Feed Antioxidants Market Analysis | 2023-2028

“The Feed Antioxidants Market is expected to grow from USD 391.5 million in 2022 to USD 520.2 million by 2028 at a healthy CAGR of 4.85% during the forecast period”.

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Market Dynamics

Introduction

Feed antioxidants safeguard the feed nutrients in the feed such as vitamins, proteins, fats, pigments, and flavoring agents from deterioration which thus, gives nutrient security. Antioxidants are called shelf-life extenders. Feed oxidization prevention is quite imperative as it can affect animal health and performance. Feed Antioxidants are of different types, such as synthetic and natural, that are used for various animals, such as poultry, cattle, swine, and pets.

Market Drivers

The feed antioxidants market is driven by several factors, including:

• Consumers increasingly demand high-quality meat, dairy, and other animal products. Feed antioxidants can help improve the quality of these products by improving feed efficiency, reducing animal stress, and improving their overall health.
• Farmers are becoming more aware of the importance of animal welfare and health. Feed antioxidants can help improve animal health by reducing the risk of diseases and infections and boosting the immune system.
• Processed animal feed is becoming increasingly popular due to its convenience and cost-effectiveness. Feed antioxidants can help to extend the shelf life of processed animal feed and prevent it from spoiling.
• The market has experienced significant growth due to the increasing usage of food antioxidants in various types of ready-to-eat meals and packaged food. The increasing need for packaged food to have a longer shelf life is anticipated to be the primary driver behind the growing demand for food antioxidants in the foreseeable future.

Segments Analysis

By Type

“The natural antioxidants segment is expected to dominate during the forecast period”.

The market is segmented into synthetic and natural antioxidants. The natural antioxidants segment held the largest share of the market in 2022 and is expected to remain dominant during the forecast period. The natural feed antioxidants segment is further segmented into carotenoids, tocopherols, botanical extracts, and vitamins.

Manufacturers are attentive to developing innovative products to produce cheaper natural antioxidants to capture the market and leverage this increasing demand, which is boosting the growth of the market for natural feed antioxidants.

By Animal Type

“The poultry industry is projected to dominate the market during the forecast period”.

The market is segmented into poultry, cattle, swine, aquaculture, and pets. The poultry industry is estimated to dominate the market in the coming five years. On the other hand, the aquaculture segment has immensely contributed to global food security, and with the claim for fish-based products increasing worldwide, the demand for fish-feed antioxidants is also gradually increasing.

By Form Type

“The dry feed antioxidants segment is expected to lead the market during the forecast period”.

The market is segmented into dry and liquid. The dry feed antioxidants segment is likely to lead the market during the forecast period. The dry form is also estimated to witness a higher demand among livestock farmers, as dry feed antioxidants are easy to mix with feed, store, and offer ease of handling.

Regional Analysis

“Asia-Pacific is projected to be the largest and fastest-growing feed antioxidants market during the forecast period”.

The market is broken down geographically into areas like North America, Europe, Asia-Pacific, and the Rest of the World (RoW). In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing feed antioxidants market during the forecast period, with China, Japan, India, and Australia being the major countries with lucrative growth opportunities.

The growth of the market is driven by the growth of various end-use industries, such as poultry, cattle, swine, and pets, which are generating huge demand for feed antioxidants and the presence of a large number of feed antioxidant manufacturers in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

Key Players

The following are the key players in the Feed Antioxidants Market (arranged alphabetically)

• Archer Daniels Midland Company
• BASF SE
• Bertol Company
• Cargill
• Koninklijke DSM N.V.
• Lallemand Animal Nutrition
• Novus International
• Oxiris Chemical
• Videka Company
• Zhejiang Medicine

Note: The above list does not necessarily include all the top players in the market.

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More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

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