Feed Antioxidants Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023
Feed Antioxidants Market: The nutrients in the oxidized feed are inadequate and lead to reduced performance and several health disorders in the animals. Feed antioxidants are added to the feed in very less quantities to increase the shelf life of the feed by preventing oxidation in finished feed and increase resistance against various diseases in livestock. Feed antioxidants make the animal healthy and reduce the degradation of feed due to oxidation. The commonly used antioxidants include butylated hydroxytoluene (BHT), butylated hydroxyanisole (BHA), and ethoxyquin. Feed antioxidants also protect the nutritional supplements such as vitamins, fats, and pigments in the feed from deterioration.
The feed antioxidants market is growing at a significant CAGR due to increase in the adoption of animals. Increase in the cost of feed, rise in the prevalence of animal diseases, growing demand for healthy meat and other livestock products, and increasing awareness about the antioxidants usage expected to fuel the feed antioxidants market. Moreover, increase in the investment flow for research and development activities, technological developments in the feed antioxidants, and growth in livestock industry expected to bolster the feed antioxidants market over the forecast period. However, adverse effects associated with the antioxidants, scarcity of raw materials for antioxidants synthesis, stringent government policies for the using of antioxidants, and variation in the price of agri-commodities might restrain the feed antioxidants market over the forecast period.
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Feed antioxidants market is segmented on the basis of antioxidant type and species
Based on the antioxidant type, feed antioxidants market is segmented into the following:
• Natural antioxidants
• Synthetic antioxidants
Based on the species, feed antioxidants market is segmented into the following:
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Global feed antioxidants market is in the developing stage with several manufacturers are actively involved in the sale and distribution of feed antioxidants. Launch of new feed antioxidants into the market driving the feed antioxidants market growth. For instance, in June 2012, DuPont Nutrition & Health launched the Guardian Chelox L in the European region. Similarly, in October 2014, Adisseo has launched selisseo, a selenium based antioxidant product increase the seleno-cysteine levels in metabolic tissues. Acquisitions & mergers, joint ventures, and collaborations between the companies also expected to propel the feed antioxidants market revenue over the forecast period. For instance, in February 2011, Avian Technology International, and Kemin Industries signed an agreement for the selling Kemin products include feed antioxidants and other feed additives.
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Geographically, feed antioxidants market is segmented into the following regions Viz. Europe, North America, Latin America, Asia-Pacific, and Middle East & Africa. Asia Pacific accounts for the key share in feed antioxidants market owing to increase in the consumption of livestock products. Hot and humid conditions in the Asia-Pacific region, increase in the prevalence of animal diseases such as bird flu in poultry, swine flu, and avian flu, and increase in the expenditure on animal welfare expected to fuel the feed antioxidants market in the region. North America holds a major share in feed antioxidants market owing to high animal adoption rate, increase in the livestock industrialization, and growing preference for the healthy meat and other dairy products. Europe holds a significant share due to increase in the research and development activities for novel antioxidants, rise in the production of livestock products such as aquaculture production in Norway, U.K, Ireland, and increase in the consumption of animal protein in the Europe region. Latin America and Middle East and Africa exhibiting significant growth due to the high cost of the feed, rise in the preference for healthy meat, and increase in the animal welfare expenditure.
Some of the players in feed antioxidants market are Kemin Industries, Inc. (U.S.), BASF SE (Germany), Archer Daniels Midland Company (U.S.), Cargill Inc. (U.S.), Nutreco N.V. (Netherlands), Alltech Inc. (U.S.), Novus International (U.S.), Perstorp Holding AB (Sweden), Adisseo France S.A.S. (France), and Dupont Nutrition And Health (Danisco) (Denmark) to name a few.
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