Feed Antioxidants - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Feed Antioxidants market is accounted for $333.02 million in 2018 and is expected to reach $607.12 million by 2027 growing at a CAGR of 6.9% during the forecast period. Some of the key factors propelling the market growth are rising in feed production and increasing demand of animal-based products. However, high cost of natural antioxidants is the restraining factor for the growth of the market.
Generally, the antioxidants are termed as shelf-life extenders. They are substances used in feed for animals to increase their shelf life by preventing unnecessary oxidation in finished feeds and animal guts. The feed antioxidants protect the feed nutrients in the feed such as proteins, vitamins, fats, pigments and flavouring agents from deterioration which thus gives a nutrient security or guarantee top the animals. The feed oxidization prevention is a must requirement as it can influence the animal health and performance.
By type, BHT segment is expected to grow at the significant market share during the forecast period. Higher stability, simple availability, and minimal cost of production fuel the growth of the synthetic segment in the market. Also, it protects fat-soluble vitamins and other different nutrients against oxidative degradation, along with the loss of active ingredients in feed.
On the basis of geography, Asia Pacific is anticipated to hold considerable market share during the forecast period due 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 , for example, meat and dairy. The globally increasing cost of feed is the primary 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 the region makes the use of feed antioxidants necessary.
Some of the key players in Feed Antioxidants Market include Adisseo, Alltech, Archer Daniels Midland Company (ADM), BASF, Bertol Company, BTSA, Caldic, Camlin Fine Sciences, Cargill, Foodsafe Technologies, Industrial Tecnica Pecuária, Kemin, Koninklijke DSM N.V., Novus International, Nutreco, Oxiris Chemicals, Perstorp, VDH Chem Tech Pvt LTD, Videka and Zhejiang Medicine Co LTD.
• Natural Antioxidants
• Synthetic Antioxidants
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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