Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 285.22 Million | USD 747.54 Million | 11.3% | 2023 |
According to Zion Market Research, the global Feed Antioxidant Market was worth USD 285.22 Million in 2023. The market is forecast to reach USD 747.54 Million by 2032, growing at a compound annual growth rate (CAGR) of 11.3% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Feed Antioxidant industry over the next decade.
Generally, the antioxidants are termed as shelf-life extenders. The feed antioxidants protect the feed nutrients in the feed such as proteins, vitamins, fats, pigments and flavoring agents from deterioration which thus gives a nutrient security or guarantee top the animals. The feed oxidization prevention is a must as it can affect the animal health and performance. Thus, the demand for feed antioxidants product drives the global market.
The global feed antioxidants market is fuelled mainly due to the increasing cost of feed. They also help in enhancing the animals’ resistance to disease. The feed nutrients in the feed are protected from deterioration, which increases the shelf life of the feed, and thus, reduces the wastage, which in turn boosts the global feed antioxidants market. The future market rise is also predicted as it can be used as mold inhibitors in the feed antioxidants industry.
The basic feed antioxidants type include natural and synthetic. The global feed antioxidants market is bifurcated based on the types, livestock, and geography. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
The synthetic types segment is further segmented into ethoxyquin, BHT, BHA, and others.
The livestock segment is categorized into cattle, swine, poultry, aquaculture and others. The geographical segmentation includes Europe, Asia-Pacific, North America and Rest of the World.
The Regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Report Attributes | Report Details |
---|---|
Report Name | Feed Antioxidant Market |
Market Size in 2023 | USD 285.22 Million |
Market Forecast in 2032 | USD 747.54 Million |
Growth Rate | CAGR of 11.3% |
Number of Pages | 110 |
Key Companies Covered | Kemin Industries, BASF SE, Impextraco and Cargill, Inc. The other players in the global feed antioxidant market include Danisco, ADM, Perstorp, Nutreco, All Tech, Adisseo France Sas, Novus International, Archers Daniels Midland and DSM |
Segments Covered | By Types, By Livestock And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The Asia Pacific regions dominate the global market for feed antioxidants in the world. It accounts for almost 45% of the consumption in those regions. The other region such as North America and Europe also boosts the growth of the feed antioxidants market. The growth in the markets in countries such as India, China, and Brazil flourishes owing to the hot and humid climate and also the large number livestock industry. The major share in the feed antioxidant is comprised of the poultry industry and swine breeding industry.
The major players in the feed antioxidants market include-
A number of leading companies are investing major of their shares in the manufacture and development of the feed antioxidants in order to earn the economic benefit from the growing trend in the global market. The escalating demand for the feed antioxidants all around the globe is driving the global key players to include feed antioxidant to their products. The companies are investing more in the R&D to reduce the overall production cost and produce new advanced products.
Global Feed Antioxidant Market: Synthetic Types Analysis
Global Feed Antioxidant Market: Livestock Analysis
FrequentlyAsked Questions
Animal health and resistance power against the infection is one of the key driving factors which promote the growth of the market. The rising animal diseases of the products in the segment are also considered as one of the major driving factor for promoting the growth of the market.
According to Zion Market Research, the global Feed Antioxidant Market was worth USD 285.22 Million in 2023. The market is forecast to reach USD 747.54 Million by 2032, growing at a compound annual growth rate (CAGR) of 11.3% during the forecast period 2024-2032.
Asia Pacific region hold the largest market share in the year 2023. Recent, heavy growth in consumption followed by rising population and economic growth of countries like India, China, Vietnam and various others is one of the major factors promoting the growth of the market in Asia Pacific region.
Some main participants of the Feed Antioxidant market are include Kemin Industries, BASF SE, Impextraco and Cargill, Inc. The other players in the global feed antioxidant market include Danisco, ADM, Perstorp, Nutreco, All Tech, Adisseo France Sas, Novus International, Archers Daniels Midland and DSM. A number of leading companies are investing major of their shares in the manufacture and development of the feed antioxidants in order to earn the economic benefit from the growing trend in the global market. The escalating demand for the feed antioxidants all around the globe is driving the global key players to include feed antioxidant to their products. The companies are investing more in the R&D to reduce the overall production cost and produce new advanced products.
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