Feb 10, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Feed Antioxidants Market.
It was estimated prior to this unanticipated outbreak that the Feed Antioxidants Market is likely to witness an impressive CAGR of 4.5% during the forecast period. The prime factor that is contributing to the demand for feed antioxidants is mainly the increasing cost of feed, which is helping in enhancing animal resistance to various diseases, globally.
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Feed Antioxidants safeguard the feed nutrients in the feed such as vitamins, proteins, fats, pigments, and flavoring agents from deterioration which thus, give a nutrient security. Antioxidants are called as shelf-life extenders. The feed oxidization prevention is quite imperative as it can affect the animal health and performance.
Feed Antioxidants are of different types, such as synthetic and natural, that are used for various animals, such as poultry, cattle, swine, and pets.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Based on the type, the market is segmented as synthetic and natural antioxidants. The natural antioxidants segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period. The natural feed antioxidants segment is further segmented into carotenoids, tocopherols, botanical extracts, and vitamins. Manufacturers are attentive on developing innovative products to produce cheaper natural antioxidants with the aim to capture the market and leverage on this increasing demand, which is boosting the growth of the market for natural feed antioxidants.
Based on the animal type, the feed antioxidants market is segmented as poultry, cattle, swine, aquaculture, and pets. The poultry industry is estimated to dominate the market in the coming five years. On the other hand, the aquaculture segment has immensely contributed to the global food security, and with the claim for fish-based products increasing worldwide, the demand for fish feed antioxidants is also gradually increasing.
Based on the form type, the market is segmented as dry and liquid. The dry feed antioxidants segment is likely to lead the market during the forecast period. The dry form is also estimated to witness a higher demand among livestock farmers, as dry feed antioxidants are easy to mix with feed, store, and offer ease of handling.
In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing feed antioxidants market during the forecast period, with China, Japan, India, and Australia being the major countries with lucrative growth opportunities. The growth of the market is driven by the growth of various end-use industries, such as poultry, cattle, swine, and pets, which is generating huge demand for feed antioxidants and the presence of a large number of feed antioxidant manufacturers in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Key players operating in the global Feed Antioxidants market are-
- Archer Daniels Midland Company
- BASF SE
- Bertol Company
- Koninklijke DSM N.V.
- Lallemand Animal Nutrition
- Novus International
- Oxiris Chemical
- Videka Company
- Zhejiang Medicine.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Feed Antioxidants analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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