Feed Antioxidants Market was Valued at US$ 279.3 Mn in 2018Posted by venkatakiran on October 28th, 2019 Global Feed Antioxidants Market was Valued at US$ 279.3 Mn in 2018, Owing to Increasing Awareness Regarding the Benefits of Antioxidants on Animal Health Analyst Speak:
“The Global Feed Antioxidants Market was valued at US$ 279.3 Mn in 2018 and is expected to grow at a significant CAGR over six years forecast period 2019-2025 owing to growing awareness on animal health and rising price of the feed” Precision Business Insights (PBI) in its report titled “Global Feed Antioxidants Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2018 and Forecast 2019-2025” assesses the market performance over six years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. The global feed antioxidants market was valued at US$ 279.3 Mn in 2018 and growing at a CAGR of 5.1% over the forecast period owing to upsurge in custom of compounded feed to offer composed nutrition to animals and increasing demand for the antioxidants in order to improve the shelf life of the feed ingredients are expected to drive the growth of the market over the forecast years. Moreover, rising cost of the feed that enhances the resistance to the diseases are expected to enhance the growth of the market. Additionally, the feed nutrients are protected from deterioration that improves the shelf life and lessens the wastage, which increases the shelf life of the feed, and thus, reduces the wastage, that fuels the growth of the market over the forecast year. However, stringent regulations and various challenges hinders the growth of the market over the future years. Global feed antioxidants market segmented on the basis of antioxidant type, feed type, and region. Poultry Feed antioxidants segment accounted for higher revenue share Based on feed type, global feed antioxidants market segmented into Broilers Pre-starter Feed, Piglets Pre-tarter Feed, Cattle Pre-starter Feed, Aqua Pre-starter Feed, Pet Food, Cattle Feed, Poultry Feed, Aqua Feed, Pig Feed, Feed Premixes, and Raw Material. Poultry feed acidifiers segment accounted for the largest market share in 2018 with respect to revenue owing to the increasing demand from the end users and increasing consumption of chicken coupled with increased health consciousness is expected to hike the growth of the market.
For More Information: https://www.precisionbusinessinsights.com/market-reports/global-feed-antioxidants-market About: Precision Business Insights is one of the leading market research and management consulting firm, run by a group of seasoned and highly dynamic market research professionals with a strong zeal to offer high-quality insights. Like it? Share it! More by this author |