The global feed antioxidants market, valued at USD 356 million in 2019, is projected to escalate to USD 474 million by 2025, growing at a rate of 4.9%. The driving forces behind this growth are the increasing demand for high-quality feed, advancements in feed production technology, and a rise in standardized meat product offerings.
The feed antioxidants market refers to the industry that produces and sells antioxidants used in animal feed to improve the quality of feed and enhance animal health. Antioxidants are added to feed to prevent spoilage caused by oxidation and to maintain the nutritional value of the feed ingredients. The market is growing due to increasing demand for high-quality animal feed and the need to improve the overall health and productivity of livestock. Key players in the market include BASF SE, Adisseo, Alltech, Cargill Inc., and Evonik Industries AG. The market is segmented based on type, animal type, form, and geography.
As the market demand shifts from synthetic to natural antioxidants, there is an increase in demand for natural feed antioxidants. The manufacturers are focusing on innovative products to develop cheaper natural antioxidants to capture the market and capitalize on this increasing demand, which is boosting the demand for natural feed antioxidants.
Asia Pacific is projected to witness significant growth during the forecast period.
The market for feed antioxidants is increasing globally and is largely driven by the increase in meat consumption. The market for feed antioxidants is projected to increase steadily up to 2025. Asia Pacific is estimated as the largest developed market for feed antioxidants. This region is a growing market and provides great future potential for producers. The region’s dominance of share and growth rate is attributed to the growing economies in the Asian countries, which are bound to record an increase in disposable incomes and trigger the demand for protein-rich products such as meat and dairy. The globally increasing cost of feed is the main factor leading to an increased demand for the feed antioxidants to prevent feed spoilage and enhance its shelf-life. Also, the hot and humid climate in certain parts of the world makes the use of feed antioxidants necessary.
What are the drivers and opportunities for the feed antioxidants market?
Key Market Players:
Key participants in the market include Cargill (US), Archer Daniels Midland Company (US), Koninklijke DSM N.V. (Netherlands), BASF SE (Germany), Nutreco (Netherlands), Kemin (US), Adisseo (France), Perstorp (Sweden), Alltech (US), Caldic (Canada), Novus International (US), Chemical Fine Sciences (India), Oxiris Chemical (Spain), VDH Chemicals (India), Zhejiang Medicine Co. Ltd. (China), BTSA (Spain), Bertol Company (Czech Republic), FoodSafe Technologies (US), Videka (US), Lallemand Animal Nutrition (Canada), and Industrial Tecnica Pecuária (Spain).
The most commonly used antioxidants are ethoxyquin, butyl hydroxyanisole and butyl hydroxytoluene.This report gives significant comprehension of the Global Feed Antioxidants Market which covers all principal perspectives for the period 2020-2027.
The report considers profundity framework of the market to scaled down scale nuances of the business.
Market show, designs, key market drivers and imperatives, SWOT investigation, market interest examination are completely introduced in this report.
The report is a flat out need inferred for a financial specialist, business strategies, investigators and specialists.Global Feed Antioxidants Market strongly dominates the worldwide economy with a significant development rate in the coming years.
Instantly creating industry framework, expanded item commercialization, and floating requests.
These are fortifying the business’ tractions to turn out to be more powerful and altogether buy in to worldwide income generation.Request a Sample of Feed Antioxidants Market from: https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-feed-antioxidants-marketThe various segments of Feed Antioxidants Market by Leading Players are Kemin Industries, Inc., BASF SE, Impextraco NV, Cargill, Incorporated, DuPont, ADM, Perstorp, Nutreco N.V., Alltech., Adisseo, Novus International, DSM.By Animal: Ruminants, Cattle, Swine, Poultry, Aquaculture, Pets and OthersForm: Dry, LiquidType: Synthetic Antioxidants, Natural AntioxidantsAlso, the report enjoys different benefits due to deep analysis huge highlights in significant developing markets.
The global animal feed antioxidants market size was valued at USD 183.4 million in 2014.
Rising meat consumption as a result of increasing awareness toward protein diet is expected to promote the importance of good quality feed ingredients for livestock.
Furthermore, rising spending toward inclusion of cattle management technology in the dairy farming sector of UK and Ireland is expected to expand the application scope in the near future.
Over the past few years, the agriculture industry of developing countries including China, Brazil, and India have been witnessing significant rise owing to increasing expenditure on crop yielding technology.
Download Free Sample Report @ https://www.millioninsights.com/industry-reports/animal-feed-antioxidants-market/request-sample Livestock insights: Poultry was the largest market, accounting for 34.3% of global share in 2015.
Product insights: Synthetic products forms held a market volume of over 50% in 2015.
