Growing demand for protein rich food for livestock will foster the Feed Antioxidants Market

The research report "Feed Antioxidants Market: By Antioxidant Type (Natural (Rosemary Extract, Tocopherols, GallicAcid, OilSeeds, Corn, Rapeseeds, Others),(Syntheticantioxidants (Ethoxyquin, BHT, BHA, Vitamin E, Propyl Gallate, Others)), By Feed Type (Broilers Pre-starter Feed, Piglets Pre-starter Feed, Cattle Pre-starter Feed, Aqua Pre-starter Feed, Pet Food, Cattle Feed, Poultry Feed, Aqua Feed, Pig Feed, Feed Premixes, Raw Material), and Geography-Global/Region/Country Forecast to 2027", Feed Antioxidants Market was valued at USD 332.37 Million in the year 2020 and is anticipated to grow at USD 533.71 Million till 2027 witnessing a CAGR of 7% during the forecast period 2021-2027.

Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on "Feed Antioxidants Market: By Antioxidant Type (Natural (RosemaryExtract, Tocopherols, GallicAcid, OilSeeds, Corn, Rapeseeds, Others), (Syntheticantioxidants (Ethoxyquin, BHT, BHA, Vitamin E, Propyl Gallate, Others)), By Feed Type (Broilers Pre-starter Feed, Piglets Pre-starter Feed, Cattle Pre-starter Feed, Aqua Pre-starter Feed, Pet Food, Cattle Feed, Poultry Feed, Aqua Feed, Pig Feed, Feed Premixes, Raw Material), and Geography-Global/Region/Country Forecast to 2027",

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Increasing Health Concerns in livestock will increase the demand for Feed Antioxidants:

Antioxidants are available in two types such as synthetic and natural product types. These are used as animal feed additives to prevent cells damage. Antioxidants provide oxidation to feed by augmenting shelf life and making sure the quality as well as safety. These product types also have the potent to protect nutritional supplements of the feed from corrosion that include vitamins, pigments and fats. Veterinary feed manufacturers are giving more concentration on formulated antioxidant products as compared to single form because of the high efficiency of the product. Antioxidants in the feed greatly enhance the nutritional quality of the feed and consequently increase the shelf life of the feed products. Butyl hydroxyanisole, butyl hydroxytoluene and ethoxyquin are the most commonly used antioxidants in the feed products.

There are several prominent factors that are projected to increase the potential opportunities in feed antioxidants market during the forecast years such as growing usage of compounded feed to give balanced nutrition to animals and increasing demand for antioxidants for the purpose of augmenting the shelf life of the feed elements. Growing demand for protein rich food such as milk and meat and increasing pet ownership in developing countries enhance the demand for compounded feed. Customer’s inclination towards nutritious food and growing count of livestock animals enhances generating huge market revenue growth. Increasing awareness of qualitative feed for livestock is another key factor to drive the feed antioxidants market during the forecast period 2021-2027.

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Impact of COVID-19 Feed Antioxidants Market:

In addition, the report discusses the implications of COVID-19, including the industry's initial response and strategies for ensuring business continuity in the coming years.

Asia Pacific obtained huge market revenue share in the Feed Antioxidants Market:

Asia Pacific recorded large revenue share in the market owing to huge demand for feed antioxidants and the less manufacturing cost in the region as compared to other regions. Industry players in the region are focusing more on improving the sales and generating huge revenues in antioxidants business by targeting new consumer sectors. In order to serve the consumers in better way, key players are taking efforts to create new customer channels such as B2C and B2F. These customer channels also help them to go through deep into the market by keeping B2B sales focused as well as active.

Competitive Assessment:

Leading market players of the Feed Antioxidants Market include LANXESS, INDUSTRIAL TECNICA PECUARIA, S.A., Sterlitamak Petrochemical Plant, Oxiris Chemicals S.A, Affinity Petcare S.A, Nestlé Purina, MIAVIT GmbH, APC, Inc., Trouw Nutrition, Denkavit Netherlands BV, NANTA, SA and Kemin Industries, Inc.

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