In 2014, the global market for animal feed antioxidants was worth USD 183.4 million. The market is expected to be influenced by the rising meat production in China, India and the Middle East. This is due to increasing awareness among consumers about protein rich products. The increasing concern for animal safety and health is one of the main factors driving market demand for antioxidants in animal feed.
Antioxidants can be used in animal feed additives to protect cells and reduce singlet oxygen. There are two main types of antioxidants: synthetic and natural. These products can provide oxidation protection for feed by increasing shelf life and ensuring safety, quality, and quality. These products can protect nutritional supplements in feed from degradation, which mainly include vitamins and fats.
Foot-and-mouth disease and epidemics are increasing, which has implications for food quality. These ingredients are getting more attention both in the final product and in the ingredient markets.
The positive outlook for agriculture in China, India and Brazil due to regulatory support and the improvisation of new irrigation technologies at a national level will open up new opportunities for market players in the future. The availability of raw material to produce antioxidants will be affected by the rising demand for oilseeds, corn and other crops in the food and beverage and biofuels sectors.
In 2014, poultry dominated the global market with 19.0 kilotons. This trend is expected to continue in the future. Due to religious acceptance, the market penetration is expected to rise which will in turn increase livestock penetration.
The implementation of the business plan, which aims to encourage domestic poultry farming, was announced by the African government, especially in Nigeria and South Africa. The government intervention is expected to increase market penetration during the forecast period.
In 2014, cattle feed antioxidants were in high demand at over 15 kilotons. This is expected to increase in light of increasing concerns about disease outbreaks like BSE in bovines.
Synthetic antioxidants were the most popular product in 2014, accounting for more than 50% of the global market. These products are used to ensure product stability and a longer shelf life. This protects the raw materials. Market growth is also influenced by the availability of antioxidants at reasonable prices and in large quantities. Due to the growing demand for natural antioxidants, the market is seeing a rise.
The natural animal feed antioxidants will see significant growth, growing at a rate of more than 4% between 2015 and 2022. Over the forecast period, regulatory pressure to limit the use of synthetic chemicals in animal feeds due to growing concerns about their harmful effects will increase the importance and value of natural products.
Asia Pacific was the region with the highest demand, accounting for more than 40% of global volume share in 2014. A positive outlook on the production of chicken, beef, and mutton in China and India is anticipated to lead to an increase in the importance of antioxidants in animal feeds during the forecast period.
North America was the biggest market in 2014 with revenues exceeding USD 40 million. It is expected to continue to be so over the forecast period. These additives will be in high demand due to the strong manufacturing base of American meat producers, including JBF, Tyson and Cargill. A favorable effect is expected to be the rising consumption of red meat in Mexico due to increased availability of frozen food delivery services in supermarkets.
The strong manufacturing base for pork meat in European countries like Germany, France and Russia will increase availability and, in turn, boost industry growth over the next seven year.
Brazil was the fourth-largest producer of meat worldwide, with production at 25,065 kilogramons in 2013. The demand will be driven by the growing demand for meat as a protein source and increased retail outlets due to the Rio 2016 Summer Olympics.
DuPont, BASF, DSM Nutritional Product, LLC, Novozymes, LLC, Novozymes, AB Vista, Zhejiang Medical Co., Ltd., Adisseo, Kemin Industries are some of the major manufacturers. Manufacturers will likely shift their preference away from synthetic chemicals and towards bio-based products due to fluctuating prices for petrochemical feedstock. This could lead to increased expenditure on natural antioxidants like tocopherols.
Up Market Research published a new report titled “Animal Feed Antioxidants Market research report which is segmented by Product (Natural, Synthetic), by Livestock (Swine, Poultry, Cattle, Aquaculture), By Players/Companies DuPont, Adisseo, AB Vista, Kemin Industries Shifting preference from synthetic chemicals to bio-based counterparts in light of fluctuating prices of petrochemical feedstock is expected to force manufacturers to increase their expenditure towards the development of natural antioxidants such as tocopherols, BASF, Ltd, DSM Nutritional Product, Zhejiang Medicine Co, ADM, LLC, Novozymes”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Animal Feed Antioxidants Market Research Report |
By Product | Natural, Synthetic |
By Livestock | Swine, Poultry, Cattle, Aquaculture |
By Companies | DuPont, Adisseo, AB Vista, Kemin Industries Shifting preference from synthetic chemicals to bio-based counterparts in light of fluctuating prices of petrochemical feedstock is expected to force manufacturers to increase their expenditure towards the development of natural antioxidants such as tocopherols, BASF, Ltd, DSM Nutritional Product, Zhejiang Medicine Co, ADM, LLC, Novozymes |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 204 |
Number of Tables & Figures | 143 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Product (Natural, Synthetic), by Livestock (Swine, Poultry, Cattle, Aquaculture).
Animal Feed Antioxidants Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Animal Feed Antioxidants Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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