Amsterdam, NL - July 20, 2020 -
Feed antioxidants are generally shelf-life extenders. They are used to preserve the nutrients found in the feed. They prevent the oxidative decay process of these feed nutrients such as proteins, vitamins, fats, pigments, and flavoring agents hereafter retaining the feed for a longer period. Majorly antioxidants are used in the pet feed sector to protect oils and fats against lipid peroxidation or oxidative rancidity. Feed antioxidants ensure both the safety and quality of the animal feed by protecting the nutritional supplements.
Feed antioxidants cater to increasing disease resistance in the case of animals since they help with protecting all the important nutritive supplements in the feed from going through oxidation. The global feed antioxidants market is experiencing a surge due to the growth of the food production industry. Moreover, since these antioxidants increase the shelf life of the feed- they also prevent wastage of the same which hereby acts as a propeller for this market. Some of the key drivers for this market include the increasing industrialization of livestock coupled with the growing meat industry.
This report quantifies the market for feed antioxidants and the value chain analysis for the same has been performed. To perform a strategic analysis for this market, this report titled," Global Feed Antioxidants - Market and Technology Forecast to 2028
" is segmented based on Form and Region. Based on regional consumption of animals, the segmented is sub-segmented as Poultry, Cattle, Swine, Aquaculture and Pets. Segmentation based of form is further divided on the basis of synthetic type as BHT, BHA, Ethoxyquin, Propyl Gallate and Others.. Based on form, the report is segmented as Dry and Liquid. The global market is regionally segmented as NA, EU, APAC, Middle East, RoW.
The global market for feed antioxidants is expected to account for a value of roughly USD 0.3 Billion in 2020 and it is likely to reach a value of USD 0.6 Billion by 2028. The market is anticipated to grow with a CAGR of 7% during the forecast period 2020-2028. The feed antioxidants market is segmented by Form, and Region. Based on form, the dry segment is probable to dominate the market since it is easier to be mixed with the feed. Based on Type, the synthetic antioxidants expected to account for majority shares, this is owing to higher sustainability, easier availability, and low cost of production.
Based on animals, the poultry segment is probable to lead the market. The cost incurred while purchasing the feed can be reduced with the help of feed antioxidants since they increase shelf life. Based on synthetic type, BHT is the most widely used feed antioxidant in the poultry industry and it is expected to have the largest market size. BHT not just acts as a feed antioxidant but at the same time it helps with the prevention of mortality of chickens in advent to Newcastle Disease Virus. Researchers are still trying to define the anti-viral action of BHT. This study is extended to other viruses as well using both BHT and other antioxidants. Based on Region, APAC has the highest market share ranging up to approximately one-third of the global market revenue.
APAC is anticipated to lead the global market with a market share of the value of approximately 33.33% of global revenue. This is due to developing Asian countries and an increase in disposable income. Moreover, the increasing demand for meat in this region has been another key driver for the APAC market. Since the production of meat in this segment has been increasing, so does the requirement for feed antioxidants to prevent the feed from getting oxidized-thereby cutting costs concerning feed purchase
The study period of this report, "Global Feed Antioxidants - Market and Technology Forecast to 2028
" ranges from 2018-2028, and the forecast period ranges from 2020-2028. The market is segmented by Form, and Region.
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