Global Feed Antioxidants Market
Posted by Aarti ghodke on December 7th, 2020
Global Feed Antioxidants Market was valued US$ XX Mn in 2019 and is expected to grow US$ XX Mn by 2027, at a CAGR of 8.6% during the forecast period.
Global Feed Antioxidants Market
The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.
Antioxidants are composites like vitamin, mineral, nutraceutical, or herb that protects animals against cellular damage from reactive oxygen species, with single oxygen atoms, free radicals, and hydrogen peroxide. Numerous types of antioxidants are used for animals like ascorbic acid (Vitamin C), alpha-tocopherol (Vitamin E), beta-carotene, and enzymes, like glutathione peroxidase, catalase, and superoxide dismutase. Supplementation with antioxidants is advantageous to any chronic inflammatory condition in animals. The use of antioxidants in the feedstuff will protect the nutritional quality of the feed and progress the shelf life of the feed products. Ethoxyquin, butylated hydroxyanisole (BHA), and butylated hydroxytoluene (BHT) are the most commonly used antioxidants.
Rise in the awareness among the farmers about protein enrichment and availability of livestock are expected to drive the market growth over the forecast period. Increasing widespread outbreaks, like foot & mouth diseases and flu’s have increased the animal health concerns, to overcome or avoid such diseases, demand for antioxidants is expected to grow over the forecast period. Increasing demand for animal feed additives for maintaining the metabolism rate in livestock is expected to drive the market growth in the future. The growth in feed production, implementation of advanced animal husbandry practices to improve meat quality, increasing meat-consuming population, and varying food habits of customers, creating demand for meat with particular texture and flavor are the factors that help to the growth of the feed antioxidants market.
The growing competition in the market, demanding product innovation, and the inefficiency of distribution channels in most of the emerging markets are the main factors affecting the feed antioxidants market. The absence of proper storage facilities in emerging countries has also helped to sustain the current status of the industry. Growing consciousness against too much use of chemicals has caused governments to have stringent regulations, mainly for imported foodstuff. This has restrained the exports from many feed producing countries, mainly European Union, seriously affecting the market in recent years. But, the scenario has provided an opportunity for innovating better and safer substitutes for conventional additives.
By animal, the poultry segment is expected to register the largest share of the global market by 2027. This is mainly because of the increasing consumption of chicken on religious acceptance over the other meats is expected to increase the demand for poultry livestock. Governments of African countries have introduced several strategies for encouraging poultry farming at a domestic level. Therefore, the regulatory preference will further increase the market penetration for these additives.
Region-wise, the Asia Pacific held the largest market share of the global market in 2018. The existence of numerous producers in the region is expected to fuel market growth. Increasing meat consumption in China, India, Indonesia, Vietnam, and the Philippines together with shifting the lifestyle of the people is predicted to boost the animal feed antioxidants market growth over the forecast period in the region.
In 2019, Cargill Inc, partnered with InnovaFeed, to bring advanced and sustainable feed options to the animal nutrition industry. Through this partnership, both companies together market fish feed, with insect protein, to support the growth of sustainable aquaculture.
The objective of the report is to present a comprehensive analysis of the Global Feed Antioxidants Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Feed Antioxidants Market dynamics, structure by analyzing the market segments and project the Global Feed Antioxidants Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Feed Antioxidants Market make the report investor’s guide.
Scope of the Global Feed Antioxidants Market
Global Feed Antioxidants Market, By Type
o Propyl Gallate
o Others (TBHQ and phosphoric acid)
o Botanical Extracts
Global Feed Antioxidants Market, By Animal
Global Feed Antioxidants Market, By Form
Global Feed Antioxidants Market, By Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Global Feed Antioxidants Market
• Archer Daniels Midland Company
• Koninklijke DSM N.V.
• BASF SE
For More Information:
https://www.maximizemarketresearch.com/market-report/global-feed-antioxidants-market/72042//Report Is Submitted By : Maximize Market Research Company
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About the AuthorAarti ghodke
Joined: August 26th, 2019
Articles Posted: 103
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