The global Feed Antioxidants market is projected to grow during the forecast period from 2024 to 2028, driven by the rising consumption of livestock-based products.
According to TechSci Research report, “Feed Antioxidants Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028”, Global Feed Antioxidants market is expected to upsurge at an impressive rate during the forecast period, 2024-2028. A significant factor fueling the growth of the global Feed Antioxidants market owing to increasing consumption of livestock-based products.
Moreover, antioxidants shield cells from oxidative damage, lower singlet oxygen levels in animals, and prevent lipid peroxidation and oxidative rancidity in animal feed during manufacturing, processing, and storage as well as help in preserving their nutritive value and decrease the overall cost of the feed by reducing wastage of feed. The use of antioxidants in animal nutrition helps preserve the sensory qualities of feed and prevents the destruction of essential nutrients such as pigments, amino acids and vitamins which further fuel the growth of global Feed Antioxidants market.
For instance, in 2021, Oxiris Chemicals S.A. launched Naturol a new brand of antioxidants based on natural tocopherol extracts for animal compound feed preservation.
Furthermore, the market is being further stimulated by the growing demand for continuous compound feed production as well as growing concern regarding the animal nutrient & health of livestock.
However, availability of alternative substitutes with same properties can slow down market growth. Moreover, fluctuation in raw material prices can further slowdown market growth.
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Global Feed Antioxidants Market is segmented on the basis of type, livestock, form, and region.
Based on type, the market is further bifurcated into natural and synthetic. Natural segment is expected to hold the largest market share during the forecast period, 2024-2028 as it helps to enhance animal health and welfare, improve meat quality, and increase the shelf life of animal products.
Based on livestock, the market is further segmented into poultry, ruminants, swine, aquatic animals, and others. Poultry is expected to hold the largest market share during the forecast period, 2024-2028. This is due to its low production cost and high demand among customers.
Based on form, the market is further bifurcated into dry and liquid. Dry segment is expected to experience the highest market share during the forecast period, 2024-2028, owing to its convenient storage and packaging, longer shelf life, and easy to use features.
Major companies operating in the global Feed Antioxidants market are:
- Koninklijke DSM N.V.
- BASF SE
- Cargill, Incorporated.
- Alltech Inc.
- Oxiris Chemicals, SA
- BTSA Biotecnologias Aplicadas SL
- Kaesler Nutrition GmbH
- Lallemand Inc
- VDH Chem Tech Pvt. Ltd.
- Simfa Labs Pvt. Ltd.
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“Asia Pacific region is expected to grow at the fastest rate during the forecast period owing to increasing production and consumption of animal and poultry meat. Additionally, increase in the number of feed mills & feed production creates lucrative opportunities for market growth. Furthermore, in North America, presence of a large livestock population & their growth rate as well as increasing availability of supermarkets for delivering frozen foods create huge prospects of market growth during the forecast period,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Feed Antioxidants Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type (Natural, Synthetic), By Livestock (Poultry, Ruminants, Swine, Aquatic Animals, Others), By Form (Dry, Liquid), By Region and Competition, has evaluated the future growth potential of global Feed Antioxidants market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global Feed Antioxidants market.”
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