Animal Feed Antioxidants Market Forecast and CAGR
According to the latest research by Fact.MR, the animal feed antioxidants market is set to witness substantial growth during the forecast period 2021-2031. Increasing demand for antioxidants in the animal feed industry coupled with the thriving need for sustainable and cost-effective nutrition to serve the same will offer high growth opportunities for the animal feed antioxidants market.
What is Driving Demand for Animal Feed Antioxidant?
Antioxidants prevent lipid peroxidation and oxidative rancidity in animal feed during the production, processing, and storage as well as prevent damage to cells and reduce singlet oxygen in the animal. Increased focus on improving animal digestive systems has shifted the demand for natural feed supplements, especially antioxidants, vitamins, and minerals.
Antioxidants help to preserve the freshness, flavor, and color of the animal feed. The growth of antioxidants is primarily driven by the rising meat industry across the globe. In addition, increased demand for livestock products raising awareness about animal health and feed quality is expected to benefit the growth of the animal feed antioxidants market.
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Rising Commercial Livestock Farming bolster the sales of the Animal Feed Antioxidant Market
Livestock and agriculture are examples of commercial farming, both are flourishing. Commercial agriculture and aquaculture farming are critical to the economies of countries like China, India, the United Kingdom, and the United States, among others. Commercial farming production has increased in response to increased demand for meat and seafood products in most of the countries in the region.
The commercial farming industry is being driven by increased global demand for high-quality meat and seafood products, as well as increased meat and milk consumption. The animal feed additives market could benefit from the expansion of the commercial farming industry. Increased commercial animal production has significantly contribute to growth of animal feed supplements such as antioxidants, vitamins, protein, and others.
COVID-19 outbreak created an anxious situation among the animal nutrition manufacturers owing to the trade barriers, but the steady demand from the animal feed industry has minimal impact on the animal feed antioxidants market.
The higher demand pattern for a cost-effective sustainable solution is expected to offer significant growth for the animal feed industry. Disruption in agriculture and trading activities may lead to fluctuation in agricultural commodity prices thus positively impacting the growth of the animal feed for offering antioxidant and other feed supplements to animals.
Asia Pacific Demand Outlook for Animal Feed Antioxidant
Asia Pacific is estimated as the largest developing market for animal feed antioxidants and animal feed additives. The market for antioxidants is largely driven by increasing meat consumption and rising commercial farming in the region.
With the rising commercial farming, animal feed manufacturers are more focused on the expansion of production capacity to cater to the increasing demand for animal feed additives and supplements. This growing commercial farming and increasing production capacities of the manufacturers is expected to drive the growth of the animal feed antioxidants market in the Asia Pacific during the forecast period
The demand for animal feed antioxidants in the Asia Pacific will be led by highlighted manufacturers’ interest in increasing their market share in the animal feed industry. With the increasing demand for animal feed additives such as antioxidants, protein, and others, the manufacturer in the region have increased their production capacity and research and development activity to increase production capacity as well as the quality of the feed.
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US and Canada Animal Feed Antioxidant Market
In US and Canada, the demand for meat and meat products is increasing day by day which is significantly driving the product demand in the market. With the increasing demand for meat products, the farmers are increasingly inclining toward animal feed additives such as antioxidants, vitamins, and others to fulfill the increasing demand for healthy and superior quality meat products which also contribute to the growth of the animal feed antioxidants market.
According to a recent study, oxidative rancidity or lipid peroxidation results in a serious decrease in the energy value of feed which causes several diseases. With the increasing commercial poultry farming in the region, the manufacturers are offering different types of antioxidants for feed application to reduce wastage and enhance feed quality. Thus, increasing commercialization of poultry farms in US and Canada is expected to benefit the sales of the animal feed antioxidant market.
Who are the Key Manufacturers and Suppliers of Animal Feed Antioxidants?
Some of the leading manufacturers and suppliers operating in the animal feed antioxidants market include
- Koninklijke DSM N.V
- Archer Daniels Midland Company
- BASF SE
- Novus International
- Industrial Tecnica Pecuaria
- Chemical Fine Sciences
- Lallemand Animal Nutrition
- Oxiris Chemical
- Videka Company
- Zhejiang Medicine
- VDH ChemTech
- FoodSafe Technologies
- Bertol Company.
Key manufacturers like Cargill, and others are focusing on the expansion of their production facilities as well as strategic alliances/partnerships with regional feed manufacturers in Western Europe, Asia Pacific, and the Middle East, to increase their market presence and product offerings in the global market.
Additionally, manufacturers including Archer Daniels Midland Company, BASF are introducing novel techniques and methods to improve the quality of their products as well as increase production. Companies are investing in R&D intending to develop competitive and adaptable animal feed production and processing technologies.
An Adaptive Approach to Modern-day Research Needs
Animal Feed Antioxidant Market Report Highlights:
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
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- Botanical extracts
- Propyl gallate
- Pet Animal
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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