Feed Antioxidants Market : Opportunities and Forecast Assessment, 2020–2027

 

The GMI Research expects the feed antioxidants market to expand at a significant rate. From a regional perspective, the Asia-Pacific is expected to grow at a higher CAGR attributed to the growing number of poultry stations driven by the strong demand for animal-based products. The rising disposable income and increasing health concerns are shifting consumer's focus on protein-rich food, thus surging the market growth.

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Feed Antioxidants Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The global feed antioxidants market is projected to experience strong demand over the coming years due to growing feed production and unexpected crop harvest patterns. Moreover, the introduction of improved animal husbandry practices to enhance meat quality and the strong demand for animal-based products are the major factors boosting the growth of the global feed antioxidants market. There has been an upsurge in demand for animal-based products include increasing population, improved lifestyle, and rapid urbanization globally. Meat is one of the major sources of nutrition for people at a global level. It has been seen that around 300 million tons of meat are generated each year worldwide. Furthermore, owing to the growing health concerns, consumers globally have significantly shifted their focus towards nutritious and healthy food in which animal-based products act as an important part of the growth of the market.

Animal-based products aids in enhancing human bone, heart health, and nutrition, will accelerate market growth. They are also rich in proteins and vitamins, which will further support the human body's development. In addition to this, animal-based products are utilized in medicines for fast recovery, thereby enhancing demand for animal-based products also propels the growth of the global feed antioxidants market. It is observed that the increasing rate of the poultry sector is higher as compared to the agriculture sector. This is mainly owing to the rising disposable income of people and decreasing rate of poultry products worldwide.

Type Segment Drivers

Based on type, the market is segmented into synthetic antioxidants and natural antioxidants. The natural antioxidant segment is projected to increase at a faster CAGR during the forecast period. The majority of the growing population globally prefer animal-based food, thereby natural antioxidants in animals don't affect the safety, quality, and nutrition of animal meat. Additionally, it improves the health and nutritional benefits of meat, which will bolster the growth of the segment.

Feed Antioxidants Market’s leading Manufacturers:

·        Cargill Inc

·        The Archer Daniels Midland Company

·        BASF SE

·        Nutreco N.V.

·        Kemin Industries

·        Bluestar Adisseo Co

·        Perstorp Holding AB

·        Alltech Inc

·        Caldic B.V.

·        Novus International Inc

MARKET NAME Segmentation:

Segmentation by Type:

·        Synthetic Antioxidants

o   BHA

o   BHT

o   Ethoxyquin

o   Propyl Gallate

o   Others

·        Natural Antioxidants

o   Carotenoids

o   Tocopherols

o   Botanical Extracts

o   Vitamins

Segmentation by Animal:

·        Poultry

·        Swine

·        Ruminants

·        Aquaculture

·        Pets

o   Cats

o   Dogs

Segmentation by Form:

·        Dry

o   Powder

o   Granules

o   Beadlets

·        Liquid

Segmentation by Region:

·        North America

o   United States of America

o   Canada

 

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird's eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.

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