Feed Antioxidants Market:
The GMI Research’s latest analysis reveals that the Feed Antioxidants Market is slated to register a higher CAGR over the forecast period. This is attributed to the increased feed production, launch of improved animal husbandry practices to enhanced meat quality, the strong demand for animal-based products, and unexpected patterns of crop harvest.
Feed Antioxidants Market’s leading Manufacturers:
- Cargill Inc
- The Archer Daniels Midland Company
- BASF SE
- Nutreco N.V.
- Kemin Industries
- Bluestar Adisseo Co
- Perstorp Holding AB
- Alltech Inc
- Caldic B.V.
- Novus International Inc
Feed Antioxidants Market Dynamics (including market size, share, trends, growth, forecast, and industry analysis)
Key Drivers
The increasing feed production, the introduction of improved animal husbandry practices to enhanced meat quality, the strong demand for animal-based products, and unexpected patterns of crop harvest are the key drivers contributing to the growth of the global feed antioxidants market size. Moreover, increasing population, improved lifestyle globally, and rapid urbanization will further surge the demand for animal-based products. Meat is the main source of nutrition for many individuals worldwide. Around 300 million tons of meat are generated every year at a global level. Furthermore, due to the growing health concerns, the consumers have drastically shifted their emphasis towards nutritious and healthy food, wherein animal-based products act as a vital part. They aid in enhancing human nutrition, heart health, and bone. Animal-based products are high in proteins and vitamins, which will further boost the development of the body. In addition to this, animal-based products are also utilized in medicines for fast recovery. Thereby, the rising demand for animal-based products fuels the growth of the global feed antioxidants market. The growth rate of the agriculture sector is lesser than that of the poultry sector. This is owing to the growing disposable income of people and decreasing the rate of poultry products nationwide.
Type Segment Drivers
On the basis of the type, the market is segmented into synthetic antioxidants and natural antioxidants. The natural antioxidant is projected to rise at a higher CAGR over the coming years as the majority of the population across the globe favor animal-based food; thereby natural antioxidants in animals do not affect the safety, quality, and nutrition of animal meat. In addition to this, it improves the health and nutritional benefits of meat which will further augment the growth of the market.
Regional Drivers
Based on region, the Asia-Pacific is expected to rise at a higher CAGR over the forecast period due to the rising number of poultry stations as a result of the strong demand for animal-based products. Furthermore, the rising disposable income and the increasing health concerns are propelling the emphasis of customers toward protein-rich food, which supports the market growth.
Feed Antioxidants Market Segmentation:
Segmentation by Type:
- Synthetic Antioxidants
- BHA
- BHT
- Ethoxyquin
- Propyl Gallate
- Others
- Natural Antioxidants
- Carotenoids
- Tocopherols
- Botanical Extracts
- Vitamins
Segmentation by Animal:
- Poultry
- Swine
- Ruminants
- Aquaculture
- Pets
- Cats
- Dogs
Segmentation by Form:
- Dry
- Powder
- Granules
- Beadlets
- Liquid
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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