Global Feed Antioxidants Market, By Animal (Ruminants, Cattle, Swine, Poultry, Aquaculture, Pets, Others), Form (Dry, Liquid), Type (Synthetic Antioxidants, Natural Antioxidants), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights : Global Feed Antioxidants Market
Data Bridge Market Research analyses that the feed antioxidants market will project a compound annual growth rate (CAGR) of 5.10% during the forecast period of 2022-2029 and is likely to reach the USD 526.12 billion by 2029.
Food antioxidants are chemicals added to animal feed to extend the shelf life of the food by preventing oxidation in the finished product and in the stomachs of the animals. Antioxidants also aid in the preservation of nutritional supplements in the diet, such as lipids, vitamins and pigments.
The market is projected to flourish due to rising demand for meat as a high-protein product and increased awareness about animal health. Due to the continued need for milk and eggs, the market will flourish. Another concern that will drive the sector is the prevalence of illnesses in farms and domestic animals. The market will be influenced by animal breeder's demand for disease-resistant qualities in animal feed in order to produce higher-quality meat. As a result of rising product demand, consumers' improved eating habits have helped to drive up meat consumption. Furthermore, stringent government regulations benefit natural products, and as a result, the market is anticipated to expand.
Moreover, customer preferences and acceptance of high-quality feed for livestock and growing popularity of mold inhibitors will further create lucrative and remunerative growth opportunities for the feed antioxidants market.
However, quality control of feed additive products manufactured by Asian companies will pose a major challenge to the growth of the market. Also, the high cost associated with natural antioxidants will further derail the feed antioxidants market growth rate.
This feed antioxidants market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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 feed antioxidants market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Feed Antioxidants Market Scope and Market Size
The feed antioxidants market is segmented on the basis of animal, form and type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of animal, the feed antioxidants market is segmented into poultry, swine, ruminants, aquaculture, pets, and others. Pets segment is further sub-segmented into cats and dogs.
- On the basis of form, the feed antioxidants market is segmented into dry and liquid. Dry segment is further sub-segmented into powders, granules and beadlets.
- On the basis of type, the feed antioxidants market is segmented into synthetic antioxidants and natural antioxidants. Synthetic antioxidants segment is further sub-segmented into BHA, BHT, ethoxyquin, propyl gallate and other types. Natural antioxidants segment is further sub-segmented into carotenoids, tocopherols, botanical extracts and vitamins.
Feed Antioxidants Market Country Level Analysis
The global feed antioxidants market is analyses and market size, volume information is provided by country, animal, form and type as referenced above.
The countries covered in the feed antioxidants market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Asia-Pacific dominates the feed antioxidants market and will continue to flourish its trend of dominance during the forecast period owing to the rising awareness among farmers about protein enrichment in this region. North America is expected to score the highest CAGR due to the swift industrialization in this region.
The country section of the feed antioxidants market 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 such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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.
Competitive Landscape and Global Feed Antioxidants Market Share Analysis
The feed antioxidants 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 feed antioxidants market.
Some of the major players operating in the feed antioxidants market are NOVUS INTERNATIONAL, Kemin Industries, Inc., BASF SE, Impextraco NV, Cargill, Incorporated, DuPont, ADM, Perstorp, Nutreco, Alltech., Adisseo, and DSM, among others.
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