The global feed antioxidants market, valued at USD 356 million in 2019, is projected to escalate to USD 474 million by 2025, growing at a rate of 4.9%. The driving forces behind this growth are the increasing demand for high-quality feed, advancements in feed production technology, and a rise in standardized meat product offerings.
The feed antioxidants market refers to the industry that produces and sells antioxidants used in animal feed to improve the quality of feed and enhance animal health. Antioxidants are added to feed to prevent spoilage caused by oxidation and to maintain the nutritional value of the feed ingredients. The market is growing due to increasing demand for high-quality animal feed and the need to improve the overall health and productivity of livestock. Key players in the market include BASF SE, Adisseo, Alltech, Cargill Inc., and Evonik Industries AG. The market is segmented based on type, animal type, form, and geography.
As the market demand shifts from synthetic to natural antioxidants, there is an increase in demand for natural feed antioxidants. The manufacturers are focusing on innovative products to develop cheaper natural antioxidants to capture the market and capitalize on this increasing demand, which is boosting the demand for natural feed antioxidants.
Asia Pacific is projected to witness significant growth during the forecast period.
The market for feed antioxidants is increasing globally and is largely driven by the increase in meat consumption. The market for feed antioxidants is projected to increase steadily up to 2025. Asia Pacific is estimated as the largest developed market for feed antioxidants. This region is a growing market and provides great future potential for producers. The region’s dominance of share and growth rate is attributed to the growing economies in the Asian countries, which are bound to record an increase in disposable incomes and trigger the demand for protein-rich products such as meat and dairy. The globally increasing cost of feed is the main factor leading to an increased demand for the feed antioxidants to prevent feed spoilage and enhance its shelf-life. Also, the hot and humid climate in certain parts of the world makes the use of feed antioxidants necessary.
What are the drivers and opportunities for the feed antioxidants market?
Key Market Players:
Key participants in the market include Cargill (US), Archer Daniels Midland Company (US), Koninklijke DSM N.V. (Netherlands), BASF SE (Germany), Nutreco (Netherlands), Kemin (US), Adisseo (France), Perstorp (Sweden), Alltech (US), Caldic (Canada), Novus International (US), Chemical Fine Sciences (India), Oxiris Chemical (Spain), VDH Chemicals (India), Zhejiang Medicine Co. Ltd. (China), BTSA (Spain), Bertol Company (Czech Republic), FoodSafe Technologies (US), Videka (US), Lallemand Animal Nutrition (Canada), and Industrial Tecnica Pecuária (Spain).
