think is confidential and others can test the results.
If you apply for a patent, others can find the formula online.
Patent applications require full disclosure, but not all, which is very subtle. So I suggest that if you decide to apply for a patent, please hire a better patent agent.