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Animal Feed Antioxidant Market Trends

  • Report ID: GMI9220
  • Published Date: Apr 2024
  • Report Format: PDF

Animal Feed Antioxidant Market Trends

Numerous important factors are propelling the market for antioxidants in animal feed, which is seeing a consistent increase trend. One of the main drivers is a growing consciousness among livestock farmers regarding the significance of animal nutrition and the function of antioxidants in maintaining feed quality and improving animal health. Effective feed additives are becoming more and more necessary to maximize animal performance as a result of an expanding worldwide population and a growing market for premium animal products.
 

Furthermore, as livestock producers prioritize regulatory compliance, strict regulatory standards requiring the use of feed additives for animal safety and environmental sustainability are driving further market expansion. As producers work to accommodate changing consumer demands, technological developments in antioxidant formulations, including the creation of natural and sustainable alternatives, are also helping to expand the market.
 

Notwithstanding, the industry confronts significant obstacles, including fluctuations in raw material prices and rivalry from alternative supplements like probiotics and feed enzymes. To overcome these obstacles and take advantage of the expanding market for antioxidants in animal feed, manufacturers will need to concentrate on cost reduction, differentiation tactics, and new product development. The market for antioxidants in animal feed is anticipated to grow overall due to the growing significance of animal nutrition and the continuous search for safer and more environmentally friendly feed options.

Authors: Kiran Pulidindi , Kunal Ahuja

Frequently Asked Questions (FAQ) :

Animal feed antioxidant market size was USD 362.2 million in 2023 and is expected to register over 5.3% CAGR from 2024-2032 owing to the growing concerns regarding the safety and quality of the feed as well as the goal of optimizing animal health and performance worldwide.

Animal feed antioxidant industry from the butylated hydroxytoluene (BHT) segment is expected to reach USD 614.3 million by 2032 due to extending the shelf life and improving overall feed quality by providing greater stability and longevity in maintaining the nutritional integrity of animal feed.

Asia Pacific animal feed antioxidant industry is expected to record USD 714.1 million by 2032 due to rapid urbanization, population growth, and rising disposable incomes along with the presence of leading players in the region.

ADM, Altech, BTSA, Camlin fine science, Cargill Inc, Corbion, Food safe technologies, Kemin, Lallemand Nutrition, Miavit, Oxiris, and VDH chemtech pvt ltd, are some of the major animal feed antioxidant companies worldwide.

Animal Feed Antioxidant Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 12
  • Tables & Figures: 255
  • Countries covered: 22
  • Pages: 305
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