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MarketResearch.biz delivers in-depth insights on the global animal feed antioxidants market in its upcoming report titled, “Global Animal Feed Antioxidants Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global animal feed antioxidants market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global animal feed antioxidants market report has been segmented on the basis of product, livestock, and region.
Oxidized feeds are inadequate in nutrients that lead to several health problems and reduced performance activities among the animals. The use of antioxidants in the feed will protect the nutritional quality of the feed and improve the shelf life of the feed products. Ethoxyquin, butylated hydroxyanisole, and butylated hydroxytoluene are the most commonly used antioxidants.
Rising awareness among the farmers regarding the protein enrichment along with the availability of livestock is expected to drive the market growth over the forecast period. Increasing epidemic outbreaks such as foot & mouth diseases and flu’s have increased the animal health concerns, to overcome or avoid such diseases, demand for antioxidants is expected to grow over the forecast period. Increasing demand for animal feed additives owing to maintaining metabolism rate in livestock is estimated to drive the market growth over the forecast period.
On the basis of livestock, poultry segment is expected to account the major share of the market revenue and is estimated to dominate the market growth over the forecast period. Increasing consumption of chicken on religious acceptance over the other meats is expected to increase the demand for poultry livestock’s. Governments of African countries have initiated various strategies for promoting poultry farming at a domestic level. Thus, the regulatory inclination will further increase the market penetration for these additives.
On the basis of product, synthetic antioxidant is expected to account the major share of the market revenue and is estimated to dominate the market over the forecast period. Availability of products along with affordable prices of synthetic antioxidants is anticipated to drive the market growth. Synthetic antioxidants are widely used in feed products to increase their shelf life.
The Asia Pacific is expected to account the major share of the market and is estimated to maintain its dominance over the forecast period. Presence of a large number of manufacturers in the region is expected to fuel the market growth. Increasing meat consumption in China, India, Indonesia, Vietnam, and the Philippines coupled with changing the lifestyle of the people and increasing disposable income of the people in the region is anticipated to propel the animal feed antioxidants market growth over the forecast period in the region.
Market segmentation and key players operating in the global animal feed antioxidants market:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Archer Daniels Midland Company
- BASF SE
- DSM Nutritional Product
- I. du Pont de Nemours and Company
- Adisseo France SAS
- Cargill Incorporated
- Zhejiang Medicine Co., Ltd.
- Kemin Industries, Inc.
- Novus International
- Perstorp Holding AB
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